India’s largest automobile manufacturer and part of the famous Tata conglomerate, Tata Motors has joined the RE100 initiative. By joining the RE100 initiative Tata Motors has committed to source 100% of its electricity needs from renewable energy sources — an impressive task, considering at present, the company only acquires around … [continued]
The Indian Railways has finally announced plans to expand its presence in the solar power market with an aim to aid the government’s plan to have 100 GW operational solar power capacity by March 2022. The Ministry of Railways has launched a tender to set up 50 MW rooftop solar … [continued]
A subsidiary of Canada-based SkyPower Global has cemented its biggest solar power win in India. SkyPower Global recently reported that it had signed a power purchase agreement for 200 MW solar power capacity with the state government of Telangana. Last year, Mauritius-based SkyPower Southeast Asia Holdings secured rights to develop … [continued]
SunEdison is expected to continue its selling spree, as it looks to offload equity interest in a landmark solar power project in India. According to media reports, SunEdison is planning to sell its equity stake in a 500 MW solar power project that it secured rights to develop in the … [continued]
Buoyed by the sharp increase in solar power capacity addition in FY2015–2016, the Indian Government has set ambitious capacity addition targets for FY2016–2017 as well. The Ministry of New and Renewable Energy (MNRE) communicated the targets for the coming financial year in the annual union budget proposal tabled in the … [continued]
The Indian Government seems ready to implement the ambitious renewable energy capacity addition targets it announced last year. The Ministry of Finance recently announced a significant increase in the budget allocation for the Ministry of New and Renewable Energy. The Finance Ministry allocated Rs 3,661 crore (US$546 million) to the … [continued]
Broadly along expected lines, India has yet again increased the tax on coal mined or imported in the country. On 29 February, the Indian Finance Minister tabled a budget proposal to double the tax on coal from Rs 200 (~US$3) to Rs 400 (~US$6) per tonne. This was the third … [continued]
The north Indian state of Himachal Pradesh has set an ambitious target to enhance its solar power power infrastructure. The state of Himachal Pradesh is not the most sought-after location to set up solar power projects yet, but the government has set a target to install 700 MW of solar … [continued]
The Middle East and North Africa will be one of the keenly watched emerging solar power markets this year, as a large number of tenders representing huge capacities are expected to be launched by several countries there. According to a report released by the Middle East Solar Industry Association last … [continued]
More banks and financial institutions are expected to launch green bonds soon, and China looks set to emerge as one of the fastest growing markets for rating funds to finance low-carbon and renewable energy projects. According to media reports, the Industrial & Commercial Bank of China (ICBC) will soon launch … [continued]
