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Nalco to set up 150 MW wind, solar plants

According to reports, Navratna PSU Nalco is planning to set up wind and solar power plants of 150 MW in the State for which it has sought early allocation of land from Odisha Government, said Minister of State for Power, Coal, New and Renewable Energy and Mines Piyush Goyal here on Saturday. Addressing the gathering at the unveiling ceremony of Nalco’s wind power plants, he said while the nation is transforming into a global leader under the Prime Minister’s Swadeshi ... Read More »

GST slab: Will it be breeze or blaze for players in wind and solar sectors?

According to reports, players in the solar and wind energy sectors are in fix over the tax slab they may fall under the Goods and Services Tax (GST) regime. Currently, the effective tax rate on wind energy is 8.5 per cent, and that on solar energy generated from imported panels is close to 1.5 per cent. According to Harpreet Singh, Partner, Indirect Tax at KPMG India, “The government is likely to put renewable energy under the 5 per cent slab ... Read More »

Limit on ‘rooftop solar power’ output scrapped in Gujarat

According to reports, Chief Minister Vijay Rupani on Thursday announced a key change in the ‘Rooftop Solar Project Policy for Homes’ — the condition that the solar plant’s capacity should be within 50% of the sanctioned load has been removed. He announced the relaxation to resolve difficulties faced by people in optimum utilization of their rooftop solar power plants. People with even low sanctioned load can now go for maximum utilization of capacity. Gujarat had announced the rooftop solar plant policy ... Read More »

IDFC Alternatives eyes First Solar’s $200 mn assets in India

According to reports, IDFC Alternatives is reported to be looking to buy First Solar’s 200 MW of renewable power assets in India in a deal potentially valued at around $200 million. IDFC Alternatives, the asset management arm of the infrastructure-focused lender, is currently in talks to buy First Solar’s 200 megawatts (MW) of renewable power assets in India, a Mint report said quoting two people close to the development. First Solar, a US-based photovoltaic (PV) panel maker, was one of the ... Read More »

Vikram Solar commissions 10 MW solar plant at Tirupati in AP

According to reports, clean energy solutions provider Vikram Solar today said it has commissioned a 10 mw solar plant at Tirumala Tirupati Devasthanams land in Andhra Pradesh. “The project has been developed under the PPA scheme between Tirumala Tirupati Devasthanams (TTD) and Vikram Solar Pvt Ltd,” Vikram Solar said in a statement today. The project will facilitate green power generation to cater to the energy needs of one of the most famous religious landmarks in India, it said. With this ... Read More »

Metro’s roof-top solar project gets registered with UN climate framework

According to reports, the Delhi Metro’s initiative to install roof-top solar power plants at its premises has become the “first-ever” green project to be registered with a UN framework on climate change for any metro or railway system in the world. The clean development mechanism project has been registered with the United Nations Framework Convention on Climate Change (UNFCCC) under the ‘small scale category’ for facilities with an installed solar capacity of less than 15 MW, the Delhi Metro Rail ... Read More »

French company Solairedirect makes history, again

According to reports, French company Solairedirect, which won the rights to put up 250 MW of solar plants and sell power to NTPC Ltd at a record-low tariff of Rs. 3.15 a kWhr in the auction process that concluded on Tuesday, has created history in India for the second time. On December 2, 2011, Solairedirect had hit the headlines by winning 5 MW of capacity rights by quoting a then record low tariff of Rs. 7.49 a kWhr – a ... Read More »

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