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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 »

Indian Railways brings out policy on solar capacity panels at stations

According to reports, in line with the budget commitment made by Indian Railways towards installation of solar plants as part of its ‘Solar Mission’ to reduce dependency on fossil fuels, the transporter has come out with a policy on solar capacity panels on rooftops of railway stations. It has envisioned a plan to source 1,000 mw of solar power over five years besides establishing 132 mw of windmill plants by REMCL. Of the 1,000 mw which will be harnessed through ... Read More »

How solar energy is changing the power sector’s dynamics

According to reports, non-performing assets (NPAs) in the power sector made their appearance in 2007, when a number of companies announced big power projects. Most of these projects are yet to see the light of the day, with many languishing as NPAs in the banking sector’s books. Of late, the rush of companies announcing their entry in to the solar power sector raises the question of whether this is a repeat of the old power story. Lanco Infratech announced Monday ... Read More »

India set for Paris climate meet with grand plans on renewables

According to reports, seeking a grand alliance among 122 nations to pursue solar energy, India is set to make a significant impact at the 12-day climate change conference in Paris, with Prime Minister Narendra Modi himself unveiling the country’s position on Monday, the opening day. The Indian prime minister will be among the 147 heads of state and government who have, thus far, consented to attend the event – officially called the 21st Session of the Conference of Parties under ... Read More »

Chennai startup develops power-saver device for solar units

According to reports, in a significant development that could give a big boost to the adoption of solar energy in power-starved countries like India, a Chennai-based startup has come out with a unique device – a dual mode micro-inverter. Kripya Technologies, a Chennai-based company established by Dr V.G. Veeraraghavan in 2010, inspired by the 11th president of India late Dr A.P.J. Abdul Kalam, has come out with the cost-saving inverter that functions in on-grid as well as off-grid modes. “A ... Read More »

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