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    Poor response from central PSUs for MNRE’s solar scheme

    According to reports, the Ministry of New and Renewable Energy (MNRE) has re-issued a notification relating to a viability gap funding scheme meant for ‘central public sector undertakings and government of India organisations’ for putting up solar projects. The scheme was announced in January, but out of the total capacity of 1,000 MW on offer, only half has been allocated so far. On January 16, the MNRE launched the scheme that promised to grant Rs. 1 crore per MW as ‘viability ... Read More »

    Adani eyes Tamil Nadu for solar park

    According to reports, Adani Power is planning to set up a solar park in Tamil Nadu. The proposed park will have a solar-based power generating capacity of around 1,000 mega watt (Mw) and would involve an investment of around Rs 7,000 crore. While an email and messages sent to Adani’s spokesperson did not elicit any response, the company’s PR agency responded saying Adani’s spokesperson would not like to comment on the story. Meanwhile, a state government official and sources in ... Read More »

    French-aided solar park likely

    According to reports, with considerable French investment in India in the area of solar energy, Puducherry could also figure among places where French companies set up solar parks, said French Ambassador to India, François Richier at a conference on climate change held on Friday. Organised by the Alliance Francaise in Puducherry, the conference, ‘Tackling Climate change for greener growth: global endeavour, local solutions’, was aimed at outlining the main objectives of the United Nations Climate Change Conference COP21 which will ... Read More »

    WB gives Rs 2,500 cr loan for improving AP power efficiency

    According to reports, the World Bank has agreed to provide around Rs 2,500 crore loan to Andhra Pradesh for enhancing efficiency in the power sector, an official statement said. The funding is towards enhancing rural supply, smart city, smart metering, distribution strengthening investments including those for new capital city, transmission systems including network strengthening and augmentation, among others, State Energy Conservation Mission said. Meanwhile, the Government of India, in a communication to state government today informed that German development bank, ... Read More »

    PTC may call for solar power bids in dollar-denominated tariff

    According to reports, as part of the government’s plan to push solar electricity by paying for it in dollars, power trading company PTC India Ltd may call for bids from solar project developers on behalf of the ministry of new and renewable energy (MNRE). The radical approach of dollar-denominated tariff expected to be followed by India’s largest power trader may be similar to that of state-owned NTPC Ltd, aimed at providing green power at less than Rs.4.50 a unit. With firms ... Read More »

    GE unveils digital wind farms in power push

    According to reports, US-based General Electric today rolled out digital wind farms (DWFs) that can boost power production by up to 20 per cent and help generate about USD 50 billion of value for the wind industry. To achieve that, according to company statement, the technology needs to be applied to all 50 gigawatts (GW) of wind mills being installed this year. “GE announced the launch of its Digital Wind Farm (DWF), a dynamic, connected and adaptable wind energy ecosystem ... Read More »

    Statkraft testing solar in four nations including India

    According to reports, Statkraft, Europe’s biggest generator of renewable energy, is running small tests of solar power in four countries to see the potential to diversify from hydro and wind power, chief executive Christian Rynning-Toennesen said. The Norwegian state-run firm, whose energy portfolio is about 97 percent based on renewables, is testing solar in Britain, Germany, Turkey and India, as part of efforts to promote clean energy and slow climate change, he told Reuters. “Solar power is expanding rapidly and ... Read More »

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