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    India to Build First Offshore Wind Power Project

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    According to reports, India’s federal government signed an agreement with state-run agencies to build the nation’s first offshore wind power project off the coast of Gujarat, Prime Minister Narendra Modi’s home state. The 100-megawatt project will receive financial support from the government, including for studies and environmental evaluations. Power transmission will also be subsidized, the Press Information Bureau said in a statement today. It didn’t give a time frame for when the studies and project will be completed. Modi plans ... Read More »

    Rajasthan Solar policy revised to achieve target

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    According to reports, to achieve the target of 25,000 mega watt (MW) production of solar power in next five years, the state government has finalized amendments in Rajasthan solar policy, 2011. The revised version is likely to be announced and implemented in first week of October. Among the major changes, the policy will now have a provision of allowing land owners to lease the land for solar producers for a period of 30 years. This period can be extended for ... Read More »

    New policy in works to push green power

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    According to reports, the government will soon come up with a renewable energy policy and a legislation to streamline generation in a hard push to achieve its target of 1 lakh mw solar and wind power output in five years. There is also a plan to seek a €¤1 billion soft loan from Germany to promote rooftop solar plants. A concrete policy on the new legislation will be put in place by February next year ahead of a renewable energy ... Read More »

    Renewable Energy Ministry targets 100,000 MW capacity in next 5 years

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    According to reports, the Ministry of New and Renewable Energy has set a target of reaching 100,000 MW generation capacity for the sector in the next five years, said Upendra Tripathy, Secretary, MNRE, here today. “This target would include both off grid and on grid generation for both wind and solar energy,” said Tripathy adding that to meet the target an investment of $35 billion would be required annually. Currently, India gets ‎$6 billion investment in the renewable energy sector ... Read More »

    Modi visit to give Indian green energy $1-bn push

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    According to reports, the clean energy sector in India will be one of the first sectors that would benefit during Prime Minister Narendra Modi’s US trip. The sector awaits investments worth about $1 billion from US companies. To finance sourcing of components from the US for Indian renewable power project developers, IREDA (Indian Renewable Energy Development Agency) and the US Exim Bank would sign an agreement. The financing would span over 18 years. Officials close to the development said the agreement ... Read More »

    First Renewable Energy Global Investment Promotion Meet & Expo to be held in February 2015

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    According to reports, as a follow-up to the ‘Make in India’ initiative launched by the Prime Minister, the Ministry of New and Renewable Energy ( MNRE) has announced organisation of the First Renewable Energy Global Investors Meet & Expo (RE – INVEST) on 15-17 February, 2015 in New Delhi. The central theme of the meet is to attract large scale investments in the renewable energy sector in India. The event is proposed to be inaugurated by the Prime Minister Shri. ... Read More »

    Royal DSM inaugurates Solar Technologies Demonstration Center in India

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    According to reports, Royal DSM, the global life sciences and materials sciences company, today inaugurated its Solar Technologies Demonstration Center at the DSM Engineering Plastics facility in Pune. The facility will reduce the plant’s carbon dioxide footprint by using the renewable energy generated by the solar plant to meet 25% of the site’s electricity needs. The state-of-the-art solar technology center has been built to demonstrate and showcase the performance of DSM’s innovations in solar technology. Oscar Goddijn, Vice President, DSM ... Read More »

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