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    Government nod for ratifying International Solar Alliance Agreement

    According to reports, Government on Wednesday gave ex post facto approval to the proposal of Ministry of New & Renewable Energy for ratification of the International Solar Alliance’s (ISA) Framework Agreement by India. “The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its ex post facto approval to the proposal of the Ministry of New & Renewable Energy (MNRE) for ratification of ISA’s Framework Agreement by India,” the Ministry of New and Renewable Energy said in a statement. ... Read More »

    2.51 lakh RECs traded in December: IEX

    According to reports, a total of 2.51 lakh renewable energy certificates (RECs) were traded in December, power exchange IEX said. “A total of 2.51 lakh RECs were traded in the REC trading session held on 28th December, 2016 at IEX,” it said in a statement. Power distribution companies as well as open access and captive consumers are under obligation to buy RECs from renewable energy producers under RPO mandated by central/state regulatory commissions. RECs are aimed at providing an easier ... Read More »

    Enjoy Rooftop Sunshine

    According to reports, the Sun has never shone brighter for the rooftop solar market in India. After years of neglect and false dawns, this segment is all set to break out of the shackles of utility solar and stand on its feet. In 2016, we have witnessed more installations than the entire installed capacity so far. Principally, there are a few key factors that have had a positive impact on the Indian rooftop solar industry. Gagan Vermani, the Founder and ... Read More »

    Metro Rail’s solar power dream hits policy hurdle

    According to reports, the plans of Nagpur Metro Rail Corporation Limited(NMRCL) to meet 65% of its energy needs through solar power has hit a policy hurdle. The fate of the project now depends on Maharashtra Electricity Regulatory Commission (MERC). NMRCL’s petition will be heard by the Commission on January 17. Solarization is vital for the success of the Metro Rail project. The cost of MSEDCL power as per the Commission’s latest tariff order is Rs7.33 per unit. This is exclusive ... Read More »

    India’s flagship green energy event put off

    According to reports, the annual renewable energy event RE-Invest, which was launched with aplomb in 2015, has been postponed for the third time, indefinitely now. Industry insiders and government officials said lack of sponsors and interest from the industry led to the postponement of the event. The response from the clean energy industry is due to the fact that most renewable energy companies are nowhere close to meeting their committed targets for capacity addition, according to government officials. RE-Invest was ... Read More »

    UDAY a welcome step for issues concerning discoms: Anil Chaudhry, Schneider Electric

    According to reports, in an exclusive chat with ET Nowm Anil Chaudhry, Country President & MD, Schneider Electric, said that the industry is seeing short-term challenges in the back of demonetisation. ET Now: Do you think schemes like UDAY or IPDS provide a new lease of life to the power sector and what are you expecting from the budget as well? Anil Chaudhry: So UDAY is a very welcome step to restructure that which most of our discoms have been ... Read More »

    Solar power-lit Bhat auditorium to open soon

    According to reports, the Nagpur Municipal Corporation (NMC) is set to open city’s biggest hall, Suresh Bhat Auditorium with a seating capacity of 2,000, soon. The auditorium will become the city’s first to be illuminated with solar power. The standing committee headed by Sudhir Raut, on Monday, approved the proposal to set up solar power production system at the auditorium at a cost of Rs1.18 crore. The private firm, Sadique and Company, constructing the auditorium will set up the system. ... Read More »

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