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  • Latest Renewable Energy News

    National Solar Mission loans at 5% does not violate base rate norms: Reserve Bank of India(RBI)

    As readers of Panchabuta are aware,  Ministry of New and Renewable Energy (MNRE) has formulated a scheme on financing of off-grid and decentralised solar (Photovoltaic and Thermal) applications as part of the Jawaharlal Nehru National Solar Mission(JNNSM). The scheme provided for routing the capital subsidy and the interest subsidy on bank loans availed by the clients from the banking system for solar energy conversion/ user systems and devises under this scheme through National Bank for Agriculture and RuralDevelopment (NABARD). “The Capital ... Read More »

    Carborundum Universal Limited (CUMI) in JV talks for Renewable Energy sector manufacturing in the Solar Energy Industry

    According to reports, Carborundum Universal Limited (CUMI), a part of the Chennai-based industrial conglomerate Murugappa Group, manufacturing abrasives, ceramics and super refractories, is looking for joint ventures to foray into renewable energy materials manufacturing. “We are looking at setting up a couple of joint ventures in renewable energy space. Talks with some foreign companies for partnership are on the way,” K Srinivasan, managing director, CUMI told Business Standard. The company already has a 25-acre central government approved renewable energy SEZ ... Read More »

    Malaysia in talks with Centre for Wind Energy Technology (C-WET) for technical expertise to harness wind potential

    Centre for Wind Energy Technology (C-WET) has been established by MNRE at Chennai as an autonomous R&D institution of Government of India. C-WET has played a major role in the growth of the wind sector in India and harnessing wind energy has come a long way in India, on par with international development, with the private sector actively participating in the path laid down by Ministry of New and Renewable Energy (MNRE) over the last decade. The institution has  a ... Read More »

    State Bank of India (SBI) becomes signatory to Carbon Disclosure Project

    India has announced a goal of reducing the emissions intensity of its GDP by 20-25% by the year 2020, as compared to 2005. The Carbon Disclosure Leadership Index (CDLI) rankings are part of the Carbon Disclosure Project (CDP), the gold standard globally for Climate Change disclosures. The India chapter of the CDP is stewarded by the CII-ITC Center for Sustainable Development and WWF India.The CII-ITC Centre of Excellence for Sustainable Development was set up to create a conducive climate for ... Read More »

    Tata BP Solar wins Electronics for You (EFY) Readers Choice Award 2010

    Tata BP Solar is a joint venture of BP Solar (51%) with Tata Power (49%). Tata BP Solar has played an active  role in developing the Indian solar market over the last 20 years during the phase when only off-grid products such as solar lanterns and home lightings systems and solar street lights could be sold in India. The company has established rooftop and free field solar power plants and megawatt-scale grid connected solar power plants in Germany, Spain, USA, ... Read More »

    400 Telecom Towers to be powered under the Jawaharlal Nehru National Solar Mission (JNNSM) Solar at a cost of Rs.1.2 bn

    As regular readers of Panchabuta know,we have often talked about the huge potential that off-grid solar offers. We believe that big potential exists in the Telecom infrastructure, Railways, Defence sector apart from numerous domestic and industrial applications in the low and medium temperature solar collectors. The department of telecom (DoT) plans to provide subsidies and incentives to operators using renewable energy as Panchabuta has often repeated. Panchabuta has earlier reported that, a proposal is being finalized  by the ministry of ... Read More »

    India to have geothermal policy by March:Ramesh Narayan Sawant, Director-ministry of new and renewable energy

    Tata Power is India’s largest private power utility. Tata Power as an experienced project developer has identified the key challenges and opportunities in the RE space in project execution.  The company said that it would focus on the top three renewable technologies of solar, geothermal and wind as far as it is concerned in India. The company has also bet big on geothermal energy and has an equity stake in Australia’s Geodynamics. It also has an agreement with the Gujarat state government to ... Read More »

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