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…
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…
Kolkata: The Central Electricity Regulatory Commission (CERC) has postponed implementation of real-time power trading by three months to June 1 following requests from the industry. It was scheduled to start from April 1. Real-time power trading involves selling and buying power at the exchanges for same-day delivery. Trading on electronic Read more…
NEW DELHI: Tata Power on Thursday said it has expanded its rooftop solar service to 90 cities across the country. The big rollout from Tata Power comes at a time when consumers across all major categories including commercial, industrial, residential and public sector are adopting solar energy as a reliable and sustainable solution Read more…
BENGALURU: Solar tariffs increased to Rs 2.61 per unit compared with Rs 2.50 per unit in the last auction conducted in February. Vena Energy, Juniper Energy and Tata Power won 40MW, 190MW and 120MW at tariffs of Rs 2.61, Rs 2.63 and Rs 2.64 per unit, respectively in an auction conducted by 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…