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.
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.
India today termed as "unfortunate" the recent WTO ruling which held the Centre's power purchase agreements with solar firms as "inconsistent" with international norms and said it will raise the issue during a high-level UN event this week.
The initiative is a global non-profit organisation that aims to represent private sector solar stakeholders in their dialogue with governments and international organisations and to promote global solar deployment with a goal of more than 1 TW by 2030.
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.
Facing liquidity crunch, renewable energy firm SunEdison India said it is receiving a "lot of interest" from investors for possible stake sale in the company as well as in its projects in the country.
India is set to become fourth-largest solar market this year and pip three major European markets -- the UK, Germany and France -- with a likely capacity addition of 5.4 GW in 2016.
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.
The Ministry of New and Renewable Energy (MNRE) has set up three committees to improve quality control of solar modules and products. One panel will prepare a policy for testing laboratories, another will set technology and product standards and the third will look into regulations governing solar products.
The 100 smart cities mission launched by the government to inject our cities with the latest infrastructure and amenities is ambitious and unprecedented.
India was one of the bright spots in clean energy investments in the first quarter of calendar year 2016, amid a fall in markets such as China and Brazil. As per the data, India’s clean energy investments reached $1.9 billion in the January-March quarter, up 6 per cent from the comparable period in 2015.
Months of highly aggressive bids for solar power projects, led by foreign developers including Finland’s Fortum Corp, Canada’s SkyPower and now-bankrupt SunEdison of the US, have started to shake the confidence of investors in one of the world’s fastest-growing renewable energy markets.
Vatika group is the first real estate developer to install solar panels at its projects. This installation is being carried out by Enviro. Through this and numerous other efforts the realtor is trying to reduce its carbon footprint and give impetus to the use of green energy.