INDUSTRY STATUS According to the Indian Green Building Council (IGBC) Annual Report 2014-15, there has been a paradigm shift in the Indian construction sector since the formation of IGBC in 2001. India now has over three billion square feet of green building footprint and in terms of global green building footprint, it is the second largest in the world. The ... Read More »
State power distributor plans 5.5% rate increase Maharashtra State Electricity Distribution Co Ltd (MSEDCL), which supplies electricity to parts of the eastern suburbs of Mumbai, Thane, Navi Mumbai and the rest of the state, has proposed a hike in power tariff by 5.5% for residential and industrial consumers. The state-run power utility firm has proposed a low hike for the ... Read More »
Washington takes a shine to Delhi’s solar mission A $40 million US-India Catalytic Solar Finance Programme will aim at providing liquidity to smaller-scale renewable energy investments, particularly in poorer villages that are not connected to the grid NEW DELHI: India and the US have announced a joint initiative to mobilise up to $400 million for lighting up a million Indian ... Read More »
New green norms to make power, fuels, cars costlier Consumers will have to shell out more for power, fuel and cars in a few years as these industries begin to pass on the burden of technology upgrades being put in place for meeting increasingly stringent environmental and emission norms. The new environmental norms for coal-fired power plants, for example, ... Read More »
Solar power fastest growing new energy source in India: Mercom Mercom Capital Group , a global clean energy communications and research firm estimates solar installations in India to total 5 GW in 2016. Cumulative solar installations in India crossed the 7.5 GW mark in May 2016. About 2.2 GW new capacity has been installed so far this year and it ... Read More »
Adani Arm May Tie up with SunEdison for $2B Solar Foray Co also looking to collaborate with OCI Solar Power and Golden Concord Adani Green Energy Ltd, the renewable energy arm of the Adani Group, is considering a technical partnership with global major SunEdison Inc for its $2-billion foray into integrated solar manufacturing. The collaboration is being considered despite SunEdison’s ... Read More »
With solar boom, MNRE targets 16,660 MW of fresh capacity The Union Ministry of New and Renewable Energy (MNRE) has set the highest ever capacity addition target for the clean power sector this fiscal. It has set a new capacity addition target of 16,660 MW – close to four times the capacity target that the government set in the previous ... Read More »
Indian Govt lines up $2.5bn (Rs.16 crores) for Solar Roof top projects The government has lined up almost $2.5 billion (about Rs 16,800 crore) for providing low cost finance to achieve the target of installing 40 GW grid-connected solar rooftop systems. “The ministry is in negotiations with the KfW Development Bank to secure soft loans of 1 billion euro. They ... Read More »
Rajasthan leads India’s solar power ambitions At the December 2015 Paris Climate negotiations, Prime Minister Narendra Modi announced India’s commitment to 100 Gigawatts of solar energy connected to the grid by 2022. Commentators have questioned this ambitious target given the fact that India’s current solar capacity is approximately 5 GW and India’s commitment is equal to half of the total ... Read More »
India’s installed solar capacity reached 6,000 MW in 6 years: Manufacturer India is on track to become one of the largest installers of solar power globally as its installed solar capacity has reached 6,000 megawatts from 10 megawatts in less than six years, according to a solar power manufacturer. Kolkata-headquartered Vikram Solar believes the government’s ambitious International Solar Alliance ( ... Read More »
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