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Daily Archives: August 29, 2011

Solar Power can meet 5-7% Power Requirement in India by 2021-22

A study published by KPMG, a global consulting company has forecast that solar power can meet 5-7% of India’s total power requirements by 2021-22. In a written reply to a question in Rajya Sabha today, Minister of New and Renewable Energy Dr. Farooq Abdullah said India has good potential for solar power as it receives solar energy equivalent to over 5,000 trillion kWh per year, which is far more than the total energy consumption of the country. He said the ... Read More »

Europe gives India €200m loan for renewable energy projects

Solar in India is a theme that has caught the fancy of a number of European investors that Panchabuta has spoken to in recent times. According to reports, the European Investment Bank (EIB) has granted a EUR 200 million loan to ICICI Bank of India for projects in the renewable energy sector supporting climate change mitigation. According to the EIP, the main objective of the climate change framework loan is to make long-term finance available for investments in renewable energy ... Read More »

Floating Solar power plant on Narmada branch canal near Sanand

Earlier this year, Tata power partnered with Sunengy, Australia to build the first floating solar plant in India. The construction of the pilot plant in India is expected to commence in August 2011. The Punjab government in June this year approved the setting up of a project which will generate solar power by utilising the space over irrigation canals in the state. According to reports, Sanad is now gearing up to house yet another first-of-its-kind project – a solar power plant to ... Read More »

Inadequate capacity clouds solar power renewable purchase obligations

According to reports, most electricity distribution utilities will fail to meet their obligation to supply a minimum amount of solar power as there are very few plants that supply such electricity. Utilities are bound by a renewable purchase obligation (RPO) which mandates that a part of the electricity they supply should be sourced from renewable plants. As against the projected demand for 1,000 mw of solar power generation, India has less than 50 mw of capacity operational. According to industry ... Read More »

J&K Govt. installs solar lighting units in rural areas

According to reports, the Government of Jammu and Kashmir has installed solar lighting units under the Remote Village Electrification (RVE) programme in many households in Kulgam District. Revenue Administrative Officer, Bashir Ahmad Ganie, Kulgam District, said the RVE scheme of the state government would benefit a large number of families, who were devoid of all the basic amenities of a modern life. “The scheme of providing solar lights have been implemented by the state government as the Gujjars, ethnic community, ... Read More »

Tata BP Solar commissions 1 MW solar power plant in Orissa

According to reports, Tata BP Solar India, a joint venture of Tata Power and BP Solar, on Monday, said it has commissioned its first 1 megawatt (mw) solar photovoltaic power plant in Orissa under the Jawaharlal Nehru National Solar Mission (JNNSM). The project, owned and developed by S. N. Mohanty at Cuttack in Orissa, was synchronized to the grid on 23 August, the company said in a statement issued here. “Tata BP Solar as an engineering, procurement and construction contractor ... Read More »

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