The Essel Group, which needs to sell a host of assets to stave off loan defaults, is in talks with the Adani group to sell its remaining solar energy portfolio, said two people close to the development. Essel is rushing to complete its unfinished solar power projects of 480 megawatts (MW) to Read more
New Delhi: Prime Minister Narendra Modiwill gift ‘Gandhi Solar Park’ to the United Nations when he attends the Climate Action Summit 2019 in New York, during his week long visit to the US. The 50 kilowatt hour (kWh) roof-top solar park has 193 solar panels—each representing a member of the multilateral body. The $1 Read more
New Delhi: India has extended a deadline to submit bids for building solar power equipment factories in the South Asian nation, in another delay to its efforts to boost its nascent domestic manufacturing capacity. The new deadline to submit bids for the tender is 11 September , Solar Energy Corp. of Read more
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
New Delhi: India is considering a new tender to develop solar power equipment manufacturing that doesn’t include a requirement to also generate electricity, a move aimed at sparking investor interest, according to people with knowledge of the plan. In addition to separating manufacturing of solar cells and modules from generation, the 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