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Delhi, which is ranked among the most polluted cities, is expected to get green power from Madhya Pradesh starting next year to run its Metro trains. Madhya Pradesh New and Renewable Energy Department are charting out the power purchase agreement to be signed between Delhi Metro Rail Corporation (DMRC) and developers of the world’s largest solar power plant of 750 MW coming up in the state’s Rewa district.

Read more: Delhi Metro to get solar energy from solar plant...

Shri Piyush Goyal, Minister of State (IC) for Power, Coal and New & Renewable Energy felicitated 102 awardees at CST & Solar Cooker Excellence Awards- 2016 here today. Shri Goyal also released 9 knowledge documents collated by several experts to provide information on Concentrated Solar Thermal Technology (CST) on the occasion. 

Read more: “India now will lead the world towards clean...

One of India’s largest renewable energy project developers has acquired solar power companies to give its solar plans a major boost. Suzlon Energy has acquired 5 solar power companies which it may use as special purpose vehicles to execute under-development projects or bid for more projects in upcoming auctions. 

Read more: India’s Suzlon Energy Acquires 5 Companies To...

The National Democratic Alliance (NDA) government said that in the last 13 months over Rs.71,200 crore has been sanctioned by 40 banks and non-banking financial companies (NBFCs) for the renewable sector, mainly wind and solar projects.

Of this, Rs.29,500 crore has already been disbursed. This a part of commitment made by them during RE-INVEST 2015, the first Renewable Energy Global Investors Meet and Expo organised by the ministry of new and renewable energy (MNRE), which held in February 2015.

During the event, 40 major banks (public, private sector banks and foreign banks operating in India) and NBFCs had committed to provide debt funding to renewable energy projects aggregating to over 78.75 GW during the span of next five years.

RE-Invest 2015 saw renewable energy capacity commitments of over 283 GW from stakeholders. There was also a commitment to manufacture in India renewable energy equipment for 62 GW. Loans sanctioned by these banks and FIs (financial institutions) for RE (renewable energy) projects are 18.63% of the commitments made.

 

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