The domestic solar power capacity addition is expected to be nearly 7-7.5 GW (including around 1 GW of rooftop solar capacity) in FY2020, based on tendering and awards of projects in the last 12-15 months. Interestingly, solar capacity addition is estimated to have remained subdued at around 6-6.5 GW in Read more…
The delay in the launch of the solar irrigation pump scheme which the Centre announced in the previous Budget has left States like Bihar with no option but increase diesel subsidy offered to their farmers. The Nitish Kumar-government in Bihar received nearly 23 lakh applications for diesel subsidy from farmers Read more…
Leading infrastructure investor Global Infrastructure Partners (GIP) is in advanced negotiations to buy the solar portfolio of RattanIndia Power Ltd (formerly India Bulls Power) for an enterprise value of about $300 million (Rs 2,000 crore), multiple people aware of the development told ET. “Due diligence of solar assets by GIP Read more…
Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd or Petronas on Monday said it has acquired Amplus Energy Solutions Pvt. Ltd, one of India’s largest rooftop solar power producers. The ₹2,700 crore deal, which is expected to be completed later this month, marks Petronas’ foray into the global clean energy Read more…
Singapore-based AM International Holdings, the holding company of SPIC and Manali Petro, has announced its foray into renewable energy by setting up a floating solar power plant. Ashwin Muthiah, founder chairman of AM International Group, laid the foundation stone for the 24 MW floating solar power plant at SPIC’s Thoothukudi Read more…
Wind energy developers were surprisingly lukewarm to the auction of 1,200 MW of projects offered by the Solar Energy Corporation of India (SECI), with techno-commercial bids of only half the capacity on offer. SECI confirmed the development. Most SECI auctions are usually oversubscribed. Its last wind auction of 1200 MW Read more…
To give a big push for rooftop solar panel installations, the Central government has increased subsidy from the current 30 percent to 40 percent, a move which will be boosted rooftop solar capacity in Telangana, says N Janaiah, VC & MD, TSREDCO. According to him, Telangana has a commissioned capacity Read more…
In a bid to save energy and electricity, the Delhi metro Rail Corporation (DMRC) will run metro trains powered by the solar energy as the DMRC has started receiving solar power from the Rewa Solar Power Project from Thursday. On the first day, the corporation received 27 Mega Watts (MW) Read more…
Tamil Nadu-based renewable energy company Leap Green Energy Pvt. Ltd is in talks with foreign investor EIG Partners to raise around $200 million through structured debt, said two people aware of the development. Leap Green, founded in 2006, is promoted by former Formula 1 driver Narain Karthikeyan’s family. Mint first reported in Read more…
Children from poor families in sub-Saharan Africa have been able to swap cleaning up cowpats for lessons thanks to a solar power project that rewards parents for sending them to school. South Korean solar firm Yolk has designed a cow-shaped solar power station for schools that can be used to Read more…