New Delhi: To address the issue of land availability for clean energy projects, India will set up solar and wind projects on fallow land along its international border with Pakistan, according to a top government official. The idea was first mooted by Prime Minister Narendra Modi and will help tackle the problem of Read more…
New Delhi: India is confident of achieving its ambitious target of 100 gigawatts (GW) solar power by 2022 despite the imposition of a safeguard duty on imported solar components, said the top bureaucrat in the ministry of new and renewable energy. “We will definitely not only meet the target but will Read more…
Mumbai: The ministry of new and renewable energy is set to cap India’s solar power tariffsat ₹ 2.5 and ₹ 2.68 per unit for developers using domestic, and imported solar cells and modules, respectively, according to an internal note reviewed by Mint. In the letter dated 24 August, Dilip Nigam, an adviser with National Solar Mission, Read more…
Mumbai: India will not be able to achieve its ambitious target of generating 100GW solar power by 2022, ratings agency Crisil said. In a report, Crisil’s industry research arm said that in the best-case scenario, the country will touch 78-80 GW, against the current capacity of 21.65 GW. Crisil expects Read more…
Mahindra Susten, the renewable business arm of Mahindra group, has got binding offers from CLP India and the Piramal Group for its 160 megawatts (MW) solar assets, said two people aware of the development, requesting anonymity. “Both parties have completed due diligence of the assets and submitted binding offers for Read more…
NEW DELHI : French energy giant Total SA has agreed to acquire 50% in Adani Group’s solar assets for $510 million, in one of the biggest transactions in India’s clean energy industry. Total will own half of a joint venture company that will house the solar assets of Adani Green Energy Read more…
New Delhi: As part of the National Democratic Alliance (NDA) government’s strategy to double farmers’ income by 2022 and further burnish India’s green energy credentials, the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (KUSUM) will be expanded to provide 2 million additional farmers with standalone solar pumps. Under the Read more…
Mumbai: The Maharashtra government’s proposal to switch from net metering to net billing for commercial and industrial rooftop solar power projects is likely to sound the death knell for a sector already struggling to take off. Companies in the rooftop solar power segment are protesting draft regulations recommending this switch, saying Read more…
MUMBAI : Trina Solar of China is keen to invest in Indian solar power projects as part of its wider strategy to expand the market for its own solar modules and photovoltaic cells, the head of its local partner said. The company is keen on under-construction projects and distress opportunities in India’s renewable energy Read more…
Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet. That titanic shift over the next three decades will come as electricity demand increases 62% and investors pump $13.3 trillion into new projects, according to a report released Tuesday by Read more…