SECI amends 2 GW solar tender for state-run power generators
Micro and mini grid-connected projects will also be considered. Further, SECI has notified waiver of ISTS charges and losses and 6-month extension in the commissioning date.
Frontline to set up 100 MW solar plant in Himachal Pradesh
The pact with the diversified business group comes close on the heels of Renew Power’s proposal for 200 MW power projects in the state.
Li-ion battery manufacturing cluster coming up at Gujarat’s Dholera, Tata first to invest
The Dholera Special Investment Region—known for the upcoming 5 GW solar park—has secured the first Lithium battery investment from Tata Chemicals, which has committed Rs 4000 crore to set up 10 GW capacity.
Singaporean Sembcorp will invest Rs 5169 million in India arm to push renewables growth
After Singapore, India is the second largest revenue generator for the integrated energy player. In year 2018, it earned overall revenues of S$11,634 million (Rs 587 billion), of which S$1685 million (Rs 85 billion) came from power business of Sembcorp Energy India Limited.
EDEN Renewables seals power supply agreements for 716 MW of new solar capacity
The deals will pave the way for four new solar parks that are set to be commissioned towards the end of next year.
Has solar lost its sheen for India’s EV push?
While India’s recent union budget announced steps to create an electric vehicle market, the solar sector still has issues that have not been addressed.
Energy storage and EVs clear winners in union budget 2019: IESA
The new budget aims to seize the opportunity in energy storage and EVs through a range of incentives. However, alongside demand, production and export, the government also needs to focus on e-waste management and Li-ion battery recycling to sustain raw material supply and minimize environmental impact.
Economic Survey calls for $330 billion investment in renewables
The annual report has placed EVs at the heart of India’s decarbonization and called for an Indian answer to the U.S. ‘Motor City’ of Detroit, where electric vehicles and the batteries to run them could be manufactured.
Budget 2019: GST on EVs reduced to 5%, tax incentives on loan
To boost electric vehicle adoption in the country, the government has reduced goods and services tax on electric vehicles to 5% from 12%. Further, it will provide additional income tax deduction of Rs 1.5 lakh on interest paid on loans taken to purchase electric vehicles.
PPA revisit in Andhra Pradesh will impact solar investment: India Ratings
The high-level committee formed by Andhra Pradesh government to review and renegotiate the signed power purchase agreements with wind and solar power developers has the potential to impair the cash flows of projects in the sector.
