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World Bank

Solar Modules Stranded at Indian Ports Because of Import Duty Altercation

Solar modules worth more than $150 million are stuck at different Indian ports because of a disagreement about their grouping and the import charge connected to them. Solar modules worth more than $150 million are stuck at different Indian ports because of a disagreement about their grouping and the import charge connected to them, sources […]

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Waaree Energies Limited Raises Rs 100 crore From Centrum Financial Services Limited

Centrum Group, controlled by ex-Standard Chartered top leader, Jaspal Bindra, made the investment through its non-banking finance arm. The integrated solar power solutions company, Waaree Energies Limited raised Rs 100 crore  from Centrum Financial Services Limited for helping the Mumbai-based alternate energy equipments firm’s capacity expansion through a structured financing deal. Founded in 1989 and headquartered […]

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GoodWe AC-Coupled Retrofit Inverter

Product Brief: GoodWe launched its new SBP series, which is claimed to be the world’s first AC-coupled retrofit solution with UPS function which allows energy storage and uninterruptible power supply to both single phase and three phase inverter systems. Product Feature: GoodWe SPB Series is a cost-efficient, battery backup solution which can work alongside any […]

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India Plans Rs 11,000 Crore Aid To Support Domestic Solar Cell Manufacturing

The Ministry of New and Renewable Energy (MNRE) has released a concept note of a proposal that aims to provide a 30 percent subsidy for setting up new solar plants and expanding the existing ones. India plans to boost solar module manufacturing by providing Rs 11,000 crore direct support along with concessions to cut reliance […]

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Europe Moves to Grow Green Economy at Paris Climate Meeting

European leaders in Paris called for a sector-by-sector approach to investments that makes good use of the single market in the European Union. Commemorating the Paris climate agreement, European leaders said they are committed to establishing the bloc as the destination for green development. European and international delegates are in Paris for a series of […]

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Acme Cleantech Solutions Approaches Madras High Court for Levied Import Duty

In its petition, Acme said that customs officials were not following the proper procedure in making their revised assessments. The Madras High Court was approached by a solar power developer named Acme Cleantech Solutions filing a petition against Chennai port customs officials accusing them of charging import duties on panels and modules by categorizing them […]

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Goa’s New Solar Power Policy Sets Target to Generate 150 MW of Power by 2021

The policy includes a unit of capacity of up to 100KV of power and is divided into three categories said the chief minister. Goa Chief Minister, Manohar Parrikar approved the much needed solar power policy according to which the state will target to generate 150MW of energy by 2021. Parrikar also announced the policy to […]

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