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    Nalco to set up 150 MW wind, solar plants

    According to reports, Navratna PSU Nalco is planning to set up wind and solar power plants of 150 MW in the State for which it has sought early allocation of land from Odisha Government, said Minister of State for Power, Coal, New and Renewable Energy and Mines Piyush Goyal here on Saturday. Addressing the gathering at the unveiling ceremony of Nalco’s wind power plants, he said while the nation is transforming into a global leader under the Prime Minister’s Swadeshi ... Read More »

    GST slab: Will it be breeze or blaze for players in wind and solar sectors?

    According to reports, players in the solar and wind energy sectors are in fix over the tax slab they may fall under the Goods and Services Tax (GST) regime. Currently, the effective tax rate on wind energy is 8.5 per cent, and that on solar energy generated from imported panels is close to 1.5 per cent. According to Harpreet Singh, Partner, Indirect Tax at KPMG India, “The government is likely to put renewable energy under the 5 per cent slab ... Read More »

    Limit on ‘rooftop solar power’ output scrapped in Gujarat

    According to reports, Chief Minister Vijay Rupani on Thursday announced a key change in the ‘Rooftop Solar Project Policy for Homes’ — the condition that the solar plant’s capacity should be within 50% of the sanctioned load has been removed. He announced the relaxation to resolve difficulties faced by people in optimum utilization of their rooftop solar power plants. People with even low sanctioned load can now go for maximum utilization of capacity. Gujarat had announced the rooftop solar plant policy ... Read More »

    Andhra Pradesh power regulator, main generation company spar over wind energy tariff

    According to reports,  Andhra Pradesh, the most aggressive state in building renewable energy capacity last year, may soon lose its momentum because of a standoff between the state’s power regulator and its main generation company over the future cost of wind power. As it does every year, on March 30, the Andhra Pradesh Electricity Regulatory Commission (APERC) passed an order setting down the preferential tariff the state would pay for wind power in 2017-18. But the state’s main generation company, ... Read More »

    IDFC Alternatives eyes First Solar’s $200 mn assets in India

    According to reports, IDFC Alternatives is reported to be looking to buy First Solar’s 200 MW of renewable power assets in India in a deal potentially valued at around $200 million. IDFC Alternatives, the asset management arm of the infrastructure-focused lender, is currently in talks to buy First Solar’s 200 megawatts (MW) of renewable power assets in India, a Mint report said quoting two people close to the development. First Solar, a US-based photovoltaic (PV) panel maker, was one of the ... Read More »

    Vikram Solar commissions 10 MW solar plant at Tirupati in AP

    According to reports, clean energy solutions provider Vikram Solar today said it has commissioned a 10 mw solar plant at Tirumala Tirupati Devasthanams land in Andhra Pradesh. “The project has been developed under the PPA scheme between Tirumala Tirupati Devasthanams (TTD) and Vikram Solar Pvt Ltd,” Vikram Solar said in a statement today. The project will facilitate green power generation to cater to the energy needs of one of the most famous religious landmarks in India, it said. With this ... Read More »

    India solar transactions top global fund raise of $3.2 billion so far in 2017: report

    According to reports, Indian renewable energy companies have raised over $1.62 billion during the first quarter of 2017 in transactions ranging from venture capital (VC) funding, debt financing, project funding and merger and acquisitions (M&A), according to data from Mercom Capital Group Llc., a global clean energy consulting firm. Transactions in Indian solar and renewable energy companies made up for nearly half of the total global funding raised by solar companies around the world in the first three months of ... Read More »

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