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Wind power is now the cheapest electricity to produce in the UK

The rise of renewable energy has made electricity generated by fossil fuels much more expensive   A wind turbine stands at Whitelee Wind Farm, the biggest in the UK Jeff J Mitchell/Getty Images Electricity produced by wind power is now the cheapest in the UK, according to analysis from energy experts. According to a new study by Bloomberg New Energy Finance (BNEF), wind power is now the cheapest electricity in both the UK and Germany, a first for any G7 economy. According to Bloomberg, this is because the rise of renewables, as well as technolgical advances in efficiency and power storage, is making fossil fuel-generated energy more expensive. This creates a cycle that pushes up the cost of coal and gas power, leading to more renewable energy being generated.   Wind turbines line the hillside in Stirling, Scotland As they explain, the cost of electricity generated by wind, solar, or any other renewable power source, is essentially free. There are costs

Germany to fund 125 million euros for renewable energy corridor in India

Germany and India on Tuesday signed an two agreements to fund 125 million Euros for the Green Energy Corridors' project in Andhra Pradesh and Himachal Pradesh. Government hopes to roll out a new goods and services tax (GST) in 2016, Prime Minister Narendra Modi said on Tuesday while addressing Indian and German businesses at the Indo-German Summit in Bangalore Germany and India on Tuesday signed an two agreements to fund 125 million Euros for the Green Energy Corridors’ project in Andhra Pradesh and Himachal Pradesh. Germany’s development bank, KFW, will fund 57 million Euro for the project at Himachal Pradesh, and 68 million Euro for the Andhra Pradesh project, a press statement from the government said. The agreements were signed at a time when Germany’s chancellor Angela Merkel is on a state visit in India. Renewable Energy is one of the key areas of India-German partnership. The financing of the transmission infrastructure of renewable energy projects, the

Suzlon bags 100.8 MW repeat order from Orange Renewable

Wind turbine manufacturer Suzlon group today said it has won a repeat turnkey order for 100.8 mega watt (MW) from Orange Renewable which will be installed at a wind park in Andhra Pradesh. Wind turbine manufacturer Suzlon group today said it has won a repeat turnkey order for 100.8 mega watt (MW) from Orange Renewable which will be installed at a wind park in Andhra Pradesh. (AP) Wind turbine manufacturer Suzlon group today said it has won a repeat turnkey order for 100.8 mega watt (MW) from Orange Renewable which will be installed at a wind park in Andhra Pradesh. “Suzlon Group has won a repeat turnkey order for 100.8 MW from Orange Renewable, an independent power producer (IPP), to be installed in a wind park in Beluguppa, Andhra Pradesh. The project will be commissioned starting financial year 2016-17,” the company said in a BSE filing. The company further said it will offer operation and maintenance services for an initial period of 12 years through an integrated p