Cabinet approves scheme for installing rooftop solar in ten million households
The residential rooftop solar scheme provides a central financial assistance (CFA) of 60% of the system cost for 2 kW systems and 40% of the additional system cost for systems between 2 to 3 kW capacity. The CFA will be capped at 3 kW. At current benchmark prices, this will mean INR 30,000 subsidy for 1 kW system, INR 60,000 for 2 kW systems, and INR 78,000 for 3 kW systems or higher.
Perovskite: The next breakthrough in solar panel technology for India
Perovskite technology, with its potential for large-scale deployment and local production, presents a compelling pathway towards a more secure and sustainable energy future.
Indonesian government abolishes net metering
The Indonesian government has ended net metering for rooftop solar installations. The Jakarta-based Institute for Essential Services Reform says this could make it harder for the country to meet its solar deployment targets, as PV installations will become more expensive for households and small businesses.
NTPC Green Energy, MAHAGENCO join hands to develop renewable energy parks in Maharashtra
NTPC Green Energy Ltd and Maharashtra State Power Generation Co. Ltd have agreed to form a joint venture for the development of gigawatt-scale renewable energy parks in Maharashtra.
SJVN commission 100 MW Raghanesda solar power project in Gujarat
The 100 MW solar project will supply electricity to Gujarat Urja Vikas Nigam Ltd (GUVNL) under a 25-year power purchase agreement.
SECI launches 1.2 GW wind-solar hybrid tender
The Solar Energy Corp. of India (SECI) has invited bids to build 1.2 GW of wind-solar hybrid power projects on a build-own-operate basis anywhere in India. The projects must connect to the interstate transmission grid. Bidding closes on March 29.
Saatvik Solar commissions ‘Asia’s largest’ single-rooftop solar project
Saatvik Solar has installed a 12 MW rooftop solar plant at Jindal Steel and Power Ltd’s plate mill based in Angul, Odisha. The plant uses Saatvik mono PERC 545 Wp solar modules.
Polycab unveils three-phase inverters for residential, commercial rooftop solar projects
Polycab has unveiled three-phase inverters for residential and commercial rooftop solar PV projects. The inverters have a nominal power rating ranging from 5 kW to 30 kW and a maximum efficiency of 98.4%.
NTPC tenders EPC work for 26 MW floating solar plant
NTPC has invited bids to set up a 26 MW floating solar PV project at a reservoir of NTPC Sipat Super Thermal Power Station in Chhattisgarh. Bidding closes on March 28.
Fitch assigns Adani Green’s proposed USD notes ‘BBB- (EXP)’ rating with Stable outlook
Fitch Ratings has assigned Adani Green Energy Ltd Restricted Group 1’s proposed $409 million senior secured notes due 2042 an expected rating of ‘BBB-(EXP)’ with a stable outlook.
