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MNRE, World Bank review progress of solar parks

According to reports, the Ministry of New and Renewable Energy and the World Bank have reviewed the progress of the Andhra Pradesh Government plan to set up 2500 mw capacity solar parks in the State. During the meeting, Tarun Kapoor, Joint Secretary, MNRE and representatives of the World Bank and State Energy Department officials participated. The State Government had signed up with the Power Ministry and MNRE for setting up of the large solar power parks in Anantapur, Kadapa and ... Read More »

Policy frameworks can help or hinder India’s tech revolution

According to reports, Prime Minister Narendra Modi’s flagship Digital India initiative, announced in August 2014, aims to make Internet-based infrastructure and services a widespread utility for all citizens. Recent research from McKinsey Global Institute focuses on 12 disruptive, but also potentially empowering, technologies that could imply dramatic change in how India functions. Together, MGI estimates, they can have an economic impact of $550 billion to $1 trillion per year by 2025, driving 20% to 30% of India’s incremental economic growth ... Read More »

Simpa Networks raises $4 million commercial debt financing for rural India solar solutions

Simpa, which sells solar-as-a-service to energy-poor households and micro-enterprises in rural India, today announced that it has completed a $4 million debt financing round. The financing has been provided by Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and by GDF Suez through their Rassembleurs d’Energies program. An estimated 400 million people in rural India still do not have access to an electricity grid. Distributed solar-powered electricity systems are dramatically improving the quality of life for energy-poor ... Read More »

SunEdison signs PPA for 150 MW solar farm in Karnataka

According to reports, the Karnataka Government today signed power purchase agreement with leading solar developer and technology provider,Sun Edison to produce and purchase 150 MW of solar power. The Agreement was signed by BESCOM and HESCOM distribution companies of Karnataka with Sri Pashupathy Gopalan, president Asia pacific, Sun Edison in the presence of Energy minister D K Shivkumar. Sun Edison had won 150 MW allocation from Karnataka Renewable Energy Development Limited (KREDL). The 150 MW is the highest allocation made ... Read More »

IOC to set-up 4 MW solar power project in Tamil Nadu

According to reports, Indian Oil Corporation (IOC) has in principle approved to set-up a 4 MW solar power project at Narimanam in Tamil Nadu. The objective is to generate green energy for captive consumption at IOC locations directly or through grid so as to reduce carbon footprint. IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline ... Read More »

Switch from/to solar power, intelligently

According to reports, solar inverter innovator Ronds Innotech has launched Smart eHome, an intelligent power management system to control home appliances. It consists of a solar panel, a solar inverter, batteries, the Smart eHome connector and an intelligent power socket, says Sijo Joseph, CEO of Ronds, incubated at Technopark here. The system uses home automation technology and advanced energy saving techniques to control lights, fans, television, refrigerator and washing machine and optimise consumption. The automated power source selection technology identifies ... Read More »

World’s biggest solar power station to come up in Madhya Pradesh

According to reports, the world’s biggest 750 mega watt (mw) solar power station will come up in Rewa district’s Gudh area, Madhya Pradesh Energy and Mining Minister Rajendra Shukla said on Tuesday. “World Bank will provide 50% soft loan for setting up the ultra mega solar power project. The rest will be borne by the joint venture of Centre and the state. A team of World Bank experts has visited Gudh and found the tract of barren land for commissioning ... Read More »

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