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SunEdison finds difficult to get buyers for its projects in India

US-based renewable energy company SunEdison is finding it difficult to attract buyers for its projects in India. The company failed to sell its 1,480 megawatt (Mw) Indian portfolio to Macquarie Capital, which may affect the valuation of the projects that is estimated by the market at Rs 7,600 crore. According to Business Standard Adani Power […]

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Mahagenco to step up solar power generation on top of water bodies

Maharashtra State Power Generation Company Limited (Mahagenco) has revealed plans to step up solar power generation atop water bodies with water resources department and local self-governing bodies reports TOI. The company officials are working closely with government agencies owning the water bodies on revenue-sharing model. Mahagenco replicating the Gujarat model will cover canals and water […]

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Maharashtra, UP gets Tough Solar Targets for 2022

The MNRE has recently handed over red-letters to solar-friendly states underlining targets and deadline for renewable energy generation and absorption. The letter pronounces Maharashtra and Uttar Pradesh into the challenging solar energy targets by 2022, asserting Maharashtra to increase 30 times solar capacity to its existing 378.7 MW generating 11,926 MW. UP also has a […]

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Bihar Sign MoU under “UDAY” Scheme, becomes the Sixth State

Bihar to become the sixth state to benefit from the UDAY scheme, as the Government of India, the State of Bihar and the DISCOMs of Bihar (North Bihar Power Distribution Company Limited, and South Bihar Power Distribution Company Limited) signed Memorandum of Understanding (MOU) for operational and financial turnaround of the DISCOMs. Bihar is the […]

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Solar Power Tariffs to witness Legitimate Fall – Study

Despite aggressive bidding, debt viability of projects with low execution and counterparty risks — especially those under the Jawaharlal Nehru National Solar Mission scheme and Solar Park scheme, is likely to remain intact,” said a recent report of India Ratings and Research, or Ind-Ra. Solar power tariffs—which hit a low of Rs 4.34 per unit […]

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ACME Fixed 140MW Solar Power Project in Haryana

ACME, one of the solar power generators has secured 140MW out of 150MW Solar Project in Haryana at the tariff of Rs 5 per unit. Under the renewable purchase obligations (RPO) scheme, the company likewise to sell the generated power to Haryana Bijli Vitran Nigam Ltd. from the following year. ‘The company is yet to […]

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India Reaches ambitious 5,000 MW of Solar Power Installed Capacity

The solar power generation figures underlined by the Govt. of India by 2022 is getting some momentum, latest report asserts that till Mid – January the installed capacity of solar power in India crossed the milestone of 5,000 MW. The cumulative installed capacity has reached to 5,130 MW with installed capacity of 1385 MW in […]

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Strategies Launched for Acquiring Solar Energy Earmarks – MNRE

India is holding the biggest renewable capacity extension program on the planet. The Centre has taken up several strategies for acquiring Solar Energy earmarks; targets of 20,000 MW of solar power proposed to be introduced in the nation 2022. Off-Grid Housetop: Programed to install 40GW solar rooftop programs where Grid is now exist. 15% Government […]

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The Desert State Utilizing Only 0.51% of its Solar Energy Potential- CAG Report

The most recent statement by the specialist, Comptroller and Auditor General (CAG) on Renewable Energy Division in India said that Rajasthan is using just 0.51 % of its sun powered energy potential. The report, which was composed in Parliament, recently states Rajasthan along with Gujarat has forged more than 50 per cent of the aggregate […]

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