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Global Solar Capacity to Reach 1 TW Mark by 2023

China, India and Japan will account for the biggest share in the development of the capacity according to Solar Market Outlook Update for Q2 released by GTM Research. Leading information services provider in next-generation electricity systems, GTM Research declares global solar capacity to surpass 1 terawatt mark by 2023. Surprisingly, China, India and Japan will […]

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REC Signs € 200 mn Loan Agreement with Germany’s KfW Bank

This is REC’s fourth line of credit under Indo-German Development Cooperation which will be utilized to fund green energy projects in India. State-run entity responsible for financing rural infrastructural projects, Rural Electrification Corporation (REC) has signed a loan agreement with German bank KfW worth euro 200 million for funding renewable energy projects. This is REC’s fourth line […]

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Ikea’s Hyderabad Store to use Solar-powered Rickshaws for Delivery

The solar powered auto rickshaws will be run by electric motors which will source energy from batteries which will be charged at the Ikea’s solar facility fitted with around 4,000 rooftop solar panels. Excess energy will be used by the store inside. Sweden based MNC furniture and home accessories company, Ikea has opened its store […]

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India Far from 100GW Solar Power Target: CRISIL

The agency also stated in the report that with best possibilities the country would be able to attain 78 to 80 GW of solar power by the end of 2022 up from the current installed capacity of 21.65 GW. Impacting the solar sentiments of India, ratings and research agency, Credit Rating Information Services of India (CRISIL) has asserted that India […]

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Airbus’ High Altitude Solar Aircraft ‘Zephyr’ Flies for 26 Straight Days

The purpose of the Airbus aircraft is to provide local satellite-like services. It is believed to endure like a satellite, focuses like an aircraft and is cheaper than either of them. European aerospace giant, Airbus claims a 26-day run of its High Altitude Pseudo-Satellite unmanned aircraft, Zephyr in a single stretch. The purpose of the […]

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India’s Energy deficit Shrinks to less than 1% in 2018: NITI Ayog

Cumulative installed capacity has nearly doubled, from 35.5 GW in 2013-14 to about 70 GW in 2017-18. The installed power generation capacity in India has risen to 344 GW and its energy deficit, which stood at over 4 per cent in 2014, has shrunk to less than one per cent in 2018, an official release said. NITI […]

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PM Modi Audited Execution of Energy and Mining Sector Programs

The PM Modi review meeting lasted for two hours and was attended by top officials from infrastructure-related Ministries, NITI Aayog, and PMO. In order to assure the credibility of energy and mining sector, PM Modi reviewed key infrastructure sectors of power, renewable energy, petroleum and natural gas, coal, and mining. The review meeting lasting for two […]

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Tesla may Go Private For $420 Per Share Price

The $420 share price of Tesla is seemingly decided on the fact that it is already a valuable automaker in the United States. Stunning the shareholders and onlookers, Elon Musk in a tweet mentioned about thinking to make the American Multinational Corporation, Tesla, private at a cost of USD 420 per share. The tweet made […]

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