Visakhapatnam: In keeping with the initiative of the Central government to promote solar energy, a two megawatt solar photovoltaic plant was commissioned at INS Kalinga here. Flag Officer Commanding-In-Chief, Eastern Naval Command Vice Admiral Atul Kumar Jain commissioned the plant set up as part of the Centre’s objective to achieve 100 GW of solar power by 2022 as part Read more
Adani Green Energy Ltd said on Tuesday it had won a government contract to build solar plants in India with a total capacity of 8 gigawatts (GW) at a cost of $6 billion over the next five years. The renewable energy developer, part of the Adani Group, said the first 2 GW of Read more
Firstgreen webinar on Bankability and financing of solar projects Firstgreen regularly hosts webinars to solar industry professionals to share the latest developments in the solar sector. This webinar is aimed on bankability & financing for solar projects. Many projects in India struggle to raise the non recourse debt for their Read more
In Leasing model, the contracting party may either make available space on his or her property for installation of a PV system without the right or obligation to consume the electricity generated and be remunerated at a certain leasing rate, or may enable installation of a PV system on the Read more
Successful Solar house system implementation requires collaboration among various parties. Profit, quality of life and social benefit are the driving forces for stakeholders. Key stakeholders in worldwide residential PV expansion are described in the following. Stakeholders Function Private owner or community User of residential PV system, initiator and organiser of Read more
As no Central financial subsidy is now available for commercial and industrial sectors, MNRE initiated the proposal for multilateralconcessional loans from the World Bank (WB), Asian Development Bank (ADB) and New Development Bank (NDB) to support RTS project developers. All the three multilateral banks have approved proposal for$1370million concessional loans Read more
In India principally there are two major business models:1. Capex: Capital expenditures are provided by the rooftop owner;2. Resco: Capital expenditures are covered by third party. CAPEX Model CAPEX mode is the most common business model for solar deployment in India. In this model the consumer purchases the solar system, Read more
Under this arrangement, the RESCO developer leases the rooftop and pays a fixed lease/rental to the building owner over the time of the lease period for installing the solar panels of the rooftop. The RESCO developer exports the solar energy to the utility at a predetermined feed-in-tariff (FiT) approved by Read more
MNRE provides Central finance assistance (CFA) of 30 per cent of the benchmark cost for grid-connected rooftop projects. (The benchmark cost for 2019-20 for systems up to 10 kWp is INR 54,000 per kW; for >10–100 kWp it is INR 48,000 per kW; and for >100–500 kWp is 45,000 per Read more
Under the CAPEX model (pursued by developers like Sukam, Moserbaer and Tata Power Solar), a consumer purchases a solar rooftop plant like any other electronic gadget by investing in the entire system. The drawback of the model is that rooftop owners have to pay for the entire project at the Read more