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    India will be among the largest installations of renewable energy by 2022: Piyush Goyal

    According to reports, asserting that the present generation has the duty to leave behind a better place to live in for the next generation, Minister of State for Power, Coal, New and Renewable Energy and Mines Piyush Goyal on Saturday said by 2022, India will be one of the largest installations of renewable energy in world. Goyal also said Prime Minister Narendra Modi is committed towards ramping up renewable energy. “This government is committed and has created an actionable agenda ... Read More »

    India to invest $1.8 billion on lines to transmit solar power

    According to reports, India will invest Rs127 billion on lines to transmit power from solar parks to enable Prime Minister Narendra Modi’s goal of boosting clean energy capacity to 175 gigawatts by 2022. The dedicated transmission lines, part of the so-called green corridor project, will transmit 20 gigawatts of power capacity from 34 solar parks across 21 states, the government said Wednesday in a series of reports commissioned by minister for power, coal and mines Piyush Goyal. The reports were ... Read More »

    Azure Power Wins 50 MW Solar Power Project Under SECI Auction

    Azure Power (NYSE: AZRE), a leading solar power producer in India, announced that it has won a 50 MW solar power project under the National Solar Mission (NSM) Phase II Batch III, which was recently put up for auction by Solar Energy Corporation of India (SECI). Azure Power secured 50 MW of the total 100 MW capacity auctioned and will supply power to SECI for 25 years. The project will be built in the Ananthapuramu Solar Park, which is being developed ... Read More »

    Solar power project starts at HAL airport

    According to reports, to harness solar energy, a 3.5MW solar power project has been taken up by the HAL at its airport in the city. The project spread over 23 acres with 12,985 solar modules installed was inaugurated by HAL CMD T Suvarna Raju on Friday. “We are pleased to be a part of this environment friendly initiative by focusing on renewable energy to meet our demand for electricity. It is perfect example of promoting climate protection and conserving precious ... Read More »

    ACME appoints Harish Kapoor as Group President

    ACME has brought on board Harish Kapoor to head and lead the Corporate Affairs as Group President-Corporate Affairs. He will be responsible for further strengthening ACME’s leadership position in the Indian Solar Industry and achieving its goal to develop 7500 Mega Watt (MW) of Renewable Energy Projects by 2019. He will report to Mr. Manoj Kumar Upadhyay, Founder & Chairman, ACME Group. He has over three decades of rich experience in the areas of relationship building and leading the Policy, ... Read More »

    Viability gap funding likely for wind power

    According to reports, the Union Budget is likely to introduce viability gap funding and an incentive scheme for power distribution companies procuring wind power. If announced, these will be major reliefs for the wind power sector, which could lose key incentives by the end of this financial year. The previous Union Budget had capped accelerated depreciation at 40 per cent from April 2017. It was 80 per cent earlier. Also, the generation-based incentive of 50 paise per unit will cease ... Read More »

    BRICS bank approves USD 75 million loan for solar power project in China

    According to reports, the New Development Bank, jointly founded by the BRICS countries including India, today approved USD 75 million loan for a solar project in China. The loan was given to Shanghai Lingang Distributed Solar Power Project with a maturity length of 17 years under an agreement signed between New Development Bank (NDB), the Ministry of Finance and the Shanghai municipal government, an Asian Development Bank (ADB) statement said. “The solar power project is a good example of forward-looking ... Read More »

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