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MNRE invites Comments / Views on Implications of GST on delivered cost of Renewable Energy by 15th March.

Ministry of New and Renewable Energy (MNRE) has invited comments and views of the implications of Goods and Service Tax (GST) on delivered cost of Renewable Energy by 15th March, 2016. To understand implication of GST on the delivered cost of renewable energy MNRE commissioned a study in July 2015 which then stated that implementation […]

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The Power Industry can attract One Trillion Dollar Investment by 2030: Shri Piyush Goyal

During the term of five year, the power industry is reckoned to attract an investment figured to $250 billion. Government’s task of rural electrification mission emphasizing no village without electricity access and coal swapping plus fresh policies for the electricity sector would aid in attracting this investment, said Union power and coal minister Piyush Goyal […]

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MNRE Endorsed a Scheme to Erect 50MW Solar Plants for People Eye

Ministry of New and Renewable Energy (MNRE), Govt. of India has licensed a scheme to establish 50MW solar power capacity plants in the public areas. A released report of MNRE states that, ‘The tasks will be set up in high visibility areas, such as major cities, where land cost is high, but people can visit […]

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ACME Fixed 140MW Solar Power Project in Haryana

ACME, one of the solar power generators has secured 140MW out of 150MW Solar Project in Haryana at the tariff of Rs 5 per unit. Under the renewable purchase obligations (RPO) scheme, the company likewise to sell the generated power to Haryana Bijli Vitran Nigam Ltd. from the following year. ‘The company is yet to […]

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‘Rooftops for Rent’ a New Turn in Solar Market

‘Give us your rooftop and we will give you cheap solar power’, new business model used by the solar energy companies to boost the solar installation capacities. Properties like Industrial establishments, commercial buildings, malls and large gated communities are the targets for this solar mission in India. ‘Around 240 sq mtre of rooftop space is […]

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U.P Solar Auction Goes to Adani Power and Azure Power

Adani Power and Azure Power have won the most recent auction for solar energy ventures with offers of Rs 4.78 per unit, which is higher than the previous month record (Rs 4.34 per unit). Prayatna Developers, a division of Adani Power and Azure Power have been assigned 50MW at the same cost. In the past […]

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Solar Panel Costs to tumble 10% Each Year – Findings

‘Sudden fall of Solar Power cost, it is likely to outrun the normal energy speculation,’ said a journal of Oxford University Researchers in its ‘Research Policy’ based on innovation, technology, R&D and science. From the early 1980’s, panels to generate power from sunlight has become 10% cheaper each year. According to the research, it is […]

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Initial Move for the Bigger Goal, Solar India – IFFCO

The Government endorsed changes in Power Tariff Act to guarantee 24X7 reasonable powers for all. “IFFCO Phulpur has commissioned 235 KWp Solar Power Plant produce more than 3 lakh kWh/year renewable energy”, Dr. U S Awasthi, MD tweeted. “The Govt. endorsed viability subsidizing of Rs. 5050 crore for grid connected solar with a minimum capacity […]

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Global Solar Sector Attracts US$160 billion Investment in 2015 – BNEF Report

In 2015 the Global investment in solar sector reached a record US$161.5 billion off the back of 57GW of PV installations, more startling than the growth figures is that this commitment to renewables has continued to ratchet up while fossil fuel prices have plummeted. Oil prices have more than halved in two year. According to […]

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