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viability gap funding

India Received $3.2 Bn of FDI in Renewable energy in Last Three Years

In the first three months of the current financial year (2018-19), Rs 452 crore of FDI had already flown in, power minister R K Singh said. India has received Foreign Direct Investment worth $3,217 million in the renewable energy sector over the last three years from April 2015 to June 2018. According to data from the […]

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3,217 Million US$ received as FDI in Renewable Energy Sector

Renewable Energy Capacity reaches about 74GW as on 30/11/2018 The FDI data cell of the Department of Industrial Policy and Promotion (DIPP) compiles and maintains the data of Foreign Direct Investment (FDI) Equity inflow received in the country. The FDI equity inflow from April, 2015 to June, 2018 in the Non-Conventional Energy Sector is as […]

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Centre Provided Rs 383 Cr to Madhya Pradesh Govt for Solar Projects

Rs 70.03 crore were for the development of solar parks and ultra mega solar power projects and Rs 35 crore for solar rooftop schemes among others. The BJP-led central government assisted the Madhya Pradesh government with a funding Rs 382.91 crore over the financial year 2016-17 and 2017-18 for implementing projects and schemes in the […]

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Promotion of Solar Energy

The Ministry of New and Renewable Energy (MNRE) has been implementing various schemes in the country, including in Madhya Pradesh, to promote solar energy. The names of the schemes are as under: i. Development of Solar Parks and Ultra Mega Solar Power Projects. Scheme for setting up 1000 MW of Grid-Connected Solar PV Power Projects […]

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CERC Offers Relief to Welspun Energy in a Case with SECI

WEPL had petitioned for an extension for the commercial operating date for 72 MW of grid-connected solar photovoltaic projects. In a relief to Welspun Energy Private Limited (WEPL), Central Electricity Regulatory Commission (CERC) has issued an order stating that land procurement delay on government’s part will be treated as Force Majeure (unavoidable circumstance). WEPL had […]

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Solar Energy Production in the year 2018-19 was 21.365 Billion Units

Central Electricity Authority (CEA) has reported that the total solar energy production in the year 2018-19 was 21.365 Billion Units (BUs), as on 31.10.2018. The year-wise details of solar energy production since, 2015 are given as under: – S. No Year Generation from Solar Projects (BUs) 1. 2015-16 7.448 2. 2016-17 13.499 3. 2017-18 25.871 […]

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MNRE Postpones Commissioning of 7,750 MW Grid-Connected VGF Solar Projects

MNRE does not hold the developers responsible for the delay in the commissioning of solar PV projects but the supervisory authorities. Ministry of New and Renewable Energy (MNRE) has in a row extended the commissioning deadlines of 7,750 MW grid-connected solar PV power projects under different batches of viability gap funding (VGF) planned under 2nd […]

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Tata Power Renewable Energy Commissions 100 MW Solar Project in AP

We plan to add around 1,000 Mw renewable energy capacity to our portfolio every year, scaling it to 45-50 percent in the next five years, largely through organic growth India’s largest power integration company, Tata Power Renewable Energy Ltd (TPREL) announced it has commissioned a 100 MW solar power plant at Anthapuramu Solar Park in […]

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VGF Program Guidelines Amended for Solar Projects

Ministry of New and Renewable Energy (MNRE) has made amendments in guidelines for the implementation of the viability gap funding for solar photovoltaic projects. Under the National Solar Mission (NSM) Phase-II, Ministry of New and Renewable Energy (MNRE) has made amendments in guidelines for the implementation of the viability gap funding for solar photovoltaic projects. In the […]

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