The Cabinet Committee on Economic Affairs (CCEA) recently approved an extension to the existing 1,000 megawatts (MW) central public sector undertaking (CPSU) scheme under the National Solar Mission (NSM), taking the cumulative capacity approved under it to 12 gigawatts (GW). The CCEA also approved ₹8,580 crore as viability gap funding to Read more…
After reaching an all-time low of ₹2.75 (for a ₹2 share) on February 5, the price of the Suzlon share has started moving up sharply. On Friday, it closed at ₹6 on the NSE, which was 4.35 percent higher than the previous close. The trigger appears to have been a rumour that the Read more…
India will achieve installed solar power capacity of 70GW by March 2023, ratings company Crisil said, lowering its July estimate of 79GW. The government set a target of 100GW of solar capacity by 2022, against the existing 22GW. The target is growing more distant and the shortfall by which India will miss Read more…
Scientists have designed a metal frame that increases the amount of sunlight captured by a solar cell, enhancing its energy production by almost one-third. The simple, inexpensive and ingenious method could increase solar energy captured for people in developing countries, as well as remote regions that are off the grid, researchers Read more…
The government’s ambitious plan to set up a 7,500 mw (mega watt) solar power project at an estimated investment of Rs 45,000 crore in Jammu & Kashmir’s Ladakh region has whetted the appetite of some 50 topline companies, even as tariff emerged as the key concern. Prospective investors, including major Read more…
Industry players have sought more time from the Solar Energy Corporation of India (SECI) to complete their site visits in Leh and Ladakh districts, where the government plans to set up solar parks with capacity of 7,500 MW. The pre-bid meeting on the mega tender was attended by 51 companies Read more…
PTC Financial Services (PFS) is setting up India’s first infrastructure development debt fund, solely for renewable energy projects, in partnership with UK Climate Investments LLP (UKCI) and Department for International Development (DFID), UK. The company has raised Rs 400 crore from State Bank of India under the credit enhancement scheme, enabling it to raise bonds worth Read more…
Delhi has already turned into a “gas chamber” and many other Indian cities aren’t much better. Quality of life is being compromised nationwide by oppressive levels of air pollution. Meanwhile, the imbalance of payments caused by expensive oil imports has caused the rupee to descend to record levels. Yet this Read more…
The drop in renewable energy tariffs in India is one of the true success stories of the last few years. From around ₹10-12/kWh in 2010, solar tariffs have come down to ₹2.5-3/kWh. Wind tariffs have fallen from ₹4.5-5/kWh to a similar range as solar. There is no longer any doubt that renewables are Read more…
The country’s total solar power generation capacity, including 3.85 gigawatt (GW) rooftops, stood at 28.05 GW while 17.65 GW was under implementation as on December 31, 2018, according to a report by Bridge To India (BTI). The quarterly market report, titled ‘India Solar Compass Q4 2018’, gives a detailed analysis of Read more…