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Bank of America Extends Rs 356.5 cr LOC to Fourth Partner Energy

Distributed solar energy solutions provider Fourth Partner Energy has received a USD 50 million (Rs 356.5 crore) LOC from the Bank of America. Hyderabad-based distributed solar energy solutions provider Fourth Partner Energy has received a USD 50 million (Rs 356.5 crore) line of credit (LOC) from the Bank of America. This is Bank of America’s […]

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47.86 GW of Renewable Capacity Installed in India Over Last 6 Years

RK Singh has informed the parliament that a total of 47.86 gigawatts (GW) of renewable energy capacity has been installed in India over the past six years. Power and New & Renewable Energy Minister RK Singh has informed the parliament that a total of 47.86 gigawatts (GW) of renewable energy capacity has been installed in India over the past six […]

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India Needs Over Rs 4 Lakh Crore to Achieve 175 GW Renewable Target

RK Singh has said that India will need an investment of approximately Rs 4 lakh crore to achieve the balance target of its 175 GW renewable target. Minister of State for New & Renewable Energy and Power, RK Singh has said that India will need an investment in the region of approximately Rs 4 lakh […]

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MNRE Missing Yearly RE Targets, 175 GW by 2022 in Danger: Parliamentary Panel

MNRE has continuously failed to achieve its yearly targets of clean energy capacity addition, which may hamper the mission of having 175 GW of RE by 2022. The Ministry of New and Renewable Energy (MNRE) has continuously failed to achieve its yearly targets of clean energy capacity addition, which may hamper the mission of having 175 […]

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India’s Installed Wind Capacity Crosses 37 GW, Tamil Nadu Well Ahead of Rest

India’s installed wind energy capacity has surpassed the 37 GW mark, Union Power Minister RK Singh has informed.  India’s installed wind energy capacity has surpassed the 31 GW mark with nearly 37090 MW of capacity installed in the country as of October 31, 2019. The information was provided by RK Singh, Union Minister of State […]

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Punjab in Talks With Japan for Launching Electric Buses

The Punjab government is in talks with Japan to launch electric buses based on the Japanese model of state-of-the-art quick charge lithium-ion batteries The Punjab government has informed that it is in talks with Japan to launch electric buses based on the Japanese model of state-of-the-art quick charge lithium-ion batteries in the state. The project will begin with […]

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MERC Approves Rs 2.52/kWh Tariff for Procurement of 500 MW Wind Power

MERC has approved the tariff of Rs 2.52/kWh for the procurement of 500 MW wind power as requested by the MSEDCL in its last petition. The Maharashtra Electricity Regulatory Commission (MERC) has in its latest order approved the tariff of Rs 2.52/kWh for procurement of 500 MW wind power as requested by the Maharashtra State […]

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MNRE Opens Internship on Renewable Energy

The Ministry of New and Renewable Energy (MNRE) has opened entries for internship under its ‘national renewable energy internship scheme’ for students. Under this program, MNRE will provide internship to students those who are pursuing Under Graduate/ Graduate/ Post Graduate degrees or research scholars enrolled in the recognized institutes/ universities with in India or abroad, […]

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Microgeneration and Power Trading – Will it work for India

At the outset let us define what is microgeneration. In simple terms, it is defined as the small-scale production of electricity from a low carbon source. This includes the design and installation of advanced distributed generation systems using traditional or renewables technologies. Given that traditional power systems are efficient only at scale, they typically do […]

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