New Delhi: Covid-19 is expected to deliver a big blow to the power sector as distribution companies have stopped payments to power producers as state electricity departments are not taking coercive actions to recover bills from consumers. This has put a question mark on recovery of payments from the current Read more
NEW DELHI: GAIL has entered exclusive discussions to buy a stake in privately owned solar power generator ACME Solar holdings, according to four people aware of the matter. The state-owned company formerly known as Gas Authority of India is said to be carrying out due diligence on solar power plants Read more
NEW DELHI: The country’s rooftop solar energy capacity stands at 1,922 mega watt (MW) and so far over Rs 1,874 crore has been released as central financial assistance towards installation of capacities in the sector, Parliament was informed on Tuesday. Till March 13, 2020, rooftop solar power plants of an Read more
Indian green power firms can no longer take for granted that the tariffs at which they won projects in auctions will actually be adopted, Ranjit Gupta CEO of solar developer Azure Power told ET, citing it as a challenge for the sector. The New York-listed firm was a pioneer in Read more
The Government has approved launch of new scheme for farmers for installation of solar pumps and grid connected solar power plants, with an objective of providing financial and water security to farmers. The scheme consists of three components: Component-A: 10,000 MW of Decentralized Ground Mounted Grid Connected Renewable Power Plants. Read more
While solar projects take lots of land and using barren land is difficult as the land available is in isolated areas, a new trend and a large number of agriculture farms are looking for solar plants to meet their requirements. There is a growing interest among agriculture farm owners to Read more
In the recent guideline issued by MNRE for bidding mechanism for procurement of solar and wind power, MNRE has removed the tariff cap for reverse bidding in the solar and wind project. This will be adopted in all upcoming future bids for solar and wind power project. The detail can Read more
NEW DELHI: The Ministry of New & Renewable Energy (MNRE) on Thursday postponed the 3rd Global Renewable Energy Investors’ Meet, which was to be inaugurated by Prime Minister Narendra Modi on October 30. The ministry did not specify the reason for postponing the meet. It said fresh dates would be Read more
Ministry of New and renewable Energy (MNRE) has drawn a scheme to set up number of solar parks across various states in the country, each with a capacity of Solar Projects generally above 500 MW. The Scheme proposes to provide financial support by Government of India to establish solar parks Read more
India needs a whopping USD 2.64 trillion investment to meet the UN’s sustainable development goals (SDGs), offering the private sector an investment opportunity of over USD 1.12 trillion by 2030, according to a report. India needs a whopping USD 2.64 trillion investment to meet the UN’s sustainable development goals (SDGs), Read more