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Daily Archives: March 22, 2013

Wind, solar capacity additions fall short of targets for 2012-13

According to reports, going by the capacity additions up to the end of February, both the wind and solar sectors would fall well short of their targets for 2012-13. India added 1,282 MW of wind and 505 MW of solar in the first 11 months of the current financial year, against targets of 2,500 MW and 800 MW respectively, according to information provided by the Ministry of New and Renewable Energy. With this, the total wind power capacity in India stood ... Read More »

India Says 71% of Solar Capacity Built Using Imported Modules

According to reports, more than 70 percent of the 551 megawatts of solar capacity installed in India since the start of its National Solar Mission has been built using imported modules, the government said today. India has built 391 megawatts under central government programs using imported cells and modules over the last three years, Minister Farooq Abdullah told the parliament today. India last month rejected claims by U.S. suppliers that it had violated World Trade Organization rules on equipment imports. The ... Read More »

Loans to boost solar power in Odisha

According to reports, getting solar energy to avoid hefty power bills and load sheddings is set to get easier. The Odisha Renewable Energy Development Agency (OREDA) has decided to rope in banks, micro-finance institutes to provide loans for installing home solar power system. “Though solar energy is cheaper and energy efficient, but because of lack of awareness and large initial investment, not many people are coming forward to use solar energy. Therefore, we will rope in financial institutes, micro finance institutes ... Read More »

United Bank signs a pact with Tata Power Solar

According to reports, public sector lender, United Bank of India has signed a memorandum of understanding with Tata Power Solar to extend credit to the renewable energy sector. Under the pact, Tata Power Solar will leverage United Bank’s branch network in the eastern region to facilitate easy finance available to the purchaser of the off-grid solar home lighting or water heating system, bank said in a statement. The public sector lender will in turn make use of Tata Power outlets to increase its ... Read More »

Meghalaya plans hi-tech renewable energy policy

According to reports, the Meghalaya government is contemplating a hi-tech, environment-friendly approach to counter power deficiency in the state besides contributing to the environment through its Meghalaya Renewable Energy Policy, which is on the offing. This was informed by chief minister Mukul Sangma, who also holds the power portfolio in the state assembly. “It is time that we redesigned our approach,” he said. There is an urgent need to have a policy on renewable energy which the government is working ... Read More »

NTPC commissions first solar power plant

According to reports, even as ambitious plans of Noida and Greater Noida discoms to establish non-conventional energy projects are yet to take shape, NTPC-Dadri is all set to begin operations of a 5MW solar power plant by the end of this month. The solar plant, built at a cost of Rs 48.59 crore, will be the first non-conventional energy project of the district. With its commissioning, the Dadri unit of NTPC will also be the first non-conventional energy project from several ... Read More »

Suzlon hires new chief financial officer

According to reports, Suzlon Group, the world’s fifth-largest wind turbine maker, has appointed Amit Agarwal as chief financial officer of its wholly owned unit Suzlon Energy Ltd (SUZL.NS). Agarwal will take over from Kirti Vagadia, who will become the head of finance of Suzlon Group, which also includes its wholly owned German unit REpower, the company said in a statement on Friday. Agarwal previously worked as chief financial officer of India’s Essar Steel, and in his new role will report to ... Read More »

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