Agriculture is the main source of livelihood in rural India, contributing to food security. Two-thirds of the total irrigated area in India uses groundwater pumping, powered by more than 2 crore electric and 75 lakh diesel pumps. Thus, agriculture is a major consumer of electricity, accounting for nearly one-fifth of Read more…
Leading infrastructure investor Global Infrastructure Partners (GIP) is in advanced negotiations to buy the solar portfolio of RattanIndia Power Ltd (formerly India Bulls Power) for an enterprise value of about $300 million (Rs 2,000 crore), multiple people aware of the development told ET. “Due diligence of solar assets by GIP Read more…
Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd or Petronas on Monday said it has acquired Amplus Energy Solutions Pvt. Ltd, one of India’s largest rooftop solar power producers. The ₹2,700 crore deal, which is expected to be completed later this month, marks Petronas’ foray into the global clean energy Read more…
In its commitment to renewable energy, India had set an ambitious target of setting up an additional installed capacity of 175 Gigawatt (GW) through renewable energy by 2022. Of this target, 100 GW has been apportioned for solar photovoltaic (PV), out of which further 40 GW target has to be Read more…
Shri Moon Kalita lives with his wife and two children in a small settlement close to the banks of the Brahmaputra River in upper Assam. Depending heavily on costly kerosene for lighting in the evening, he has been considering for quite some time to buy a small solar home system Read more…
The Gujarat government has launched a solar power scheme for farmers—Suryashakti Kisan Yojana (SKY) enabling them to generate electricity for their captive consumption as well as sell the surplus power to the grid and earn an extra buck. Announcing the pilot project of the scheme in Gandhinagar, Chief Minister of Read more…
Amid gloom-and-doom predictions on the impact of climate change, a global research study has, for the first time, projected that a global transition to 100% renewable energy is possible by 2050 across all sectors, including power, heat generation, transport and desalination, provided there is political will to achieve it. The Read more…
Waaree Energies Ltd, which has been primarily in solar PV module manufacturing, is now witnessing a steady rise in business from rooftop solar projects. According to Nitin Kapadnis, Senior Vice-President, Franchise, Waaree Energies, solar module accounts for nearly 85 per cent of its total business. The remaining 15 per cent Read more…
L&T, which builds solar power plants for energy companies, among other things, is working on enhancing services with its own robotised module cleaning system and containerised storage solutions. As part of ‘L&T Construction’, a division of Larsen & Toubro Ltd, the company is an active player in the ‘solar EPC’ Read more…
BEIJING: China will halt subsidies for new offshore wind power and concentrated solar power (CSP) projects and adopt a green certificate quota trading scheme from next year, the country’s Ministry of Finance said. The move comes as China, whose renewable power installations make up about 41 per cent of total Read more…