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renewable energy

MNREs Rooftop Solar Power Plants Scheme to Rescue Kashmir From Power Crisis

The scheme will provide government subsidy of 70 percent to the customers generating solar energy and setting up roof top solar plants. During winters the electricity demand in Kashmir rises to up to 1900MWs against the availability of 1200MWs produced by the Power Development Department (PDD) of Kashmir. In order to compensate the additional 700MW []

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Paris Agreement Enables India to Attract $3.1 Trillion of investments by 2030

Indias target of installing 175GW of energy capacity by 2022 claim to have potential of $448 billion worth investments. As per the report issued by the International Finance Corporation (IFC), around $3.1 trillion worth investments are to be expected by 2030. The investments majorly aimed at accomplishing goals as set by the Paris agreement. The []

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Manipur is the Recently Added State to be Benefitted by Saubhagya Scheme

The scheme is set to make electricity affordable for The poorest of the poor and promised 24×7 power supply by March 2019. State of Manipur is now included in the list of states to bestowed with the Saubhagya scheme, which aims to provide electricity to Indias each and every household. Minister for Power and New []

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Tumbling Solar Prices Starts Claiming Victims as Trina Reconsiders India

Trina solar CEO says the Chinese company is reconsidering a planned India plant because prices there are now too low. The price of solar is tumbling across the world. And solar auctions are having their intended effect: Prices for developers are tumbling across Asia. While thats good news for consumers, solar companies might have to []

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World Banks IFC Funds CleanMax Solar with $15 Million

IFC also invested $125 million in Hero Future Energies, Hero Groups renewable arm against an undisclosed equity stake. A senior executive from rooftop solar company CleanMax Solar has announced that the firm which is currently backed by American private equity giant Warburg Pincus has recently secured $15 million of funding against equity capital from International []

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Arctech Solars First African Solar Power Project Successfully Constructed

Arctech Solar is expecting a significant solar power yield increase from this project. It is also the first solar power tracker project in southern Namibia so far. The 6MWp solar power plant in Namibia, built by the PowerChina Guizhou Engineering Company, was successfully constructed and is expected to be commissioned and grid connected by the []

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Hydrogen Fuel for Cars One Step Closer to Reality

The technology, described in a paper in the journal Energy Storage Materials, could be especially useful in rural areas, or to military units serving in remote locations. Researchers at University of California, Los Angeles have designed a device that can use solar energy to inexpensively and efficiently create and store energy, which could be used []

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Solar Rooftops to Cater 90 Percent Power To Chennai Corp Buildings

By installing these solar panels, it is assumed that 90 percent of the power needs of the corporation buildings will be met through this project. In a bid to swerve towards clean energy from non-renewable energy, the Greater Chennai Corporation is all set to install solar panels in 1,378 Chennai corporation owned buildings. According to []

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