PM Modi invites China to be part of solar alliance

Ahead of the crucial Paris climate talks, Prime Minister Narendra Modi on Saturday invited China to join the International Solar Alliance proposed by India. Modi extended the invitation to China during a meeting with his Chinese counterpart Li Keqiang on the sidelines of ASEAN-India Summit.

During the meeting, both sides reviewed the global scenario with regard to climate change. China and India reviewed the preparations for the CoP-21 conference in Paris with Prime Minister Modi briefing Li on the solar alliance initiative and inviting China to join it, an official statement said.

The development comes a day after France said it supports India’s plans to set up an international solar alliance to promote access to low-carbon energy. Prime Minister Modi is slated to launch the initiative at the forthcoming climate meet (COP-21) in Paris from November 30 to December 11.

French Foreign Minister Laurent Fabius said in New Delhi on Friday that India will be a key player at the COP-21, as a solution to dealing with climate change cannot be found without its consensus.

The idea of solar alliance was mooted by Modi during the the India-Africa Forum Summit last month. “I invite you to join an alliance of solar-rich countries that I have proposed to launch in Paris on November 30 at the time of COP-21 meeting. Our goal is to make solar energy an integral part of our life and take it to the most unconnected villages and communities,” Modi had said.

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SolarTown launches zero-down PV lease program for small facilities

SolarTown, a Chennai based firm specializing in the sale, lease and installation of solar photovoltaic (PV) rooftop systems for residential, commercial and industrial customers, announced the installation of solar rooftop systems at an initial ten branches of RBL Bank, one of India’s fastest growing private sector banks, with more than 180 branch locations throughout India.

Each branch of RBL Bank, formerly known as The Ratnakar Bank Limited will feature a minimum 3 kW system which will offset a major part of the business’ energy consumption.

Solar installations with no upfront costs makes these PV systems highly accessible.

RBL Bank entered into a zero-down PV lease program, a 10-year lease agreement with SolarTown. The installations will enable an uninterrupted supply of solar power at a fixed cost over the length of the lease, which also includes maintenance services. SolarTown installed the rooftop PV systems including inverters and batteries, as a backup for brownouts.

“It’s a privilege to provide our solar PV systems to one of the fastest growing commercial banks in India,” said Vikram Dileepan, founder and CEO of SolarTown. “It gives us immense satisfaction to know RBL Bank will generate clean power and also save on electricity costs.”

SolarTown is one of the first to offer a zero-down PV lease program and unique PV purchase options for residential and commercial customers in the 1 kW to 300 kW size in India, ideal for homes and small commercial buildings with monthly usage between 400 kWh and 40,000 kWh, the company emphasizes.

SolarTown’s rooftop PV systems completely eliminate the dependence on diesel-based generators, the hassle of maintaining the systems, and pollution derived from burning diesel fuels. The fixed monthly lease option, lower than DISCOM rates, shields the customer against increasing electricity and diesel prices. SolarTown’s lease option makes solar PV systems highly accessible and empowers customers to take control of their power generation without straining their bottom line.


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French Foreign Minister to visit India, COP21

The French Foreign Minister Laurent Fabius will be visiting India to discuss on the international solar alliance proposed by India, apart from holding deliberations on the preparations ahead of the Paris climate summit (COP21).
Fabius will be accompanied by Laurence Tubiana, the ambassador for climate change negotiations and special representative for Conference of Parties (COP21). “Laurent Fabius will be here in India on 20th of November 2015. This visit is being undertaken in his capacity of incoming chair of the Paris climate change conference,” a French Embassy statement said. The trip to India, the statement added, constitutes the first leg of the French Minister’s tour for holding a series of consultations in South Africa, Brazil and Canada to prepare for the COP21 meet.

“Fabius, during his visit, will meet Indian authorities regarding the preparations for COP21. He will also discuss the joint launch by President Francois Hollande and Prime Minister Narendra Modi of the International Solar Alliance proposed by India,” the statement said.

Fabius will also address a joint press conference with Environment Minister Prakash Javadekar tomorrow.

French Embassy officials said that an “effective and equitable” international agreement at the COP21 to the United Nations Framework Convention on Climate Change (UNFCCC) will be critical for reducing greenhouse gas emissions to limit global temperature rise to 2 degrees Celsius and for supporting adaptation to climate change impacts.

France, as the host and chair of COP21, is committed to the role of an impartial facilitator for forging an ambitious agreement, they said.

The CoP 21 is scheduled to take place in Paris from November 30 to December 11. Prime Minister Narendra Modi along with more than 80 heads of states will take part in the crucial summit.

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Wind turbine maker Gamesa to enter Indian Solar market

The Spanish wind turbine maker Gamesa announced the commissioning of its first solar project in India. Gamesa India has commissioned a 9 MW turnkey solar power project near Madurai in Tamil Nadu.

Gamesa is delighted with the successful commissioning of their first ever solar project in India and are humbled that they got the opportunity to start this journey from Tamil Nadu.

