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India seeks $2 bn from World Bank, ADB for rooftop solar projects

According to reports, the government of India is in talks with the World Bank and the Asian Development Bank seeking $2 billion (₹13,000 crore) of funds. The funds would be used to provide cheaper loans for rooftop solar projects, Upendra Tripathy, Secretary, Ministry of New and Renewable Energy, said at Delhi today. The funds would be used to provide interest subvention to banks – banks would provide cheap loans and would be reimbursed for their sacrifice of interest from the ... Read More »

Soft Bank plans big for Andhra Pradesh, to set up solar panel unit

According to reports, SoftBank has on Tuesday indicated its interest to set up a solar panel manufacturing unit in Andhra Pradesh while making big investments in the renewable energy sector. On the second day of Andhra Pradesh Chief Minister N Chandrababu Naidu’s tour of Japan, SoftBank, Mizuho Bank, METI and several other Japanese banking institutions and organisations made commitments to be part of AP development plans. METI indicated its interest to pick up equity in capital development plan, according to ... Read More »

NTPC, PTC India allowed dollar-linked tariffs for new solar projects

According to reports, the Centre has allowed state-owned NTPC and PTC India to charge dollar-linked tariffs for their new solar projects. The Minister of New and Renewable Energy Piyush Goyal had taken a decision on this recently and “we have asked NTPC and PTC to go for dollar-linked tariffs for 1,000 MW each on a pilot basis. If successful they can go up to 10,000 MW each with the same tariff mechanism,” Upendra Tripathy, Secretary, Ministry of New & Renewable ... Read More »

Tamil Nadu offers subsidy to boost roof top solar units

According to reports, the Tamil Nadu Government would like installation of roof top solar plants to become a people’s movement, as had happened with rain water harvesting in the State. The State offers a subsidy of ₹20,000 to install roof top solar units. This is in addition to the 30 per cent subsidy offered by the Centre. It would cost ₹46,000 to set up a 1 kW solar roof top unit. However, the annual saving in electricity charges would be ... Read More »

Tamil Nadu to sign PPA for 2,000 MW of solar energy: Minister

According to reports, cashing in on growing significance of solar power, Tamil Nadu government will soon sign a power purchase agreement (PPA) for 2,000 MW, of which 1,000 MW of solar power has already been inked, State Electricity Minister ‘Natham’ R Viswanathan today said. “The government will sign a new PPA for 2,000 MW. Of this, 1,000 MW has already been signed and another 1,000 MW will be signed by the end of this month”, he said at the 14th ... Read More »

Farmers find solar water pumps cost-effective

According to reports, a portable solar water pump invented to save fuel during irrigation was introduced by the officials of the Horticulture Department in Tirunelveli. The new device will make agriculture cost-effective and easy for the farmers. The solar-powered pumps will operate on half HP (Horse Power) and are proved to be a major substitute for diesel, for which they earlier paid Rs 50 per litre for a day. The pumps come with batteries and can sustain for 10 hours. ... Read More »

Solar power target tough

According to reports, the government’s plan to raise the country’s solar power generation capacity to 1,00,000 MW (100 GW) in seven years is seen as too ambitious. This means a five-fold increase from the target for 2022 set by the UPA government, which had itself been considered difficult to achieve. But some assumptions and situations have changed in the recent past, which might warrant the setting of a higher target. The plan now is to generate 40 GW through rooftop ... Read More »

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