RK Singh Confident India Will Have 450 GW RE by 2030 Updated On Wed, Jul 22nd, 2020 by Saurenergy India will have around 60% of its installed electricity generation capacity from clean sources by 2030 reaching 450 GW RE capacity, RK Singh has said. India will have around 60 percent of its installed electricity generation capacity from clean energy sources by 2030, Power and New & Renewable Energy Minister R K Singh has said. The […] Read more
Vikram Solar Signs MoU to set up 3 GW Manufacturing Facility in Tamil Nadu Updated On Wed, Jul 22nd, 2020 by Saurenergy Vikram Solar intends to set up a 3 GW solar manufacturing facility in Tamil Nadu, after it signed a Memorandum of Understanding with the state government. Kolkata-based solar energy module manufacturer and solutions provider – Vikram Solar has announced that it is planning to set up a 3-gigawatt (GW) solar manufacturing facility in Tamil Nadu, after it […] Read more
Valid PPAs Before Aug 1 to get Exemption on Higher Duty on Imports Updated On Mon, Jul 6th, 2020 by Saurenergy Solar projects with valid PPAs before August 1, 2020, will be exempted from the proposed higher import duty on solar equipment and components. Solar power developers, that are still on course or in the process of starting work on the development of new solar projects in the country might be exempted from paying the newly proposed […] Read more
Plans in Place to More Than Triple Local Solar Manufacturing Capacity Updated On Mon, Jul 6th, 2020 by Saurenergy The government has proposed a major push to domestic manufacturing of solar equipment in the country that would completely eliminate the need for imports The central government has proposed a major push to domestic manufacturing of renewable energy (solar) equipment in the country that would completely eliminate the need for imports, particularly from countries such as China. As part of […] Read more
PFC, REC may Restrict Funding for Projects Using Chinese Equipment Updated On Tue, Jun 30th, 2020 by Saurenergy The government’s economic response against China may see public-sector financiers like PFC, REC restricting funding of projects that use equipment from the country The government’s economic response against China may see public sector financiers restricting funding of projects that use equipment from the neighbouring country. The practice would first be adopted in the power sector, […] Read more
Policy Focus on Domestic Manufacturing Positive for Indian Solar OEMs: ICRA Updated On Thu, Jun 25th, 2020 by Saurenergy With an aim to support domestic module manufacturers, government’s focus recently increased on the initiatives like ‘Atmanirbhar Bharat Abhiyan’ and ‘Make in India’. Now, in line with this, the government has formulated various schemes in past one year including the Central Public Sector Undertaking (CPSU) Scheme which envisages installation of 12 GW solar power capacities […] Read more
India Short Circuits Power Sector Imports, As China Shadow Looms Updated On Tue, Jun 23rd, 2020 by Saurenergy With material from China practically stuck at ports, ever since last week, when a border skirmish went out of control leading to fatalities on a hitherto ‘peaceful’ border, Power Minister R.K. Singh formally outlined a series of steps today, to combat the ‘risks’ of imports in the ‘strategic’ power sector. The measures, while stopping short […] Read more
Need to Reduce Dependence on Power Sector Import: RK Singh Updated On Tue, Jun 23rd, 2020 by Saurenergy In order to protect the safety and security of our country, there is a need to reduce the dependency on import in the power sector, said RK Singh on Tuesday. The Minister also emphasized that power is a critical infrastructure for the development of our country, and everything, including, communication, data services, health services, logistics, […] Read more
Solar Manufacturers Support Vocal-for-Local Program; Seek Level-Playing Field Updated On Tue, Jun 2nd, 2020 by Saurenergy The country’s leading solar photovoltaic (PV) manufacturers, including RenewSys, Vikram Solar and Webel Solar, have extended their support to Prime Minister Narendra Modi’s recent call for Vocal-for-Local program. However, they sought level-playing field for all irrespective of the area within the country. By welcoming the government’s move, Avinash Hiranandani, Global CEO & Managing Director of […] Read more
