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solar policy

MNRE Plans to Bid 60 GW of Solar Capacity by the Year 2020

Projects worth each 30 GW solar power and 10 GW wind power capacity would be bid out each in the year 2018-19 & 2019-20. To meet the target of achieving 175 GW of renewable energy by the year 2022, the Ministry of New and Renewable energy aims to issue tenders for 60 GW of solar […]

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World Bank and AFD to launch Global Solar Risk Mitigation Initiative

The SRMI is an integrated approach aimed it tackling policy, technical and financial issues, which are associated with scaling up solar energy initiatives. Keeping in line with international Solar Alliance’s ambition of promoting solar energy among member states, the World Bank and Agence Française de Développement (AFD) are developing a joint Global Solar Risk Mitigation […]

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India Adds Record 1,538 MW of Solar Rooftop by September 30: Report

The report said that the solar capacity is expected to reach 15.3 GW by March 2022 in a scenario where the growth takes place at the current rate. Pioneering as a leader in solar energy, India installed a record 1,538 MW of solar rooftop in the year ended September 30, 2018, bringing the total rooftop […]

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AfDB Group Okays $18.17 Mn for Kopere Solar Project in Kenya

Moreover, the bank is also in the process of securing a USD 11.6 million concessional loan from the Climate Investment Fund’s Scaling-up Renewable Energy Program (SREP). The African Development Bank (AfDB) Group has approved a USD 18.17 million senior loan to 40 MWac (50MWp) Kopere Solar Power Project in Kenya. The Kopere project, which falls under Kenya’s Renewable Energy Feed-in-Tariff (FiT) […]

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Chennai Corporation’s Buildings to go Solar Under the Smart City Project

Working under the smart city initiative, government offices, schools, and hospitals under the Corporation will generate a total of 3.06 MW of electricity. Moving towards a sustainable future, Greater Chennai Corporation is going to provide electricity for 662 buildings under its ambit with the use of solar power. Working under the smart city initiative, government […]

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European Commission Approves 600 Million Euros in State Aid to French Solar Projects

The approval has been given under EU State aid rules which prohibits financial support by the government towards a business entity unless it is justified The European Commission has given its approval to a measure of providing stat sponsored financial support of 600 million euros innovative solar power installations in France. The approval has been […]

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Delhi Government Invites Comments on Draft Delhi Electric Vehicle Policy 2018

The policy aims to reduce Delhi’s pollution by taking care of vehicular emission focusing primarily on incentivising the purchase and use of electric vehicles. Arvind Kejriwal led Delhi Government has invited comments from the public on the draft ‘Delhi Electric Vehicle Policy 2018’ which was released recently. “With vehicular pollution being a consistent source of […]

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Solar Industry Facing Some Challenge: Gyanesh Chaudhary

Ambiguity arising from the GST relates to the fact that it is still not clear whether solar projects will be categorized under the 5% tax bracket or 18% tax bracket. Implementation of Goods and Service Tax and imposition of safeguard duties are proving to be challenging for the solar industry in India, Gyanesh Chaudhary, MD […]

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