Tuticorin Port Trust, Govts of M P and Odissa express keen interest Ministry initiates moves to attract investments by Firms shifting base from China Major Policy Changes brought in to incentivise the RE equipment manufacturing for domestic use and exports The Ministry of New and Renewable Energy(MNRE) has initiated action Read more
NHPC, a CPSU under Union Ministry of Power successfully conducted the e-reverse Auction(ERA) on 16.04.2020 for the 2000 MW Grid Connected Solar PV Project to be set up anywhere in India. The auction was held in presence of Shri A.K Singh, CMD, NHPC and Shri Y.K. Chaubey, Director (Technical). In 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 Group will sell 205 megawatt (MW) of its operational solar energy assets to Adani Green Energy Ltd at an enterprise value of ₹1,300 crore, the two companies said. An Essel Group statement said the assets are in Punjab, Karnataka and Uttar Pradesh and have long-term power purchase agreements (PPAs) with various state-owned power Read more
KOLKATA : No country has ever progressed without development in science and technology, said Prime Minister Narendra Modi as he urged the scientific community to look for ways to boosting solar energy and develop electric mobility across the country. Modi was addressing the 5th India International Science Festival (IISF) in Kolkata as he inaugurated the Read more
NEW DELHI : India is considering building 30 gigawatts of renewable energy capacity along a desert on its western border known for its sunny, windy and arid expanse, according to people familiar with the plan. The projects, which will be spread across the states of Gujarat and Rajasthan, are part of efforts to Read more
New Delhi: In a renewed push to cut India’s dependence on fossil fuels, the central government wants state-run companies to build massive clean energy parks at a cost of around $2 billion each, with built-in incentives to ensure states and operators are invested in the success of the parks. The proposed ultra mega Read more