New Delhi: Finance Minister Nirmala Sitharaman on Saturday proposed to set up large solar power capacity alongside rail tracks, on land owned by Railways. The previously articulated plan will also help the national carrier reduce its power procurement costs. With a requirement of about 12 billion units of electricity a Read more…
New Delhi: India has set up a team to certify all solar power generation equipment makers who want to do business in the world’s largest green energy market. The move aims to boost domestic manufacturing and protect its domestic companies from cheap and sub-standard imports. Manufacturers are lining up for certification as the Read more…
MUMBAI : In September, while speaking at the United Nations Climate Action Summit in New York, Prime Minister Narendra Modi committed to setting up 450 gigawatts (GW) of non-fossil fuel power by 2022. With this, he more than doubled the initial target of 175GW of green energy that his own government had set Read more…
Solar power contracts of three major power plant developers with state-run NTPC Ltd have been cancelled due to delays in regulatory approvals, potentially disrupting India’s clean energy trajectory by knocking 1,400MW off it. These firms had participated in what was the first interstate transmission system (ISTS)-connected solar auction conducted by Read more…
New Delhi: Power project developers in India, sourcing solar modules from China, plan to declare force majeure on meeting project completion deadlines because of supply disruptions caused by the coronavirus outbreak, multiple people aware of the development said. Chinese vendors have alerted Indian developers about delays in production, quality checks and transport Read more…
New Delhi: In what may impact India’ green energy trajectory, around 3 giga watt (GW) of solar projects, worth ₹16,000 crore, could be at risk of penalties for missing their project completion deadline if the coronavirus impact prolongs, according to CRISIL. “As per the standard terms of power purchase agreements, non-adherence Read more…
Solar power developers in India are crying foul over the government’s move to raise tariffs on imports of green energy equipment such as solar cells and modules in the budget. The step is aimed at driving local manufacturing of such equipment and discouraging low-quality Chinese imports but companies believe the Read more…
New Delhi: With Chinese vendors alerting Indian developers about delays in production, quality checks and transport of components due to the coronavirus outbreak, Indian solar industry captains believe there is an opportunity in this crisis. Modules account for nearly 60% of a solar project’s total cost. Chinese companies dominate the Read more…
Ratings agency Icra on Monday said the outbreak of deadly coronavirus poses concern for domestic solar developers and original equipment manufacturers (OEMs) due to disruption in supply chain for key components used for manufacturing solar modules. The solar energy sector is already facing several headwinds because of the long delays Read more…
BHADLA, India—In a dusty northwest India desert dotted with cows and the occasional camel, a solar-power plant is producing some of the world’s cheapest energy. Built in 2018 by India’s Acme Solar Holdings Ltd., it can generate 200 megawatts of electricity, enough to power all the homes in a middle-size Read more…