In July 2015 that Gamesa, a leading wind turbine player with a market share of 25 percent, announced its strategic entry into the solar market offering engineering, procurement and construction (EPC) solutions for MW scale solar projects besides expanding its inverter solutions.

Gamesa exited the solar power business in 2004.

Gamesa’s 2015-2017 business plan contemplates analysis of businesses that complement its traditional business, such as solar power and offgrid, with the idea of exploring these synergistic markets in order to add value from 2018.

As to the synergies between wind and solar projects in India, Gamesa has the project management experience in setting up wind power projects and it would be replicated in the solar power business.

Gamesa makes the inverters that are used in wind turbines and the same would be used in solar power projects.

According to K.V. Sajay, executive vice president-solar business unit, the commissioning of the solar power project in Tamil Nadu has given the company the much needed confidence to emerge as a strong player in the solar power market.

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PM Modi pushes Solar during G20 summit

Indian Prime Minister Narendra Modi used the occasion of Sunday’s G20 summit in Antalya, Turkey, to nudge member states to back his Global Solar Alliance – a newly formed organization of the world’s sun-rich nations that Modi believes can transform their energy infrastructures to ones rooted in solar power.

In previous outings of Modi’s Alliance plan, the PM has insisted that investments of $100 billion annually are required globally in order for the Alliance to successfully pursue its aims, and he told attendees at the G20 summit that the world must ensure “finance and technology is available to meet the universal global aspiration for clean energy”.

“We must meet the target of $100 billion goal per year by 2020,” he added. The G20 Summit arrived just weeks before the Conference of Parties (COP21) UN climate change conference in Paris, at which India will formalize its clean energy goals, which include the addition of 100 GW of solar PV capacity by 2022 as part of its National Solar Mission (NSM).

Modi has also created a $3 billion National Clean Energy Fund that will promote clean energy research and technologies. This project forms part of India’s Intended Nationally Determined Contributions (INDCs) that will be pledged in Paris. For India, this represents a commitment to lower carbon emissions by 33-35% between now and 2030.

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Lightsource to be a source of power in India

Lightsource Renewable Energy, one of the U.K.’s leading developers of solar power projects, has today signed a landmark £2 billion ($3 billion) deal to develop 3 GW of solar PV projects in India over the next five years.

The agreement was signed yesterday during the visit of Indian Prime Minister Narendra Modi to the U.K., during which some £10 billion ($15.2 billion) in trade deals was signed between the two nations.

The Solar Trade Association (STA) – of which Lightsource is a member – said that the deal is a timely reminder to the U.K. government of the “booming international opportunities” available provided a strong domestic solar industry is nurtured and retained.

The government’s Department of Energy and Climate Change (DECC) recently made the decision to slash solar subsidies via the FIT by as much as 87%, having earlier brought forward the closure of the Renewable Obligation (RO) scheme for larger-scale solar farms.

These cuts are expected to lead to the loss of around 27,000 jobs within the solar industry over the next few years, the STA argues. Lightsource, meanwhile, has calculated that this deal with the Indian government will generate around 300 jobs in the U.K. alone, bringing in some £42 million in revenue.

More Here…

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Indian Railways with yet another Solar project

indian railways solar project

A 15 kW wind and solar hybrid project is being established at Birur station

Indian Railways has put a plan in motion to start renewable energy project in the Mysore Division, Karnataka. Indian Railways is tapping solar energy resources to reduce its dependence on conventional forms of energy dependent on coal and water.

A 15 kW capacity solar and wind hybrid project is being established at Birur station at an estimated cost of Rs. 37.34 lakh. This is Indian Railway’s drive to meet a portion of its energy usage from renewable energy sources like solar, wind and biomass. Incidentally, the Railways is among the single largest entities consuming nearly 2 per cent of the country’s total power generated to meet its operational requirements.

The work order for the Birur solar power plant has already been issued and it is likely to be completed in three months. The unit at Birur would generate nearly 20,000 units of electricity a year, against the annual requirement of nearly 1.2 lakh units of that station, and hence the savings would be considerable. In addition to Birur, a proposal has been submitted for establishing a similar solar and wind hybrid unit to meet the power requirements of Chitradurga railway station.

The power generated will light the station building, platforms, unreserved ticketing system and passenger reservation system centres, apart from the waiting halls. This will help reduce dependence on the Electricity Board grid. It will also ensure uninterrupted power supply to the station.

Renewable energy is also being tapped to power the level-crossing (LC) gates, and there are 14 such gates operational in the Mysore Division. There are plans afoot to power 64 LC gates in the division using solar energy by the end of the current financial year.

The potential of solar and wind energy is reckoned to be high in most parts of India.

