Mumbai: The ministry of new and renewable energy is set to cap India’s solar power tariffsat ₹ 2.5 and ₹ 2.68 per unit for developers using domestic, and imported solar cells and modules, respectively, according to an internal note reviewed by Mint. In the letter dated 24 August, Dilip Nigam, an adviser with National Solar Mission, Read more…
Mumbai: India will not be able to achieve its ambitious target of generating 100GW solar power by 2022, ratings agency Crisil said. In a report, Crisil’s industry research arm said that in the best-case scenario, the country will touch 78-80 GW, against the current capacity of 21.65 GW. Crisil expects Read more…
Mahindra Susten, the renewable business arm of Mahindra group, has got binding offers from CLP India and the Piramal Group for its 160 megawatts (MW) solar assets, said two people aware of the development, requesting anonymity. “Both parties have completed due diligence of the assets and submitted binding offers for Read more…
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 : 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…
American solar panel maker First Solar is exploring a potential sale of around 45 megawatts (MW) of its solar power assets in India, two people aware of the development said. First Solar is a leading global provider of photovoltaic (PV) solar systems and has supplied solar panels worth over 20 Read more…
New Delhi: India is considering a new tender to develop solar power equipment manufacturing that doesn’t include a requirement to also generate electricity, a move aimed at sparking investor interest, according to people with knowledge of the plan. In addition to separating manufacturing of solar cells and modules from generation, the Read more…