Modi government approves Rs 5,000 crore for solar rooftop

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved scaling up of budget from Rs 600 crore to Rs 5,000 crore for implementation of Grid Connected Solar Rooftop systems over a period of five years upto 2019-20 … Continue reading

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MNRE update on Grid Connected Rooftop Power Plants

The notice is regarding Central Financial Assistance (CFA) of MNRE for installation of Grid Connected Rooftop Power Plants. The Ministry implemented a ‘Grid Connected Rooftop and Small Solar Power Plants Programme’ back in June, 2014, in which the solar rooftop … Continue reading

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SunEdison expects good returns from India’s cheapest solar power project

In spite of having secured the rights to develop a 500 MW solar power project at the lowest-ever tariff in India, global renewable energy project developer SunEdison is confident of healthy returns from the project. SunEdison successfully bid for the … Continue reading

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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 … Continue reading

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Solar project allocations under the National Solar Mission: explaining VGF and Bundling schemes

On 10 March 2015, the Ministry of New and Renewable Energy (MNRE) of India released two documents – (1) Policy guidelines for adding 3000MW solar capacity through ‘Bundling mechanism’ under the NSM Phase 2 Batch 2 Tranche 1 and (2) policy … Continue reading

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India releases policy guidelines for developing 15GW of solar capacity by 2019

Highlights According to documents released by MNRE on 9 March 2015, the government plans to add 15000MW of solar capacity through NTPC/NVVN over the next 5 years, under the National Solar Mission. 15000MW aggregate capacity in 5 years will be … Continue reading

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Guidelines for Selection of 3000 MW Grid – Connected Solar PV Power Projects under Batch-II

Ministry of New and Renewable Energy has released the final draft of the draft guidelines for selection of 3000 MW capacity solar projects under the National Solar Mission Phase 2, Batch 2, Tranche 1. Link to the document released on … Continue reading

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DRAFT POLICY GUIDELINES: NSM Phase-II batch-II Tranche-I State Specific Bundling Scheme for 3000MW Solar PV projects

Executive Summary Ministry of New and Renewable Energy has released draft guidelines for selection of 3000 MW capacity solar projects under the National Solar Mission Phase 2, Batch 2, Tranche 1. Link to the notification dated 12 January 2015 is … Continue reading

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Solar to Surpass Targets by 3 times over in India

Technological breakthroughs and economies of scale will make solar power competitive in six years and help India add 67,000 megawatts of solar generation capacity by 2022 – more than thrice the country’s target, according to a report by consultancy firm, … Continue reading

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