Waaree Energies Ltd, which has been primarily in solar PV module manufacturing, is now witnessing a steady rise in business from rooftop solar projects. According to Nitin Kapadnis, Senior Vice-President, Franchise, Waaree Energies, solar module accounts for nearly 85 per cent of its total business. The remaining 15 per cent Read more…
Amid gloom-and-doom predictions on the impact of climate change, a global research study has, for the first time, projected that a global transition to 100% renewable energy is possible by 2050 across all sectors, including power, heat generation, transport and desalination, provided there is political will to achieve it. The Read more…
To achieve energy security and promote the use of green energy, Chennai Metro Rail Limited (CMRL) has installed and commissioned 428 KWp solar power plant on the rooftop of two elevated stations – OTA and Meenambakkam. These solar plant projects were executed under Zero Capital Investment by CMRL and are Read more…
India emerged as the third largest solar market in the world after China and the US. India’s solar installations reached 8.3 GW, including large-scale and rooftop solar units, according to a report by Mercom Communications India. The country’s cumulative solar capacity is 28 GW as of 2018. Mergers and acquisitions Read more…
Installing solar panels on your terrace to generate power can be a rewarding idea in many ways. If you face frequent power-cuts, a rooftop plant may be a great solution. You get electricity at a price that is now comparable to or lower than conventional sources of power. There are Read more…
Several power-consuming small and medium enterprises (SMEs) in India are hesitant to install rooftop solar panels due to perceived performance risks, according to a survey by global consultancy giant Deloitte. The survey, titled ‘Scaling Up Rooftop Solar in SME Sector in India’, was conducted by across 150 MSMEs in six Read more…
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…