Accelerated depreciation is a method of depreciation used to depreciate the assets in a manner that greater deductions are allowed in the first few years. Accelerated depreciation can reduce costs during a company’s start up year. By increasing the deductions taken during the first few years of business, you will Read more
Having a solar PV system requires one to conduct an annual inspection of the system, usually before summer. But in general, there are no costs incurred for wear and tear of materials, except the PV inverter with expected 10-15 years operating time. Damages to the components are generally low. In Read more
Proper maintenance ensures that solar system life is preserved for as long as possible and the original conditions of the system are sustained while compensating for normal wear and tear. Solar systems require little maintenance as compared to other electric systems such as diesel generators; however, they are not maintenance-free. Read more
To get a Solar PV system installed, it is important to understand the various components and factors that are in play.Given the size of the investment, it is absolutely crucial to know everything about the product and its specifics, so better decisions can be made when it comes to making Read more
The Government of India has set an ambitious target of installation for Grid Connected Rooftop Solar Photovoltaic projects for 40 GW out of the total target of 175GW . PNB has availed a line of credit of $ 500 Million from Asian Development Bank for financing Rooftop Photovoltaic Solar Power Read more
Indian Railways plans to use its surplus land along the tracks to generate 20-gigawatt production capacity of renewable energy, enough to power the entire Railways, said Piyush Goyal, Minister of Commerce & Industry, and Minister of Railways. “[however] we may need to expand our battery storage or form the storage Read more
New Delhi: Worksport has announced the global launch of a tonneau cover that generates electricity with solar energy to electrify conventional trucks and soon provide a meaningful charge for forthcoming electric pickups and other light trucks. The add-on solar accessory named TerraVis is a highly advanced fusion of solar engineering, technology, and design for light-duty pickup trucks, Read more
New Delhi: Prime Minister Narendra Modi today called for concessional financing and less-risky funds for solar projects to raise the share of solar power in the energy basket, provide cheaper electricity and cut carbon emissions. Speaking at the founding conference of the International Solar Alliance (ISA), he said India will generate Read more
Gujarat State Electricity Corporation Limited (GSECL) has invited bids to set up an aggregate 110 MW of grid-connected solar power plants in the Indian state of Gujarat ranging in size from 10 MW to 55 MW across three substations operated by Gujarat Energy Transmission Corporation Limited (GETCO). The project sites Read more
Coal tar derivatives company Epsilon Carbon on Monday said it is planning to invest Rs 500 crore over the next five years to manufacture graphite anode materials for lithium-ion batteries, marking its foray into battery material business. The battery material business will be housed under a new subsidiary, Epsilon Advanced Read more