India Expects To Add Almost 10 GW of Solar Power Capacity in 2017

Mercom Capital Group expects over 9,000 megawatts of utility-scale and almost 800 megawatts of rooftop solar power capacity to be added in 2017. The Indian solar power market is expected to see another record capacity addition this year as several large-scale power projects are lined up for commissioning. According to India-based consultancy Mercom Capital Group, […]

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Karnataka Solar Energy Policy

Karnataka Solar Energy Policy Updates 2017 The solar installation target has been changed from 2,000 MW to 6,000 MW by March 2021 as per the amendments to Karnataka Solar Policy 2014-2021 were announced. The changes were made to reflect the new tariff policy and targets fixed for the state by the MNRE. The current installed […]

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Vikram Solar commissions 20MW Solar Power Project for Jindal Aluminum in Karnataka

Vikram Solar has used 73040 modules for the solar power project with 315wp capacity each, offering grid connectivity of 66KV to the Mayakonda Sub Station. Vikram Solar on Wednesday announced the commissioning of a 20 MW Solar Power Project in the state of Karnataka for Jindal Aluminum Ltd. Bangalore. Being nestled in Bavihalu, in the […]

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ReNew Power Raises $475 Million at Cheaper Cost

The green bonds yielded 6% at the close of subscription and have helped ReNew Power raise $475 Million. ReNew Power Ventures has raised $475 million by selling green bonds to overseas investors as the solar and wind energy producer plans to refinance debt. The bond yielded 6% at the close of subscription on Monday. The […]

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Rooftop solar units from third party costs 40 percent cheaper than DISCOMs

Rooftop solar units installed on industrial and corporate establishments by third parties are offering power 30-40% cheaper than the rates offered by the state’s power distribution companies. This gap is expected to widen further as thermal power companies would need to increase tariffs to accommodate inflationary measures and solar modules prices fall further. The model […]

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Gujarat’s Position Trips to Third in Solar Power Generation Capacity

After losing its top rank to Rajasthan last year, Gujarat has now slipped further to end at third position in commissioned solar power capacity. Rapid capacity addition by Tamil Nadu helped the state to topple both Rajasthan and Gujarat from their respective top ranks. According to the MNRE, Tamil Nadu has topped the list with […]

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Indian Government sanctions Rs 30 crore for solar cities programme

Funds worth over Rs 30 crore have been sanctioned to 21 states and union territories under the solar cities development programme. These funds were sanctioned during the last three years till November 30 this year. Out of the total sanctioned amount of Rs 30.36 crore under the ‘Development of Solar Cities Programme’ for 21 states […]

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Hindustan Zinc to set up 155 MW solar project, to invest Rs 630 crore

Hindustan Zinc Ltd (HZL) has announced that it is foraying into solar energy business and will set up 115 MW of solar energy projects with an investment of Rs 630 crore. The company led by billionaire Anil Agarwal already produces 474 MW of thermal power and 274 MW of wind energy. HZL CEO Sunil Duggal […]

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