Funds worth over Rs 30 crore have been sanctioned to 21 states and union territories under the solar cities development programme, the government said.
Viviana Mall in Mumbai has installed one of the largest single-site solar plants in India.
Solar Energy Corporation of India’s tender for development of 1,000 megawatt rooftop solar capacity are likely to see record low project costs and tariff with capital subsidies of up to 35-90 per cent, according to a report by solar energy research organisation.
After the grand success of the first edition of Smart Green Summit and Awards 2015 in Delhi, Saint-Gobain and The Economic Times are back again to fast-forward the mandate of ‘Creating Tomorrow’s Sustainable Living Spaces’ through the Smart Green Summit and Awards 2016 in Mumbai.
India now has a total installed large-scale solar capacity of 9,018 MW and a solar pipeline of 14,030 MW as of December 2016, with the top 10 states accounting for approximately 90% of all solar installations and pipeline, Mercom Capital Group has recently estimated.
PTC India aims to infuse Rs 600 crore as equity into PTC Energy with an eye to generating 300 MW of renewable power by March under the wholly-owned subsidiary, a senior company official with the power trading company.
The total installed capacity in the country from solar power was 8727.64 MW and from wind power was 28279.40 MW as on 31.10.2016. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines in a written reply to a question in Lok Sabha today.
Shri Goyal further informed that Ministry has released amount of Rs 1667.99 Crores and Rs 366.47 crores for installation of solar and wind energy projects respectively till 31st October 2016 in different State/UTs. The details for last three years are as follows:
Year Total funds released for solar energy projects(Rs. in Crore) Total funds released for solar energy projects (Rs. in Crore)
2013-14 692.28 306.00
2014-15 1158.19 568.00
2015-16 3146.24 316.94
2016-17(till 31.10.2016) 1667.99 366.47
“The potential of wind and solar in the country has been estimated to be 302251 MW and 784990 MW respectively”, he added.
India is targeting 100 GW of solar by 2022, out of which 20 GW has been allocated to solar parks.
According to research, India Solar Water Pumping System Market is projected to grow at a CAGR of 18.7% during FY 2017-22.
One of India’s largest solar power tenders will finally come to fruition as power purchase agreements are expected to be signed soon.
PSU energy firm Oil India inaugurated a 40 KW solar power plant, which will supply electricity to an eco-tourism project in Dibrugarh district.
SECI’s (Solar Energy Corporation of India) tender for development of 1,000 MW rooftop solar units on state-owned buildings is expected to bring down tariffs to record lows since they would expand the market and would also receive capital subsidies of up to 35-90% .
UK-based Lightsource has come out with plans to set up large-scale solar power projects in the budding solar power market of India over the next few years.