MNRE may now hold RTC and Hybrid project auctions: Report

The Ministry of New and Renewable Energy (MNRE) may  now hold renewable energy auctions only for round-the-clock and hybrid projects says a report. This move said to reduce the problem of intermittent supply and making clean power more competitive against traditional thermal plants. An MNRE official speaking to ET said “We may not do plain […]

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Solar tariffs in India stabilised 30 percent below the cost of thermal power

The current tariffs in the Indian solar sector, hovering at Rs 2.50-2.87 per kWh, have stabilised at rates 20 to 30 per cent below the cost of existing thermal power in India, and up to half the price of new coal-fired power, a new study said on Friday. It concludes that the lucrative prices provide […]

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ONGC, NTPC to set up Joint Venture for Renewable Energy

Oil and Natural Gas Corporation Limited (ONGC) and NTPC ltd are planning to set up a Joint Venture Company for Renewable Energy business. The two Maharatnas entered into a Memorandum of Understanding (MoU) on 21 May 2020 in Delhi to formalize this arrangement. The MoU will enable both companies to achieve their targets in Renewable […]

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COVID-19 disruptions can foster more resilient energy systems via solar technology: REC Group

The COVID-19 crisis has a disruptive impact to our society from many sides, including the health care system, supply chains and crucial infrastructures as we know them. But it is also a chance for leapfrog improvements to make our infrastructures in the long term more resilient. Critical system concepts here are: decentralization and independence. This […]

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Solar Installations in India to decline By 23 percent in 2020: IEA

International Energy Agency.(IEA) in its new report revealed that India’s solar installation is set to drop by 23 percent in 2020 as compared to 2019. The agency estimates the largest drop estimated in distributed PV installations. However, it anticipates a rebound in 2021 with capacity additions surpassing 2019 levels. According to the report titled ‘Renewable […]

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India to add just 5000 MW solar capacity in 2020: Mercom

A recent report from Mercom India notes that -with project timelines getting extended due to the COVID-19 pandemic, India is expected to add only 5,000 MW of solar capacity in 2020, nearly 32 per cent lower than last year. India added 1,080 MW solar capacity in the first quarter of 2020, which is the lowest […]

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Renewable capacity additions expected to rebound in 2021: IEA

After a dip this year, new renewable capacity additions are expected to rebound in 2021, but policy certainty is critical to ensure investor confidence The world is set to build fewer wind turbines, solar plants and other installations that produce renewable electricity this year because of the impact of the Covid-19 crisis, marking the first […]

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COVID 19 Effect: ACME terminates 600 MW deal in Rajasthan

ACME Solar has decided to terminate a contract with government agencies to supply power at record low tariff citing Covid-19 crisis and its heavy toll on the economy. In 2018 the firm bagged this 600 MW project in Rajasthan at a historic low rate of Rs 2.44 per unit. The solar power developer in its […]

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Central govt launches scheme for solarisation of Konark Sun Temple and Konark town

The Ministry of New and Renewable Energy (MNRE) on Wednesday said the central government has launched a scheme for solarisation of Konark Sun Temple and Konark town in Odisha. R K Singh, MoS(i/c) for Power and MNRE said, “Government of India  launched the Scheme with an objective to take forward the Prime Minister’s vision to […]

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MNRE issues Draft Guidelines and model PPA for Off-Grid Solar Power Plants

The Ministry of New and Renewable Energy (MNRE) has issued draft guidelines and model PPA for implementation of off-grid solar power plants under RESCO model. The ministry has asked the industry stakeholders to provide their suggestions and comments on the draft guidelines and model PPA latest by May 25, 2020. This refers to Ministry’s Order […]

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