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benefits of solar energy

What Energy Transition Means For Indian Homeowners & Individuals?

By-Praveen Raju, Janhavi Joshi, and Amoolya Khurana  The Government of India highlighted the challenges faced by developing countries to combat climate change at the 2021 United Nations Climate Change Conference (“COP26”) and subsequently presented India’s commitments to the energy transition in the form of Panchamrit i.e., a five-step approach to combat climate change which included […]

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Barclays, Lightsource bp Sign $140 Million Deal For Louisiana Solar Project

Barclays and Lightsource bp have announced that they have committed to a $140 million tax equity deal which will finance the construction of the Prairie Ronde 180MWdc solar project in St. Landry Parish, Louisiana. According to a media statement by Lightsource bp, the deal is one of the first to be led by Barclays’ new […]

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Korkia & Econous Green Energy Partner To Develop 600 MW Solar Power In Romania

Korkia and Romania-based renewable energy developer Econous Green Energy have set up a partnership to develop 600 MW of solar energy in Romania. Initial projects are expected to be licensed and ready for construction in 2025. According to a media statement by Korkia, 600 MW of photovoltaic capacity means approximately 780,000 MWh of electricity production, […]

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Germany-based RWE Begins Building 330 MW UK Solar Projects

Germany-based clean energy company RWE has initiated work related to seven projects, representing 330 megawatts (MW) of new, clean electricity capacity, now entering construction in the United Kingdom. The projects are the first to be constructed from the solar portfolio secured by RWE through its acquisition of JBM Solar, one of the UK’s largest independent […]

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Delhi Solar Policy Interlinks DISCOMs, Consumers, Reduces Upfront Cost

Department of Power under the Delhi government recently released the Delhi Solar Policy. Under this new policy, the government introduced a hybrid RESCO model. This model establishes a tripartite link among DISCOMs, consumers, and RESCO developers through a Power Purchase Agreement (PPA). The revised model can facilitate solar panel installation on consumer rooftops without upfront […]

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EU Adopts Plans For New Energy Efficient Building, Revises Solar Standard Rules

European Union (EU), Member of European parliament (MEP) recently adopted plans, to build energy efficient buildings. These plans were agreed upon by council, to help reduce energy consumption and greenhouse-gas emissions from the buildings sector. The EU solar standard for new building is to be executed from 2026 which are required to have solar rooftop […]

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The PM Free Solar Power Scheme- Challenges Ahead

The Pradhan Mantri Surya Ghar: Muft Bijli Yojna (PMMBY), going by the hype around it, has achieved one of its key objectives already. Perhaps no other announcement around solar has triggered the sort of coverage and expectations  like this single announcement from Prime Minister Narendra Modi to power 10 million households across India with solar […]

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MSEDCL Approves Maharashtra’s Procurement Of 7,783 MW Solar Energy

Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) recently approved the procurement of 7783 MW on a long-term basis at a tariff of Rs 2.90 to 3.10/kWh from solar generators. The commission also allows MSEDCL to procure additional power up to 2000 MW under subsequent rounds of bidding under MSKVY 2.0 subject to the condition that […]

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Govt Asks Coal Firms To Increase Adoption Of Solar Power

Ministry of Coal recently issued directives to coal companies to accelerate the adoption of solar energy solutions. This initiative is undertaken to minimise the carbon footprints of mining. The Ministry of Coal has issued directives to coal companies to accelerate the adoption of solar energy solutions. This includes the installation of rooftop solar panels on […]

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