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Daily Archives: July 13, 2015

India warns US of dumping probe in solar panel dispute

According to reports, are India and the US headed for a face-off at the multi-lateral body, World Trade Organisation? Seems so, as the on-going dispute between the two on rules guiding India’s solar power generation programme have got more bitter. New Delhi has warned Washington that it may initiate anti-dumping investigation against solar panels imported from America if it does not withdraw its complaint against India’s compulsory domestic sourcing rules for solar power generation at the WTO. India had been ... Read More »

Domestic sourcing rule helps solar panel-makers boost order books

According to reports, domestic content rules for solar power projects have already begun to provide a boost to domestic manufacturers, according to Upendra Tripathy, Secretary, Ministry for New & Renewable Energy. “Out of the 100,000 MW target, even if we give 8,000 MW to the domestic manufacturers then it hardly affects global manufacturers, but greatly helps our local industry,” he told BusinessLine. In Kolkata’s Special Economic Zone (SEZ), two manufacturers are working in three shifts and their inventory is full, ... Read More »

MNRE nod for delayed projects

According to reports, The Ministry of New and Renewable Energy has allowed project developers of Batch 1 – Jawaharlal Nehru National Solar Mission (JNNSM) Phase II to continue with their delayed project at their own cost and risk. While, the Renewable Energy Corporation of India will encash the bank guarantee for the such projects, it will not remove them from the selected projects list if an undertaking is given by the developer. The change has been notified in the guidelines ... Read More »

For corporates, solar sector is shining bright

According to reports, corporate interest in the solar sector appears to be rising steadily, especially in the first quarter of this year. Orb Energy, manufacturer and distributor of solar energy systems, raised ₹12.3 crore in equity investment from FMO, Netherland’s development finance institution. Orb Energy operates in seven States. The firm has installed over 55,000 systems over the last four years. The company services residential and commercial customers, banks and even enables customers to take solar loans. With an upfront ... Read More »

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