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Modi Tops Obama Solar Pledge With First India Green Dollar Bond

According to reports, as Indian Prime Minister Narendra Modi was winning headlines garnering U.S. support for a $160 billion solar-power push, the bond market was putting together more concrete funding plans. Export-Import Bank of India, which has lent to solar and wind programs, sold the country’s first green dollar bonds in a $500 million issue of 2.75 percent notes March 24. India’s issuance of overseas securities meeting environmental criteria overseen by the Zurich-based International Capital Market Association could surge to ... Read More »

UP power watchdog approves rooftop solar regulation

According to reports, the Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved the state rooftop solar regulation, which would allow consumers in the state to install solar rooftop systems. Such systems could both be harnessed for self-consumption and also feed the state grid with excess solar power generated. The power regulator has notified provisions regulating to the rooftop solar segment contained in the state Rooftop Solar Photovoltaic Power Plant Policy, 2014. UPERC (Rooftop Solar Photovoltaic Grid Interactive System Gross/Net Metering) ... Read More »

Waaree Energies Launches Beta Version of its Solar Power Calculator Mobile App

Waaree Energies Limited, has announced the launch of its solar power calculator application (beta version) for mobile phones. This app helps you estimate the size of solar power system. It can generate a customised cost estimate for the given location with basic inputs like monthly electricity bill, units consumed, battery backup and area available. Apart from tax depreciation, it will also calculate area needed for solar array. The prices and calculations are indicative and gives the user a broad level ... Read More »

Solar Capacity Addition Awaits North Block’s Push to Power Rs 8 L crore Investment Potential

According to reports, the government’s ambitious plan of raising solar power generation capacity to 100,000 MW by 2022 is likely to face major roadblocks. According to Finance Ministry sources, it is yet to accept the Renewable Energy Ministry’s proposal for growth in solar generation capacity. Sources said that without incentives, getting investments to the tune of Rs 7-8 lakh crore in the sector would be impossible. Sources also said that the North Block is yet to accept renewable ministry’s proposal ... Read More »

Goyal eyes bidding in dollar to cut solar tariff

According to reports, the green energy ministry is toying with the idea of using some ‘dollar power’ to make electricity from solar projects affordable. The novel plan under discussion has the potential to bring down tariffs in the region of Rs 4-5 a unit — more or less similar to supplies from gas-fired plants and a tad more than generation from thermal units. A brainchild of coal and power minister Piyush Goyal, the plan revolves around the idea of dollar-denominated ... Read More »

Policy niggles put India’s solar dream under a shadow

According to reports, the ministry of new and renewable energy set a target of adding 1,100 Mw of solar power capacity in 2014-15. The ministry’s website puts the achievement at just 750 Mw. The shortfall wouldn’t seem as significant if it wasn’t for the fact that the National Democratic Alliance government hopes to generate 100,000 Mw of power through solar projects by 2022. The underperformance highlights the optimistic expectations of the government in revising the previous regime’s target of 20,000 ... Read More »

SunEdison Purchases 1,000 Energy Storage Systems From Imergy for rural Indian Minigrids

SunEdison, Inc. (NYSE: SUNE), today announced that it plans to purchase up to 1,000 vanadium flow batteries (over 100 megawatt hours) from Imergy Power Systems, a leader in advanced energy storage solutions. The vanadium flow batteries will be used to store solar-generated electricity for SunEdison’s rural electrification and solar powered minigrid projects in India. “Energy storage is the perfect complement to solar powered minigrids because it enables us to provide dependable, 24/7 electricity,” said Ahmad Chatila, President and Chief Executive ... Read More »

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