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…
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…
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…