The Centre has introduced a financial incentive for states and tweaked its policy to address two major issues plaguing solar park developers — shortage of land and lack of transmission facility. States will earn Rs 0.02 for every unit of power produced at the solar parks, irrespective of where it Read more
Solar power for the first time in India made over 50% power capacity addition in 2018 although GST, safeguard duty, and land and transmission issues took a toll on large-scale power installation to whose effect the overall Indian solar market was down 15.5% in FY18, according to Mercom India Research’s Read more
Managing Director of the Solar Energy Corporation of India (SECI), Shri Jatindra Nath Swain, inaugurated the 1.2 MWp solar power project at Akal University in Bathinda on April 6, 2019. In his address, Mr Swain said that this solar project, which is the largest for any rural educational institution, displays Read more
State-owned gas utility GAIL India Ltd has signed an agreement with Bharat Heavy Electricals Ltd (BHEL) for cooperation in the development of solar power projects. “GAIL shall be the project developer and BHEL shall act as an engineering, procurement, construction, and project management contractor,” the company said in a statement. Read more
Delhi Metro trains will now also run on solar power as the Delhi Metro Rail Corporation (DMRC) has received 27 MW power from the Madhya Pradeshbased Rewa Solar Power Project. This will also be the first time when the DMRC will be receiving power from an ‘offsite source’. “Till now, Read more
To address and ensure quality of solar components across India’s solar power ecosystem, the Ministry of New and Renewable Energy (MNRE) has floated a draft quality control order for Solar Thermal Systems. The Standardization specifics are in accordance with the Bureau of Indian Standards (BIS) guidelines. The ministry has already Read more
Agriculture is the main source of livelihood in rural India, contributing to food security. Two-thirds of the total irrigated area in India uses groundwater pumping, powered by more than 2 crore electric and 75 lakh diesel pumps. Thus, agriculture is a major consumer of electricity, accounting for nearly one-fifth of Read more
Mytrah Energy India Pvt Ltd (MEIPL), an independent producer of renewable energy, is in advanced stages of talks for divestment of stake. According to unconfirmed reports, Brookfield Asset Management Company Inc of Canada, an active investor in various sectors in India, is engaged in parleys with the company to invest Read more
Debt-laden Infrastructure Leasing & Financial Services (IL&FS) Monday said GAIL (India) has emerged as the highest bidder for its seven operating wind power plants. The bidding process to these assets having 12 sites spread across seven states was launched in November last year. “Gail’s offer of approximately Rs 4,800 crore 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