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renewable energy investment

Sunnova Expands Zero-Money-Down Solar Power Ownership Program

Sunnova to provide more homeowners with the option to choose solar power and lower their electricity costs. Sunnova, a market leader in residential solar services, announced the expansion of its EZ Own Loan, allowing homeowners to own their solar power system with no out-of-pocket expenses for down payments or maintenance. “The EZ Own Loan allows […]

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Tamil Nadu becomes 21st State to join UDAY

State to derive an Overall Net Benefit of approximately Rs. 11,000 crores through UDAY The Government has signed a MoU with Tamil Nadu and the State DISCOM TANGEDCO under the UDAY for operational and financial turnaround of the DISCOM. Union Minister of State for Power, Coal, New & Renewable Energy and Mines,  Piyush Goyal presided […]

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MNRE to offer financial incentives to DISCOMs to Support Rooftop Solar Power

Ministry of New and Renewable Energy will provide financial incentives to DISCOMs for Rooftop Solar Power In a new policy move, the Ministry of New and Renewable Energy (MNRE) has announced financial incentives for DISCOMs to support rooftop solar power installations. The notification proposes a financial support of up to INR 3.75m (USD 55,000)/MW for […]

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Solar market in India to grow by 90% in 2017: Bridge to India

2017 will be a bumper year for the sector in India with total installed capacity reaching around 18 GW by the end of the year Indian solar market to witness stellar growth in 2017 with total installed capacity reaching around 18 GW by the end of the year claims Bridge to India. According to the […]

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FIPB Gives Nod To Six Proposals Worth Rs 1,200 Crore

Foreign Investment Promotion Board rejected three investment proposals including that of AMP Solar Inter-ministerial body Foreign Investment Promotion Board (FIPB) has cleared six investment proposals slated to bring in foreign investment of Rs 1,200 crore. The Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Shaktikanta Das received 17 proposals. Six investment proposals that […]

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Year-End Review – Ministry of Power

In view of the growing need of the Indian Economy, Government of India has embarked upon a massive programme to provide 24×7 power across the country by 2019. After the completion of half of its term, the Government has achieved many important milestones in the Power sector. Special focus has also been given to North East by giving […]

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Rajasthan Government Exempts Electricity Duty for Rooftop Solar

To further encourage the investments in renewable energy projects, the state government of Rajasthan has exempted electricity duty of 40 paise/unit for rooftop solar and captive units. The decision will help the state to reach closer to 2300 MW rooftop solar capacity by 2022, a target given to it by the Centre. The duty cut […]

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Rooftop solar units from third party costs 40 percent cheaper than DISCOMs

Rooftop solar units installed on industrial and corporate establishments by third parties are offering power 30-40% cheaper than the rates offered by the state’s power distribution companies. This gap is expected to widen further as thermal power companies would need to increase tariffs to accommodate inflationary measures and solar modules prices fall further. The model […]

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