Solar power for the first time in India made over 50% power capacity addition in 2018 although GST, safeguard duty, and land and transmission issues took a toll on large-scale power installation to whose effect the overall Indian solar market was down 15.5% in FY18, according to Mercom India Research’s Read more…
Undeniably, financial volatility and climate change are considered to be the prime catalysts of alteration in the global ecology that could profoundly impact businesses and society. In the last decade, it is universally gathered that the corporate sourcing of renewables has the potential to churn substantial investments into renewable energy. Read more…
The Centre has introduced a financial incentive for states and tweaked its policy to address two major issues plaguing solar park developers — shortage of land and lack of transmission facility. States will earn Rs 0.02 for every unit of power produced at the solar parks, irrespective of where it Read more…
Existing market challenges for the stakeholders lead to the slow uptake of rooftop solar in the residential sector. For the consumers, high upfront cost, difficulty in accessing finance, lack of awareness, and lack of access to suitable roof spaces are some of the major challenges. The solar developers and financiers Read more…
The Ministry of New and Renewable Energy (MNRE), Government of India, awarded Grants to the awardees of the second round of PACEsetter fund programme in a ceremony organized by the Ministry on September 20, 2019. Shri Anand Kumar, Secretary, MNRE, and Mr Kenneth Ian Juster, the US Ambassador to India Read more…
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for a Cooperation Agreement between Ministry of New and Renewable Energy of India and Ministry for Energy, Utilities and Climate of the Kingdom of Denmark on strategic sector cooperation in the field of renewable energy Read more…
Canada’s Brookfield Asset Management Inc. is in talks to buy a majority stake in Hyderabad-based Mytrah Energy as the alternative assets manager looks to make its first renewable investment of more than $1 billion in India, said three people aware of the development. Canada’s Brookfield Asset Management Inc. is in talks to buy a majority stake Read more…
Children from poor families in sub-Saharan Africa have been able to swap cleaning up cowpats for lessons thanks to a solar power project that rewards parents for sending them to school. South Korean solar firm Yolk has designed a cow-shaped solar power station for schools that can be used to Read more…
The pace of adding renewable generation capacities slowed down in FY19 with just 8.6 gigawatt (GW) of solar and wind power plants getting commissioned in the fiscal. The country had added 11.3 GW and 11.8 GW of renewable capacities in FY17 and FY18, respectively. The installed renewable capacity now stands Read more…
Tamil Nadu-based renewable energy company Leap Green Energy Pvt. Ltd is in talks with foreign investor EIG Partners to raise around $200 million through structured debt, said two people aware of the development. Leap Green, founded in 2006, is promoted by former Formula 1 driver Narain Karthikeyan’s family. Mint first reported in Read more…