The government on Wednesday gave its nod to a proposal for setting up 12,000 MW grid-connected solar photovoltaic (PV) power projects with an estimated viability gap funding of Rs 8,580 crore. The decision was taken by the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi, Law Read more…
The Cabinet Committee on Economic Affairs (CCEA) has approved a Rs. 8,580-crore scheme under which companies owned by the Central Government will set up 12,000 MW of solar power plants over the next four years using India-made solar modules. This is to provide a boost to local solar module manufacturing Read more…
The domestic solar panel manufacturing industry, which is battling competition from its Chinese counterpart, has seen a ray of hope with the latest announcement by the government. The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved 12 Gw of solar power projects to be set up by Central government-owned Read more…
Private equity fund Actis LLP plans to set up a new firm to house its operational renewable energy assets in India, attracted by the nation’s growing green economy. Actis will likely accommodate the solar projects of Essel Group in the new firm that the private equity fund plans to acquire Read more…
Ladakh is known for its pristine natural beauty and mountains towering over vast swathes of desolate land, is set to add another feature to its fame- the world’s largest single-location solar photo-voltaic plant. Some 200 km to the south in Kargil, another mega project will join forces to light up Read more…
Bharat Heavy Electricals Limited (BHEL) has won an order for setting up 129 MW Solar Photovoltaic (SPV) power plants in Telangana from Singareni Collieries Company Limited. Significantly, valued at Rs.565 Crore, this is the largest SPV power plant order won by BHEL till date. The plants are to be set Read more…
The growth of our society is dependent on energy. And, since we have built our world using limited fossil fuel reserves, continuously shrinking reserves have created scarcity for energy, and given rise to energy cost. Currently, more than 1 billion people live without electricity and continuous fossil fuel generation has Read more…
Contributing towards green energy and to achieve self-reliance in power, R Madhavan, Chairman and Managing Director, HAL, inaugurated an 8.4 MW wind energy power plant near Ilkal in Bagalkot district in Karnataka. The power generated from this plant will be used for captive energy consumption at Bengaluru. “We are glad Read more…
With the government putting in major thrust on solar energy, coupled with its huge local market and strong manufacturing capabilities, India is poised to become a global leader for solar energy products and in innovations in solar technology. According to a market report of GOGLA, India is the single-largest market Read more…
India’s rapidly growing renewable energy capacity, a major achievement of the Modi government, faces a serious slowdown as investors are disappointed by the unrelenting focus on reduction of tariffs and multiple cancellation of bids after auctions. Central and state agencies have together scrapped solar tenders of close to 7,000 MW Read more…