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Commission to fix feed-in tariff for solar power

According to reports, for the first time in the country , a feed-in tariff for rooftop solar power will be fixed by the Tamil Nadu Electricity Regulatory Commission (TNERC) soon. State power utility Tangedco has proposed the new tariff to resolve the net-metering problems faced by rooftop power generators. Many individuals, schools, colleges and other buildings have solar power units on terraces but are unable to connect them to the grid without a net meter which calculates the number of ... Read More »

Railways looking to access 10 MW through the day from Rewa Ultra Mega Solar project

According to reports, the Indian Railways is working on an arrangement where it can use Rewa Ultra Mega Solar Ltd (RUMS) as a power bank so that it can access 10 mega watt solar power throughout the day. The solar power banking facility is being worked out to meet the traction requirement, or running trains, and the tariffs for the same are being negotiated. RUMS is a joint venture of Solar Energy Corporation of India and the Madhya Pradesh government. ... Read More »

Actis to invest $500 million in green energy platform Solenergi

According to reports, Private equity fund Actis LLP plans to invest around $500 million in its second green energy platform in India, Solenergi Power Pvt. Ltd, two people aware of the development said. Solenergi is among the successful bidders for the Rewa solar power project in Madhya Pradesh. “Actis recently completed the fund round for its fourth fund. Of this, it plans to deploy around $500 million for Solenergi Power,” said one of the two people cited above, requesting anonymity. ... Read More »

Global pension funds scout for deals in India’s solar power sector

According to reports, some of the world’s biggest pension funds, seeking long-term returns on green investments, are scouting for deals in India’s solar power sector, where Prime Minister Narendra Modi is targeting $100 billion in investment in the next five years. Power demand in Asia’s third-largest economy is set to surge as the economy grows and more people move into the cities. India estimates peak electricity demand will more than quadruple in the next two decades to 690 gigawatt (GW), ... Read More »

Rayalaseema poised for solar energy revolution

According to reports, with huge tracts of an arid landscape and a maximum number of sunny days throughout the year compared to the coastal districts, the Rayalaseema region is poised for a revolution of sorts in the generation of solar energy with the 1,000 MW Ultra Mega Solar Park (UMSP) at Orvakal in Kurnool district taking the lead by producing 900 MW. It is followed by the UMSP at N.P. Kunta in Anantapur district which is generating 250 MW of ... Read More »

When consultants become entrepreneurs in solar power sector

According to reports, the opportunity to build sustainable energy solutions and the ambitious plans of the centre lured Rupesh Agarwal into the solar energy sector, after he had spent more than 17 years in management consulting. Agarwal, India head of UK-based Lightsource Renewable Energy, one of the world’s largest solar photovoltaic energy generators, was earlier instrumental in setting up and leading renewable energy practice at consulting firms EY and BDO. Like Agarwal, several professionals with a background in consulting have ... Read More »

Power Grid Corp. of India girds up for solar challenge

According to reports, as India pursues its ambitious solar energy plans, the national grid is girding up for a smooth transition to a low carbon economy. It’s a transition that is changing the face of the transmission business at every step, from the drawing board to costs and technology. State-owned Power Grid Corp. of India Ltd, which is working to improve the capacity and efficiency of inter-state transmission networks, is setting up transmission corridors to supply power from solar parks ... Read More »

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