Kerala extends off-grid solar incentive for two years
The order enabling payment of a rupee for every kilowatt-hour generated by off-grid PV systems has been extended until October 2021 because of anticipated delays in the state electricity board hitting its renewable purchase obligation.
Transmission charges waiver for renewables extended for second time
Developers will be spared interstate transmission system charges if their projects are secured through public capacity auctions held to enable electricity distribution companies to achieve their renewable purchase obligations, and provided the facilities are commissioned before 2023.
AIIB expects $100 million annual investment in India’s renewables sector
The Beijing-headquartered Asian Infrastructure Investment Bank—which recently approved a US$75 million loan to Tata Cleantech Capital—sees private-sector investment flowing into the nation’s solar and wind projects next month onwards.
Andhra Pradesh proposal casts doubt on India’s renewable sector: Rystad Energy
India may fall around 7 GW short of its ‘60 GW by 2022’ utility-scale solar target if the power purchase agreement revision proposal by the state government is implemented.
Solar Village Project aims to raise $15,000 for 3 schools through crowdfunding
The US-based non-profit organization will use the amount to install solar panels in three schools of Maharashtra and also fund 300 solar lights for the students. Its partner in these projects, Think Sharp Foundation, will also use the power generated for digital learning tools and libraries.
Abu Dhabi’s Masdar invests $150 milion in Hero Future Energies
The clean tech company will use the amount to fund its expansion as it plans to reach 5 GW of solar capacity in the next two or three years.
U GRO Capital, Sunvest Capital to co-lend Rs 200 million to MSMEs for rooftop solar
The partnership will leverage the market intelligence of Sunvest and the tech-driven platform of U GRO in lending to MSMEs for rooftop solar.
Goa to replace traditional clay tiles with solar ones
State energy minister Nilesh Cabral says householders will be offered the chance to reduce energy bills without any upfront cost by leasing roofspace to installers as part of plans to add 15 MW of solar capacity in Goa by March.
Azure Power to raise US $75 million equity from Canadian investor CDPQ
The investment will increase Caisse de dépôt et placement du Québec’s equity stake in the NYSE-listed solar developer to 49.4% from current 41.4%.
Uttar Pradesh to tap state water bodies for solar power
Jal Shakti minister Mahendra Singh wants to achieve a win-win by wiping out his department’s Rs3,000 crore electricity bill and selling clean energy to the Ministry of Power. His solution involves ambitious plans for floating PV in Uttar Pradesh.
