Tuticorin Port Trust, Govts of M P and Odissa express keen interest Ministry initiates moves to attract investments by Firms shifting base from China Major Policy Changes brought in to incentivise the RE equipment manufacturing for domestic use and exports The Ministry of New and Renewable Energy(MNRE) has initiated action Read more…
NHPC, a CPSU under Union Ministry of Power successfully conducted the e-reverse Auction(ERA) on 16.04.2020 for the 2000 MW Grid Connected Solar PV Project to be set up anywhere in India. The auction was held in presence of Shri A.K Singh, CMD, NHPC and Shri Y.K. Chaubey, Director (Technical). In Read more…
1. Introduction It is vitally important that developers and financiers of solar energy projects follow best practices in developing, constructing, operating and financing projects. Prior to investing, investors should consider the risks involved in investing in the Solar Business and whether it is appropriate for investment objectives, needs and financial circumstances. Read more…
India’s bid to protect its solar-equipment makers by imposing a safeguard duty on cheap, Chinese imports has failed, according to domestic manufacturers, who are campaigning for tougher measures. The country last year imposed a 25% tariff on solar cells and modules imported from China and Malaysia for two years. That Read more…
India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather. Freak climatic conditions are damaging renewable energy projects, threatening a business which survives on wafer-thin margins. A storm in India’s Rajasthan state, known for its deserts and Read more…
In February, Prime Minister Narendra Modi suggested installation of solar panels over water bodies and rooftops while speaking at a renewable energy conference, RE-Invest 2015. But Bengaluru-based P.G. Ganapathy, 45, an independent consultant and adviser in water, environment and sustainable living, adopted rooftop solar panels for his daily use in Read more…
Before the Paris climate summit, India had pledged to increase its share of non-fossil fuels to 40% of the total power generation capacity by 2032. India has an ambitious plan to add 100 gigawatts (GW) of solar power by 2022. Keeping in mind India’s high import dependence and chronic energy Read more…
Mumbai: The country’s capacity addition in generating solar power will fall by 40% to about 4-4.5 GW in FY19 from about 7.5 GW in FY18, credit rating agency ICRA has estimated in a report, attributing this to fewer tenders by state governments and uncertainty in the industry over the impact of Read more…
India recently conducted two auctions for wind/solar hybrid projects. Both the auctions were under-subscribed, with bids totalling 1.56GW awarded to SB Energy, Adani Green Energy and ReNew Power, against a total of 2.4GW on offer. The discovered prices were marginally below the ceiling tariff of ₹2.70. Although the initial response from Read more…
MUMBAI : Essel Group will sell 205 megawatt (MW) of its operational solar energy assets to Adani Green Energy Ltd at an enterprise value of ₹1,300 crore, the two companies said. An Essel Group statement said the assets are in Punjab, Karnataka and Uttar Pradesh and have long-term power purchase agreements (PPAs) with various state-owned power Read more…