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Green Bonds Could Cut India Clean-Energy Cost 25%: Report

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According to reports, funding renewable projects with Indian government-backed green bonds could lower the cost of clean power by as much as 25 percent, according to a study. The government could sell bonds and lend the proceeds to wind and solar farm developers. India could offer funds a third cheaper than commercial bank loans and for double the tenor as the government has the highest domestic credit rating, according to a report by the Indian School of Business and Climate ... Read More »

US urged to drop India WTO case on solar

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According to reports, environmentalists on Wednesday urged the US to drop plans to haul India to the WTO to open its solar market, saying the action would hurt the fight against climate change. The World Trade Organization’s dispute settlement body in Geneva has scheduled for Friday to hear the US case for a panel against India, which has some of the world’s most ambitious plans for expanding solar power. US trade representative Michael Froman, announcing the move in February, said ... Read More »

Getting the sunny side up

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According to reports, interest in solar energy projects has been hotting up in India, with states such as Jammu and Kashmir announcing ambitious projects to set up 7,500 MW of solar power capacity. But for a country that access 5,000 trillion kilowatt hours a year of solar energy, we are yet to harness even a fraction of this potential. India’s total solar power capacity is just 2.5 giga-watt — a mere 1 per cent of the power producing capacity through ... Read More »

Accenture to implement SAP tool for Azure Power

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According to reports, Solar power producer Azure Power has selected Accenture to implement an SAP enterprise resource planning (ERP) solution to support and drive growth in its solar generation business, the company said in a statement on Thursday. Accenture will provide implementation services in support of the SAP solution to Azure Power to help strengthen its business processes and improve planning, budgeting, forecasting, supply chain and revenue projections. The new solution will help the company scale its solar footprint across ... Read More »

White House names Indian-American ‘Solar Champion of Change’

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According to reports, White House has named Indian-American professor Rajendra Singh as one of ten “Solar Champions of Change” who are taking the initiative to spur solar deployment across America. Rajendra Singh is D. Houser Banks Professor of Electrical and Computer Engineering and director of Clemson University’s Centre of Silicon Nanoelectronics in South Carolina. ”Today, the White House is celebrating ten Solar Champions of Change who are driving policy changes at the local level to expand energy choices for Americans, grow ... Read More »

MNRE backs REC market to help solar power developers

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According to reports, in a move that aims to support the solar power developers in India, the Ministry of New and Renewable Energy (MNRE) is backing the renewable energy certificates (RECs) market. The ministry is optimistic of a positive change in the REC market despite its price higher than the actual purchase of solar power. Newly appointed secretary of MNRE, Dr Upendra Tripathy, said at a gathering in New Delhi that his ministry was trying to work out a probability ... Read More »

Cheaper finance to help boost solar sector, says report

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According to reports, liberalised external commercial borrowing norms and making cheaper funds available, among other measures, will help in boosting the country’s solar energy sector, says a report. Besides, having increased solar general capacity would help in bringing down the dependence on power from coal plants, according to the report prepared by Hindustan Power in association with PHD Chamber of Commerce. The report has listed out various measures including availability of cheaper finance to boost the domestic solar sector. Among ... Read More »

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