India is likely to invest Rs 385,000 crore for setting up 77,000 Megawatt of solar power generation capacity by 2022, Power and New and Renewable Energy Minister R K Singh said today.
Sungevity Enterprises, a solar power solutions company, is gearing up to set up the biggest solar power plant in Mizoram with a capacity of 100 MW.
State-run NTPC has asked solar power developers pre-qualified for a 2,000 MW tender it floated earlier this year to submit additional tariffs reflecting the impact of safeguard duty.
The sudden imposition of the safeguard duty on solar cell and module imports from China and Malaysia has caught the domestic project developers off-guard.
The government will come out with a single bid for setting up 25 GW of solar capacity in Ladakh, Power Minister RK Singh said today, and asserted that renewable energy is a must for sustainable development.
In recent years, India has been adding thousands of megawatts of solar power capacity which has led to record-low tariffs. So much so that solar power now costs even lesser than thermal in the country.
The Solar Energy Corporation of India (SECI) has issued a tender for the development of 2 MW (AC) of solar projects with 1 MW of battery energy storage system (BESS) at Kaza, located in Spiti Valley of Himachal Pradesh.
India has installed just 6 percent of the 40 gigawatts of rooftop solar power systems target it set in July 2015 to reach its overall renewables target of 145 gigawatts by 2022, putting the country on track to miss its goal by a wide margin.
The Ministry of New and Renewable Energy (MNRE) has written to the Karnataka government expressing its concern over delays in granting land approval for various solar projects, affecting the country’s renewable growth trajectory.
French energy firm Engie SA, one of the largest foreign investors in India’s solar power space, has mandated Rothschild to find a buyer for picking up a significant stake in its Indian solar business.