Finance

Will solar power be a Goa in India’s smallest state?

Subsidies from central and state bodies will help photovoltaics get within reach of similarly sponsored conventional electricity, which begs the question, why not remove subsidies for both?

India a $50 billion market for energy storage: AES

Given its ambitious goal of 175 GW renewable power by 2022 and push for electric mobility, the country presents a potential investment opportunity of $50 billion in battery storage facilities.

Government fund to safeguard payments for PV developers

The payment security fund administered by SECI will ensure late payments by debt-laden discoms will not affect solar developers. The government is considering a levy on PV projects to help maintain the fund.

Azure to set up 1 GW solar capacity across Uttar Pradesh

The project is one among 300 odd projects worth Rs 65,000 crore including solar parks to be launched during a ground breaking ceremony in Kanpur later this month.

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Lobby group demands expansion of net metering in Uttar Pradesh

The National Solar Energy Federation Of India says the recent decision to exclude commercial and industrial premises, as well as public buildings, from self consumption remuneration unfairly penalizes businesses and public bodies which have gone down the solar path.

Exim Bank to finance 27 solar projects in 15 nations

The solar projects, mainly located in Africa and South America, are identified by International Solar Alliance (ISA). These will include on-grid as well as off-grid projects like rooftop solar and irrigation pumps powered by solar panels.

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The long read: PV’s Polish cold turkey

Considering the remarkable advances made by the solar sector since the Rio ‘Earth Summit’ of 1992, PV was notable by its absence at the Convention of Parties climate change summit held by the UN in Poland.

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Thai solar imports soared more than 2,700% in nine months

From April to November, Indian imports of solar cells and modules from Singapore – worth Rs489 crore, Vietnam (Rs263 crore) and Thailand (Rs155 crore) recorded whopping annual growth rates of 242%, 440% and 2,711%, respectively.

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12 GW ‘new solar’ proposal: Industry reaction

“While there are ample solar PV module manufacturers in India to meet the government demands, the proposal would provide impetus to existing and new players to venture into cell production”—according to Sunil Rathi, director, Waaree Energies.

Government prioritizes Indian products in plan for 12 GW of new solar

The Cabinet Committee on Economic Affairs has approved a plan for projects to be enabled by public bodies in the hope that avoiding competitive procurement will enable it to circumvent WTO rules related to import parity.

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