West Bengal failed to create a Green Energy Fund (GEF) under the renewable energy policy of the government, the CAG has said in its audit report. The responsibility for creation and management of the energy fund was thrust upon the state’s nodal agency,
Gujarat government, which allocated Rs 1,000 crore for a new rooftop solar power generation scheme, also announced plans to increase power generation capacity from renewable sources to 30,000 megawatts (MW) in the next three years.
With the Bimstec leaders gathered in the national capital for Prime Minister-elect Narendra Modi’s swearing in ceremony on Thursday, the member-nations could benefit from India’s rapid renewable energy capacity increase, say experts.
IL&FS has initiated a claims management process for its 70 Group entities in an effort to clarify financial liabilities and facilitate the settlement process. In a letter, a copy of which is with BusinessLine, the troubled infrastructure financing company has listed out that it has classified 5 Indian group entities in the “green” category, which means it is ready to be sold off.
Renewable energy firms are continuing with aggressive bids for solar projects, with the winners in the latest auction including Finland’s Fortum and US-based Acme quoting a tariff of Rs 2.48 per unit.
The joint UK-India Green Growth Equity Fund on Thursday announced its first investment into Ayana Renewable Power as part of a new partnership with CDC Group (the UK government’s development finance institution),
The India solar market was witness to addition of 8,263 MW during 2018, down 15.5 per cent compared to 9,782 MW in 2017. This was mainly due to the safeguard duty, goods and services tax (GST) issues
Wroclaw, Poland: What if one day all buildings could be equipped with windows and facades that satisfy the structure’s every energy need, whether rain or shine?
India’s rapidly growing renewable energy capacity, a major achievement of the Modi government, faces a serious slowdown as investors are disappointed by the unrelenting focus on reduction of tariffs and multiple cancellation of bids after auctions.
Gujarat has released its land policy for renewable energy projects, which seeks to set up wind parks and wind-solar hybrid parks in the state, similar to solar parks. Such parks will be a first by any Indian state.