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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.

 

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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.

Shimla, Himachal Pradesh has been able to tap only about 10 percent of its solar power potential, the Comptroller and Auditor General of India (CAG). Against an estimated solar power potential of 33,000 MW, only 3.29 MW was installed till March 2015.The state-run Himachal Pradesh Energy Development Agency failed to estimate the total solar potential.

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