In the first phase, officials of NLC India Limited, Bengaluru-based Raasi Green Earth, Narbheram Vishram Kolkata and NVR Energy exchanged documents with Electricity Minister P Thangamani in the presence of Chief Minister K Palaniswami at the Secretariat today, an official release said.
Solar power generation offers an enormous opportunity for UP, driven by factors like strong policy support, higher sunshine, growing demand for energy and demand elasticity from declining solar module prices.
Sixty-two percent of India's solar pipeline remains concentrated in four southern states of Karnataka, Tamil Nadu, Andhra Pradesh and Telangana, according to Bridge to India
One of the best examples of muddled thinking that has come to characterize researchers can be found in the latest Economic Survey – pages 119-128 of Volume II – when it discusses the energy scene in India.
Solar modules account for 60 percent of the cost, and Indian developers are using these discounted, defected modules to cope with the pressure of costs and deadlines.
The imported photovoltaic (PV) module price has been rising over the last 3-4 months, up by about 15 per cent, to 35-37 cents per watt in August, from about 30-32 cents in May, an ICRA statement said.
The 12 percent uptick in prices has come after a decline of nearly 5 percent in the second quarter of 2017
Narendra Modi's government aims to raise solar power generation capacity nearly 30 times to 100 gigawatts (GW) by 2022. The capacity has already more than tripled in three years to more than 12 GW.
From schools to airports, canal tops and mega solar plants, ABB's solar inverters power various solar installations across the country, the firm said in a statement.
According to the Livemint, Chinese suppliers are asking for an additional 6 cents per watt on the existing price of 37 cents per watt.
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