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Daily Archives: July 26, 2015

Deutsche Bank sees solar winning coal in India by 2019-20

According to reports, investments in India’s solar industry will exceed those in coal by the year 2019-20. Also, solar power generation will result in reducing coal consumption by 70 million tonnes, saving $ 17 billion (Rs 1.08 lakh crore), says a recent report of Deutsche Bank. “Global majors have committed $ 35 billion (Rs 2.25 lakh crore) to the Indian solar sector. By 2020, annual solar power capacity additions and investments could surpass those in coal power projects,” Abhishek Puri, ... Read More »

Mahindra Partners readies $450 million solar push

According to reports, Mahindra Partners, the private equity firm of the Mumbai-based Mahindra Group, will invest $225 million to build 1 gigawatt (GW) of solar assets in the next 2-3 years, a top executive said. The move is part of an effort to create new businesses that will help the conglomerate reach its ambitious target of $50 billion in revenue in the next few years. To boost this, Mahindra also plans to raise another $225 million in the next 3-4 ... Read More »

Punjab eyes 2,000MW solar vault

According to reports, with over 5,000 acres of land offered by farmers and NRIs across the state, Punjab’s solar energy generation has jumped from mere 9 mega watt (MW) in 2012 to 541MW at present. Punjab government is now looking at a target of 2,000MW in the next few years. This was announced at the first solar summit on the theme ‘Go Solar Punjab’ organized here on Thursday. Apart from rooftop projects, farmers in the state have pitched in to ... Read More »

GMR Energy’s Gujarat solar plant gets quality certification

According to reports, GMR Energy Gujarat Solar Power Plant, Patan, a subsidiary of GMR Group, has been awarded the Integrated Management System (IMS) certification for effectively managing quality, environment and occupational health and safety at its 25 MW power plant. The company said its Gujarat plant is the first and only solar plant in Charanka Solar Park, Patan, to have earned this international benchmark of excellence. It is also among the first solar power plants in India to achieve this ... Read More »

Harness solar energy more efficiently

According to reports, as the city is witnessing rapid growth in solar power production across sections of society, including homes and educational institutions, one of the serious limitations of on-grid solar plant is the inability to generate electricity because of the absence of grid power. On-grid solar plants that have no batteries and depend on the grid power for conversion of direct current (DC) to alternating current (AC) fail to generate electricity in case of power cuts. The Kripya dual ... Read More »

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