The company aims to enable 1000 homes and businesses with rooftop plants during the initial launch of this scheme that provides EMI options of 12, 18, 24 and 36 months.
Having extended around two billion euros for clean energy projects, Germany will now support India in improving green urban mobility infrastructure, solutions and services in cities. Furthering its support for clean energy transition, it will also provide concessional loan of 200 million euros for a DISCOM investment facility in India.
Industry body Gogla and the World Bank’s Lighting Global program said the last six months set a record for off-grid solar deployment. Solar home systems and other small off-grid appliances are being used in ever larger numbers.
Abu Dhabi-based renewable energy business Masdar is wholly owned by the emirate’s state-owned Mubadala Investment Company. Established in 2006, it develops utility-scale and off-grid renewable energy projects.
The facility will be developed under the World Bank’s Scaling Solar initiative on a public-private partnership basis in Herat province.
Up to 70% of prospective customers have shied away from owning a rooftop solar system due to lack of readily available information on how to assess various solar options, says Saurabh Marda, co-founder and managing director of Freyr Energy – a Hyderabad-based rooftop solar firm that has completed over 1200 installations in just 5 years since inception in 2014.
Range anxiety continues to be an obstacle to electric vehicle take-up but the nation’s willingness to embrace car-sharing and other workarounds offers plenty of promise to the sector, according a World Economic Forum report.
The disparity between central and state government renewables policies must be resolved and renegotiating signed PPAs is an absolute no-no, according to the solar business’ bosses.
The latest blow in the political battle between clean energy project developers and an anti-renewables state government has seen the electricity regulator order power distribution companies to honor PPAs signed after a public tender.
Continuing delays in payments from utilities, regulatory uncertainty on tariff matters and tight financing have hit the industry hard.
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