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.
Lapp India, a 100% subsidiary of the Lapp Group Germany and a leading supplier of integrated solutions and branded products in the field of cable and connection technology in India, has launched ÖLFLEX® FIRE Survival Cables for circuit integrity application in the event of fire.
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.
Su-Kam Power Systems announced the introduction of a solar street light that also incorporates a lithium ion battery, which means that the street light does not need to be connected to the grid, and can also function during power outages.
The Ministry of New & Renewable Energy (MNRE) is implementing a Programme on Off-Grid and Decentralized Solar Applications" for promoting use of solar power through solar home lights, solar street lights, power plants, solar pumps and mini micro grids to meet the energy requirements of the rural areas of the country.
The Union Cabinet today gave its approval for the utilization of 400 hectares of uncultivable farm land at the Central State Farm (CSF), Jetsar in Sri Ganganagar district of Rajasthan for setting up of a solar power plant of capacity exceeding 200 MW.
This optimism is based on the expectation that the Indian solar market will also grow at an impressive compounded annual growth rate (CAGR) of 45% per annum until 2022.
As a part of its corporate social responsibility; Waaree Energies started its special initiative to endorse education for all and announced its campaign ‘From Darkness to Light’- supplementing education for children in the lower strata ofthe society in the country.
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.
U.S. solar company SunEdison’s bankruptcy filing will have a direct impact on its projects in India and will also make lenders more wary about financing projects in the sector.
New Mangalore Port Trust (NMPT) has set up three roof-top solar systems that can generate 350 kW of power.
Mahindra Susten has sought the Madras High Court's intervention over Rs 46.19-crore dues from SunEdison India for work on a project. The petition has been filed against SunEdison Solar Power India, the Indian arm of SunEdison, the Netherlands-based SunE Solar, and Sunborne Energy.
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.