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Bidders raise concerns over NTPC’s Andaman storage-linked solar project

According to reports, NTPC’s storage-linked solar project in the Andaman & Nicobar Islands is facing hiccups at the inception stage itself. The Centre wants to shift the power eco-system of the islands from diesel power to a 24-hour solar power. But, bidders interested in the project told BusinessLine that they are sceptical there are financial concerns in the project viability. Those interested in the project include Rays Power Infra, Hero Future Energies and Renew Power and Amplus Solar. Developers say that ... Read More »

Govt imposes one-year ban on 71 solar panel companies

According to reports, the government has barred 71 firms from rooftop solar projects for a year by removing them from the panel that makes them eligible to bid. These include Amra Raja Electronics Ltd, Cleantech Synergy, Hollandia Power Solutions, IL&FS Energy Development Co and Jindal Green Technologies. The government has written to the companies saying they had failed to update details of the projects that they had executed. “Empanelled companies offer solar panels, which are technically complaint with standard requirements. All ... Read More »

SoftBank’s India solar ambitions may gain from PM Modi’s electric vehicle push

According to reports, SoftBank Group is in talks with the Indian government to facilitate the use of renewable energy like solar to charge electric vehicles in the country, a senior executive at the Japanese group’s local unit told Reuters. India is considering electrifying all its vehicles over the next 15 years, a plan that could boost SoftBank’s solar ambitions in the country if the government adopts renewable energy to charge the vehicles. SoftBank, which has said it will invest up ... Read More »

No impact of GST on renewables, no need for lower taxes: Piyush Goyal

According to reports, with renewables tariff already touching new lows, Power Minister Piyush Goyal today said there was no need for lower taxes to encourage clean energy and the GSTregime will have no impact on power rates. However, the minister is hopeful that lower GST rate of 5 per cent on coal, compared to existing 11.69 per cent, would help discoms provide power at affordable rates. “We don’t need support of lower taxes to encourage renewable energy. By itself, it is ... Read More »

Mumbai society switches to solar power, will save ₹5 lakh a year

According to reports, Grace Co-operative Housing Society, Vasant Oscar, Mulund (West), switched to solar energy last month and will save Rs 5 lakh per annum in electricity bills, which means a monthly saving of Rs41,000. It got solar panels installed that help light up elevators and common areas of five buildings in the society, which has 160 apartments. The residents of the society have also been segregating their organic waste and recycling it to manure to ensure the 100-odd trees they ... Read More »

MP govt to provide subsidised solar water pumps to farmers

According to reports, the Madhya Pradesh government would soon provide nearly 18,500 solar-powered water pumps to farmers in the state at subsidised rates. “We are going to make available solar borewell and surface pumps fitted with remote monitoring system to the farmers under the Madhya Pradesh Chief Minister Solar Pump Scheme shortly,” New and Renewable Energy Department Principal Secretary Manu Srivastava told PTI. “The rates of solar pumps already arrived at after the bidding are the lowest in the country. ... Read More »

In 10 yrs, renewable sources will dominate half of India’s energy capacity

According to reports, non-fossil fuels–renewables, nuclear and large hydroelectric power plants–will account for more than half (56.5%) of India’s installed power capacity within the 10 years to 2027, according to a draft of the third National Electricity Plan (NEP3) released in December 2016. The draft notes that if India achieves its target to install 175 gigawatts (GW, which consists of 1,000 megawatts) of renewable energy capacity by 2022–as it has committed to under the 2015 Paris Agreement–it will not need ... Read More »

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