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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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REC lends Financial Assistance to IIT Madras for 2MW rooftop solar panel on campus

Rural Electrification Corp (REC) has provided funds of Rs 1450 lakhs under CSR activities to IIT Madras for rooftop solar panel installation. Rural Electrification Corp (REC) has extended a financial assistance of Rs 1450 lakhs under Corporate Social Responsibility (CSR) initiative to Indian Institute of Technology Madras (IIT Madras) for the project installation of 2MW […]

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ReneSola Signs Framework Agreement to Develop 335 MW of Rooftop Projects

Upon completion of the project, ReneSola will sell the projects to Beijing Enterprises Clean Energy Group. ReneSola has announced that it signed a framework agreement with a wholly owned subsidiary of Beijing Enterprises Clean Energy Group Limited to develop 335 MW of rooftop solar projects in China located in Hebei, Shandong, Fujian, Shanxi and Jiangsu […]

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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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Blue Oak Energy with Sun Air Solar Completes 808 kWdc rooftop Solar PV System

Blue Oak Energy and Sun Air Solar have announced the completion of a 259 kWdc rooftop solar PV system atop a facility occupied by Abbott’s diabetes care business and the Federal Aviation Administration (FAA). Located near Oakland International Airport on Bay Farm Island in San Francisco’s East Bay, a new 259 kWdc rooftop system complements […]

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India’s largest rooftop solar tender to see record low tariffs: Bridge To India

Just last week, Solar Energy Corporation of India (SECI) launched a tender of 1000 MW capacity for development of grid-connected rooftop solar capacity for Central Government Ministries/Departments. The largest rooftop tender launched by SECI is expected to give a big boost to Rooftop Solar Power Generation Segment and help in fulfilling the Modi Government’s target […]

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