Finance

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.

4

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.

1

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.

1

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.

NTPC eyes 1 GW solar projects in Africa

The state-owned power generator will follow the bidding route for development of solar projects in African countries that are members of the International Solar Alliance.

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14 MW solar+42 MW storage project for Jammu & Kashmir approved with VGF support

The president of India has sanctioned setting up of 14 MW grid-connected solar PV projects with aggregate battery storage capacity of 42 MWh for Jammu & Kashmir under Prime Minister Development Package (PMDP)-2015 . The projects would be set up during 2019-20 and 2020-21, and include 7 MW solar projects with battery storage of 21 MWh each in Leh and Kargil at different locations. These would be implemented in developer mode, at a fixed tariff of Rs 2 per unit, with viability gap funding support.

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Budget 2019: Just 1 per cent hike in solar sector

The interim budget has provided Rs 3,004.90 crore for solar projects development (including both grid-interactive and off-grid and decentralized) in financial year 2019-20, which is just 1 per cent increase over the estimated expenditure of Rs 2,969 crore this fiscal, according to reports.

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