"India has focused programs for capacity addition and accelerating the energy transition," R K Singh told major German energy companies at a meeting, according to a statement by India's Ministry of New and Renewable Energy.
The rating to the discoms will be similar to corporate ratings given to the borrower, and will indicate their ability to service debt.
An international journal on solar technology will also be launched on the occasion. The first World Solar Technology Summit (WSTS) is being organised by the International Solar Alliance (ISA).
The MNRE recently invited Expressions of Interest (EoI) for the first 1 GW offshore wind project in India, which has evoked keen response from the industry, both global and Indian, the ministry said in a statement.
The 70 GW installed renewable energy capacity in the country is double of the capacity four year back, a Ministry of New and Renewable Energy statement said.
"While the Ministry of New and Renewable Energy (MNRE) has been coming out with new subsidies to spur rooftop installations, the Budget basically thwarts the momentum in rooftop by reducing accelerated depreciation and tax benefits," Mercom said in a note.
In the Union Budget for 2017-18, Finance Minister Arun Jaitley allocated Rs 5,472.84 crore for the Ministry of New and Renewable Energy (MNRE), which is an increase of 25 percent from FY17 revised estimates.
The funds can be used by DISCOMs for multiple activities including up-gradation of distribution network and IT infrastructure, building consumer awareness campaigns, setting up consumer helplines, training employees, rating installers etc.
A study by Mercom said that project developers are citing issues including, lack of access roads, clean green lands, and clear demarcation of land areas in these solar parks.
PTC India is in discussion with Ministry of New and Renewable Energy (MNRE) to get the power market introduced in the renewable sector. The discussions are at an advanced stage. "We believe during this year this market should also begin", Deepak Amitabh, CMD of PTC India said.
Delta, a global leader in power and thermal management solutions has been honored with the National Excellence Award from the Ministry of New and ...
Eight entities, including Crisil, Teri and PwC are in race to become consultant for New and Renewable Energy Ministry for vetting proposals for small hydro projects of up to 25 MW
Aiming to generate solar power through rooftops of buildings and spare land under South Delhi Municipal Corporation, the civic body on June 20 inked an MoU with Solar Energy Corporation of India (SECI)
"The Ministry of New and Renewable Energy is working on an integrated bioenergy mission with an indicative outlay of Rs 10,000 crore from 2017-18 to 2021-22," a senior official said.
The success of programme would lead towards launching of National Programme on Grid connected small wind and solar hybrid system in future
Moneycontrol decided to log onto the link available on the website of the Ministry of New and Renewable Energy and see how it works.
Tata Power on May 20 announced it has completed the acquisition of 30 MW wind farm in Maharashtra
"The government will be appealing against the ruling of the WTO's dispute settlement panel in the WTO's appellate body. The commerce ministry is advising the Ministry of New and Renewable Energy (MNRE)," an official said.
Ministry of New and Renewable Energy has floated a draft for Repowering of Wind Power Projects in the country for comments from stakeholders by March 14, 2016.
The finance minister in Budget 2015-16 had revised the target of renewable energy capacity to 1,75,000 MW till 2022, comprising 1,00,000 MW solar, 60,000 MW wind, 10,000 MW biomass and 5,000 MW small hydro
"The installed capacity of solar power in India crossed the milestone of 5,000 MW in January this year and would achieve target of 18,000 MW by end of next year," Ministry of New and Renewable Energy said in a statement.
"One lakh MW target is ambitious but it's achievable. By March end we will be around 6,500 MW and by March 2017 we will have 20,000 MW capacity," Ministry of New and Renewable Energy (MNRE) Joint Secretary Tarun Kapoor told PTI.
"The cumulative installed capacity has reached 5,130 MW with installed capacity of 1,385 MW in current financial year," Ministry of New and Renewable Energy said in a press release.
Brickwork Ratings, a wholly Indian credit rating agency, released the fourth edition of State Finances Handbook 2015 recently in The LaLiT, New ...
The government had approved an amount of Rs 5,000 crore for raising tax-free bonds to support and sustain its solar initiatives through various agencies a few days back.