With the Indian government’s plan to mandate use of domestically manufactured solar power equipment, Indian companies are now planning long-term investments in the manufacturing sector. Rolta Power is looking to partner with a Chinese technology provider to set up a solar cell manufacturing facility. The initial capacity of the facility … [continued]
India has managed to generate $2.85 billion in revenue from clean energy cess (taxes) it had introduced in 2010, essentially a coal tax. India’s plans to significantly boost renewable energy infrastructure over the next few years has got a shot in the arm as the government recently announced that it … [continued]
Taking inspiration from Gujarat’s Charanka Solar Park, during the 2014–15 financial budget, India’s Finance Minister had amongst other things announced a fund of Rs5 billion ($80 million) in order to promote Ultra Mega Solar Power Projects (UMSPP) across states with good solar potential. Accordingly, the Ministry of New and Renewable Energy (MNRE) had prepared a draft scheme for … [continued]
Global funds for India’s aggressive plan to install “ultra mega solar power plants” have begun to flow with the World Bank ready to support a 750 MW power plant, which is likely to become the largest solar power plant in the world. The project would require a total investment of about … [continued]
Renewable energy companies in India are looking to take full advantage of the improved investment and regulatory environment and are planning significant expansion in operations. India’s largest and the world’s fifth-largest wind turbine maker, Suzlon Energy, has announced plans to enter the solar power sector and install several power projects … [continued]
Switzerland-based Meyer Burger is looking to tap opportunities in solar energy worth billions of dollars in India. The company is a solutions provider to manufacturers of solar cells and solar photovoltaic modules. Meyer Burger hopes to capture business opportunities that would emerge from the planned addition of thousands of gigawatts … [continued]
India’s largest power producer, NTPC Limited, plans to invest heavily in solar power plants, including a new project in Uttar Pradesh.
India is planning to attract $100 billion of investment in its renewable energy sector over the next five years. Japan’s Softbank could make a significant contribution towards the achievement of that goal. The state of Andhra Pradesh in India may attract investment worth billions of dollars from Softbank to fund … [continued]
Though solar power installation has slowed a bit this year, the country’s overall capacity has crossed the 3 GW mark, and will continue to grow.
State governments across India are implementing highly ambitious plans to rapidly expand solar power generation capacity. While a few are roping in private sector companies, most are opting for large government-owned companies with proven track records in the power sector. Odisha, a southeastern state in India, has asked the country’s … [continued]
