The Ministry of Finance in India recently revealed that it has allocated Rs 12,430 crore ($1.8 billion) from the National Clean Energy Fund to the Ministry of New & Renewable Energy.
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]
As competition among renewable energy project developers in India continues to increase the Indian Government is planning to step up investment in the sector to keep the momentum going. The Indian Minister for Power, Coal, and Renewable Energy, Piyush Goyal, recently announced that his government will soon float an equity … [continued]
Originally published on Solar Love State-owned companies in India are looking to participate in the aggressive renewable energy investment drive currently being led by the private sector companies. India’s publicly-owned lignite mining and power generation company Neyveli Lignite Corporation (NLC) has announced plan to set up 4,000 MW of solar … [continued]
Looking to extend the success of a pilot project that saw the roofs of trains covered with solar power systems, the Indian Government is planning to financially support a similar but larger plan. The Government may provide subsidies to Indian Railways to set up solar power systems atop 500 trains. The systems … [continued]
Originally published on Solar Love. As per the guidelines issued by the Indian government, public sector companies are implementing plans to set up large-scale solar power projects. According to a recent announcement, publicly-owned lignite mining and power generation company Neyveli Lignite Corporation (NLC) plans to set up 600 MW of solar … [continued]
An increasing number of international financial institutions are now looking to partner with India to help it realise the ambitious renewable energy capacity additions targets the government has set for the next five to seven years. The International Finance Corporation (IFC) has announced that it has entered into an agreement with … [continued]
The Indian government announced monetary support for renewable energy expansion and adaptation to climate change in the financial budget announcement for fiscal year 2015-16. India’s Finance Minister Arun Jaitley announced the government’s decision to increase the renewable energy capacity addition target for 2022. India now aims to have an installed … [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]
