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    No occupancy certificate without solar power panel in Gurugram

    According to reports, two years after making it mandatory for all buildings on plots of 500 square metres or more to install rooftop solar power systems, the state government has issued a notification directing all authorities to appoint nodal officers for strict implementation of the scheme in buildings, including residential ones. According to the new notification, Huda will issue occupancy certificate (OC) for a building on plot size 500 sq m and above only after seeing its certificate of installation ... Read More »

    Bidders raise concerns over NTPC’s Andaman storage-linked solar project

    According to reports, NTPC’s storage-linked solar project in the Andaman & Nicobar Islands is facing hiccups at the inception stage itself. The Centre wants to shift the power eco-system of the islands from diesel power to a 24-hour solar power. But, bidders interested in the project told BusinessLine that they are sceptical there are financial concerns in the project viability. Those interested in the project include Rays Power Infra, Hero Future Energies and Renew Power and Amplus Solar. Developers say that ... Read More »

    Azure Power Taps IBRD (World Bank) Loan to Scale its Azure Roof Power Platform

    Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has been granted INR 678.3 (US$ ~10.5) million of low-cost debt financing through the SBI-World Bank: Grid Connected Rooftop Solar PV Program. The loan is for 15 years with an interest rate of 8.35% per annum, one of the lowest interest rates availed by a solar power developer in the Indian solar sector to date. The loan will be utilized to scale Azure Roof Power, Azure Power’s solar ... Read More »

    Government’s e-vehicle fleet plan is doable: Sanjeev Sharma, MD, ABB India

    According to reports, ABB India is investing about $100 million every year to ramp up its offerings in the utilities, transportation and infrastructural space in India, Sanjeev Sharma, MD at ABB India, told ET’s Vatsala Gaur and Satish John in an interview. Transportation orders at ABB’s Indian subsidiary have more than doubled in the past two years, with ABB technology being a part of all the operational metro projects. On the Indian government’s target to create a fleet of only electric ... Read More »

    Rajasthan invites Japanese firms in solar energy sector

    According to reports, Rajasthan Chief Minister Vasundhara Raje on Wednesday invited Japanese companies to invest in solar energy sector in the state. In her meeting with a delegation of Japan External Trade Organization (JETRO) here, she said solar energy is the power of the future and Rajasthan is the ideal destination for investment in Solar Energy. “Rajasthan has benefitted from the special relationship between India and Japan. Japan and Rajasthan have been working together for more than a decade and ... Read More »

    How India is leading the energy efficiency revolution

    According to reports, during the past century, rapid strides made by economies towards development and industrialization have led to an increase in the global carbon footprint. This is demonstrated by the paradigm shift in the attitude of countries party to the 2015 Paris Agreement, which reflects the seriousness of countries towards the challenges posed by climate change as well as the way the consequent damages are being discussed and addressed around the world. This renewed ambition to adopt the Paris ... Read More »

    Bihar eyes Rs 20,000 cr investment in renewable energy

    According to reports, Bihar is eyeing an investment of Rs 20,000 crore in the renewable energy sector in the next five years to generate over 3,000 MW of clean energy, officials on Thursday said here. The plan is part of the new renewable energy policy that aims to tap the potential of new and renewable sources of energy in the state. “Bihar has witnessed phenomenal improvement in the power sector in the last few years. Now our focus is on renewable ... Read More »

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