Rooftop solar projects in India will be supported through up to USD 500 million (EUR 418.3m) in financing provided by the Asian Development Bank (ADB), a government statement says.
Renewable hybrid projects are key to ensuring uninterrupted power supply and there is a need to explore full potential on this front, said US-India Strategic Partnership Forum (USISPF) Secretary Nolty Theriot.
India’s Ministry of New and Renewable Energy (MNRE) has issued a new order seeking to improve the quality of components in the solar sector, including batteries to be used for stationary energy storage.
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Raj Kumar Singh on Tuesday took over as new Union Minister of State (IC) in Ministries of Power & New & Renewable Energy here today.
Union Minister of State for Power, Coal, New and Renewable Energy and Mines (Independent Charge) Piyush Goyal has praised Germany for being a very reliable partner country in supporting India in achieving its goal for sustainable development through bilateral cooperation for almost six decades.
MNRE & GIZ Signs Agreement To Improve Framework Conditions For Grid Integration Of Renewable Energies
The Ministry of New and Renewable Energy (MNRE), Government of India and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH India on behalf of the Government of the Federal Republic of Germany signed an agreement on technical cooperation under the “Indo-German Energy Programme – Green Energy Corridors (IGEN-GEC)” here today .
The Ministry has said that, “In the event of any default, payment or otherwise, consequences have been clearly defined to ensure optimal risk sharing between the developer and procurer”.
The Ministry of New & Renewable Energy (MNRE) today said its guidelines for tariff based bidding for procuring solar power would reduce risk, enhance transparency and increase affordability.
A June order by the power ministry on inter-state electricity transmission charges could affect Delhi Metro Rail Corporation Ltd’s (DMRC) plan to buy power from one of the world’s largest solar power project at a single site in Madhya Pradesh, forcing both DMRC and the state government to seek relief from the ministry of new and renewable energy.