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    Modi Tops Obama Solar Pledge With First India Green Dollar Bond

    According to reports, as Indian Prime Minister Narendra Modi was winning headlines garnering U.S. support for a $160 billion solar-power push, the bond market was putting together more concrete funding plans. Export-Import Bank of India, which has lent to solar and wind programs, sold the country’s first green dollar bonds in a $500 million issue of 2.75 percent notes March 24. India’s issuance of overseas securities meeting environmental criteria overseen by the Zurich-based International Capital Market Association could surge to ... Read More »

    Cheap power must be balanced with green energy, says Goyal

    According to reports, Piyush Goyal, Minister for Power, Coal, New & Renewable Energy, said cheap power has to be balanced with green power. Making energy affordable and reliable for users, has been a challenge so far, he said. At a session on ‘Global Dependence and Energy Security’ at Urja Sangam – 2015, Goyal said one way to address the problem of energy security is by strengthening it by harnessing and utilising domestic resources such as coal, sun and wind. Innovative ... Read More »

    Green energy push: PSBs agree to lend Rs 1.71 lakh crore to finance projects over the next 5 years

    According to reports, state-owned banks will actively promote green energy — considered vital for power-starved India — and have assured the finance ministry to provide around Rs 1.71 lakh crore to the sector in project financing over the next five years. This will help generate 34,000 megawatts of nonconventional power like wind and solar energy in this period. Banking behemoth State Bank of India has taken the lead with a Rs 75,000-crore commitment, aimed at generating 15,000 megawatt of green ... Read More »

    UP power watchdog approves rooftop solar regulation

    According to reports, the Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved the state rooftop solar regulation, which would allow consumers in the state to install solar rooftop systems. Such systems could both be harnessed for self-consumption and also feed the state grid with excess solar power generated. The power regulator has notified provisions regulating to the rooftop solar segment contained in the state Rooftop Solar Photovoltaic Power Plant Policy, 2014. UPERC (Rooftop Solar Photovoltaic Grid Interactive System Gross/Net Metering) ... Read More »

    Waaree Energies Launches Beta Version of its Solar Power Calculator Mobile App

    Waaree Energies Limited, has announced the launch of its solar power calculator application (beta version) for mobile phones. This app helps you estimate the size of solar power system. It can generate a customised cost estimate for the given location with basic inputs like monthly electricity bill, units consumed, battery backup and area available. Apart from tax depreciation, it will also calculate area needed for solar array. The prices and calculations are indicative and gives the user a broad level ... Read More »

    Solar Capacity Addition Awaits North Block’s Push to Power Rs 8 L crore Investment Potential

    According to reports, the government’s ambitious plan of raising solar power generation capacity to 100,000 MW by 2022 is likely to face major roadblocks. According to Finance Ministry sources, it is yet to accept the Renewable Energy Ministry’s proposal for growth in solar generation capacity. Sources said that without incentives, getting investments to the tune of Rs 7-8 lakh crore in the sector would be impossible. Sources also said that the North Block is yet to accept renewable ministry’s proposal ... Read More »

    Inox Wind prices IPO at top

    According to reports, Indian stock wind energy company, Inox Wind, priced its initial public offering at the very top of its indicative range on Wednesday, raising Rs10.2 billion ($163 million). The combination of a favoured government sector and the recent outperformance of India’s stock markets enabled the company to attract strong demand particularly from international investors. The company sold 22 million primary shares and 10 million secondary shares at Rs325 per share, the very top of its Rs315 to Rs325 ... Read More »

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