Power and MNRE Minister, Raj Kumar Singh chairs the 4th Foundation Day celebrations of National Institute of Solar Energy (NISE), Gurugram on October 27
The two organizations will collaborate on areas broadly including grid-connected solar rooftops, energy storage systems, electric vehicles, smart grid initiatives and energy efficiency measures.
The Singapore-based renewable energy developer has agreed to be sold to investment fund Global Infrastructure Partners. China Investment Corp, Canada’s PSP Investments and other co-investors are also involved in the deal, which is the largest yet seen for the renewable energy industry.
The Indian solar market is presently undergoing many challenges, including the GST effects, high module process and decelerating power demand. India’s utility sector is expected to stabilize at a much lower 5-6 GW growth rate per annum for the next two-three years, says Bridge to India.
The Finnish utility has reiterated its commitment for the Indian PV market, after a media article had reported that the company is seeking to sell its solar assets in the country.
Fortum will collaborate with NBCC, India to develop 150 electric vehicle (EV) charging stations in India over the next 18 months, while ABB has bid for the tender to provide 4,500 charging stations across the country.
The latest report by GTM Research puts numbers on the increase in H2 2017 system prices and analyzes the potential damage from a range of scenarios.
According to the latest briefing from Asia Europe Clean Energy Consultants (AECEA), China is likely to install more than 50 GW of PV in 2017, a second consecutive record breaking year for the world’s leading market.
The EIB has also confirmed that it will provide $940 million in financial support for Indian renewable Energy.
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