SUBSCRIBE NEWS LETTER

UPPCL Issues Notice to Six Companies for Delaying the Installation of Solar Plant

UP Power Corporation Limited (UPPCL) has issued the ‘Procure Preliminary Default’ notice to six companies, seeking cancellation of their agreement with the New Energy Development Authority (NEDA). The Uttar Pradesh government has issued notice to six private companies, including Adani Green Energy, for delay in setting up solar power plants in UP. The decision was […]

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Solar Power to Get Cheaper than Electricity Grid for Residential Sector in Next Two Years

solar energy in India has already reached ‘grid parity’ in commercial, industrial and utility sectors, and soon solar power would be achieved in residential sector as well. In the next two years, solar power will be cheaper than the electricity grid in the residential sector, says solar energy provider SunSource Energy which has successfully implemented […]

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Buy Abroad Diktat Doesn’t Worry India’s Solar Sector

India has to make suitable policy changes to protect its fledgling solar manufacturing sector from foreign competition. India has to make suitable policy changes by December this year to remove measures it had undertaken to protect its fledgling solar manufacturing sector from foreign competition, according to a recent notice issued by the Dispute Settlement Body […]

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Jakson Group to Set Up New Manufacturing Solar Power Plant in Guajart

Jakson Group will invest Rs 700 Crore in a new production plant for solar power modules in Gujarat that will have a capacity of 1,000 MW of solar modules and 250 MW of solar cells in three years. At a time when most domestic solar manufacturers are struggling with idle capacity in the face of […]

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Finland’s Taaleri Mulling to Acquire Solar Power Projects in India

Taaleri is actively looking for acquiring solar power projects in India. The wealth management and financing company will utilize its Solar Wind fund to invest internationally in renewable energy India’s solar low-tariff is marking a significant global approach as more international companies are eyeing towards India’s solar market. Now a Finland wealth management and financing […]

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Australia Becomes 35th Nation to Joins International Solar Alliance

Total 6 countries had ratified the International Solar Alliance agreement, and once 15 countries ratify it, the agreement will become a legal entity. Australia has become the 35th nation to join. Australia has become the 35th nation to join the International Solar Alliance, an initiative launched by India’s Prime Minister Narendra Modi in November 2015 […]

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Centre to Notify Guidelines for Renewable Power Procurement

Until the guidelines are drafted, the till then projects will be set up under existing provisions of the Electricity Act, 2003 under section 62 wherein the State Regulatory Commission is to be approached for fixation of tariff. The Union Ministry of New and Renewable Energy has clarified that a guideline for procurement of renewable power […]

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ReNew to Acquire Orange’s Portfolio in $950 Million Deal to Bulk Up Before IPO

ReNew power is in in active discussions with Orange Renewable to acquire its portfolio of a little over 600 MW of predominantly wind and a smattering of solar assets for Rs 6175 crore ($950 million) of enterprise valuation, and has already submitted a non binding offer and is conducting diligence. Sumant Sinha led ReNew Power […]

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