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Distributed solar power developer Fourth Partner Energy raises funding from Chennai Angels

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According to reports, The Chennai Angels (TCA), a network of private angel investors, has invested an undisclosed amount in Hyderabad-based solar power products firm Fourth Partner Energy Pvt Ltd, according to a press release. The investment round was led by TCA investor members, Shankar V, Kayar Raghavan and Narayanan R. Founded in 2010 by Vivek Subramanian, Saif Dhorajiwala and Vikas Saluguti, Fourth Partner Energy has completed over 300 solar installations across the country with marquee public and private sector companies. ... Read More »

Rooftop solar power generation, the way to go

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According to reports, last month, the Australian State of Queensland witnessed a historic event. Electricity prices dipped to near zero. The reason: solar power generation by individual buildings decreased the demand for electricity from coal-powered plants. While solar generation may have become viable in Australia, India still has a long way to go as the challenges are numerous — infrastructure and lack of connectivity among others. However, the same challenges also provide a huge opportunity for solar power in regions ... Read More »

Ladakh makes hay while the sun shines

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According to reports, a splash of bright blue solar panels amidst the freezing snow-capped Himalayan mountains attempting to generate solar power doesn’t quite sound right, does it? Nevertheless, the region could soon house the world’s largest solar power plant, with the finance minister Arun Jaitley allocating Rs 500 crore for setting up ultra mega solar power projects across India, Ladakh being one of the locations. Counter-intuitive as it might be, Ladakh has the highest potential for generating solar power, as ... Read More »

SECI publishes list of rooftop PV project developers in Phase IV bidding

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According to reports, the Solar Energy Corporation of India (SECI) has released the list of bidders under the Phase IV of the Solar PV rooftop programme. Since L1 bidding process was used for selection of bidders, the non-L1 bidders have been given time till July 21st, 2014 to match the L1 prices. SECI had released the RfS for allocation of 50 MW of solar photovoltaic (PV) rooftop projects in 21 Indian states in March 2014 under two models – Part-A (CAPEX) ... Read More »

Without solar panel, no nod to big building plan

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According to reports, the state environment department has asked the Kolkata Municipal Corporation (KMC) to enforce ‘green norms’ at the time of sanctioning building plans of big housing projects. According to rules, realtors need to take a no-objection certificate (NOC) from the West Bengal Pollution Control Board (WBPCB), a wing of the state environment department, if the total area of construction exceeds 20,000sqm. Based on this NOC, the KMC buildings department issues the ‘sanctioned building plan’. Setting up solar panels ... Read More »

What the budget announcements mean for solar in India ?

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According to reports, for the first time in history, an annual Budget of the Government has allocated as much as Rs. 1,000 crore to ‘solar’, a big signal of the new Government’s intentions. No surprise, since such a signal was expected of a government headed by Narendra Modi who, as one industry leader put it, “knows ‘solar’ very, very well”. Few would have been arched their eyebrows at the allusion to the setting up of four ‘ultra mega solar projects’ ... Read More »

Govt allocates Rs 1000cr for ultra large solar projects, parks

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According to reports, Narendra Modi-led government’s first budget has given high priority to renewable energy sector with an allocation of Rs 1,000 crore for development of ultra large solar power plants and solar parks. The government aims to construct ‘Ultra Mega Solar Power’ projects or high capacity plants in the radiation-rich states of Rajasthan, Gujarat, Tamil Nadu and Jammu & Kashmir (Ladakh). At present, the Power Ministry is developing coal based Ultra Mega Power Projects or UMPPs that have generation ... Read More »

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