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    AfDB to discuss solar alliance, export credits with India

    According to reports, the International Solar Alliance (ISA), which was mooted by Prime Minister Narendra Modi, and the $10-billion export credits promised by India to African nations are among the major issues that will come up for discussion with Indian officials at the annual meeting of the African Development Bank that begins at Gandhinagar in Gujarat from May 22-26. Modi is scheduled to attend the event on May 23. “The India-Africa forum summit (in 2015) set the tone for a ... Read More »

    No impact of GST on renewables, no need for lower taxes: Piyush Goyal

    According to reports, with renewables tariff already touching new lows, Power Minister Piyush Goyal today said there was no need for lower taxes to encourage clean energy and the GSTregime will have no impact on power rates. However, the minister is hopeful that lower GST rate of 5 per cent on coal, compared to existing 11.69 per cent, would help discoms provide power at affordable rates. “We don’t need support of lower taxes to encourage renewable energy. By itself, it is ... Read More »

    Before sunlight turns shadowy

    According to reports, the per unit price of solar power in India has dropped from ₹15 to ₹2.44 in 5 years In fact, it has fallen from ₹4.50 within one year. Has the technology improved so much in the solar sector to facilitate this fall? Has solar become commercially viable and attractive for everyone? Have government incentives enabled this price fall? How much further will prices fall in the next five years? Is this sustainable? If this sector is in ... Read More »

    Suzlon installs 1,779 MW in FY17

    According to reports, renewable energy company Suzlon has recorded an all-time high commissioning, by installing 1,779 MW in FY17 taking its cumulative installations to over 11 GW in India and over 17 GW worldwide. The company’s order book as on March 31, 2017 stood at 670 MW. The order intake during Q1 FY 18 so far is 411 MW and an additional order of 250 MW from its customers in the SECI bidding. These orders have been received from IPP customers ... Read More »

    India eyes cooperation with Africa on international solar alliance

    According to reports, India is eyeing cooperation with African nations on the International Solar Alliance (ISA) initiative and looking forward to deepen economic cooperation during the upcoming annual meetings of African Development Bank (AfDB) Group here from May 22. For the first time, India would be hosting the annual meetings of the bank here from May 22-26. The annual meet will be inaugurated by Prime Minister Narendra Modi on May 23. “India would seek to leverage this occasion to further deepen ... Read More »

    International Solar Alliance to set up $300 bn fund

    According to reports, the International Solar Alliance (ISA) is proposing to set up a $300 billion fund to support clean energy projects in member countries over the next 10 years. “The proposal is to strive for 300 billion dollar global fund over 10 year with contributions from the World Bank … and also from Green Climate Fund to leverage $3,000 billion investment from the corporate sector for meeting investment requirement for solar energy programmes and projects in ISA member countries ... Read More »

    International Solar Alliance expects 15-nation support to be legal entity

    According to reports, Interim Director General of International Solar Alliance (ISA) Upendra Tripathy on Thursday said that the alliance hopes to get a ratification from 15 nations to become a legal international body. “We expect that in the next three-four months we should reach that magic figure of ratification by 15 nations,” Tripathy told IANS on the sidelines of a media briefing here.  “Thirty days after the fifteenth nation puts its instrument of ratification and deposit in Ministry of External ... Read More »

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