Finance Minister Nirmala Sitharaman on Saturday announced expansion of Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan (PM KUSUM) Scheme under which 20 lakh farmers would be provided funds to set up standalone solar pumps. While presenting the budget for 2020-21, the minister said that 15 lakh farmers would be provided Read more…
NEW DELHI : With a spate of issues relating to pricing, funding and policy uncertainty slowing the growth of renewable energy sector in India, the ambitious target of installing 175 GW of renewable-based power capacity by 2022 could be unrealistic, according to experts. New research suggests that the key to meeting Read more…
American solar panel maker First Solar is exploring a potential sale of around 45 megawatts (MW) of its solar power assets in India, two people aware of the development said. First Solar is a leading global provider of photovoltaic (PV) solar systems and has supplied solar panels worth over 20 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…
BHADLA, India—In a dusty northwest India desert dotted with cows and the occasional camel, a solar-power plant is producing some of the world’s cheapest energy. Built in 2018 by India’s Acme Solar Holdings Ltd., it can generate 200 megawatts of electricity, enough to power all the homes in a middle-size Read more…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday proposed to set up large solar power capacity alongside rail tracks, on land owned by Railways. The previously articulated plan will also help the national carrier reduce its power procurement costs. With a requirement of about 12 billion units of electricity a Read more…
New Delhi: India has set up a team to certify all solar power generation equipment makers who want to do business in the world’s largest green energy market. The move aims to boost domestic manufacturing and protect its domestic companies from cheap and sub-standard imports. Manufacturers are lining up for certification as the Read more…
MUMBAI : In September, while speaking at the United Nations Climate Action Summit in New York, Prime Minister Narendra Modi committed to setting up 450 gigawatts (GW) of non-fossil fuel power by 2022. With this, he more than doubled the initial target of 175GW of green energy that his own government had set Read more…
Solar power contracts of three major power plant developers with state-run NTPC Ltd have been cancelled due to delays in regulatory approvals, potentially disrupting India’s clean energy trajectory by knocking 1,400MW off it. These firms had participated in what was the first interstate transmission system (ISTS)-connected solar auction conducted by Read more…
New Delhi: In what may impact India’ green energy trajectory, around 3 giga watt (GW) of solar projects, worth ₹16,000 crore, could be at risk of penalties for missing their project completion deadline if the coronavirus impact prolongs, according to CRISIL. “As per the standard terms of power purchase agreements, non-adherence Read more…