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Installed solar capacity crosses 3 GW

According to reports, new capacity addition in the clean energy sector was up nine per cent during the first 9-month of this fiscal. The total installed capacity of solar power in the country crossed 3,000 MW during the 3rd quarter. Renewable energy sector added 2,104 MW of new capacity during first three quarters of this fiscal when compared with 1,922 MW a year-ago. This year’s new capacity target has been fixed at 3,770 MW when compared with the previous year’s ... Read More »

In Adanis, we found an ideal partner, says SunEdison

According to reports, 1when US-based SunEdison signed an agreement in October with the Rajasthan Government to set up 5,000-MW solar projects, many in the industry appeared surprised. But earlier this month, the company announced another project — a $4-billion polysilicon-to-modules project in Mundra, Gujarat, to be developed with the Adani Group. Even as the message was sinking in, it announced another 5,000-MW project in Karnataka. In an interview with BusinessLine, Pashupathy Gopalan, SunEdison’s Asia-Pacific head, explains the company’s strategy in ... Read More »

Rs 1.2 lakh crore solar plan in the works for jobless tech grads, MBAs

According to reports, the government is working on a Rs 1.2 lakh crore scheme to set up 20,000 mw solar power projects, or a fifth of the total solar power capacity envisaged by 2021-22, through qualified unemployed or under-employed youth in the next five years. Government sources told TOI the scheme is part of the government’s design to ramp up solar power capacity to 100,000 mw by 2021-22. The Centre is to extend an assistance of Rs 16,050 crore to ... Read More »

Sun shines on solar sector

According to reports, international funding agencies are putting their bets on India’s solar projects with companies such as Acme Solar, Azure Power and Welspun Renewables, among several others, attracting venture capital, project or debt funding. In 2014, India saw investments of more than R2,000 crore in various solar projects compared to around R1,400 crore in the previous year, shows data compiled by Mercom Capital Group. The data is based on investments publicly disclosed. While India saw a modest growth in ... Read More »

India Installs 2.1 Gigawatts of Renewables From April-December

According to reports, India installed 2.1 gigawatts of grid-connected renewable power from April to December last year, according to the Ministry of New & Renewable Energy. The nation added 1.3 gigawatts of wind power, 430 megawatts of solar power and 340 megawatts of hydro, biomass and bagasse co-generation, the ministry said on its website. India has a target to add 3.7 gigawatts of grid-connected renewable power by the end of its financial year in March. The nation added 105 megawatts ... Read More »

Sanghi to inject Rs. 250 cr in green initiatives

According to reports, cement maker Sanghi Industries Ltd will invest Rs. 250 crore over the next couple of years with a focus on sustainable development, innovation and conservation of energy. The company will invest Rs. 150 crore on developing a 15 mega-watts (MW) Waste Heat Recovery System (WHRS) and another Rs. 100 crore to further develop its facilities at Navlakhi Port in Gujarat, Alok Sanghi, Director, said here on Monday. Sanghi Industries has signed a contract for installation of a ... Read More »

Rooftop PV installers to get certification from Gujarat institute

According to reports, Gujarat Energy Research and Management Institute (GERMI), Gandhinagar, has announced the launch of its National Certification Programme for rooftop solar photovoltaic installers. The programme was launched by GERMI in the presence of Union Minister for Power, Coal and New and Renewable Energy Piyush Goyal earlier this week at Gandhinagar. During the recently concluded Vibrant Gujarat Global Summit-2015 at Gandhinagar, GERMI signed memorandums of understanding (MoU) with eight State nodal agencies or distribution companies and 20 leading solar ... Read More »

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