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Solar power tariff drops from Rs 7.1 to Rs 4.4 per unit in 1 yr in Tamil Nadu

According to reports, Solar power generation tariff was fixed at Rs 4.40 per unit by Tangedco on Saturday .With this, the tariff came down from Rs 7.10 to Rs 4.40 within a year. The Tamil Nadu Generation and Distribution Cooperation (Tangedco) opened the bids for 300MW of solar power to be set up during 2017-18 and found a bid for 100MW at Rs 4.40 per unit and the upset tariff fixed by the discom was Rs 4.50 per unit. “This ... Read More »

Schneider Electric India powers 2 GW of solar capacity in India, targets 2.5 GW by March 2017

Schneider Electric India – a global specialist in energy management and automation – has announced that it has powered more than 2 Giga watts (GW) of solar capacity in India through its range of inverters, transformers and other medium-voltage equipment commissioned across solar projects in India under the Jawaharlal Nehru National Solar Mission (JNNSM) & other schemes. India’s cumulative solar capacity has crossed 10,000 MW, 20% of which is flowing through Schneider Electric’s equipment. By March 2017, the company plans ... Read More »

India’s New Solar Auction Lights the Way to Modi’s Green Targets

According to reports, record low Indian solar tariffs tendered at a groundbreaking auction may catalyze green investments and help tip the balance of new power to renewables and away from fossil fuels.  Solar power in India fell to a record 3.30 rupees (5 U.S. cents) a kilowatt-hour on Feb. 10 after a World Bank-backed auction helped the central Madhya Pradesh state tender 750 megawatts of power. The auction format, which included payment guarantees and was run by the state and central ... Read More »


According to reports, Mysuru and Hassan railway stations will soon have solar panels installed on the roof. It is part of an all-India initiative by the Ministry of Railways. In Mysuru Railway division, Mysuru and Hassan stations will soon allot space to private parties on the roof of station premises for setting up the panels. Both stations will have solar panels with a 200 kw capacity unit generating 2000 units of electricity every day. Sources from Railways told Bangalore Mirror that ... Read More »

Solar energy prospects brighten

According to reports, the Tamil Nadu Generation and Distribution Corporation (Tangedco) has received the lowest price bid of ₹4.40 per kilowatt hour for its 500 MW solar tender, lower than its benchmark tariff of ₹4.50/kwh. The State power utility had floated a tender for procuring 500 MW of solar power, after its previous tender last year received a tepid response. In the new tender, it had received bids from 22 developers to set up 300 MW of capacity. “The price ... Read More »

MPs told to contribute for solar electrification of villages

According to reports, all Members of Parliament have been asked to contribute through their MPLADS fund towards providing street lights in rural areas of the country powered by solar energy. A directive in this regard has been issued to members of both Rajya Sabha and Lok Sabha. The contribution has to be made from MPLADS (MPs’ Local Area Development scheme), it said. The move is in keeping with the government’s emphasis on the maximum use of new and renewable energy which includes ... Read More »

MP project shows cost competitiveness of solar energy: Icra

According to reports, with the solar tariffs falling to Rs 3.3 per unit for a 25-year PPA for the 750 MW Rewa Ultra Mega Solar project in Madhya Pradesh, rating agency ICRA said the cost competitiveness of solar against both alternate renewable as well as conventional energy sources has improved. “This is the lowest discovered tariff through a reverse auction based bidding route for grid connected utility scale solar PV project in India. This signifies a major improvement in the ... Read More »

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