Page 6 - Solar Power

IFC proposes $50mn debt finance for Thar Surya solar power project

International Finance Corporation (IFC) plans to debt finance the construction of Thar Surya 1 Pvt Ltd's 300 MW solar power project in Bikaner, Rajasthan by $50 million

White goods, solar modules get Rs 10,738 crore worth of PLI push

While incentives worth Rs 6,238 crore would be provided over five years for manufacturing of white goods in India, the outlay for solar PV modules is Rs 4,500 crore

Capacity building at appropriate time is important, says ISA's Ajay Mathur

International Solar Alliance (ISA): We don't want to land in the same situation as that of fossil fuels when it comes to waste, said Mathur

Par panel asks MNRE to increase solar capacity target under CPSU scheme

A parliamentary panel has asked the Ministry of New & Renewable Energy (MNRE) to increase the capacity addition target under the scheme for setting up grid-connected solar projects by CPSUs and to take pro-active steps to encourage more participation from these units. MNRE is implementing the scheme for setting up grid-connected solar PV power projects by central public sector undertakings (CPSUs) and government organizations with Viability Gap Funding (VGF). As per the scheme, these projects are implemented with domestically manufactured solar cells and modules. "Target under the scheme for setting up of grid-connected solar PV power projects by CPSUs and government organizations should be increased. "Since only a few CPSUs have participated in the scheme till date, the Ministry should take pro-active steps and encourage more CPSUs/government organizations to participate in the scheme," said Parliamentary Standing Committee on Energy in its 17th report tabled in Parliament ...

Best of BS Opinions: Tariff on solar power, Biden's mega stimulus, and more

Here's a selection of Business Standard opinion pieces for the day

Shadow over solar power

Punitive tariffs on components will cripple a growing sector

IEA says India's solar energy output to match coal-fired power by 2040

Coal currently dominates India's electricity sector, accounting for over 70% of overall generation with only about 4% produced through solar

Offshore wind, jobs, hydrogen

BNEF is forecasting a surge in offshore wind installations this decade

Adani Green arm commissions 100 MW solar power plant in Jalalabad

Adani Green Energy on Monday said that its arm ASE4PL has commissioned a 100 MW solar power project at Jalalabad in Uttar Pradesh

Tata Power Solar wins Rs 1,200 cr order from NTPC to set up 320 MW project

The order value of the project is approximately Rs 1,200 crore ( USD 162 million). The commercial operation date for this project is set for May 2022

A good climate year

From record low tariff for solar power in India to Joe Biden making climate change his core agenda, 2021 will mark events that will prove to be a good year for the climate

Uzbekistan signs loan and guarantee agreements for its first solar plant

The World Bank will also provide a $5.1 million payment guarantee for the Uzbek government to backstop payment obligations of the project

NIIF to hold majority stake in CDC's Ayana Renewable after fresh infusion

CDC will put in $70 million as addl equity, NIIF $284 million and GGEF $36 million. The commitment is subject to final approval processes

The 'stunner' from India

India's rooftop solar installations are a little over 10% of the 40-Gw target set for 2022

Greenko plans to raise Rs 2,500 cr via NCDs for solar power units

The company will issue new debentures for this amount, to retire existing non-convertible debentures to the tune of Rs 2,655 crore

Solar power tariff touches record low of Rs 2 per unit in SECI auction

SECI is a fully-owned subsidiary of the Ministry of New and Renewable Energy entrusted with the tendering process of renewable projects in the country

Kerala: India's 1st solar-powered miniature train launched at Veli village

A solar energy-driven miniature train, billed as the country's first of its kind, was inaugurated at the Veli Tourist Village by Kerala Chief Minister Pinarayi Vijayan on Monday

At Rs 3.13 a unit, Delhi's Lady Irwin College will generate 80% own power

Set up by Oakridge, the plant save up to Rs 3.81 crore in bills over the life of the project

Indian Embassy in Madagascar to go solar on Gandhi's birth anniversary

The Indian Embassy in Antananarivo will have an installation of 8 KW of solar power plant on its rooftop, the mission said in a statement

Local preference move unlikely to give push to solar gear makers

For any procurement by the Central government agencies and nodal departments, the preference would be given to local products for which there is sufficient local capacity