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Daily Archives: February 2, 2017

Not too happy with the budget: Indian Wind Turbine Manufacturers Association

According to reports, Indian Wind Turbine Manufacturers Association (IWTMA) would like to welcome the budget presented by Finance Minister Arun Jaitley. As a professional stakeholder body, we are not too happy with the budget 2017 as there is nothing concrete on the renewable energy sector, considering it is one of the growing sectors in the country. The Government has completely overlooked the wind energy division. The sector is in a developing phase and needs attention from the government as we are ... Read More »

Budget 2017 gives big boost to renewable energy

According to reports, the Budget has given a boost to renewable energy, announcing another 20,000 mw of solar park development in phase II and a slew of duty reductions on components for fuel cell-based power generating and biogas systems, as well as wind energy equipment. The Budget announced solar power supply at about 7,000 railway stations in the medium term but a beginning has already been made at 300 stations, said finance minister Arun Jaitley. “Work will be taken up ... Read More »

Maharashtra’s hopes soar on solar power boost

According to reports, Maharashtra is expected to get a few more solar power projects in the 20,000 MW solar power capacity addition proposed in the Union Budget. This capacity addition is for phase two of the Union government’s solar power park project.  A 150 MW solar power project of the Maharashtra State Power generation Company Ltd is already running at Dhule. A German investment bank KFW has given 250 million euros (Rs 1,600 crore) for this project. The Maharashtra Energy Development ... Read More »

NLC draws up big plans for solar power

According to reports, buoyed by the success of its pilot solar plant, NLC India Ltd. has unveiled plans for installing power plants with net capacity of 500 MW at an estimated cost of Rs. 2,170 crore at various places in Tamil Nadu. A press release from the NLC said the rollout was part of NLC’s Solar Mission of adding 4,000 MW through installation in various parts of the country. The NLC’s solar power thrust ties in with Government of India’s ... Read More »

Phase II of solar park gets green signal

According to reports, finance minister Arun Jaitley Wednesday announced that the Centre would take up the second phase of solar park development for an additional capacity of 20,000 MW. The first scheme for “Development of Solar Parks and Ultra Mega Solar Power Projects” was rolled on December 12, 2014, with a target of 20,000 MW. According to a fact sheet issued by the MNRE on May 23, 2016, the central government — under this scheme — had granted the approvals ... Read More »

Budget 2017: An opportunity lost for renewable energy

According to reports, India has an ambitious target of 175 gigawatts (GW) of solar, wind and other renewable energy by 2022. The financial needs are mammoth and India needs to look beyond fiscal allocations if the signals for clean energy have to be bold and consistent. Solar, alone, would require $100 billion in debt to reach 100 GW. International debt markets, estimated at $95 trillion, are the world’s largest pool of capital and need to be made accessible to Indian ... Read More »

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