After reaching an all-time low of ₹2.75 (for a ₹2 share) on February 5, the price of the Suzlon share has started moving up sharply. On Friday, it closed at ₹6 on the NSE, which was 4.35 percent higher than the previous close. The trigger appears to have been a rumour that the Read more…
The Cabinet Committee on Economic Affairs (CCEA) recently approved an extension to the existing 1,000 megawatts (MW) central public sector undertaking (CPSU) scheme under the National Solar Mission (NSM), taking the cumulative capacity approved under it to 12 gigawatts (GW). The CCEA also approved ₹8,580 crore as viability gap funding to Read more…
SBICap Ventures’ Neev Fund is set to infuse about $5 million in renewable energy firm Punjab Renewable Energy Systems (Prespl) to acquire a significant minority stake in what would be the Series-B funding round. Prespl has also commitments of an additional $3-5 million funding in the same Series-B round from Read more…
India may impose anti-dumping duty on a certain type of sheet used in making solar cell imported from China, Malaysia, Saudi Arabia and Thailand for five years in order to safeguard domestic players from cheap imports from these countries. The Commerce Ministry’s dumping investigation arm Directorate General of Trade Remedies Read more…
ndia has about 76 GW of installed renewable energy capacity and policymakers are quite confident that the set target of 175 GW will be achieved on time, by 2022. That said, the renewable energy sector continues to be plagued by issues of inadequate transmission capacity, delays in land acquisition and Read more…
For the past one year, the solar industry has been focusing more on rooftop solar development. An increasing number of states are reforming their net metering regulations. In Uttar Pradesh and Himachal Pradesh, new net metering regulations have been proposed. In April 2018, the Central Electricity Authority issued a draft Read more…
Global energy transition is on a fast track and India is not far behind. India’s absolute commitment towards carbon neutral economy is well appreciated. Prime Minister Narendra Modi is one of the biggest supporters of expanding green and sustainable sources of energy, thereby mitigating risks of damaging the environment. With Read more…
The country’s total solar power generation capacity, including 3.85 gigawatt (GW) rooftops, stood at 28.05 GW while 17.65 GW was under implementation as on December 31, 2018, according to a report by Bridge To India (BTI). The quarterly market report, titled ‘India Solar Compass Q4 2018’, gives a detailed analysis of Read more…
The drop in renewable energy tariffs in India is one of the true success stories of the last few years. From around ₹10-12/kWh in 2010, solar tariffs have come down to ₹2.5-3/kWh. Wind tariffs have fallen from ₹4.5-5/kWh to a similar range as solar. There is no longer any doubt that renewables are Read more…
Delhi has already turned into a “gas chamber” and many other Indian cities aren’t much better. Quality of life is being compromised nationwide by oppressive levels of air pollution. Meanwhile, the imbalance of payments caused by expensive oil imports has caused the rupee to descend to record levels. Yet this Read more…