India's NTPC to set up 300 MW solar capacity
MUMBAI, INDIA - India's largest utility, NTPC Ltd, said its board has approved setting up 301 megawatts of solar power generation capacity by March 2014.
The state run firm currently operates a majority of its installed capacity of over 30,000 MW through coal-fired power plants.
NTPC also said it would spend 5.64 billion rupees (US $120 million) to modernize two units at the Badarpur thermal power station.
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WEC Energy Group to buy 80% stake in Illinois wind farm for $345 million
WASHINGTON - WEC Energy Group, the parent company of We Energies, is buying an 80% stake in a wind farm in McLean County, Illinois, for $345 million.
The wind farm, known as the Blooming Grove Wind Farm, is being developed by Invenergy, a company based in Chicago that develops wind, solar and other power projects. WEC Energy has invested in several wind farms developed by Invenergy.
With the agreement announced Monday, WEC Energy will have invested more than $1.2 billion in wind farms in the Midwest. The power from the wind farms is sold to other utilities or companies, and the projects…
