Shell declined to reveal the amount invested by Shell Technology Ventures, the company's corporate venturing arm.
"The Committee feels that the rooftop solar target of 40 GW by 2022 is unrealistic and it is highly unlikely that this target will be achieved," the Standing Committee on Energy (2016-17) of the Ministry of New and Renewable Energy said in its latest report tabled in Parliament.
The price rise to the Chinese continuing to the feed-in tariff system for the third quarter.
Challenges in the net metering implementation and financial implementation are the two headwinds that must be met head on, says a report.
Mercom Capital Group said the total corporate funding, including venture capital funding, public market and debt financing, stood at USD 4.6 billion in the first half of this year.
This year, Morgan Stanley projects the demand-supply gap to increase to 45 percent, pressurizing prices to go down further
Luminous Power Technologies would enter the business of solar-based solutions for residential homes in next six months, according to its Managing Director Vipul Sabharwal.
“It is clear that the odds are stacked against domestic manufacturers. Doing business on-the-ground is difficult with India close to bottom on the ‘Ease of doing business’ rankings and manufacturers facing high costs for land, debt financing, power and other inputs,” says Vinay Rustagi, MD of renewable energy market firm Bridge to India.
Experts list the lack of long term financing, inadequate budget allocation, and insufficient transmission and distribution, as the reasons behind the government falling short of its renewable targets.
A senior government official told Moneycontrol that Tesla's proposal to set up a manufacturing base is under consideration.
The GST rate of five per cent is finalised on solar PV cells and modules as per the notification dated June 3, 2017 which thus clears the ambiguity surrounding the applicable rate, the rating agency said in a statement issued here today.
Industry sources tell Mercom that the ministry is has yet to accept or send official notification regarding the petition, which was filed on June 5, 2017.
Over 55 percent of the demand for products in the ‘garden category’ comes from tier II and tier III cities, Amazon India said in a report.
India is considering electrifying all its vehicles over the next 15 years, a plan that could boost SoftBank's solar ambitions in the country if the government adopts renewable energy to charge the vehicles.
SBI has availed loan of USD 625 million from the World Bank for on-lending to viable Grid-Connected Rooftop Solar PV (GRPV) projects
India stated a target of 175 gigawatts (GW) of renewable energy generation by 2022.
Senior officials today said that the GST Council, headed by Union Finance Minister Arun Jaitley and comprising state counterparts, is likely to reconsider the decision of levying 18 per cent tax on solar equipment.
"All solar equipments and its parts would attract 5 percent GST only," Revenue Secretary Hasmukh Adhia said in a tweet on Sunday, contrary to the initially planned two tax slabs of 5 percent and 18 percent.
Under the partnership, CleanMax Solar and Hitachi High-Tech aims to enable Japanese corporates in India to adopt green energy practices by providing them solar power in a low-risk, economical and reliable manner, the company said in a statement issued here.
The world's third-largest greenhouse gas emitting country said last Friday it would lower the duty on coal from July 1 and impose a new 18 percent tax on solar cells and modules as part of a broader tax overhaul.
In FY16, when the downturn had hit both the domestic and exports market, Shakti Pumps was operating at 45 percent capacity utilisation. Now, its turnaround story is clearly visible in recent quarters. There is also more headroom in terms of growth and benefits of operating leverage.
The president was inaugurating the country's first-of- its-kind microgrid power project at the Indian Institute of Engineering Science and Technology (IIEST) at Shibpur here that uses solar, wind and biogas energy to produce electricity.
Wind power has still not met as much success in India as abroad because of a lack of clarity on policy issues.
"Bhadla Ph-IV Solar Park results in a historic lowering of tariffs. Phelan Energy (50MW) and Avaada Power (100 MW) have bagged projects at Rs 2.62/unit. Softbank Cleantech has won 100 MW capacity at Rs 2.63/unit," a senior official said.
TCCL, a joint venture between Tata Capital and International Finance Corporation, currently has an asset/loan book size of Rs 2,400 crore.