Goyal was speaking at the India-US Ministerial Energy Dialogue held at the US Department of Energy here on September 21. The Indian delegation was led by Goyal while the US side was led by Dr Ernest Moniz, the US Secretary of Energy.
Spread across Karnataka, Tamil Nadu and Andhra Pradesh, these projects will connect more than 850 megawatts (MW) of solar energy to the grid and will be among the biggest solar projects worldwide, the company said in filing to BSE.
"This year we are targeting about 7.5 percent to 8 percent growth. We are quite confident that upwards of 7.5 percent is what we can reasonably expect," Economic Affairs Secretary Shaktikanta Das said at an ICRIER event here.
The US strongly supports rapid deployment of solar energy around the world, including in India and will continue to work to ensure that the best products and technologies are available to global consumers, an American Trade Representative official has said.
Describing solar energy as the ultimate solution to India's energy problems, he called upon Indian scientists to work towards developing more efficient equipment which could revolutionise the entire sector.
Vineet Mittal, Vice Chairman Welspun Renewables said the 52 MW clean energy project is strengthening partnership with Maharashtra.
Prime Minister Narendra Modi is committed to it "not merely by words but by action" as he believes in it passionately, Goyal said addressing senior officials from Centre and States at Vigyan Bhawan here on a workshop on "Grid Connected Solar Rooftops."
The money pouring into India's solar industry is likely to be soaked up by foreign-organised projects such as one run by China's Trina Solar - not the country's own solar panel manufacturers.
Lavina Mahbubani has created a bag packs that can power gadgets using solar energy. Her Bangalore based firm Lumos Design Technology has already sold closed to 2000 Lumos bag packs across the globe.
Indian Railways will float tenders to procure at least 200 mega watt of solar energy in the next two months, a step which will promote use of non-conventional energy in its daily functioning.
State Bank of India (SBI) has committed Rs 20,000 crore worth projects over the next five years. SBI is the largest contributor to the Renewable Energy Mission 2022.
CNBC-TV18 has learnt that public sectors banks have committed over Rs 60,000 crore for starters towards the Renewable Energy Mission 2022.
Continuum owns and operates 242 MW of wind power plants in Maharashtra and Gujarat, and has another 170 MW project under construction in Madhya Pradesh and more than 1,000 MW in development stages across six states in the country.
GiIC has signed a Memorandum of Understanding (MoU) with Kakinada SEZ (KSEZ), a subsidiary of GMR Infrastructure, to set up an industrial park for the high-end Chinese equipment manufacturing companies, a BSE filing said.
Japan is now one of the world's four largest markets for solar panels and a large number of power plants are coming onstream, including two giant arrays over water in Kato City and a USD 1.1 billion solar farm being built on a salt field in Okayama, both west of Osaka.
Havells is also aiming to expand Promptec business to Rs 250 crore in next 3-4 years from its current revenues of Rs 35 crore. On being asked as how the multifold growth would be achieved, he said: "Promptec's technology would be benefited with our large marketing network.
SASTRA has inked a pact with Tata Power Trading Company (TPTCL) under which the latter will sell electricity generated from the facilities to the university for 15 years, the private solar firm said in a release here.
This year again the Festival of Innovations is all set to acknowledge, appreciate and encourage the culture of innovation amongst all sections of society, specially focusing on grassroot innovations From 7th to 13th March 2015 at Rashtrapati Bhavan.
Besides an elaborate exercise of water conservation including setting up of water recycling plants will also be announced by Railway Minister Suresh Prabhu in his maiden Budget address in the Lok Sabha on February 26.
B Ashok, chairman, IOC, wants to kill two birds with one stone- boost India‘s dependence on renewable energy, and free up electricity from the power grid for rural India. So, it has decided that more of its outlets should be powered by solar energy.
Efforts are also being made to increase coal production, strengthen electricity transmission network and get back gas- based power plants on stream, said Goyal, who also holds portfolios of Coal and New and Renewable Energy ministries.
RM Malla, managing director and chief executive officer, PTC India says the company can produce one lakh and 50 thousand megawatts (MW) of energy in 10 years only from solar energy.
A key player in solar energy and instrumentation, Waaree Group was founded on a princely sum of Rs 5,000. Here's how Hitesh Doshi pulled it off
Inderpreet Wadhwa, founder of Azure Power, says the idea has always been to support communities and maximise returns for all stakeholders, and not just focus on capital returns
Lauren India recently achieved a significant milestone when the Godawari Green Energy Limited project produced power to the grid for the first time.