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Solar Alliance shows India’s leadership in clean energy: Experts

According to reports, the launch of an unprecedented international solar alliance in Paris on the sidelines of the climate change summit shows India’s leadership in clean energy, environmental experts here have said. “This unprecedented international solar collaboration sets an encouraging tone as country representatives gather today to reach a new global climate agreement. India’s leading role in forming an International Solar Alliance anchors its own climate commitment to ramp up renewable energy,” said Rhea Suh, president of the Natural Resources ... Read More »

Solar rooftop systems subsidy will remain at 30%

According to reports, solar rooftop systems will continue to be subsidized by 30%, despite the Union ministry of new and renewable energy (MNRE)’s June announcement of hacking it by half. Industry experts are not thrilled about the decision, citing state incompetency in doling out the subsidy on time, possibility of poor quality products from suppliers while leaving manufacturing costs unchanged. The recent announcement from the ministry mentions that the subsidy comes under the Central Financial Assistance (CFA) scheme and is ... Read More »

Modi to launch solar alliance on first day of Paris climate summit

According to reports, Prime Minister Narendra Modi is set to launch his ambitious International Solar Alliance on Monday, the first day of the Paris climate summit. The move is being seen by analysts as a strategic step for the country on the global stage. Experts say that the alliance, which would include around 50 African countries, would be a huge business opportunity for Indian companies. It is also likely to give the country a leadership role in solar power-generation capacities. ... Read More »

Welspun Group to sell its renewable energy business, appoints Barclays to look for a buyer

According to reports, the Welspun Group has put its renewable energy business on the block and has appointed British bank Barclays to look for a buyer, two people with direct knowledge of the plan said, as the pipe-to-textile maker seeks to trim debt amid concerns of a fall in solar power prices hurting its margin. “The process has just begun,” said one of the people. “Some overseas strategic investors have shown preliminary interest.” The $3 billion group, controlled by billionaire ... Read More »

Solar sunrise

According to reports, solar power tariffs have hit a new low. US-headquartered SunEdison’s winning bid of ₹4.63 a kWh for a 500 MW project in Andhra Pradesh, has evoked comparisons with the e-commerce industry, where critics have mockingly dubbed the business model as ‘scale-up and trust to luck’. It has also deepened the cleft between the believers and cynics, with the former pointing out that as long as two years back, global renewable energy consultancy GTM Research had predicted solar ... Read More »

Indian Railways brings out policy on solar capacity panels at stations

According to reports, in line with the budget commitment made by Indian Railways towards installation of solar plants as part of its ‘Solar Mission’ to reduce dependency on fossil fuels, the transporter has come out with a policy on solar capacity panels on rooftops of railway stations. It has envisioned a plan to source 1,000 mw of solar power over five years besides establishing 132 mw of windmill plants by REMCL. Of the 1,000 mw which will be harnessed through ... Read More »

How solar energy is changing the power sector’s dynamics

According to reports, non-performing assets (NPAs) in the power sector made their appearance in 2007, when a number of companies announced big power projects. Most of these projects are yet to see the light of the day, with many languishing as NPAs in the banking sector’s books. Of late, the rush of companies announcing their entry in to the solar power sector raises the question of whether this is a repeat of the old power story. Lanco Infratech announced Monday ... Read More »

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