Finance

INR 2.0/kWh tariff is a new milestone in Indian solar PV history 

The minimum solar tariffs discovered fell by 131.5% over the last five years, with an 18% drop achieved in the last five months alone.

Solar panel cleaning startup Solavio Labs selected into Canadian accelerator program

The Coimbatore-based startup has designed an autonomous solar panel cleaning bot with a modular design, making it compatible with almost any structure, mounting area, or climatic condition.

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ADB to provide $563-million loan to improve electricity supply in Uttar Pradesh, Meghalaya

Uttar Pradesh will get $430 million to upgrade distribution lines in rural areas and construct a parallel network of 11-kilovolt feeders spanning 17,000 km to separate electricity distribution between residential and agriculture consumers. The $132.8-million loan approved for Meghalaya will be used for the installation and upgradation of substations, distribution lines, etc.

India, Sweden to fund joint R&D in smart grids

India’s Department of Science & Technology and the Swedish Energy Agency have launched a collaborative funding program for Indian and Swedish companies that aim to jointly develop new technologies, services and processes in the area of smart grids. 

India ranked the world’s most attractive solar PV market by Ernst & Young

The nation has earned the highest score of 62.7 in terms of attractiveness for solar PV investment and deployment in the latest ranking of top 40 countries by Ernst & Young.

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Exide Industries increases stake in lithium battery JV with Leclanché

With an additional investment of INR 33.17 crore, Exide Industries’ shareholding in the joint venture company has increased by 2.28% to 80.15% of the paid-up equity share capital.

Prime Minister Narendra Modi to inaugurate RE-Invest 2020 tomorrow

The three-day event will connect the global investment community with Indian renewable energy stakeholders. It is expected to be attended by over 75 international ministerial delegations, over 1000 global industry leaders, and 50,000 delegates.

State-owned investors dump coal for solar and wind

Coal project finance in the year 2019 stood at just INR 1100 crore (US$190 million), compared to renewable energy lending aggregating to INR 22,971 crore (US$3220 million).

Financing distributed solar energy

A new report by Auroville Consulting highlights gaps and challenges existing today in financing rooftop solar based on its evaluation of the international lines of credit’s implementation at the state level (for Tamil Nadu), and the availability and accessibility of the financial support. 

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Cabinet approves INR22600-crore budget for solar module and advanced battery manufacture

An ambitious, INR146,000 crore, five-year expansion of a previous domestic industry spending program includes money to attract investment into the sustainable energy and transport technologies.

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