SECI to award 750MW solar capacity in Gujarat, Maharshtra

Solar Energy Corporation of India (SECI) director announced that 500MW and 250MW solar capacity will be up for auction in Maharashtra and Gujarat States of India over the coming weeks. The bids are part of the second phase of the … Continue reading

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For solar projects, ReNew Power considering Swiss PE funds

ReNew Power Ventures, a renewable energy developer, is in talks with Switzerland-based private equity (PE) firm Partners Group AG to raise $150-200 million for 400MW of solar power. ReNew Power, in which Goldman Sachs has a majority stake, has close to … Continue reading

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India and the US join hands for promoting energy access

India and the United States of America signed a Memorandum of Understanding (MoU) on Cooperation to Establish the PACESetter Fund – A fund to support the Promoting Energy Access Through Clean Energy (PEACE) track of the US – India Partnership … Continue reading

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Swaminomics article on solar makes little sense

On July 5th, 2015, The Sunday Times of India published at article by Swaminathan S Anklesaria Aiyar, a noted Indian columnist, on solar power. After reading his views on solar power in his ‘Swaminomics’ column, I was disappointed with the … Continue reading

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National Clean Energy Fund crosses Rs 17,000 crore mark

While the National Clean Energy Fund (NCEF) has crossed Rs 17,000 crore, not much has been allocated to the Renewable Energy sector. After raising the coal cess to Rs. 200 per tonne, NCEF has crossed Rs, 17,000 crore mark. “But not … 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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Maharashtra’s Renewable Energy Policy Is Approved

Maharashtra cabinet has approved its composite policy on renewable energy. They have set a target of achieving 14,400 MW of installed capacity in five years and attracting an investment of Rs one lakh crore. “Maharashtra cabinet approved new and renewable … Continue reading

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India to be Among Top 3 Solar Markets by 2017

It is the country’s biggest initiative to make the most of sunny days. Initiated as part of the National Action Plan on Climate Change, the Solar Mission has propelled the country to new heights as far as clean energy is … Continue reading

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SunEdison of US Likely to Cut India’s Biggest Green Power Deal

SunEdison, the largest renewable energy development company in the world by generation capacity, is negotiating with the promoters of Mumbai-based Continuum Wind Energy to buy them out. The move will significantly consolidate its India presence and, if the deal is … Continue reading

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India’s renewable energy mission gets praise from UK-based energy firm

An Indian-origin chief of a UK-based energy firm has said that India’s goal of 175GW of power from renewable energy sources is an achievable target. “The Indian government recently set an ambitious goal of adding 100 Gigawatt of solar capacity … Continue reading

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