Modi – Coal & Solar power will join hands

The Indian Prime Minister, Mr. Narendra Modi has ordered India’s oldest Coal Power plants to make solar farms more competitive by bundling electricity from both technologies for sale to the grid. The decision dated July 17 requires NTPC to sell the … Continue reading

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Japan’s Foreign Aid Arm Plans to Fund Solar Parks in India

Japan’s foreign aid arm Japan International Cooperation Agency (JICA) plans to fund solar power parks in the country, giving a fillip to India’s green energy plan. Initially, JICA may invest $500 million in the proposed solar parks. Other institutions such … Continue reading

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IREDA Gets Miniratna Status

Indian Renewable Energy Development Agency Limited (IREDA) was awarded the Miniratna (Cateogry -1) status by the Department of Public Enterprises under the Union Ministry of Heavy Industry and Public Enterprises on 2 June 2015. Grant of status allows IREDA to … Continue reading

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Essel Group to setup 5GW Solar Parks in Rajasthan

Essel Group has entered into an agreement with the Rajasthan government to set up solar parks in Rajasthan, of combined capacity of 5 GW. The investment in this project is expected to be around Rs. 4000 crores. Essel Group and … Continue reading

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NTPC To Issue Green Bonds Worth $500 Million

NTPC Limited (formerly National Thermal Power Corporation) is planning to raise $500 million by issuing green bonds. The company will also raise an additional $500 million through conventional rupee-denominated bonds. The funds raised through these bond issues, certainly the green … Continue reading

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US Federal Agencies To Pump $4 Billion For Indian Solar Market

US president Barack Obama channelized the investment close to $4 billion for solar energy projects in India. Investment will be made by various federal agencies. During ‘US-India Business Summit’ US committed to boost investment in solar energy projects. The three … Continue reading

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US based Convalt Energy To Put 1000MW Solar Plant In Karnataka

Convalt Energy, a US based company founded in 2010, will be going ahead with 1000MW solar plant with pumped-storage hydro unit. The company is promoted by Indian American Hari Achutan. The company during vibrant Gujarat summit signed a memorandum of … 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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Oil India Commissioned 5MW Solar Power Plant In Rajasthan

Oil India recently installed and commissioned 5MW grid connected solar power plant at Raghwa Village, Rajasthan. It was inaugurated on 21 Dec 2014 by Shri S.K. Srivastava (CMD, Oil India Limited). The project was completed in the record time of … Continue reading

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Advance Energy Seems To Depart From Inverter Business

Advanced Energy due there declining revenues and rising losses is considering to exit from Inverter business completely. After the last years acquisition of Refusol, Advanced Energy(AE) was supposedly being considered as the top emerging manufacturer in the solar energy sector. … Continue reading

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