Lockdown due to COVID-19 to be treated as Force Majeure Ministry of New and Renewable Energy (MNRE) has said that the Renewable Energy implementing agencies may grant extension of time for RE projects, on account of lockdown due to COVID-19, equivalent to the period of lockdown and additional 30 (thirty) Read more…
Ministry of New &Renewable Energy(MNRE)has recently issued office memorandum extending the effective dates for implementation of Approved Lists of Models & Manufacturers (ALMM) for Solar PV modulesand Solar PV cells to 30th September 2020, which was earlier 31.03.2020, due to COVID-19 pandemic. With the objective of building energy security for the country and Read more…
India’s bid to protect its solar-equipment makers by imposing a safeguard duty on cheap, Chinese imports has failed, according to domestic manufacturers, who are campaigning for tougher measures. The country last year imposed a 25% tariff on solar cells and modules imported from China and Malaysia for two years. That Read more…
Before the Paris climate summit, India had pledged to increase its share of non-fossil fuels to 40% of the total power generation capacity by 2032. India has an ambitious plan to add 100 gigawatts (GW) of solar power by 2022. Keeping in mind India’s high import dependence and chronic energy Read more…
Mumbai: The country’s capacity addition in generating solar power will fall by 40% to about 4-4.5 GW in FY19 from about 7.5 GW in FY18, credit rating agency ICRA has estimated in a report, attributing this to fewer tenders by state governments and uncertainty in the industry over the impact of Read more…
India recently conducted two auctions for wind/solar hybrid projects. Both the auctions were under-subscribed, with bids totalling 1.56GW awarded to SB Energy, Adani Green Energy and ReNew Power, against a total of 2.4GW on offer. The discovered prices were marginally below the ceiling tariff of ₹2.70. Although the initial response from Read more…
MUMBAI : Essel Infraprojects Ltd, a part of the Subhash Chandra-led debt-laden Essel Group, has agreed to sell about 310 megawatts (MW) of solar energy assets to the Adani Group at a valuation of ₹1,800-2,000 crore, said two people aware the development. This would be the third sale for Essel Infra, which Read more…
BENGALURU : Walmart Inc. on Tuesday sued Tesla Inc., accusing it of “widespread negligence” that led to repeated fires of its solar systems and asking a court to force Tesla to remove solar panels from more than 240 of its US stores. Solar energy systems installed and maintained by the electric car Read more…
Geneva: India on Thursday won a major trade dispute against the US at the World Trade Organization, with a dispute settlement panel pronouncing that subsidies and mandatory local content requirements instituted by eight American states breached global trade rules. In a significant 100-page report, the three-member panel largely upheld India’s claims Read more…
New Delhi: State-run engineering firm BHELon Sunday said it has won two orders worth ₹800 crore for setting up solar energy capacity of 200 MW, and its solar photovoltaic portfolio has touched 1,000 MW mark with these orders. Valued at over ₹800 crore, the orders have been secured from the state-run power giant NTPC Ltd and Read more…