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Policy niggles put India’s solar dream under a shadow

According to reports, the ministry of new and renewable energy set a target of adding 1,100 Mw of solar power capacity in 2014-15. The ministry’s website puts the achievement at just 750 Mw. The shortfall wouldn’t seem as significant if it wasn’t for the fact that the National Democratic Alliance government hopes to generate 100,000 Mw of power through solar projects by 2022. The underperformance highlights the optimistic expectations of the government in revising the previous regime’s target of 20,000 ... Read More »

SunEdison Purchases 1,000 Energy Storage Systems From Imergy for rural Indian Minigrids

SunEdison, Inc. (NYSE: SUNE), today announced that it plans to purchase up to 1,000 vanadium flow batteries (over 100 megawatt hours) from Imergy Power Systems, a leader in advanced energy storage solutions. The vanadium flow batteries will be used to store solar-generated electricity for SunEdison’s rural electrification and solar powered minigrid projects in India. “Energy storage is the perfect complement to solar powered minigrids because it enables us to provide dependable, 24/7 electricity,” said Ahmad Chatila, President and Chief Executive ... Read More »

Greenko Group plans to increase capacity to 5,000MW by 2020

According to reports, Greenko Group Plc, a Hyderabad-based clean energy company that is listed on the London Stock Exchange’s Alternative Investment Market (AIM), said it was scouting for hydropower assets, with plans to increase power generation capacity by five times to 5,000 megawatts (MW) by 2020. “We are looking at hydropower assets in the range of 50-100MW,” said Anil Kumar Chalamalasetty, chief executive officer of Greenko, in a recent interview. “It should fit into our cluster model,” Chalamalasetty added. Greenko ... Read More »

MSMEs welcome UPERC’s move to clear roof top solar photovoltaic regulations

According to reports, the prime industrial association of micro, small and medium enterprises (MSMEs)- Indian Industries Association (IIA) has welcomed the Uttar Pradesh Electricity regulatory Commission (UPERC’s) move to clear the Roof Top Solar Photovoltaic Regulations-2015 on March 20, 2015. IIA said that it is thankful to state government for taking up the issue seriously which IIA had raised during North India Solar Summit -2014 regarding Roof top solar and Net Metering. The government had accordingly brought ‘Uttar Pradesh Roof ... Read More »

India has Rs 5K crore market for off-grid solar products

According to reports, the largely untapped market for the off-grid solar products and equipments in India is to the tune of Rs 4000 crore to Rs 5000 crore, said Tarun Kapoor, Joint Secretary of India’s Ministry of New & Renewable Energy. He was speaking at a Solar Lantern Press Meet in New Delhi. According to Kapoor more than five crore households in India need the off-grid products. Open market will be helpful for furthering the cause of solar energy in ... Read More »

Renewable Energy: Has its time in India come?

According to reports, for the next 2-3 years, integrated equipment suppliers seem to be in “sweet spot,” says IIFL Institutional Equities in a recent report. Current industry fundamentals (execution issues + weak fiscal health of SEBs) do not support such aggressive ramp-up (25-30% pa growth); however, a 10-15% pa growth seems sustainable. Renewable Energy resources (RES) provide a cleaner source of energy, but they come at a higher cost vs. conventional energy. India has 35GW of commercial RES installations. GoI ... Read More »

Carbon sequestration through micro-algae technology in Odisha

According to reports, already having a distinction of the first Indian state to implement the Climate Change Action Plan, Odisha has now added another feather to its cap as the first state to pilot carbon sequestration through micro-algae technology successfully with encouraging results. This has been applauded at an international seminar on Carbon Sequestration held here today. The micro-algae biotechnology helps in capturing the carbon from flue gas of power plants very substantially and generates algae biomass which can be ... Read More »

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