Inconsistent government actions cast a shadow over solar energy developers’ sentiment and slowed down capacity addition momentum, a report by CRISIL Research said Monday. India has set an ambitious target of having 175 GW of renewables including 100 GW of solar energy by 2022. The outlook for solar energy development Read more…
Scientists have designed a metal frame that increases the amount of sunlight captured by a solar cell, enhancing its energy production by almost one-third. The simple, inexpensive and ingenious method could increase solar energy captured for people in developing countries, as well as remote regions that are off the grid, researchers Read more…
To boost hydro power generation, the government Thursday approved a slew of measures including providing renewable energy status for large hydel projects and new funding provisions. Earlier, hydro projects up to 25 MW capacity were considered as renewables and were eligible for various incentives like financial assistance and cheaper credit. Read more…
India will achieve installed solar power capacity of 70GW by March 2023, ratings company Crisil said, lowering its July estimate of 79GW. The government set a target of 100GW of solar capacity by 2022, against the existing 22GW. The target is growing more distant and the shortfall by which India will miss Read more…
Wind developers have expressed concern over the new land policy for renewable energy announced by Gujarat about a month ago as it does not make possession of a power purchase agreement (PPA) mandatory while applying for land to set up a project in the state. They fear that without such Read more…
Of the around 2943 megawatt (MW) capacity of wind power that was bid out in 2017, less than 30 percent has been commissioned so far. Industry officials point out unviable bidding and delay in formulation in Gujarat’s new land policy has contributed to the slow implementation. Of the 2943 MW Read more…
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…