Union Budget revealed in recent days earmarks US$3 billion for the power and renewables sector and outlines plan to give tax breaks to foreign sovereign wealth funds and domestic IPPs.
India’s Discoms are the biggest hurdle to the proliferation of clean energy micro-grids, the head of the premier Indian government think tank and senior adviser to prime minister Narendra Modi has said.
juwi Shizen bags EPC order for 42MW Japan solar plant, Financiers plan renewables for 9,300 Solomon Islanders, World Bank to provide US$250 million loan for electricity distribution sector reforms in Rajasthan, India.
As an investor from a matured solar market in the West looking at India, Jonathan Selwyn, chairman of the UK retail investor-backed Downing Indian Solar EIS, discusses the experience of investing in Indian solar.
The Solar Energy Corporation of India (SECI) has tendered another 3GW of inter-state transmission system (ISTS)-connected solar projects to be set up anywhere in India, adding to the 2GW of similar projects tendered in January.
Ministry of New and Renewable Energy (MNRE) plans INR234.5 billion in financial support for Discoms to drive rooftop solar, The Indian government has taken remedial action on its solar import trouble at ports.
Rooftop PV is the fastest growing renewable energy sub-segment in India, with individual system sizes increasing and the C&I sector maturing, but a new report by Bloomberg New Energy Finance (BNEF) predicts that India will still only reach 9.5GW out of its 40GW target by 2022.