They discussed various issues of mutual interest including ways to expedite progress on bilateral power projects currently under discussion between the two sides
With high priority accorded to Make in India, the government shall soon launch incentive schemes to invite global companies to set up mega manufacturing plants
Prime Minister Modi on Friday launched the 750 MW solar project in Rewa in Madhya Pradesh through video-conferencing
The mega solar power project is comprised of three solar generating units of 250 MW each located on a 500-hectare plot of land situated inside a solar park
"This project will reduce carbon emission equivalent to approximately 15 lakh tonne of CO2 per year," according to a PMO statement
The plant is expected to generate about 300 million units of energy per year and will annually offset nearly 300 million kg of CO2
Becomes India's largest clean energy firm; to set up 8-Gw power plant
Files petition with CERC to prevent SECI and Power Grid Corp from encashing bank guarantee and letter of comfort submitted for project
India's solar energy capacity addition dipped 12 per cent to 7,346 megawatts (MW) in the calender year 2019 from 8,338 MW in 2018, according to a report by Mercom India Research. While 2019 was a lost year for the country's solar sector, Mercom India Research expects solar installations to rise by 17 per cent year-on-year (y-o-y) to about 8,500 MW by the end of 2020. "The country installed 7,346 MW of solar in 2019, a 12 per cent decline year-over-year (YoY), compared to 8,338 MW installed in 2018," according to the report titled 'Q4 & Annual 2019 India Solar Market Update'. It also estimates solar installations in the range of 65-70 gigawatt (GW) by 2022, based on the current market conditions. The government has set a solar installation target of 100 GW by 2022. The large-scale solar projects accounted for 85 per cent of installations with 6,242 MW in 2019 and saw a 7 per cent y-o-y fall, and rooftop solar made up the remaining 15 per cent adding 1,104 MW, a 33 per cent drop ...
Anand Kumar, India's renewable energy secretary, said all the contracts have a 'force majeure' clause that companies can invoke to secure an extension on the project schedules
According to the ratings agency, non-adherence to completion of timelines attracts penalties, including downward renegotiation of tariffs, as per the standards of PPAs
AP Green Energy Corporation will be incorporated as a wholly owned subsidiary of the state-owned power utility AP Genco for the purpose of developing the 10,000 mw solar power project
The project will be backed by International Finance Corporation (IFC)
India is the second-largest shareholder of the bank and the largest recipient of its loan and equity commitments.
With project developers cutting down on projects, heat is felt by panel manufacturers as well
AIIB's Director General Pang also expected the private investments in renewable energy sector in India as foreign direct investment, relieving the Indian government of project financing challenges
The CCEA also approved a proposal for continuation of the scheme of 'Exploration of Coal and Lignite'
It is in the scale of implementation of solar roof top projects that Odisha expects to better the performance of other states
The request is part of a larger plan to build 23 gigawatts of solar capacity in Ladakh, a region in the country's extreme north bordering China
Major players shied away from the bidding citing lack of funding push from the Centre, thereby reducing viability of solar manufacturing in India