Advertisement
Advertisement
advertisement

On May 4th, 2016 National Thermal Power Corporation (NTPC, New Delhi), the largest power utility in India, announced that it has commissioned 200 MW out of 250 MW of the first phase of the Ananthapuramu solar photovoltaic (PV) project on April 30th, 2016 in Andhra Pradesh. 

 

With this, the total capacity of non-conventional energy projects of NTPC has become 310 MW. The total installed capacity of NTPC group has now become 47,178 MW through 18 coal-based, 7 gas-based, 9 solar renewable, one hydro and 9 Joint Venture power stations. 

 

The total estimated investment in renewable energy power projects during last three years is around Rs. 86,000 crore, stated the press release issued by ministry of new and renewable energy.

 

As per inputs provided by Central Electricity Authority (CEA), around 15,400 MU has been generated through solar energy during the last three years and it has met the energy requirement to that extent in the country. This was stated by Piyush Goyal, minister of state (IC) for power, coal and new and renewable Energy in a written reply to a question in the Lok Sabha.

 

The minister further stated that government is promoting solar energy by providing fiscal and promotional incentives such as capital and/or interest subsidy, tax holiday on the earnings for 10 years, generation based incentive, accelerated depreciation, viability gap funding (VGF), financing solar rooftop systems as part of home loan, concessional excise and custom duties, preferential tariff for power generation from renewables, and foreign direct investment up to 100 per cent under the automatic route.

 

Under grid connected solar power schemes, the developer is decided through open and transparent bidding system. Under off grid solar programme, organisations who are interested in working in the sector can be empanelled as Channel Partners. The ministry has empanelled Channel Partners for grid-connected roof-top, off-grid and solar water heater categories. The government has revised the target of solar power from 20 GW to 100 GW by 2022.

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.

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.

 

India has surpassed its solar energy target for 2015-16 more than one and a half times, commissioning 3018 MW during the year against the 2000 MW it had set itself. Tamil Nadu added the most capacity in 2015-16 at 887.19 MW, followed by Andhra Pradesh (433.24 MW) and Telangana (351.56 MW). 

At the end of 2015-16, the country's cumulative solar capacity stands at 6753.38 MW, up from 3743.97 MW. At the end of 2015-16, the country's cumulative solar capacity stands at 6753.38 MW, up from 3743.97 MW a year ago. Rajasthan, which has the best solar radiation among states, remains No. 1 in overall installed capacity at 1264.35 MW.

While Gujarat, the earliest to start a solar programme, is in second place with 1105.15 MW. But Tamil Nadu, with its massive capacity addition this year, is rapidly catching up and is in third place with 1030.77 MW. Madhya Pradesh with 775.87 MW installed capacity and Andhra Pradesh with 571.09 MW are in fourth and fifth positions. The cumulative target for at the end of 2016-17 is much stiffer at 17,000 MW which means over 10,000MW will have be added in 2016-17.

 

Tags: ,

Maharashtra is now all set with its first Plug and Play solar park after the launch of ‘Sunbless’ by Waaree Energies. Aiding the government with its solar power initiatives along withvarious businesses with their power needs, this is the first solarpark in the state that will facilitate installation of Solar Projects within the park ofsize 1MW and above.

Page 37 of 40

Advertisement
Advertisement

UPCOMING EVENTS

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter SolarRoofs Andhra Pradesh 2019 is almost here! Buy your ticket today https://t.co/JIuc2VtrW7 See you on Aug 21, 2… https://t.co/EawB3aN9aO
About 13 hours ago
SolarQuarter Who Will Win Industrial Energy Show 2019 Awards At Pune? - https://t.co/729MN63MJi
About 16 hours ago
SolarQuarter SolarRoofs Karnataka 2019 is almost here! Buy your ticket today https://t.co/CVIqStbToI See you on Oct 04, 2019!… https://t.co/M0Yhv1lvRI
Saturday, 17 August 2019 05:10