India will double the target for energy to be generated from solar parks by 2020, as roof-top installations progress slower than anticipated and U.S. company SunEdison's projects are threatened by its bankruptcy.
Government is working on doubling the power generation target from solar energy parks to 40,000 MW in the backdrop of slow offtake of rooftop solar and problems being faced by some project developers.
The Indian government is aiming to create 10 solar zones across the country by 2021, which will each cover an area of 10,000 hectares of wasteland.
A sharp fall in solar module prices will help renewable energy producers, who have won solar projects at aggressive tariffs but are yet to procure equipment or start construction, leading to higher margins.
Jakson Group, India’s most pre-eminent power solutions company, today announced the successful commissioning of Solar PV System on 6 coaches of Diesel Electric Multiple Unit (DEMU) for North Western Railways, Jodhpur.
Hyderabad-based Greenko Group, backed by GIC Singapore, is leading the race to buy renewable energy projects of SunEdison in India, in a deal that is estimated at Rs 7,500 crore.
Electricity would soon reach 351 villages in the Naxal-affected Abhujmarh region of Chhattisgarh for the first time after Independence through the solar power units, the state government today said.
If all goes well, the Diamond City is all set to become `Solar City' in real sense.
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the photovoltaic (PV) industry, today announced that JinkoSolar Japan K.K. ("JinkoSolar Japan"), a subsidiary of the Company, has signed a one-year JPY2 billion syndicated loan agreement with a bank consortium led by Sumitomo Mitsui Banking Corporation ("SMBC") and includes Mizuho Bank, Ltd., the Tokyo Branch of the Industrial and Commercial Bank of China (ICBC) and NEC Capital Solutions Limited. The financing will be used to supplement JinkoSolar Japan's working capital.
In a bid to bring down power consumption, the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) is advising government offices as well as private institutions to go for solar power.
Yamaha Motor Co. plans to tap more green energy to drive production in India, the latest sign that renewable power could boost profit for industrial manufacturers.
India has invited its first-ever bids for solar energy projects that include storage as a requirement as part of a trial program aimed at making the renewable resource a more reliable source of power.
A floating solar power plant of 10 kW peak (kWp) — the peak power — has been commissioned at the Dhanas lake here amid efforts by the government to develop the Union Territory as a solar city.