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MYSUN receives a funding of $2.5 Million; Hemant Taneja joins the company’s board

Recently launched solar marketplace MYSUN (www.itsmysun.com) has received an initial funding of $ 2.5 million. This is the first round of funding after the company was founded by Gagan Vermani and two of his colleagues Divyanshu Sachdev and Gyan Prakash Tiwari in September, 2015 to focus on demand creation, technology, big data, analytics and standardization […]

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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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MNRE inviting comments/ suggestions on operational guideline for channel partner/ New Entrepreneurs

The Government has set a target of 40,000 MWp of Grid-Interactive Rooftop Solar PV Plants by 2022. These rooftop solar PV plants will be set up in residential, commercial, industrial, institutional sectors in the country ranging from 1 kWp to 500 kWp capacity. Such rooftop plants have become economically viable as they produce clean electricity […]

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Kerala targets to add 600 MW of solar in next three years

In an attempt to meet rising energy demand of the state, Kerala aims to get a huge boost as it plans to install another 600 MW of new solar over the next three years. As Kerala looks to satisfy its renewable purchase obligations, the decision to install 600 MW solar plants is a welcome for […]

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Rail Minister Suresh Prabhu Flags Off Newly Manufactured Solar Powered Guard Van of Goods Train

Minister of Railways Suresh Prabhakar Prabhu on Wednesday inspected and flagged off the newly manufactured solar powered Guard Van of Goods (Freight) Train at Delhi Safdarjung Railway Station. The new Guard Van is equipped with Solar powered Light, Fan, Mobile Charging Point along with the facility of Zero discharge Bio Toilet.. Speaking on the occasion […]

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Anchor Electricals announces the launch of Panasonic LED luminaries for Indian market

Anchor Electricals (A Panasonic Group Company) on Wednesday announced the launch of its brand new Panasonic LED Luminaries for the Indian market. Panasonic extends its range of products to the Hospitality, Industrial and Outdoor segments; expanding its folio in the Architectural and Commercial luminaires space. The company now aims at growing its presence in the […]

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ABB to install solar based micro grid at Vadodara facility

ABB has announced that it will install a fully integrated and standardized micro-grid at its Vadodara facility in Gujarat, India to help boost renewable energy generation while reducing dependency on fossil fuel. This micro-grid, with a rooftop photo voltaic field at the company’s biggest manufacturing location in India with around 3,000 employees, will help ensure […]

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Azure Power Ties up with Overseas Private Investment Corporation (OPIC)

Azure Power has announced that it has partnered with U.S. Government’s development finance institution- Overseas Private Investment Corporation (OPIC) for long-term low-cost debt financing facility of USD 20 million for 15 years at a cost of capital of 4.74%. The company will utilize the load to construct 19 MW new solar rooftop projects across multiple […]

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Power sector is focusing on distributed energy production: Piyush Goyal

Piyush Goyal, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines addressing a media event informed that Coal India has set a target to replace about 15 million tons of imported coal with indigenous coal in the next six months. On sideline of the event he said “apart from shifting […]

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