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    India’s Largest Solar Power Auction Brings Further Drop in Costs

    According to reports, India’s biggest auction for solar energy yet brought a further reduction in prices, with companies such as SkyPower Ltd. of Canada and SunEdison Inc. of the U.S. competing with local firms. Acme Cleantech Solutions Ltd. and Mytrah Energy Ltd. emerged as the top winners in bids to build 2,000 megawatts of solar farms in the southern state of Telangana. Together, they reaped 763 megawatts of contracts. The result showed progress in Prime Minister Narendra Modi’s goal to ... Read More »

    IFC raises Rs315 crore to invest in Yes Bank green bonds

    According to reports, International Finance Corp. (IFC) on Tuesday said it has raised Rs.315 crore (about $49.2 million) to invest in the so-called green bonds issued by Yes Bank Ltd. The World Bank’s arm said it will be the first green bond to be listed overseas. The bonds will listed on the London Stock Exchange (LSE). “IFC will invest the proceeds of the bond in a green bond issued by Yes Bank, (which) will invest the proceeds of its bond ... Read More »

    HSBC India plans to launch ‘green bonds’ this year

    According to reports, HSBC India is planning to launch ’green bonds’ this year to enable fund raising for investments in projects with environmental benefits, the private sector bank’s Chairman Naina Lal Kidwai said on Monday. “HSBC is the world’s fourth largest issuer of green bonds. We are big player. We are working to get this in India. We are working with key authorities on this issue. Most probably we will launch this year,” Kidwai told reporters on the sidelines of ... Read More »

    About 35,000 solar water pumps installed in India against the 1,38,267 sanctioned

    According to reports, as many as 34,941 solar water pumps have been installed so far in the country as against the 1,38,267 sanctioned , Parliament was informed today. “A total of 1,38,267 solar pumps have been sanctioned throughout the country and 34,941 pumps have been installed,” New and Renewable Energy Minister Piyush Goyal said in a written reply to Rajya Sabha. Goyal said that the ministry has issued supplementary guidelines for one lakh solar pumps during 2014-15 fiscal and Rs ... Read More »

    Getting wind energy to work in India

    According to reports, India is the fifth largest producer and consumer of electricity after the US, China, Japan and Russia. But our per capita consumption (957 kWh) is among the lowest. China’s is 4,000 kWh, while in developed countries it is close to 15,000 kWh. India needs faster economic growth for improving quality of life and increasing opportunities for development. As of May, 19,706 villages did not have access to power and about 700 million people use biomass as their ... Read More »

    Maharashtra: Govt plans first canal-top solar power project in at Jalgaon

    According to reports, the state government is planning to set up the state’s first grid-connected canal top solar power project in Maharashtra on the Waghur project at Jalgaon. The 7.5 MW solar photovoltaic power plant will be installed on the left bank canal of the dam with private participation with various revenue and power sharing models being looked at. To overcome the resistance of locals for land acquisition and harness the state’s solar energy potential to the optimum, Maharashtra’s new renewable ... Read More »

    As rooftop solar unit costs dip, recovery time shrinks to 5 yrs

    According to reports, sunny days could be here for rooftop solar units. If you invest in such a power plant on top of your business establishment today, and connect it to a grid, you could recover its cost in just four to five years, developers say. For a residential unit, the wait would be just a little longer — six to seven years — as commercial ones enjoy higher tariffs and tax benefits. Given that rooftop solar units run for ... Read More »

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