Solar

Centre to put up 50 Gw of renewable projects for bidding this year

Of this, at least one Gw would be wind energy

First Solar, Reliance, Avaada Group among winners of $2.4 bn green aid

The 39.6 gigawatts of manufacturing capacity is expected to require investment of 930.4 billion rupees, according to a government statement

CRISIL reaffirms ratings for Adani Group's solar, wind power units

The shares of listed Adani group companies have witnessed huge volatility in prices after US-based short-seller Hindenburg's research report

ESAF Bank, V-Guard partners to finance solar rooftop power systems

ESAF Small Finance Bank and electric equipment manufacturer V-Guard Industries signed an agreement to provide financing options to customers looking to install solar rooftop power systems. Under the agreement, ESAF Bank will provide various financing options, including loans and attractive installment payment plans, a statement said. With the strategic alliance with ESAF Bank, it said, consumers can opt to finance up to 80 per cent of the total cost of the rooftop solar power system, including the cost of installation for residential or commercial applications. This collaboration will not only reduce the burden on customers to make an upfront payment but also enable them to generate their own electricity, thereby reducing their dependence on the grid, it said. This partnership will enable customers to switch to clean energy with ease and affordability, it added.

Next big thing is to take solar to everyone's life: ISA Director-General

In a Q&A, Dr Ajay Mathur talks about the Alliance's current agenda, and financing and capacity building plans across green sectors

ACME Group to invest Rs 1.5 trn in green hydrogen over 7 yrs; seeks tie-ups

Plans come at a time when govt is likely to announce a green hydrogen purchase obligation for fertiliser and petroleum units, similar to renewable purchase obligation

New solar PLI scheme to cap bidding capacity at 10 Gw for past winners

The minimum Local Value Addition (LVA) or use of local content for participating manufacturers kept at 90%

Solar lights to illuminate rural Bihar roads from April 15: Nitish Kumar

Bihar Chief Minister Nitish Kumar on Thursday asked the departments concerned to make the solar-powered street lighting scheme functional in rural areas of the state from April 15.

SJVN gets a letter of intent to supply 200MW solar power to Bihar

State-owned SJVN Ltd on Friday said it has got a letter of intent (LoI) for supply of 200 MW solar power to Bihar. "Bihar Renewable Energy Development Agency (BREDA) has issued LoI for procurement of 200 MW of power at a discovered tariff of Rs 3.11 per kWh from...SJVN from the company's grid connected solar power project being implemented in the state of Bihar," a company statement said. The LoI has been issued after approval of tariff by Bihar Electricity Regulatory Commission (BERC). SJVN will sign a power purchase agreement soon in this regard. Nand Lal Sharma, Chairman & Managing Director of SJVN said the company had bagged a grid connect solar power project in Bihar through an open competitive tariff bidding process for capacity of 200 MW during an e-reverse auction in August 2021. Sharma further said the tentative cost of construction and development of this project will be Rs 1,000 crore. The project is expected to generate 420.48 MU (million units) in the first year and .

Ramcharan Co wins $2.2-bn order for waste-to-energy units from Ghana

Comes close to securing $4.14 billion from TFCC International

4,669 hectares of fields in Himachal Pradesh covered with solar fencing

A provision of 80 per cent subsidy is for setting up solar power fences at an individual level and 85 per cent subsidy at the community level.

Reliance buys Norway's REC Solar Holdings from China's Bluestar for $771 mn

This is the first major renewable energy deal, where an equipment manufacturing facility has been acquired

Sterling and Wilson Solar reports Rs 76 cr loss in June quarter

Sterling and Wilson Solar on Saturday reported a consolidated net loss of Rs 76.02 crore for the June quarter against a net profit of Rs 17.22 crore in the quarter ended on June 30, 2020. Total income of the company rose to Rs 1,227.20 crore in the quarter under review from Rs 1,099.38 crore in the same period a year ago, according to a regulatory filing by the company. "Other expenses during the quarter ended 30 June 2021 include forward contract cancellation charges aggregating to Rs 80.46 crores. A few of these contracts, with a corresponding cost of Rs 49.15 crores, have been re-booked during the quarter, as the corresponding revenue against such forward contracts is to be accrued in subsequent periods." About the impact of pandemic, it stated that the Management believes that the Group will continue its business in the foreseeable future, so as to be able to realise its assets and discharge its liabilities in the normal course. During the quarter ended 30 June 2021, the ...

Rooftop solutions co MYSUN raises Rs 15cr debt funding from Tata Cleantech

The firm recently launched its solar asset vehicle MYSUN+ to develop projects under the distributed and open access models with an investment of Rs 600 cr in the first phase

No impact of repayment delay on working capital: Sterling & Wilson Solar

Promoters aim to reduce outstanding loan by Rs 1,000 crore from listing date, by December 31

Govt to offer Pacific island nations $150 mn credit line for climate issues

Modi underlined the reality of climate change and called for increasing the share of renewable energy in the total energy mix to mitigate many adverse effects of climate change

The lure of floating solar plants

Water is emerging as the new land for solar plants in India, and around the world

2016: A year that unlocked mysteries of our solar system

Rather than acting as a barrier to our observations, Venus' clouds may offer insight into what lies beneath

Supply glut in solar panel market favours prices in India: Bridge to India

The glut is likely to continue for a year and possibly longer as China is unlikely to grow

Govt lines up over Rs 17k crore to support rooftop solar projects

The World Bank has committed a loan of $620 million