The Ministry of New and Renewable Energy (MNRE) recently issued a framework for promoting Decentralised Renewable Energy (DRE) Livelihood Applications. The framework is aimed at supporting the deployment of DRE solutions to enhance the livelihoods of rural communities, particularly those engaged in farming, fishing, and other related activities. The framework Read more
On February 1, 2023, Union Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24 in the Parliament. In her speech, she emphasised the need for a green growth and a clean energy transition in India. The Ministry of New and Renewable Energy (MNRE) was allocated Rs 10,222 crore, a Read more
The world is facing an unprecedented challenge to transition from fossil fuels to renewable energy sources to meet climate goals and promote socio-economic development. Global investments in energy transition technologies, including renewable energy, energy efficiency, electrified transport and heat, energy storage, hydrogen, and carbon capture and storage (CCS), reached a Read more
Guwahati: In a bid to make educational institutions self-sufficient in solar power, IIT Guwahati, in collaboration with AICTE, has completed the installation of solar- power projects in the northeast, which are yielding 416KW of power to help laboratories, offices, and streetlights to function uninterrupted in 27 AICTE affiliated institutions.
Jaipur: With the boom in the solar energy business in Rajasthan, universities like BITs and RTU are providing Nanotechnology specifications for students to excel. For students pursuing engineering, looking for fields that could lead to potential employment opportunities, Nanotechnology is something they should keep their eyes on.
New Delhi: Prime Minister Narendra Modi on Saturday asked the state governments to clear power sector companies’ dues which are estimated at around Rs. lakh crore. The prime minister regretted that the state governments are yet clear subsidy commitments amounting to Rs.75,000 crores to power companies.
Bhopal: Chief minister Shivraj Singh Chouhan on Thursday said Madhya Pradesh will have 20,000 MW renewable energy capacity in five years. A big step in this was taken during the day when the government signed a contract for the first phase of the 600 MW Omkareshwar Floating Solar Project on Narmada – said to be the biggest of its kind in the world.
It is interesting to note that the solar tariffs which went as low as Rs.2.0/ KWH a year back are now heading upwards. last month we observed the solar pit tariff as Rs. 2.45/KWH in one of the SECI pits. Now the state distribution company of Maharashtra MSEDCL has discovered Rs.2.90 as the lowest tariff which shows an upward trend.
Following blatant abuse of the program, the Central Board of Indirect Taxes and Customs (CBIC) has revoked the concessions it had granted under the bonded warehouse scheme, which had allowed solar developers to postpone paying the high import duties on solar cells and modules that became effective on 1 April.
Due to increased demand for electricity, the power sector and power producing companies are experiencing increased electricity production by means of renewable energy sources (RES) and distributed generation (DG). The major issue arises for a common man when their monthly bills pile up. One solution recommended by the government is to utilize solar energy as a substitute.