NTPC to build 520 MW hydro power projects in Himachal Pradesh

NTPC Ltd, formerly known as National Thermal Power Corporation, took another step in its journey towards reducing its dependence on coal-fired plants by signing an agreement to develop two hydropower stations with a combined capacity of 520 MW. The two projects, for which NTPC has signed agreements with the Himachal Pradesh government, can be classified […]

India misses FY19 Solar Power target by 58%

India has missed its solar power target by a whopping 58% in the year gone by, according to the latest numbers from the ministry of renewable energy or MNRE. India was supposed to add about 16,000 megawatt (16 gigawatt) of fresh solar power generation capacity in the year ended March 2019. However, it added only […]

Tata Power gets 25-year deal to supply solar power to Gujarat

Tata Power said it received a contract from Gujarat Urja Vikas Nigam Limited to develop a 100 MW solar project in Raghanesda Solar Park of Gujarat . The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA) valid for a period of 25 years from the scheduled commercial operation date. The Company […]

Maruti Suzuki to set up Solar Power Plant in Gurugram facility

Automobile manufacturer Maruti Suzuki said it has laid the foundation stone for a 5 MW Photovoltaic solar power plant at its manufacturing facility in Gurugram. The solar plant is likely to be commissioned in FY 2019-20, Maruti Suzuki said. Maruti Suzuki said that it will invest around Rs 24 crores and will offset carbon dioxide […]

Solar power sector sees revival in Feb after downturn due to duties

Solar auction activities garnered speed in February after a disappointing performance in January, according to Mercom India, an agency that tracks the solar power sector in India. About 2.7 GW of solar power was auctioned in February, which is 800 MW more than what was auctioned in the same month last year, the firm said. […]

Cabinet okays incentive scheme for battery manufacturing in India

The government of India today approved a scheme to give incentives to companies that want to manufacture batteries in India. Briefing media after a cabinet meeting, IT minister Ravi Shankar Prasad said: “We have taken a big step to give incentives under the Make in India program to encourage the manufacturing of batteries.” The move […]

BHEL starts rolling out solar EV chargers along Delhi-Chandigarh highway

Bharat Heavy Electricals Limited, which makes heavy electrical equipment, said has started rolling out a network of electric vehicle charges on the Delhi-Chandigarh Highway. The first such charger was inaugurated today at Ethnic India Resort in Rai in Sonepat district of Haryana. The chargers will be powered entirely by solar technology and will cover entire […]

23 GW of solar parks sanctioned in India, Gujarat No.1

Gujarat, Rajasthan and Andhra Pradesh are emerging as the top destinations for large, utility scale solar projects in India, according to numbers from the Minister of New and Renewable Energy. According to data for Government of India’s “Solar Parks and Ultra Mega Solar Power Projects” scheme, Gujarat ranked as the state with the highest number […]

BSES, partner suggest bill-based financing of rooftop solar projects

Households owning rooftop solar systems could save up to 95 per cent on their electricity bills, according to an independent study by Council on Energy, Environment and Water (CEEW) and BSES Yamuna Power Limited . Solar system costs have declined by 27 per cent, year-on-year, over the last three years, making rooftop solar a lucrative […]

India meets solar mission target for FY18 thanks to year-end push

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 withdraws import duty on solar modules within months of imposition

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 […]

BHEL wins its largest solar contract at 75 MW

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 completes execution of solar orders; to focus on solar+wind hybrid farms

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 […]

Coal, thermal power to benefit from introduction of ‘Time of Day’ tariffs in India

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 […]

SOLAR MISSION: It’s another nail-biter for India in 2017-18

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 […]

EU to invest Rs 1,300 cr in India’s solar and wind power via Yes Bank

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 […]

Reliance Capital to get Rs 300 cr from IREDA for lending to renewable sector

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 to demerge and list solar business

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 […]