News

India adds 3,000 MW solar capacity in FY16, beats 2,000 MW target India added close to 3,019 mw of grid-connected solar power generation capacity in 2015-16, which is well above its target of 2,000 mw for the fiscal. India’s total solar power generation capacity touched 6,763 mw as on March 31, 2016, according to the latest update on progress on ... Read More »

Banks, NBFCs sanction Rs 71k-cr for clean energy projects As many as 40 banks and NBFCs have sanctioned Rs 71,201.54 crore to finance renewable energy projects and disbursed Rs 29,529.57 crore for the same during February 2015 and March 2016. “Forty banks and non-banking financial companies (NBFCs) have sanctioned an amount of Rs 71,201.54 crore to finance the various renewable ... Read More »

Indian Bankers Said to Be Wary of Solar as SunEdison Totters Indian lenders are becoming increasingly reluctant to finance solar-power projects by foreign companies as bankruptcy looms for SunEdison Inc. in the U.S., creditors familiar with the matter said. Lenders in Asia’s No. 3 economy are hesitating as the world’s biggest renewable energy company totters and record-low Indian solar tariffs ... Read More »

Development banks urged to put more energy into power for poor The World Bank and other major development banks are investing far too little in getting electric power to poor people around the globe, and should allocate at least half their energy budgets to such projects, environmental groups said on Thursday. Some 1.1 billion people, one in seven of the ... Read More »

Indian Solar Auction Sees Foreign Developers Mostly Shut Out India’s latest offering of solar capacity saw just one foreign bidder among the winners, a reversal of previous auctions when outsiders dominated, winning the right to supply clean power at record-low rates deemed by domestic developers as unrealistic. Of the local players, RattanIndia Power Ltd., Adani Enterprises Ltd., Tata Power Co., ... Read More »

Can you afford to ignore the orders of the Hon’ble Supreme Court in making RPO compliance mandatory? Are you in compliance? In a recent judgment by the Hon’ble Supreme Court, in the matter of RERC v/s Hindustan Zinc, it is now mandatory for all industrial and commercial consumers to abide by the RPOs as laid out in the National Tariff ... Read More »

India’s academic institutes to go green with central aid Top technology institutes in Bengal like Indian Institute of Engineering Science and Technology (IIEST), NIT-Durgapur and IIT-Kharagpur, will soon turn into solar hubs with many already installing solar panels to become energy-efficient campuses. The national solar mission, through the ministry of new and renewable energy (MNRE) has persuaded the ministry of ... Read More »

Dubai seeks to boost cooperation with India in renewable and clean energy A high-level delegation from Dubai Electricity and Water Authority (DEWA), headed by Saeed Mohammed Al Tayer, Managing Director & CEO of DEWA, is visiting India to promote opportunities for joint cooperation in the renewable and clean energy sectors. ” The leadership of the UAE and India are committed ... Read More »

World Bank ramps up help for poor to adapt to climate change The World Bank Group plans to invest more of its funds to help developing countries adapt to the impacts of climate change, in an effort to stop extreme weather and rising seas from making poverty worse. In a climate change action plan released late Thursday, the bank said ... Read More »

Five arresting images of climate change that are impossible to ignore The effects of climate change are becoming ever more visible. These compelling photographs capture the consequences of global warming at the peak of their impact. Polar bears pushed to the brink Climate change is the single biggest threat to polar bear survival, according to the International Union for the ... Read More »