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PM Modi wants 2 lakh MW more from sun, wind with US help

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According to reports, Prime Minister Narendra Modi will seek US technology and investments for setting up 100,000 MW each of solar and wind energy generation capacity in India over the next 10 years, according to official documents in HT’s possession. This is expected to be part of the Prime Minister’s agenda during his US visit starting September 27 and forms an important part of his plan to provide 24×7 power across the country within five years. The average price of ... Read More »

Sun shines on solar stocks as Govt promises PSU order

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According to reports, the share prices of listed solar cell and module manufacturing companies have been going up in recent months. This is attributed to the Government’s promise that the central public sector undertakings have large solar power development programmes and they will all buy only from domestic manufacturers. The shares of Hyderabad-based Surana Ventures had touched an all-time high of ₹96 on September 19, from ₹15.25 on May 15. On Monday, it closed at ₹93. Similarly, Moser Baer had ... Read More »

Solar Park to reduce power woes of locals

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According to reports, in an attempt to address the power woes of the city, a solar park is expected to span a large part of Bareilly, thus going a long way in providing a huge impetus for the upcoming textile cluster. Catering to the needs of farmers, industrialists and the public alike, the solar project in Bareilly and Badaun district is expected to span over 250 acres, producing power up to 50 MW. As per officials at the New and ... Read More »

Odisha begins land scouting for ultra mega solar power plants

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According to reports, the state government has started the process of identification of suitable land for implementing ultra mega solar power projects (UMSPPs). According to the Union ministry of new and renewable energy (MNRE), any single solar power project with capacity exceeding 500 Mw will be declared as UMSPP. The energy department has written to all district collectors to identify suitable land for the project. “The state government is searching for 5,000 acres of land for 1,000 Mw solar power ... Read More »

India Plans an Upgrade of Its Solar Energy Infrastructure

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According to reports, India is planning an upgrade to its solar-energy infrastructure and will soon invite bids for the development of solar parks. The federal administration in New Delhi and five state governments will work to set up 25 solar parks, which could increase the total installed solar capacity by nearly 10 times nationwide to about 20,000 megawatts, Tarun Kapoor, joint secretary with India’s Ministry of New and Renewable Energy, told The Wall Street Journal. At least 10 of the ... Read More »

Coal India Said to Plan Building $1.2 Billion of Solar Projects

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According to reports, Coal India Ltd. (COAL), the biggest producer of the fuel, is considering building 70 billion rupees ($1.2 billion) of solar projects to compensate for carbon pollution, said people familiar with the plan. The company is in talks with the Ministry of New and Renewable Energy for a combined capacity of 1,000-megawatts, said the people, who asked not to be identified before an announcement. Earlier this month, coal and power minister Piyush Goyal described Coal India and power ... Read More »

IFC to give Rs 202 crore for 100mw solar project in Rajasthan

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According to reports, the International Finance Corp will provide about Rs 202 crore loan for a 100-MW solar project being developed by ACME Solar Energy in Rajasthan. Overall cost of the plant is about Rs 808 crore. IFC, which is a part of the World Bank Group, had earlier extended funding for ACME’s solar project in Madhya Pradesh. “The proposed IFC investment consists of an IFC ‘A’ Loan of up to Rs 2,019 million (approximately USD 34 million) and possible ... Read More »

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