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Solar tariff reaches a historic low of Rs 2.97 a unit at Rewa bidding

According to reports, in what could be termed as an historical event for the Indian solar sector, the first year tariff for the 750 Megawatt Rewa solar park, achieved through reverse bidding, has gone to record low level of Rs 2.97 per unit. The lowest first year tariff for unit I of the solar power plant has been quoted by Mahindra Renewables at Rs 2.979 while for the second unit, Acme Solar has become the successful bidder with a tariff ... Read More »

Rs 600 crore allocated for “Grid connected Rooftop and small Solar Power Plants Programme”

An amount of Rs. 600 crore has been allocated for the projects under “Grid Connected Rooftop and Small Solar power Plants Programme” and Rs. 508.84 Crore has been released till 31.01.2017. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal, Mines New & Renewable Energy and Mines in a written reply to a question in Lok Sabha today. The Ministry of New & Renewable Energy (MNRE) has been  promoting “Grid Connected Rooftop and Small Solar ... Read More »

Solar gear manufacturing capacity still lags demand

According to reports, domestic solar cell and module manufacturing is way behind the country’s demand for the equipment, going by data collated by the Ministry of New and Renewable Energy (MNRE) in January end. Under the National Solar Mission, the government targets achieving an indigenous manufacturing capacity of 4-5 GW by 2020. Till December 2016-end, the country’s installed solar cell manufacturing capacity stood at 2,953 MW, considerably higher than 1,468 MW installed on June 2016 end. However, this number includes ... Read More »

Govt released Rs 509 crore for grid connected, small solar plans as on Jan 31: Piyush Goyal

According to reports, an amount of Rs 600 crore has been allocated for projects under Grid Connected Rooftop and Small Solar Power Plants Programme and Rs 508.84 crore has been released as on Jan 31, Piyush Goyal, power, coal, mines, renewable energy and mines minister today said in a written reply Lok Sabha. As per the figures given by the government, Tamil Nadu has been approved to set up the highest capacity of 312 Megawatt followed by Maharashtra at 100 ... Read More »

Madhya Pradesh set to pip Rajasthan in cheapest solar energy

According to reports,  India’s cheapest solar power below Rs 3.59 per unit will be produced at the biggest solar power plant of the world in Rewa. So far the cheapest tariff for solar power is Rs 4.34/unit, which is being generated at NTPC’s Bhadla Solar Park in Rajasthan. Auction for developing 750MW megawatt Solar Power Plant, comprising three units of 250 megawatt being developed in Rewa district, will be held on Thursday. And the plant is likely to be commissioned ... Read More »

World’s largest solar power project in MP set for aggressive bidding round today

According to reports, solar power tariff is set to witness another round of an aggressive bidding war by leading domestic and global firms on Thursday when the world’s largest solar power plant coming up in Madhya Pradesh goes for the second round of auction. Three units of 250 mega watt (MW) each in the project at Rewa district will go under the hammer in a reverse auction starting with a tariff of Rs3.59, Rs3.62 and Rs3.64 a unit, respectively, for ... Read More »

Schneider Electric powers 2 GW of solar capacity, eyes 2.5 GW by March

According to reports, Schneider Electric India has announced it has powered more than 2 giga watts (GW) of solar capacity in India through its inverters, transformers and other medium-voltage equipment and expects to achieve 2.5 GW by March 2017. Of the country’s cumulative solar capacity of 10,000 MW, 20 per cent flows through Schneider Electric’s equipment. By March 2017, the company plans to supply and commission equipment for another 500 MW solar projects, increasing its share of the total capacity to ... Read More »

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