Solar Energy National News

Odisha Launches Scheme To Increase Solar Energy Use

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Tuesday launched a scheme to increase the use of solar energy in the agriculture sector. Under the “Soura Jalanidhi” scheme, 5,000 solar pumps will be given to farmers with up to 90 per cent subsidy. It will create irrigation potential for 2,500 acres in the state, the Chief Minister […]

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Rupee fall puts Rs 28,000 crore solar projects at risk

With safeguard duty, this can crank up tariffs by 30 paise/unit for future projects Nearly half of the solar power capacities under implementation worth ~Rs 28,000 crore face viability risk because of the continuous fall in the rupee, which has made imported solar modules costlier and increased the cost of setting up solar plants. These […]

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Azure Power Raises over ~US$ 400 Million Since Fiscal First Quarter

  Azure Power has one of the largest solar portfolios in India The Company’s 2GW+ pipeline has a weighted average tariff ~17% higher than the lowest solar bid in the market With the recent equity and debt financings, Azure Power is one of the best capitalized solar companies in India Azure Power (NYSE: AZRE), one […]

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HPL Electric & Power Q2 Net Surges 26.1% to Rs 7.8 Cr

“The consolidated net profit after taxes (PAT) of the company stood at Rs 6.2 crore during the corresponding quarter a year ago,” said HPL Electric & Power. One of the country’s leading electric equipment maker, HPL Electric & Power reported an increase of 26.1 per cent in its consolidated net profit after taxes (PAT) at […]

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Smart Meters in Rural India a Win-Win Soln for All: ADB

ADB decided to support a USD 200 million loan for Energy Efficiency Services Limited (EESL) to implement various demand-side energy efficiency projects in India. International development finance institution Asian Development Bank (ADB) is mulling to scale up satellite communication technology based smart meters projects as it finds it to be a win-win solution for various stakeholders, including […]

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Sungrow Creates Awareness about Solar at IIT Patna

The company said in a statement that, “It recently made a compelling success with an open course held in one of Indian well-known university, Indian Institute of Technology Patna (IITP), under the title solar innovation and contribution.” One of the leading inverter solution suppliers for renewable, Sungrow launched an awareness program about solar at the […]

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Delhi Power Minister Launches BSES’ Solar City Initiative Phase-2

The BSES said in a statement that, this phase, which will cover the Shakur Basti area, follows the success of the first phase started by the company in Dwarka where around 100 housing societies and apartment complexes have signed up for the initiative. The second phase of Delhi power distribution company BSES’ Solar City Initiative […]

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