News

WFES: ISA signs letters of intent for $5bn financing, MNRE announces $350 million for solar

This week’s World Future Energy Summit (WFES) saw a letter of intent inked at the International Solar Alliance’s (ISA’s) pavilion to secure financing of up to US$5 billion with India’s YES Bank by 2030. MNRE head, R.K. Singh also announced a $350 million solar development fund by the Indian Government for solar projects.

Subsidies alone will not scale-up solar pumps, says CEEW

India’s Council on Energy, Environment, and Water (CEEW), which is actively working with the Indian government to update the country’s solar target, says increasing solar pump installations in India requires more than just subsidies.

MNRE clarifies solar domestic content requirement on back of India-US argument

Clarification on India’s solar domestic content requirement (DCR) under the country’s National Solar Mission has been made by the Ministry of New and Renewable Energy (MNRE), after the U.S. again dragged India to the World Trade Organization (WTO) for non-compliance.

Husk Power Systems receives $20m investment from Shell, Swedfund and ENGIE

To scale up its mini grids business in Asia and Africa, Indian energy startup Husk Power systems has received sizeable financial backing from international investors.

Support grows for India in WTO tiff with US

The European Union as well as Brazil, China and Japan indicate their support for India in the WTO dispute against the U.S. Consensus appears to be that trade retaliatory measures are unjustified. The DSB chair concluded by noting the matter has been referred to arbitration in line.

Maharashtra’s Mahaparivartan to purchase 1 GW of solar power in 2018

The power transmission company of the state is planning to purchase 1 GW of solar power this year.

Summary: Central subsidies for solar PV

The Indian government has introduced a number of subsidies under various categories of solar projects, from big PV parks to small rooftop and off-grid installations, in order to achieve its 100 GW solar target by 2022. The current status of the subsidies are summarized below.

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Azure Power commissions 100 MW NTPC project in Telengana

Azure Power, one of India’s leading independent solar power producers, has commissioned a 100 MW NTPC solar power plant in Telangana.

Maharashtra planning floating solar plant on Irai dam

The Indian state of Maharashtra is considering a floating solar application and is conducting a feasibility study to install solar panels on the Irai dam, located in the Chandrapur region of Maharashtra.

Uttar Pradesh tenders 1,000 MW PV projects

Uttar Pradesh’s UPNEDA has released a 1,000 MW tender for solar PV projects to be installed anywhere in the state. Bid submissions are due on February 2.