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Visionary move for green energy

According to reports, the Union Budget presented by Finance Minister Arun Jaitley on Saturday was a momentous occasion for renewable energy with the announcement of a visionary goal of 175-gigawatt capacity by 2022. This makes India one of the most aspirational markets for renewable energy. The 175-GW goal includes a target of 100 GW from solar energy, keeping in mind the fact that its cost is rapidly coming down. Solar energy is much more valuable since it is predictable daytime ... Read More »

Energy policy on the right path: Kirit S Parikh

According to reports, India can now claim at the Paris Conference that it is doing a lot for climate change and will reduce its emission intensity in the power sector. It has put carbon tax on petroleum products, on gas and on coal. The tax of Rs 4 a litre on petrol and diesel and Rs 200 a tonne of coal are significant measures. The cess of Rs 4 on petrol and diesel will generate about Rs 30,000 crore a ... Read More »

Modi government chants clean energy mantra

According to reports, while emphasising the economic progress in the Budget, Prime Minister Narendra Modi led government also ensured that development should be as green as possible. The government is launching a scheme for Faster Adoption and Manufacturing of Electric Vehicles. Finance Minister Arun Jaitley proposes an initial outlay of Rs 75 crore for the scheme in 2015-16, which was welcomed by electric vehicle makers. Further, the concessional excise duty of 6 per cent on specified goods for use in ... Read More »

More funds, higher cess to go green, get clean

According to reports, The Economic Survey on Friday had said India’s clean energy sector was likely to generate business opportunities of $160 billion in the next five years. And Union finance minister Arun Jaitley on Saturday proposed creation of a national infrastructure investment fund and doubling of coal cess to Rs 200 in the Union budget. “…as environmental degradation hurts the poor more than others, we are committed to make our development process as green as possible,” Jaitley said while ... Read More »

Winds of change hit green energy sector

According to reports, the government has done well so far. Easy finance and guaranteed demand from the utilities will go a long way. India met with huge success on the renewable energy agenda with the recently concluded RE-Invest. The event brought together political and business leaders from the Centre and the States.The Prime Minister put forth a grand vision of reaching the 200 gigawatt target. The huge presence of the Indian and global community at RE-Invest reaffirms that the world ... Read More »

India says clean energy a $160 billion opportunity over five years

According to reports, India’s renewable energy industry is likely to generate business opportunities worth $160 billion in the next five years, the Economic Survey said on Friday, the day before a budget that is set to boost clean energy funding. Prime Minister Narendra Modi is banking on renewables to fight climate change rather than committing to emission cuts like China. He has set ambitious clean-energy targets including raising solar capacity fivefold to 100 gigawatts (GW) by 2022. “It offers a ... Read More »

Mahindra Reva to license electric tech to other car-makers

According to reports, in what is seen as a first in the passenger car industry in the country, Mahindra Reva has said it is ready to license electric vehicle technology to other car-makers. The outgoing CEO of Mahindra Reva, Chetan Maini, told BusinessLine that the company has developed electric vehicle kits for this purpose. “We have developed EV ‘kits’ that comprise a full suite of integrated electric vehicle technology solutions, including the know-how for developing drivetrain, battery pack, HVAC (heating, ... Read More »

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