The deals will pave the way for four new solar parks that are set to be commissioned towards the end of next year.
The annual report has placed EVs at the heart of India’s decarbonization and called for an Indian answer to the U.S. ‘Motor City’ of Detroit, where electric vehicles and the batteries to run them could be manufactured.
Up to Rs7 lakh of funding assistance per megawatt will be available to developers who deploy PV capacity for consumption by public entities. The energy produced will be supplied with a Rs3.50/kWh ceiling tariff and projects will be subject to strict domestic content requirements.
Long regarded as a solar pioneer, the state has now announced grand plans to shoulder the burden of 17% of the nation’s clean energy ambition as India races to install 175 GW of clean energy capacity in just three-and-a-half years.
The state government will defy a ministerial order not to renegotiate signed deals after leadership of the legislative assembly changed hands in May’s elections. Consultancy Bridge to India says the contracts are legally binding but the move will shake investor confidence nevertheless.
Analysis of the solar pumping programs being rolled out across five states backs claim switching irrigation systems to PV could give the nation a huge leg-up towards its renewable energy ambition.
Central government has thrown down the gauntlet to the nation’s largest motorbike and scooter manufacturers after they resisted a proposal to ban non-electric sales from 2025 onwards.
The state is hoping for 10.7 GW of renewable energy generation capacity by 2022 and rooftop solar is set to play a big role.
The unqualified success of the Aditya solar passenger ferry, which took to the water in 2017, has prompted the water transport body to make plans for a more luxurious form of transport which is due for launch within four months.
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