PTC Financial Services partners UKCI, DFID for India’s first green fund

PTC Financial Services (PFS) is setting up India’s first infrastructure development debt fund, solely for renewable energy projects, in partnership with UK Climate Investments LLP (UKCI) and Department for International Development (DFID), UK. The company has raised Rs 400 crore from State Bank of India under the credit enhancement scheme, enabling it to raise bonds worth Read more…

Poor implementation of net-metering policies poses a major challenge for rooftop solar: Bridge to India

KOLKATA: Grid interconnection regulations and processes remain challenging in most parts of India despite almost all states announcing net- and gross-metering policies for rooftop solar.This is despite, India’s rooftop solar market growing rapidly with the country adding more capacity in the past 12 months than all previous years put together.According Read more…

Bescom’s net-metering programme: Utility allows generation of solar power; glitches mar year-old project

BENGALURU: Bescom’s net-metering programme, which allows people to generate solar energy on their rooftops and export the surplus to the electricity grid, took off with great pomp last October. One year later, the city power utility’s ambitious scheme is facing serious teething troubles. Of the 900 applications Bescom received for Read more…