Recent solar auctions in Maharashtra and Karnataka received far lesser bidders compared to the previous year's upbeat sentiment prevailing in solar energy.
With pass through of any hike in duties, solar power developers will be allowed to increase the tariffs based on which they have bagged the projects, so as to recover the extra cost.
The cooperation envisages solar power generation, solar based mini-grids, and transmission systems for integrating solar energy into grids, among others.
This insurance product caters to solar park developers with the park owner as the insured and sole beneficiary.
Modi said in the last 35 years, governments had spent Rs 4,000 crore on renewable energy but within three years of his government assuming office, nearly Rs 11,000 crore had been spent.
The key reason for not creating enough jobs has been the inability of the government’s planners to think out of the box and actually do something that could create jobs, help the environment, and reduce imports.
"Wind power tariff has fallen to record low of Rs 2.64 per unit in the tariff-based competitive bidding conducted by the SECI yesterday," an industry source said.
The plan was prepared by Ministry of New and Renewable Energy (MNRE) to battle the flood of Chinese imports. The imports have risen to Rs 21,400 crore in the fiscal year 2016-17, an increase of 38 percent year-on-year.
A new policy to save power in Maharashtra kicks in. Rise in the usage solar power and phasing out on the usage of CFL has been proposed.
In an exclusive conversation with CNBC-TV18, Power Minister Piyush Goyal spoke about the government's solar mission.
Coming in the wake of intensely competitive bidding in Rewa and Kadappa tenders, the signs are that competition for new projects is getting fiercer, particularly as the supply of new projects has slowed down in the last twelve months, reports market research firm Bridge to India.
Ind-Ra estimates that Rs 560 billion out of total debt of Rs 1,730 billion could be refinanced at a lower borrowing cost across various infrastructure sub-sectors in its portfolio till 2018-19.
The project funding will improve the capacity and efficiency of interstate transmission networks, particularly in transmitting the electricity generated from new solar parks to the national grid, an ADB statement said.
Under the scheme, the government will provide financial assistance and capital subsidy to the extent of 50 percent, 75 percent and 90 percent of the basic cost of the solar energy plant to applicants.
Speaking to CNBC-TV18, Power Minister Piyush Goyal said the central support had been doubled to Rs 8,000 crore based on the successful bidding for the Rewa solar park where they discovered a price of 2.90 per unit of solar energy.
Solar energy is a phenomena that energy producers across the world are betting their money on as fossils begin to deplete. In 2014, Prime Minister Narendra Modi announced the very ambitious plan of generating 100 gigawatt of renewable energy by 2022.
India is poised for huge growth in solar energy and it won't stop at the 100GW solar power target to be achieved by 2022, Power Minister Piyush Goyal has said.
"The government has planned to overcome the challenge by launching the schemes like development of solar parks and ultra mega solar power projects, development of solar zones in the country and roof top solar projects," Minister for Power, Coal and New and Renewable Energy Piyush Goyal said during Question Hour.
The company said in a statement that it has secured land and financing for this project, which was auctioned by NTPC, and designated under National Solar Mission for a total capacity of 1,000 MW of solar power projects at Kurnool Ultra Mega Solar Park.
Solar energy firm Azure Power today announces that it has tied up approximately USD 470 million financing for its projects to be commissioned in 2017.
Our present energy use relies on vast storage facilities, underground reservoirs of natural gas, tankers of fuel, even water stored in hydroelectric dams. As our energy use changes so will our energy storage options.
The conference will also project Indian Railways as an attractive investment destination considering its plans for huge investment in next 5 years towards modernization of its electrified network and use of renewable energy.
Nagaraj Naidu, Director-General of Investment Trade and Promotion Division of Ministry of External Affairs, introduced the overall investment environment and guidelines for benefit of companies from Huzhou city at the India-China Business and Investment Forum and India Week celebrations.
"The rationale behind developing Paradip as a smart city is that Paradip already has a major port and with strong mineral resource presence in the region... these factors will make Paradip a hub for Micro, Small and Medium Enterprises (MSME)," the Ministry of Shipping said in a statement.
Stating that time for incremental change is long over, Modi called for a roadmap to lay the foundation for the country's growth over the 21st century.