India’s Ministry of New and Renewable Energy has asked all Indian states to come up with their own state level policy and targets, as part of the country’s efforts to increase its solar power installations. In a written reply to a question in India’s parliament, the minister for power, coal, and renewable energy, Piyush Goyal, stated … [continued]
Shanghai headquartered, Chinese PV developer Solar Power Inc recently announced a partnership with startup Aqua Clean Energy to develop floating PV projects across the US and Mexico. As per the press release, a combined capacity of 50 MW floating PV projects will be built, spread across the states of California, Arizona, Texas, and New … [continued]
Citigroup had recently announced plans to lend, invest, and facilitate deals worth $100 billion by 2025, to support projects that will fight climate change and protect the environment. While this might seem to be a lofty target, the company had previously set a goal of $50 billion for similar initiatives in 2007, and was able … [continued]
The Dubai Electricity and Water Authority has launched a solar rooftop and net metering program as part of a new initiative called “Shams Dubai” which will allow generation of solar energy in buildings and their connection to the grid. Several local newspapers are claiming the initiative to be the first of its kind … [continued]
Bogged down by staggering power supply in India, pharma units and IT companies, among others, are looking at solar power to meet their energy demands. First Solar has envisaged a good opportunity in this segment and is planning to set up dedicated solar power plants for industries and commercial establishments across India, who would … [continued]
The US Solar PV Market had a phenomenal run in 2014. According to data released yesterday by the Solar Energy Industries Association and GTM Research — 6 GW of new capacity was added during the last year, taking the cumulative PV installations tally to 18.3 GW! That’s a growth of 30% over the … [continued]
SunEdison recently announced its acquisition of Solar Grid Storage — a startup deploying combined energy storage and solar PV systems — for an undisclosed amount. It is a little kept secret that with rooftop installations taking off, energy storage is going to be the next big push the solar and wind markets require. This … [continued]
Of late, India has been cutting subsidies while at the same time increasing taxes on fossil fuels so as to transform itself from a carbon subsidy regime to one of carbon taxation. On Saturday, the country moved forward to double the “clean energy cess” it levies on coal used in the country. While … [continued]
President Obama is in India as the state guest for Republic day celebrations here. Needless to say, clean energy is a major focus area in the dialogue between the two countries. To spur the solar sector, and meet its 100 GW solar goal, India is looking for investments to the … [continued]
Bogged down by subsidy dispersal issues, and taking a cue from falling prices in the solar market, Ministry of New and Renewable Energy (MNRE) has decided to limit consumers who can avail subsidy benefits for installation of rooftop solar power plants. The Ministry has also indicated that it might be readying itself … [continued]
