Auctions for around 8,000 MW solar capacities worth Rs 40,000 crore were cancelled in 2018-19, leavig developers and investors high and dry, according to an industry source. Solar project developers continued to face uncertainties in 2018-19 as central and state government agencies as well as a private distribution company cancelled Read more…
Cancellation of auctions for renewable energy projects because of high bids has saved central and state governments Rs 3,405 crore, a top official said, although companies have sharply criticised the practice as anti-investor. “It is important to go for a rebid if the prices are higher than expected,” Ministry of Read more…
In India’s electricity output; in April–October 2018, this share touched the 10% threshold. The share of renewables in the total installed power capacity is also on a rise—from 14% in FY2015, this has risen to the current level of over 20%. Under the United Nations Framework Convention on Climate Change Read more…
The Ministry of New and Renewable Energy (MNRE), Government of India, has been conferred the Skoch Award for national significance at an event held in New Delhi in early December 2018. The award was received by Secretary, MNRE, Shri Anand Kumar. The award has been conferred on the Ministry considering Read more…
On December 6, 2018, the Chief Minister of Uttar Pradesh Shri Yogi Adityanath inaugurated a three-day long Khadi Exposition 2018, in Lucknow. At the event Navneet Sehgal, Principal Secretary, Khadi and Village Industries Board (KVIB) and Atul Bagai, UN Environment Country Head, India, signed a Memorandum of Understanding, under the Read more…
The Solar Energy Corporation of India Limited (SECI) conducted India’s first auction of wind power projects in February 2017 in which tariff of `3.46 was discovered, which was much lower than feed in tariffs in vogue those days. This was a 1,000 MW bid for projects to be connected on Read more…
The Ministry of New and Renewable Energy (MNRE) is providing subsidy up to 30% of the benchmark cost of the solar water pumps to the farmers under Off-grid and Decentralized Solar PV Applications Programme. Till date (August 2018) over 1.85 lakh solar water pumps have been reported installed in the Read more…
India can surpass the target of attaining 100 GW solar energy by 2022, provided it replaces all traditional water pumps by solar water pumps, said a study. According to the report, these grid-connected, net-metered solar pumps will also play an important role in providing secondary income to farmers, while giving Read more…
The Gujarat government has launched a solar power scheme for farmers— Suryashakti Kisan Yojana (SKY) enabling them to generate electricity for their captive consumption as well as sell the surplus power to the grid and earn an extra buck. Announcing the pilot project of the scheme in Gandhinagar, Chief Minister Read more…
State-run power sector financier Rural Electrification Corporation (REC) has announced its commitment of USD 1 million to International Solar Alliance (ISA). “In view of the World Environment Day 2018, REC contributed USD 1 million to the ISA becoming a corpus contributor,” an REC statement said. REC Chairman and Managing Director Read more…