Four off-grid clean energy projects chosen for India-US joint funding
A total of 168 expressions of interest were received by the Ministry of New and Renewable Energy in the second round of PACEsetter Fund programme. Out of these, projects by the Society for Economic and Social Studies, Customized Energy Solutions India, The Energy & Resources Institute and Raghavendra Suntech Systems were chosen for the award of grants.
The impact of corporate tax rates cut on solar industry
The government’s move to slash corporate tax rates to 22% from 30%—and to 15% for new manufacturing companies—has largely been hailed by the solar industry even as it feels impact will be limited.
Green capital at scale urgently needed for emerging economies: CEEW
Lower-middle and low-income countries, which account for 40% of the world’s population, get less than 15% of energy investment.
Solar-plus-storage can boost investor confidence
A British study has found co-location of solar and storage may accelerate the deployment of profitable merchant renewable energy projects in the United Kingdom. The report predicts installed solar capacity in the U.K. could increase from around 13 GW next year to 19 GW in 2030 and 32 GW in 2040.
India Ratings downgrades solar outlook for FY2019-20
Revision in the outlook to ‘stable’—from ‘positive’—stems from resurfacing renegotiation fears and continued delay in payments from some of the offtakers.
Aligning infrastructure to accelerate Asia’s energy transition – Black & Veatch interview
Integrated power infrastructure offers an emerging investment opportunity in Asia as the region expands and adapts its energy mix to address sustainability and resilience goals. Narsingh Chaudhary and Mitesh Patel, of engineering, procurement and construction business Black & Veatch, tell pv magazine more.
The energy transition is easily affordable but all hope of 1.5C warming will vanish in 2028
Technical consultancy DNV GL has published its Energy Transition Outlook 2019. While the electric vehicle, storage and renewable energy industries are likely to see significant rises in demand, the sobering conclusion is the world will miss carbon reduction targets by a long shot.
Minister advises developers to turn to court to secure clean energy monies owed by electric utilities
The financial failings of India’s electric companies have once again come to the fore as the power minister warned the seven worst offending states the lengthening debts they owe renewables developers could be recovered via the National Company Law Tribunal.
Jammu & Kashmir presents a Rs11,000-crore solar opportunity by 2022: Care Ratings
The state with power deficit of up to 20% provides the opportunity to scale up the solar capacity to 2 GW by 2022, which would require an investment of Rs11,000 crore.
Innolia Energy to invest Rs225 crore in solar module and EV product manufacturing
The U.S. company claims its 300 MW manufacturing plant in Hyderabad will deliver a fully integrated and customizable system solution of solar panels, lithium battery packs and controllers under a single roof.