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Coal India to invest in 1000MW Solar power projects

Coal India is planning to sign a pact with SECI to invest Rs. 6,000 crore to develop 1,000 MW of solar power projects over the next five to six years.
As a first step, Coal India has prepared a detailed project report for setting up 200 MW of solar generation capacity.
The coal producer is also looking at setting up floating solar panels on water bodies that are formed when a mine is closed down. 1 MW of solar capacities on such water bodies will cost around Rs 4-5 crore and will require close to five acres of water surface. Coal India has numerous water bodies under its command areas intends to use them for setting up floating solar panels.
The company will fund 70% of the project cost through Bank loans and the rest will be through internal resources. This will be the first time in several years that Coal India will be raising debt from the market. The World Bank had sanctioned a $1-billion loan for Coal India in the 1990s which has long been paid back.
Coal India Ltd ended at Rs. 341.65, up by Rs. 4.35 or 1.29% from its previous closing of Rs. 337.3 on the BSE.
The scrip opened at Rs. 338 and touched a high and low of Rs. 344.7 and Rs. 333 respectively. A total of 4072917(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 215798.44 crore.
The BSE group ‘A’ stock of face value Rs. 10 touched a 52 week high of Rs. 447.25 on 05-Aug-2015 and a 52 week low of Rs. 300.75 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 344.7 and Rs. 316.95 respectively.
The promoters holding in the company stood at 79.65 % while Institutions and Non-Institutions held 17.48 % and 2.87 % respectively.
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Modi to lead Indian delegation for COP21

Chandigarh Administration’s ‘model solar city project’ has been selected as India’s solar theme at the 21st meeting of the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change.

The Sustainable Innovation Forum (SIF15) is the largest business focused event held during the annual Conference of Parties (COP), taking place this year on 7- 8 December at COP21 at Stade de France in Paris.

Building on year-round work from Climate Action and the UN Environment Programme, the 2 day Forum will convene cross-sector participants from business, Government, finance, UN, NGO and civil society to create an unparalleled opportunity to bolster business innovation and bring scale to the emerging green economy.

PM will be leading the Indian delegation with the Chandigarh Administration’s ‘model solar city project’ as India’s solar theme at the 21st meeting of the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change. Confirming the development, Santosh Kumar, Director, Science and Technology Department, and CEO, CREST, said along with Chandigarh, seven states have been selected for the COP21 for different themes. He said at the COP21, a film prepared by the Chandigarh Administration on solar-city would also be screened. In a report by Ministry of New and Renewable Energy (MNRE), the Chandigarh Administration stands first in the installation of solar rooftop projects under the government category. Chandigarh ranks third in the overall list, which also includes private and government-sanctioned projects. As per the list released by the ministry, the UT stands first in the installation of rooftop SPV plants of 4.6 million watt peak (mWp) under projects sanctioned by the MNRE. Under this category, Tamil Nadu stands second with 4.40 mWp followed by Andhra Pradesh with 2.37 mWp. 

  • The 21st meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21) will be held in Paris from November 30 to December 11.
  • Representatives of 196 countries, scientists, businessmen and members of NGOs taking part in it.
  • Prime Minister Narendra Modi will lead India’s delegation to the UN’s climate change summit.
  • Along with Chandigarh, seven states have been selected for the COP21 for different themes.
  • 750+ attendees – the largest number of global stakeholders at any commercially-inclusive side event at COP21
  • Over 80 world class speakers including country Ministers, industry CEOs and international thought leaders
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500MW of NSM bids closed by SunEdison at 4.63Rs/kWh

SunEdison, a U.S. based company, won the NSM bids to sell solar power in India at a record low tariff of Rs 4.63/kWh. This would boost the renewable sources of energy at a time when Prime Minister Narendra Modi is pushing for clean energy to combat climate change.

Solar energy still has a long way to go, but solar is achieving grid parity with other major sources of power generation in India. Coal is still the major source of power and is still moving forward with consistent supply and transmission, but falling rates in renewable sector could unlock more government support for solar and wind energy.

The Modi government expects  to build a clean energy business worth $160 billion in India in the next five years, and established U.S. companies like SunEdison and First Solar Inc are likely to be the biggest beneficiaries.

SunEdison won the auction for a 500MW project in the southern state of Andhra Pradesh, bidding to supply power at 4.63 rupees ($0.0706) per kilowatt-hour, achieved during reverse e-auction conducted by NTPC.

The previous lowest solar tariff in India was about Rs 5.05 per kilowatt-hour for Canadian company SkyPower’s project in Madhya Pradesh state in central India. Coal power in India costs anywhere between 1.5 rupees to 5 rupees.

Cheap loans are being offered by the Indian government to set up solar projects and help to provide land to companies is being given in order to meet its ambitious target of 175 gigawatts of renewable energy generation by 2020. Solar energy is targeted to leap five-fold to 100 gigawatts.

The country is relying on renewables to fight climate change rather than committing to emission cuts like China, arguing that any target could hinder economic growth vital to lifting millions of its people out of poverty.

Deep-pocketed investors like Japan’s Softbank and Foxconn have already pledged to invest about $20 billion in solar projects in India.

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