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Solar pact with SunEdision still in force, says Adani Enterprises Ltd

According to reports, Adani Enterprises Ltd today said that the memorandum of understanding (MoU), which it entered with the US-based SunEdision to set up a solar photovoltaic manufacturing facility in Gujarat, is still in force. Company’s statement came in reply to the clarification sought by the leading exchange BSE on reports that Adani and SunEdison may drop joint venture plans. Adani Enterprises had earlier entered into a pact with the US-based SunEdison for setting up a solar photovoltaic manufacturing unit ... Read More »

KSEB to set up company to run solar project in Kasaragod

According to reports, a new company would be set up for implementing a 200MW solar power park in Kasaragod. The KSEB director board has given permission for the company, Renewable Energy Corporation of Kerala, which will be formed jointly by Kerala State Electricity Board Ltd and Solar Energy Corporation of India. The KSEB director board has given permission to set up the company and consent for earmarking Rs 50 lakh as the capital of the company. Formalities have already been ... Read More »

WTO rules against India in solar panels dispute with the US

According to reports, a World Trade Organization (WTO) panel has ruled against India in a dispute raised by the US over the country’s solar power programme, requiring the government to offer a level playing field to both foreign and domestic manufacturers of solar panels. India is likely to appeal against the dispute settlement panel’s ruling, which could give it a two-year breather to implement the programme. The commerce ministry received the ruling last week, a ministry official said on condition ... Read More »

Telecom tower companies turn to renewable energy amid pressure of fixed rentals & costly power

According to reports, telecom tower companies are looking for ways to reduce power consumption and exploring the option of renewable energy amid mounting pressure of fixed rentals from leased slots and costly diesel generated power. Power and fuel used to run telecom towers account for about 60% of a telecom operator’s cost, according to Mohit Rana of AT Kearney, and of this diesel makes up 40%. Although the crash in crude oil prices spells a relief in the coming days, ... Read More »

Madhya Pradesh aims to quintuple solar power generation in next 2 years

According to reports, with a slew of projects in the pipeline, Madhya Pradesh is on track to enhance the solar power generation capacity to about 3,000 MW in next two years from the current 650 MW installed capacity, a senior government official said. Availability of vast tracks of barren land coupled with fast-tracking of solar power projects under the state government’s single window scheme is encouraging private companies to bid aggressively for new projects, the official said. “When it comes ... Read More »

Adani, SunEdison may drop joint venture plans

According to reports, Adani Enterprises Ltd’s plans to set up a $4 billion solar photovoltaic manufacturing facility in partnership with US-based SunEdison Inc. may come unstuck. “It is not working out. Adani Enterprises may partner with another manufacturer,” said a person familiar with the development who spoke on condition of anonymity. A second person aware of the development confirmed it, but asked not to be identified. Spokespersons for Adani Enterprises and SunEdison didn’t respond to an email sent on 7 ... Read More »

Soon, Solar Energy for High Rises to be Made Mandatory in Chennai

According to reports, the city planners are toying with the idea of making it mandatory for all multi-storied buildings to install rooftop solar panels to generate green energy. Faced with the fast-paced growth that has made it difficult for basic infrastructure to catch up, sources said this proposal would help ensure that the potential renewable sources were fully tapped before turning to conventional energy. This comes as the Union government is implementing a ‘Grid Connected Rooftop and Small Solar Power ... Read More »

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