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    GOVT TO ENCOURAGE POWER THROUGH SOLAR ENERGY

    According to reports, Central and State Governments are encouraging power production through solar energy. The programme of installing rooftop solar plants over the buildings of institutional areas is being comprehensively implemented across the State and the country. Under this scheme, orders for installation of solar power plants in 39 collector offices of the State have been issued by MP Urja Vikas Nigam. The 39 solar power plants to be installed in the 39 collector offices of the state would have ... Read More »

    Vikram Solar ties up with Israels Water-Gen

    According to reports, Vikram Solar today said it has signed an MoU with Israels Water-Gen to develop clean and hygienic drinking water solutions in the country. “The technology developed by Water-Gen to create and store drinking water by harvesting condensation from air, provides a potential solution to the clean and safe drinkable water crisis faced by India,” Vikram Solar said in a statement. According to the statement, the larger objective of this collaboration is to make available drinking water to ... Read More »

    Atria Power in talks to raise $100 million in structured debt from Piramal

    According to reports, Atria Power Corp. Ltd, a Bengaluru-based renewable power producer, is in talks with Piramal Group to raise structured debt worth $100 million, two people aware of the development said. Atria, which is backed by marquee investor GE Energy Financial Services, an affiliate of General Electric Co., is seeking to expand capacity and repay investors with the proceeds, one of the two said on condition of anonymity. The finance will be extended by Piramal Enterprises Ltd’s structured finance ... Read More »

    Maharashtra to reboot wind power purchase pact after 3 years

    The Maharashtra State Electricity Distribution Company, the prime power utility, is ready to ink power buying agreements with wind developers in the state after a hiatus of three years. The president of the Wind Independent Power Producers Association said in an official statement that they have received an assurance from the discom about the immediate roll out of the PPAs of wind projects. He added that the discom will proceed in chronological order and with PPAs of those developers whose ... Read More »

    Renewables to be over 60% of India’s generation capacity: Piyush Goyal

    According to reports, enthused by drop in renewable energy tariff, Power Minister Piyush Goyal today said India’s 60-65% of installed power generation capacity will be green energy. “Going by prices we have discovered, I am inspired to say that 60-65% of India’s installed capacity base will be green energy,” Goyal said at Take Pride event organised by CII. He further said, “India’s renewable energy programme is a great example of how you can do big by thinking big.” Earlier this ... Read More »

    India’s solar power sector is getting commoditized: First Solar

    According to reports, India’s solar power sector is becoming commoditized and margins are getting squeezed across the sector’s value chain, according to Sujoy Ghosh, country head of US-based First Solar Inc.’s India unit. First Solar, a US-based photovoltaic (PV) panel maker and one of the first overseas companies to enter India’s solar energy market, started selling solar modules to project developers in India in 2012 and counts the country as its second-largest market after the US in terms of total shipments. ... Read More »

    Policy interventions behind solar tariff plunge

    According to reports, the government’s policy interventions such as waiver of transmission and wheeling costs have helped solar tariffs plunge, power ministry’s joint secretary Jyoti Arora said at the Economic Times Global Business Summit. Solar tariffs have plunged below Rs 3 per unit at the latest auction in Madhya Pradesh, but experts were unanimous that the sector is capable of standing on its own feet with policy support from the government. “Hidden costs like the cost of transmission and balancing ... Read More »

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