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90,710 Solar Pumps has been Installed throughout the country: Piyush Goyal

Piyush Goyal-Power, Coal, New and Renewable Energy and Mine, Minister in Lok Sabha on Thursday informed that 90,710 solar pumps have been installed throughout the country as on 31st October, 2016. Installations of more pumps are at various stages of implementation. Goyal stated that “a target of 50,000 pumps for irrigation and potable water consumption has […]

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ReNew Power announces public issue of NCD worth Rs.500 cr

India based renewable energy company, ReNew Power on Wednesday announced public issue of Non-Convertible Debentures (NCD’s) with a face value of Rs. 10, 00,000 each combining to Rs. 500 Crore. The company notes that this is the first certification of an already issued Project Bond by the Climate Bond Initiative (an international, investor focused not-for-profit […]

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Why EPC are Treading in the Solar Race?

Solar has taken the momentum with a cumulative installed grid connected solar power capacity reaching 8,062 MW (8.1 GW) as of 31 July 2016. The ecosystem seems stable as analyst asserts that the solar market in India is set to clan the billion-dollar space. Not much appalling on the WTO setback, Indian Solar manufacturing capabilities […]

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Solar Parks in India: Scope, Status, Achievement, and Challenges

India, with its large population and rapidly growing economy, needs access to clean, cheap and reliable sources of energy. The government with the Jawaharlal Nehru National Solar Mission has been promoting ecologically sustainable growth while addressing India’s energy security challenge. The Government of India’s ambitious plan to add 100 GW of solar capacity by 2022 […]

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NTPC to set up 50 MW solar project in Andaman & Nicobar Island

NTPC will be installing 50MW solar power projects with battery energy storage system at different locations in Port Blair in Andaman & Nicobar Island. A Memorandum of Understanding (MOU) has been signed between NTPC, Andaman & Nicobar Administration & Ministry of New and Renewable Energy in New Delhi. The power generated from the commissioned solar […]

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Hartek Power secures 460 MW solar orders

Hartek Power has announced that the company has bagged orders for commissioning of 460MW solar projects in the first half of the current financial year, registering an increase of 373% over last year when the company had secured 123MW orders. The 460MW orders secured by the Chandigarh based solar firm include 16 substation projects of […]

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Huge growth forecasted for India’s solar sector

India’s solar sector outlook is positive in view of a strong government support for the renewable energy sector to achieve the target of 40GW of installed rooftop solar power by 2022 along with high investor interest, says a report. “We maintain our view that inefficiencies in the power grid infrastructure, power supply shortages and the […]

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