Renewable energy investments in India are outpacing spending on fossil fuel power generation, a sign that the world’s second-most populous nation is making good on promises to shift its coal-heavy economy toward cleaner power.
Solar subsidies: Government subsidies and other incentives for installing rooftop solar system in India
Solar energy refers to the energy obtained from the sun which is a renewable form of energy. Ample solar energy is available in India due to its perfect geographical location which makes the country receive tropical sunlight.
The Indian renewable industry has given a pass certificate to the five years of Modi government rule with 78 per cent of the respondents in a survey of CEOs of the industry feeling that this government has propelled industry growth by increasing the renewable target to 175 Gigawatt (Gw).
With thousands of hydropower dams planned across the globe, a new report from WWF and The Nature Conservancy demonstrates how the renewableenergy revolution can solve the world’s climate and energy challenge without sacrificing its remaining free-flowing rivers and the diverse benefits they provide to people and nature.
The Ministry of New & Renewable Energy (MNRE) has notified guidelines for import of secondary cells and batteries of lead-acid and nickel-based chemistries for use in solar PV power projects.
The tender for 1,000 MW solar power capacity to be built at Dholera Solar Park is under-subscribed by 700MW as only two companies have placed bids for just 300 MW. Despite the extension of submission deadline four times, this tender could not attract more bidders, said people aware of the development.
The soaring receivables from Telangana and Andhra Pradesh distribution companies (Discoms) have weakened the internal liquidity of many projects and necessitated a reduction in their debt service reserve accounts.
Piramal Enterprises Tuesday said it has signed an initial pact with Canada Pension Plan Investment Board to co-sponsor a USD 600 million renewable energy-focused infrastructure investment trust (InvIT).
Renewable energy (wind, solar, biomass and small hydropower) generation in Tamil Nadu was 16,223 million units in April 2018-February 2019, accounting for 17.5% of the total energy mix.
While renewable energy has made it to manifestos of political parties standing in the Lok Sabha elections, specific concerns by the industry have been left out, despite a concerted appeal by the sector players.