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New policy in works to push green power

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According to reports, the government will soon come up with a renewable energy policy and a legislation to streamline generation in a hard push to achieve its target of 1 lakh mw solar and wind power output in five years. There is also a plan to seek a €¤1 billion soft loan from Germany to promote rooftop solar plants. A concrete policy on the new legislation will be put in place by February next year ahead of a renewable energy ... Read More »

Renewable Energy Ministry targets 100,000 MW capacity in next 5 years

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According to reports, the Ministry of New and Renewable Energy has set a target of reaching 100,000 MW generation capacity for the sector in the next five years, said Upendra Tripathy, Secretary, MNRE, here today. “This target would include both off grid and on grid generation for both wind and solar energy,” said Tripathy adding that to meet the target an investment of $35 billion would be required annually. Currently, India gets ‎$6 billion investment in the renewable energy sector ... Read More »

Modi visit to give Indian green energy $1-bn push

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According to reports, the clean energy sector in India will be one of the first sectors that would benefit during Prime Minister Narendra Modi’s US trip. The sector awaits investments worth about $1 billion from US companies. To finance sourcing of components from the US for Indian renewable power project developers, IREDA (Indian Renewable Energy Development Agency) and the US Exim Bank would sign an agreement. The financing would span over 18 years. Officials close to the development said the agreement ... Read More »

First Renewable Energy Global Investment Promotion Meet & Expo to be held in February 2015

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According to reports, as a follow-up to the ‘Make in India’ initiative launched by the Prime Minister, the Ministry of New and Renewable Energy ( MNRE) has announced organisation of the First Renewable Energy Global Investors Meet & Expo (RE – INVEST) on 15-17 February, 2015 in New Delhi. The central theme of the meet is to attract large scale investments in the renewable energy sector in India. The event is proposed to be inaugurated by the Prime Minister Shri. ... Read More »

SunEdison Files Confidential S-1 for Emerging Markets Yield Vehicle including India

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SunEdison, Inc. today announced that it confidentially submitted a draft registration statement on Form S-1 to the United States Securities and Exchange Commission (SEC) relating to the proposed initial public offering of the common stock of a yieldco vehicle focused on contracted clean power generation assets in attractive, high growth, emerging markets, primarily in Asia (excluding Japan) and Africa. The number of shares of common stock to be sold and the price range for the proposed offering has not yet ... Read More »

Madhya Pradesh energy dept flags free land to green power developers

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According to reports, state energy department strongly objected to ‘free land policy’ floated by new and renewable energy department to attract mega investment in the field of solar, wind, and bio mass energy in the state. Senior IAS officer S R Mohanty-led new and renewable energy department had circulated a copy of a draft of land agreement to HoDs of all departments seeking their opinion before it was signed between government and investors. Then principal secretary of energy department Mohammad ... Read More »

Modi US visit: Three Indian cities to be named for smart cities project

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According to reports, three Indian cities are in line to be adopted for the government’s “smart cities” project by way of technology and infrastructure upgrade during Indian Prime Minister Narendra Modi’s talks in Washington that are also set to see major cooperation with the US in the field of renewable energy. The Modi government is keen to push ahead with its smart cities project under which 100 smaller cities are to be upgraded to match the resources of the top ... Read More »

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