India is likely to have met its target of adding 10,000 watt of solar power generation capacity in the year ended March 2018, thanks to a sudden spurt of installations during the final months of the year (Jan-Mar), going by numbers released by an independent group. According to Mercom India, a consultancy that tracks the […]
India has withdrawn its decision to impose a duty of 7.5% (effectively around 10%) on imports of solar modules, and this could give a shot in the arm for the solar power industry, according to India Ratings. The move could also help achieve the government’s target of achieving total, grid-connected solar power capacity of 100 […]
Industrial equipment maker Bharat Heavy Electricals Ltd said it won its biggest ever solar power plant contract to set up a 75 megawatt farm in Gujarat. The order from Gujarat Industries Power Company Limited (GIPCL) was won against “stiff competitive bidding,” the company said. BHEL has the lion’s share of the power equipment market in […]
Suzlon Energy, one of the pioneers of wind power in India, said it has finished commissioning its entire solar order book of 340 megawatt, and will focus on hybrid solar-wind projects going forward. Out of the 340 MW erected, 210 MW was erected in Telangana, 60 MW in Rajasthan and 70 MW in Maharashtra. The […]
In a move that is likely to benefit thermal power producers and coal manufacturers in India, power minister Raj Kumar Singh today said that efforts are being made to move towards ‘time of day’ tariff system to balance the interest of traditional and emerging power sectors. “We must understand that renewables cannot help us meet […]
India faces steep odds in its race to meet its solar power addition targets for the current year. Last year, the country had added only 5.53 GW of incremental solar power capacity against a target of 6 GW. This year, the target is 10 GW. However, as of November end, it has added only 3.46 […]
The European Investment Bank, the lending arm of the European Union, will invest $200 mln (Rs 1,283 cr) into the Indian solar and power sector via a deal with Yes Bank in order to support the growth of renewable energy in the country. The investment will be routed through a renewable financing program with Yes […]
Anil Ambani Group’s Reliance Capital Indian Renewable Energy Development Agency Limited (IREDA) will make available Rs 300 cr for lending to renewable energy and energy efficiency projects. IREDA is a Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). Reliance Commercial Finance Limited, the company subsidiary that operates […]
Adani Enterprises Limited said it will demerge Adani Green Energy Ltd by cancelling the shares it holds in the subsidiary and issuing new shares directly to the shareholders of the parent company. Shareholders will get 761 shares of the new company for every 1,000 shares they hold in the parent company. They do not have […]
The solar energy revolution may be all about saving the environment, but for the Indian state of Chhattisgarh, it’s impact is more immediate, and life-saving. According to a first-of-its-kind study conducted on primary health centers in the state, PHCs with solar backup admitted 50% more patients and conducted almost twice the number of child deliveries […]
Tata Power said it generated more four times as much power from renewable sources like solar and wind in the financial year ended March, compared to the year before. This was achieved partly due to an acquisition. During the year, its renewable arm Tata Power Renewable Energy Limited completed the acquisition of WREPL which had […]
Even as India more or less sticks to the target on adding large solar farms under its ambitious Solar Mission project, the other leg of the plan — rooftop solar — remains woefully behind target. Under the solar mission, India is supposed to have put in 5,000 megawatt of solar plants on the roofs of […]
India added only 827 megawatt of solar power generation capacity in the first three months of the current financial year, indicating a slow start to the yearly program. The addition of the first three months represents only 8.27% of the 10,000 megawatt that it is supposed to come online this year. According to India’s ambitious […]
The central government has okayed the listing of India’s premier renewable energy agency, IREDA, via an initial public offer. The move will help the non-banking finance company “increase its equity base which will help them raise more debt resources for funding renewable energy projects,” the government said. IREDA supports the non-traditional energy sector by giving […]
India will set a target of adding 34.5 GW of hydro-power generation capacity in the next ten years, according to power ministry sources. “The target for the 13th plan has been set at 13.31 GW and that for the 14th plan will be 21.15 GW,” said a power ministry official. This will take India’s total […]
The government of India said it cannot seek to slow down imports of solar power generation equipment from China as it has to watch out for the interests of Indian consumers as much as those of Indian industrialists. Responding to questions from the opposition in Lok Sabha on why India was not taking action to help the […]
Production of electricity from solar power is all set to rise 75% this year, while that from wind is on track to rise 51%, according to the latest numbers available with the ministry of new and renewable resources, government of India. Despite this, the two will only account for less than 5% of the total […]
The central Indian state of Chhattisgarh has come out as a leader in India’s quest to take electricity to remote villages where grid-based power cannot be supplied due to economical reasons. The state accounts for 550 of the 852 ‘decentralized distributed generation’ schemes set up with central assistance so far, according to data sourced from […]
About a week ago, India witnessed an event that environmentalists in India, and perhaps many across the world, have been waiting for — the achievement of grid parity between solar and coal in India. India depends on coal for meeting about 75% of its power needs. The country accounts for about 7% of the world’s […]
After having met its solar power installation target for last financial year with relative ease, India could end up missing its target for the year ending March 2017. India had around 6 GW of installed solar power generation capacity at the end of March 2016, and by this year, it was supposed to rise to […]
