The Maharashtra Electricity Regulatory Commission (MERC) has approved the initiation of a district (circle) wise competitive bidding process for the procurement of solar power under Mukhyamantri Saur Krishi Vahini Yojana.
Expressing its disagreement with the solar tariff of ₹3.15 (~$0.043), the Maharashtra Electricity Regulatory Commission (MERC) has directed Maharashtra State Power Generation Company Limited
The Maharashtra government has approved one lakh solar agriculture pumps and aims to provide uninterrupted power supply to farmers even during day time, Chief Minister Devendra Fadnavis said on Tuesday at the launch of the Mukhyamantri Saur Krishi Vahini Scheme.
The country needs to tap emerging routes of debt and equity funding to accelerate towards its avowed target of 100 Gw of installed solar capacity by 2022.
State owned electricity generator NTPC has secured the entire 160 MW of PV capacity it bid for in a reverse auction for 500 MW of grid-connected solar projects tendered by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA).
Tariffs in the Uttar Pradesh New and Renewable Energy Development Agency’s (Upneda) latest auction on Wednesday fell significantly from the last one held in July, but later cancelled without assigning any reasons.
Higher land and borrowing costs have kept solar power tariff above Rs 3 per unit in the 500 MW capacity auction conducted by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), a source said.
Lux Industries Limited has recently installed a solar unit at its plant in Dankuni, the industrial city near Kolkata. The initiative, entailing an investment of Rs 5 crore, is expected to help the company cut down on its electricit
Citibank fears that there could be “a wave of bankruptcies” of wind and solar projects in about five years, consequent upon the low prices at which the energy companies will sell electricity.
In a move that is bound to get more countries to sign up for the International Solar Alliance (ISA), the CEO of Softbank, Masayoshi Son, has pledged to provide free solar energy to India and other members of alliance in 25 years. Son’s remarks came on 3 October at a renewable energy conference in India’s National Capital Region.