The EIB has also confirmed that it will provide $940 million in financial support for Indian renewable Energy.
The Ministry of New and Renewable Energy (MNRE) has confirmed that renewable energy in Tamil Nadu should have “must run” status and there should not be any more backdowns in solar power.
It is expected that more and more Indian developers will be listed on IPOs in the coming years as an effective means to raise the equity for new power projects.
Secretary of the Ministry for New and Renewable Energy Anand Kumar believes the country can confound doubts about its bold solar ambitions and smash its 175 GW of renewables by 2022 target.
In the last four quarters in India 7.5 GW were installed. The total accumulative capacity reached 16.2 Gigawatt, reports Bridge to India. After rapid growth in the last quarters the market will probably slow down somewhat.
The standing committee on energy, comprising members of the lower and upper assembly of the parliament, and the secretariat, has released a report recommending vital changes to boost India’s National Solar Mission of 100 GW by 2022.
Rapid growth and development in the Global South means making energy accessible to all is a growing challenge. New report identifies three ways to tackle these challenges.
The Indian power ministry has released notice preventing any renegotiation of signed PPAs in the solar PV sector, calculated at a potential $7.5bn worth of solar projects.
In order to meet its 10.5 % renewable purchase obligation by FY 2021-22, the government of the Indian state of Mizoram has adopted a solar power policy that envisages deployment of 80 MW of solar projects in 2017.
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