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viability gap funding

To Meet AgriPV Capacity Of 20 GW In India By 2040, 1.1 Lakh Jobs To Be Created-Report

India’s potential for Agri-Photovoltaic (APV) varies significantly across districts, ranging from 3,156 GW to 13,803 GW for various APV technologies according to recent report. In a report by the Fraunhofer Institute for Solar Energy Systems, EY, and CSTEP they projected APV capacity from 2024 to 2040, to achieve a cumulative addition of 20 GW and […]

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J&K Forms Committee To Implement 12 Crore RE Projects

The Jammu and Kashmir (J&K) government recently constituted an appraisal committee for renewable energy projects in the state. As per its recent order, the government sanctioned the constitution of the Technical Appraisal Committee (TAC). This TAC was formed for the implementation of renewable energy projects worth more than 12 crores. These projects are expected to […]

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MNRE Finalises BESS Mechanisms For ‘Round-the-Clock’ Renewable Energy

A meeting was held by Union Minister for Power and New & Renewable Energy RK Singh on February 22 regarding finalising the structure for operationalizing the scheme for Viability Gap Funding (VGF) for the development of Battery Energy Storage Systems (BESS) with a capacity of 4,000 Megawatt Hours (MWh). The minister emphasised that the price […]

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PSP Emerges Cost Competitive To BESS: CareEdge Ratings Analysis

CareEdge Ratings a research-based company in its recent estimate for this year found PSP and BESS to be two leading technologies for energy storage. The CareEdge report found that Pumped Storage Projects (PSP) and Battery-Energy Storage Solutions (BESS) technology can become leading technologies in the mainstream mediums for energy storage. It holds the potential to […]

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PM Inaugurates NHPC’s 300 MW Solar Power Plant In Bikaner

Prime Minister Narendra Modi today laid the foundation stone for NHPC’s 300 MW Karnisar-Bhatiyan Solar Power Plant Project in Bikaner, Rajasthan. The ceremony was conducted through a video conference today. It was launched by the government of India’s Central Public Sector Undertaking (CPSU) scheme, Phase-II Tranche-III, the solar project used bifacial modules manufactured in India. […]

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Re-strategizing To Meet The Growing Demand For Power

Few sectors, if any, today pose as many challenges or hold as many opportunities as India’s power sector. It has witnessed developments and disruptions in recent years, and while the long-term goal posts remain largely steady, we might have to move sideways towards them instead of headlong. India’s power demand grew at an unprecedented 9% […]

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SECI Issues Bids For 4 GW Offshore Wind Projects Near Tamil Nadu

The Solar Energy Corporation of India (SECI) has invited bids for the development of offshore wind energy of a total capacity of 4 GW. The bids invited are for four blocks of 1 GW each on an open access basis, for the development of offshore wind power projects off the coast of Tamil Nadu, through […]

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BUDGET: FM Announces Support For RTS, Offshore Wind and EV Manufacturing

Union Finance Minister Nirmala Sitharaman announced the Union Budget 2024 today. Speaking in Lok Sabha, the finance minister discussed the recently announced Pradhan Mantri (PM) Suryodaya Scheme. On January 22, PM Narendra Modi announced the connection of one crore households with rooftop solar. In her budget speech, the finance minister talked about the savings of […]

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BUDGET: Solar Industry Wants Funds For RTS, Lower GST On Equipment

As Union Finance Minister Nirmala Sitharaman is all set to announce the Union Budget today in Lok Sabha, the solar industry is anticipating several announcements for the sector. Several industry experts anticipate announcements that could support the industry. However, most of the solar industry experts who spoke on the issue talked about reduced taxes for […]

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