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Monthly Archives: June 2015

Modi Embraces the Dollar to Spur India’s Solar Power Boom

According to reports, India will soon invite bids for its first dollar-linked solar power contracts, seeking to cut costs and woo investment as Prime Minister Narendra Modi targets an unprecedented expansion in clean energy. State-owned NTPC Ltd., India’s largest power generator, will award the tenders for 500 megawatts to 1,000 megawatts of electricity in July, Tarun Kapoor, a joint secretary in India’s Renewable Energy Ministry, said in an interview in New Delhi. “NTPC will show the way in dollar bidding ... Read More »

TN government, Adani likely to sign solar deal today

According to reports, the state government is likely to sign the agreement for the 648MW solar power plant to be set up by the Adani group at Kamuthi in Ramanathapuram district on Tuesday, sources said. An Adani group representative will fly down to Chennai to sign the power purchase agreement with chief minister J Jayalalithaa at the secretariat. The project is expected to give a major boost to solar power initiative in Tamil Nadu, sources said. While Tangedco has managed ... Read More »

SunEdison Inaugurates 50-Megawatts solar plant in Madhya Pradesh

SunEdison, Inc., today announced the inauguration of the Dammakhedi 50-megawatt (MW) DC solar power plant in the Indian state of Madhya Pradesh. Dammakhedi is the first solar power plant in the state to use single axis tracker technology to maximize energy production. The project created more than one thousand jobs during construction, and was completed two months ahead of schedule. “As India’s economy continues to grow, it will need access to clean, cost effective, and reliable electricity,” stated Pashupathy Gopalan, ... Read More »

India, US create $7.9 mn fund for innovation in clean energy

According to reports, India and the US today signed a memorandum of understanding (MoU) to establish the Rs 50 crore ($7.9 million) PACEsetter Fund which aims to accelerate commercialisation of innovation in off-grid clean energy solutions. This is part of President Barack Obama and Prime Minister Narendra Modi’s commitment to strengthening and expanding the US-India Partnership to Advance Clean Energy (PACE), US Embassy said in a statement. “US Ambassador Richard Verma and Ministry of New and Renewable Energy Secretary Upendra ... Read More »

Network of cities committing to 100 per cent renewable energy planned

According to reports, the World Wind Energy Association plans to create a network of cities in different countries that are committing to go in for 100 per cent renewable energy, secretary general of the association Stefan Graenger told The Hindu here recently. The association is collecting details of individual buildings, towns and cities that have already gone in for 100 per cent renewable energy. The information will be available online. The concept of 100 per cent renewable energy is discussed ... Read More »

Renewable energy industry hopeful about Paris meet

According to reports, ‘Global warming’ is making it nice and warm for the renewable energy industry, which may be close to being granted its one big wish — cheap finance. This is likely to happen at Le Bourget, Paris, in December. The year end will see negotiators from 196 countries gather at this Paris suburb to see if they can agree on something that could slow down global warming. If the talks succeed, all the countries — for the first ... Read More »

Madhya Pradesh govt banks on rooftop solar projects policy

According to reports, to encourage the use of non-conventional energy, the Madhya Pradesh government is all set to notify the policy for rooftop solar power projects for individual households on net metering system basis, thereby allowing households to gain concessions by supplying excess energy to the main grid. At present, the government is fine-tuning the policy draft to incorporate the suggestions of all stakeholders. “Once the system is in place, individual consumers will be able to connect to the main ... Read More »

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