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Moody’s: India’s substantial growth in renewable energy capacity will challenge fossil fuel operators Moody’s Investors Service says that the rising share of renewables in India’s generation mix – as the country grows substantially its proportion of renewable energy over the next 5-7 years—creates challenges for conventional power generators. This situation will be exacerbated by the fact that Moody’s expects India ... Read More »

Climate change puts trillions of dollars of financial assets at risk: study Trillions of dollars of non-bank financial assets around the world are vulnerable to the effects of global warming, according to a study on Monday that says tougher action to curb greenhouse gas emissions makes sense for investors. Rising temperatures and the dislocation caused by related droughts, floods and ... Read More »

India’s Adani considering buying SunEdison solar assets -sources India’s Adani Group is considering buying the local assets of solar developer SunEdison Inc, two sources aware of the matter told Reuters on Monday. Adani, which has already held talks with bankers on the issue, did not respond to requests seeking comment. (Reporting by Krishna N. Das) Read More…   India’s Adani ... Read More »

Haryana makes solar plants mandatory for housing societies, industry Haryana has made solar power plants mandatory for housing societies, industries and other specified categories of buildings. “The notification has been issued in this regard to achieve higher trajectory for solar power generation and promote green energy,” principal secretary for renewable energy Ankur Gupta said. Under Haryana’s solar power policy for ... Read More »

china-led infrastructure bank eyes first loans to india India hopes to receive one of the first loans issued by the China-led Asian Infrastructure Investment Bank (AIIB) later this year, as it looks to raise $500 million for solar power projects from the newly created lender, Indian officials said. Funding for clean energy projects would allay fears of environmental lobbyists that ... Read More »

EU, India outline climate and clean energy package The European Union vowed to help India realise its clean energy aspirations at a bilateral summit in Brussels on Wednesday. In a joint declaration, the major economies pledged to cooperate on integrating India’s electricity grid with large solar parks, support the development of smart grids and assist in the planning of its first offshore wind array. ... Read More »

ADB, USAID to assist India in developing clean energy projects sian Development Bank and the US Agency for International Development will assist India in developing the clean energy infrastructure by collaborating on design and development of PPP investment models for solar parks. Asian Development Bank (ADB) and the United States Agency for International Development (USAID) today signed a Memorandum of ... Read More »

India will not achieve 40 GW rooftop solar target with current policies: Report India will not be able to achieve its ambitious target of 40 GW of installed solar rooftop capacity by 2022, if it continues with just the policies and incentives it is currently providing, says a report “Scaling Up Private Investment in Rooftop Solar”, by the Solar Rooftop ... Read More »

MSEDCL proposes power tariff hike, industry alarmed The Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has submitted a fresh proposal before the Maharashtra Electricity Regulatory Commission (MERC) for a marginal tariff hike for its 2.5 crore odd consumers across the state. The move comes despite the fact that a record number of industrial houses have already deserted MSEDCL owing to ... Read More »

India’s big move into solar is already paying off ndia’s massive bet on solar power is paying off far earlier than anticipated. The price of solar power has plummeted in recent months to levels rivaling that of coal, positioning the renewable source as a viable mainstream option in a country where 300 million people live without electricity. Solar prices are ... Read More »