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KCT Group looks to sell off renewable energy portfolio

According to reports, KCT Group, the Vikram Thapar-led arm of the business house founded by Karam Chand Thapar, is exploring the sale of its renewable energy assets of 103 megawatts (MW), said two people aware of the development. Founded in 1929 as a coal mining company, the KCT Group currently has a diversified portfolio of businesses with interests in sectors ranging from coal, infrastructure, real estate, manufacturing and aquaculture. “There is a strong merger and acquisition (M&A) wave in the ... Read More »

The renewable energy revolution in India

According to reports, India has launched the world’s largest renewable energy expansion programme and aims to achieve 175 GW capacity of energy by 2022. The country is taking national actions plans to abide by its duty under the Paris Agreement to keep the rising temperatures of the Earth well below 2 degree Celsius. Tamil Nadu and Rajasthan are leading the renewable energy sector by generating electricity using wind farms. Rajasthan tops the list for solar and wind energy with a total ... Read More »

Solar projects’ deadline extended

According to reports, the government has granted major relief to solar power developers, allowing deadlines for project development to be extended in cases where there were delays caused by circumstances beyond their control. Developers had raised an alarm over a letter from the Ministry of New and Renewable Energy (MNRE) this month directing all states to strictly enforce deadlines for solar projects, eschewing extensions, as reported by ET on July 18. The ministry has now sent another letter that takes into account the ... Read More »

Solar sector unfazed by India-China tensions

According to reports, as reports of the border stand-off between India and China continue to hog headlines, one of the concerns raised is whether this would have a bearing on the solar sector in India because local project developers are dependent on solar cells and modules imported from China. Of the $2.34 billion worth of solar equipment brought into India in 2015-16, a staggering $1.96 billion (83.61 per cent) worth of solar cells and modules were produced in China, Energy Minister Piyush Goyal told ... Read More »

Indian scientist to head global body of solar energy experts

According to reports,A group of international solar energy experts, innovators and environmental activists have come together to form an international body – the International Solar Innovations Council – headed by Indian solar scientist Santi Pada Gon Chaudhuri as its global body chairman. This new international organisation that has its head office at Helsinki in Finland, has been founded to address the energy access problems of the world’s poor by coming up with new innovative solar power solutions. Chaudhuri has been ... Read More »

India probing dumping of solar cells from China, Malaysia

According to reports, India has launched a probe into the alleged dumping of solar cells from China, Taiwan and Malaysia. The aim of this probe is to guard domestic players from below-cost imports. An application for investigation into this issue was filed by the Indian Solar Manufacturers Association. The Commerce Ministry’s investigation arm — Directorate General of Antidumping and Allied Duties (DGAD) — has found prima facie evidence of dumping of ‘solar cells whether or not assembled partially or fully ... Read More »

Renewable energy industry wants cross subsidy waived

According to reports, renewable energy industry representatives have sought the waiving of a cross subsidy surcharge (CSS) levied by States on transmission. In a letter to Minister of State (Independent Charge) for Power, Coal, Renewable Energy and Mines, Piyush Goyal, the Renewable Energy Welfare Society (REWS) has said that CSS is the main inhibitor for small investors to play their role in India’s clean energy vision. The letter noted that CSS is more than ₹3 per unit in some States ... Read More »

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