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Daily Archives: July 17, 2015

Proposed RE Act gives sweeping powers to the Centre

According to reports, the proposed National Renewable Energy Act, 2015—the draft of which has been put up for public comments—seeks to give sweeping powers to Government of India to develop the renewable energy industry in India. Under the first chapter—on ‘Institutional Structure’—the Act says that the Central government “shall have the power to take all such measures as it deems necessary or expedient” for the purpose of development of renewable energy in the country. The government will also “issue guidelines” ... Read More »

Lanco inaugurates 10.50 MW solar power plant in Punjab

According to reports, Lanco Group subsidiary Omega Solar Projects today inaugurated a 10.50 MW solar power plant here. The project has been set up at a cost of Rs 84 crore over 45 acres of land, according to an official release. Punjab New & Renewable Energy Minister Bikram Singh Majithia said the tiny steps started three years ago in renewable energy sector have now become giant leaps with world renowned solar power companies investing liberally in the state, keeping in ... Read More »

SkyPower to Build Solar Plant in First Indian Project

According to reports, SkyPower Global, a Canadian solar-energy developer, won its first project in India to build a 150-megawatt plant in the central state of Madhya Pradesh at the lowest-ever tariff in the country. Madhya Pradesh had sought bids for 300 megawatts of solar capacity. SkyPower was the lowest bidder, according to a statement from the company. Hero Future Energies, the highest bidder, won 38 megawatts. The difference in the tariff quoted by HFE in the bid and the lowest ... Read More »

ACME Cleantech launches India’s first power storage systems

According to reports, taking the lead position in the country for backup solutions powered by solar power, Gurgaon based ACME Cleantech Solutions launched Lithium-ion based power storage technology for high energy storage. Named as EcoGrid Energy Storage System, the product is priced at Rs 3.5 lakh per unit of 5kVA. The first target consumer base for this product would be residences, small commercial units and any industry where diesel consumption is high. The company is looking to sell close to ... Read More »

Risen Energy, Raasi Green team up for 100-MW PV park in India’s Tamil Nadu

According to reports, Chinese firm Risen Energy Co Ltd   and the solar power arm of Bangalore-based Raasi Group have joined hands to invest in 100 MW of photovoltaic (PV) capacity in the Indian state of Tamil Nadu. The solar module maker said on Wednesday it had signed a cooperation agreement with Raasi Green Earth Energy Pvt Ltd (RGEE). Under the terms of the deal, they will set up a joint venture (JV) with 51% and 49% stakes, respectively. In ... Read More »

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