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Panchabuta Turns 7

Dear Readers : Panchabuta has been offline since December 2015, the longest ever since we started publishing daily, a consequence of the Chennai Floods, which devastated our offices and homes. We have since, gotten back during this time. The support I received during this phase and the encouragement to restart after this difficult setback is something for which I will be eternally grateful to those behind me. We have crossed many significant milestones and been a resource to the industry ... Read More »

Solar Alliance shows India’s leadership in clean energy: Experts

According to reports, the launch of an unprecedented international solar alliance in Paris on the sidelines of the climate change summit shows India’s leadership in clean energy, environmental experts here have said. “This unprecedented international solar collaboration sets an encouraging tone as country representatives gather today to reach a new global climate agreement. India’s leading role in forming an International Solar Alliance anchors its own climate commitment to ramp up renewable energy,” said Rhea Suh, president of the Natural Resources ... Read More »

Solar rooftop systems subsidy will remain at 30%

According to reports, solar rooftop systems will continue to be subsidized by 30%, despite the Union ministry of new and renewable energy (MNRE)’s June announcement of hacking it by half. Industry experts are not thrilled about the decision, citing state incompetency in doling out the subsidy on time, possibility of poor quality products from suppliers while leaving manufacturing costs unchanged. The recent announcement from the ministry mentions that the subsidy comes under the Central Financial Assistance (CFA) scheme and is ... Read More »

Indian firms line up for Welspun’s green projects

According to reports, Hero Future Energies, ReNew Power and Reliance Cleangen are evaluating the renewable energy portfolio of Welspun Enterprises. Welspun Renewables, wholly-owned green energy arm of Welspun Enterprises, is selling equity stakes in its solar and wind power projects. SoftBank, earlier keen to pick up stakes in the projects, has dropped out. Welspun Renewables was raising capital through equity sales, said a person close to development. Persons in the know said domestic and foreign companies were in the fray ... Read More »

India, 19 other nations pledge to promote clean technologies

According to reports, twenty countries, including India, the US and China, will launch an initiative to double their clean energy research and development budget over the next five years as part of global efforts to tackle climate change. The total amount of money being committed by these 20 countries – under Mission Innovation — amount to USD 20 billion, about half of which would come from the US, White House officials said.  A formal announcement of the initiative is expected ... Read More »

Modi to launch solar alliance on first day of Paris climate summit

According to reports, Prime Minister Narendra Modi is set to launch his ambitious International Solar Alliance on Monday, the first day of the Paris climate summit. The move is being seen by analysts as a strategic step for the country on the global stage. Experts say that the alliance, which would include around 50 African countries, would be a huge business opportunity for Indian companies. It is also likely to give the country a leadership role in solar power-generation capacities. ... Read More »

Solar sunrise

According to reports, solar power tariffs have hit a new low. US-headquartered SunEdison’s winning bid of ₹4.63 a kWh for a 500 MW project in Andhra Pradesh, has evoked comparisons with the e-commerce industry, where critics have mockingly dubbed the business model as ‘scale-up and trust to luck’. It has also deepened the cleft between the believers and cynics, with the former pointing out that as long as two years back, global renewable energy consultancy GTM Research had predicted solar ... Read More »

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