Project developers in south Asia can secure cash from IRENA funding pot
The Climate Investment Platform launched by three multilateral bodies in September is now open for business and renewables companies in developing nations across 14 regions including south Asia could qualify for help with clean energy facilities, renewables-related grid improvements and energy efficiency schemes.
Ministry explores alternatives to bank guarantees for solar projects
Lobby group the National Solar Energy Federation of India has welcomed the move and asked the Ministry of New and Renewable Energy to extend any such measures to existing contracts to help developers meet working capital requirements.
DGTR initiates review of safeguard duty on solar cells and modules
An application seeking continued imposition of the safeguard duty for a further period of four years was filed by Mundra Solar PV, Jupiter Solar Power and Jupiter International, through the Indian Solar Manufacturers Association (ISMA).
Optimistic solar outlook dimmed by COVID-19 – Bridge To India
Developers are also expected to drag their heels over project completion during the first half of the year as the safeguarding duty applied to imported Chinese and Malaysian solar products is due to expire at the end of July.
India Ratings maintains stable outlook on solar sector for FY2020-21
Contracted revenue, minimal volume risk and moderate-to-strong counterparties mitigate cash flow concerns in solar assets.
Investment opportunities in India’s solar sector
India, with 750 GW of solar potential, has also one of the highest transmission and distribution losses in the world. So, while there is immense scope in PV deployment, there is a need for greater investment in grid related projects also to help the country best utilise its renewable energy potential, says the latest report by SolarPower Europe and National Solar Energy Federation of India (NSEFI) which also makes recommendations to help accelerate investments in the solar sector.
Rooftop solar leader Gujarat gets maximum central financial support for RE generation
With Rs 118.27 crore in the current financial till February 10, Gujarat is way ahead among all states and union territories in getting the central financial support for new and renewable energy generation.
Uttar Pradesh will become the hub of solar energy, says State’s energy minister
15 GW of utility scale and 8.5 GW grid-connected rooftop solar by year 2030 is the new target set for the state which is currently chasing year 2022 target of 6.4 GW and 4.3 GW, respectively.
Gujarat to provide Rs 912 crore subsidy for rooftop solar this fiscal
The state budget for 2020-21 has also allocated Rs 125 crore under Pradhan Mantri KUSUM Yojana to solarize 18,500 grid-connected pumps and for standalone offgrid solar power agriculture pumps.
Environment ministry releases draft version of battery waste management rules
Establishment of an R&D cell for battery recycling and online tracking of the collection and re-processing of used batteries are highlights of the draft rules which seek to ensure safe disposal and organized recycling of batteries at the end of their life.
