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 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 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. 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). 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 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 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 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. 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 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 Read more…
Firstgreen Renewable Energy Updates