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…
New Delhi: The central government has issued a new tender for solar power equipment manufacturing capacity totaling 2 gigawatts, the latest attempt to spur its domestic industry after two earlier efforts failed to rouse investor interest. The new tender, issued by the state-owned Solar Energy Corp. of India, seeks four projects Read more…
MUMBAI : Essel Infraprojects Ltd, a part of the Subhash Chandra-led debt-laden Essel Group, has agreed to sell about 310 megawatts (MW) of solar energy assets to the Adani Group at a valuation of ₹1,800-2,000 crore, said two people aware the development. This would be the third sale for Essel Infra, which Read more…
BENGALURU : Walmart Inc. on Tuesday sued Tesla Inc., accusing it of “widespread negligence” that led to repeated fires of its solar systems and asking a court to force Tesla to remove solar panels from more than 240 of its US stores. Solar energy systems installed and maintained by the electric car Read more…
Geneva: India on Thursday won a major trade dispute against the US at the World Trade Organization, with a dispute settlement panel pronouncing that subsidies and mandatory local content requirements instituted by eight American states breached global trade rules. In a significant 100-page report, the three-member panel largely upheld India’s claims Read more…
New Delhi: State-run engineering firm BHELon Sunday said it has won two orders worth ₹800 crore for setting up solar energy capacity of 200 MW, and its solar photovoltaic portfolio has touched 1,000 MW mark with these orders. Valued at over ₹800 crore, the orders have been secured from the state-run power giant NTPC Ltd and 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…
KOLKATA : No country has ever progressed without development in science and technology, said Prime Minister Narendra Modi as he urged the scientific community to look for ways to boosting solar energy and develop electric mobility across the country. Modi was addressing the 5th India International Science Festival (IISF) in Kolkata as he inaugurated the Read more…
NEW DELHI : India is considering building 30 gigawatts of renewable energy capacity along a desert on its western border known for its sunny, windy and arid expanse, according to people familiar with the plan. The projects, which will be spread across the states of Gujarat and Rajasthan, are part of efforts to Read more…