Tags: India solar news

ADB inks an agreement to invest USD 50 million in Avaada Energy

Asian Development Bank (ADB) has inked an agreement to invest USD 50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will come equally from ADB’s Ordinary Capital Resources and Leading Asia’s Private Infrastructure Fund (LEAP). LEAP is a funding arrangement provided by Japan International […]

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MNRE issues advisory against fake websites under KUSUM scheme

The Ministry of New & Renewable Energy (MNRE) has warned public against fake websites under KUSUM scheme. MNRE notes that “It has been noticed that few websites have cropped up claiming to be registration portal for KUSUM Scheme. Such websites are potentially duping general public and misusing data captured through fake registration portal. “ The […]

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France commits 500 million euros more to the International Solar Alliance (ISA)

France will commit 500 million euros more to the International Solar Alliance (ISA), President Emmanuel Macron said at the third One Planet Summit on reversing climate change, here on Thursday. Macron also declared creation of a 10 million euros facility to protect the biodiversity in Africa. “The best response to the climate change is not […]

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Phase-II of Grid connected Rooftop Solar programme Launched

The MNRE has announced the launch of phase-II of grid connected rooftop solar programme for achieving cumulative capacity of 40 GW from Rooftop Solar (RTS) projects by the year 2022 with the total central financial support of Rs 11,814 crore. “The sanction of the President of India is hereby accorded for grid connected rooftop solar […]

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ReNew Power raises USD 375 million via green bonds

Clean energy firm ReNew Power on Thursday said it has concluded a green bond issue of $375 million, which would be used for capital expenditure on green projects and refinancing external commercial borrowings. The five-year non-call two notes were offered at a yield of 6.67 per cent per annum, a company statement said. The bond […]

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GST led to increase in cost of solar power generation by almost 6 per cent: Report

According to a recent report published by the Council on Energy, Environment and Water (CEEW) and the International Institute for Sustainable Development (IISD) the introduction of Goods and Services Tax (GST) has led to an increase in the cost of solar photovoltaic (PV) power generation by almost 6 per cent. At the same time, the […]

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Azure Power bags 300 MW in 1.2 GW ISTS SECI Solar Auction

Azure Power announced it has received a letter of award (LOA) for a 300 MW solar power project through an auction conducted by Solar Energy Corporation of India (SECI), a Government of India enterprise and a company with an AA+ domestic debt rating by ICRA, a Moody’s Company. With this win, Azure Power has one […]

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Sanjay Gandhi Post-graduate Institute of Medical Sciences taps solar power

In a bid to curb CO2 emissions and reduce the burden on conventional energy resources, a 1.11 MWp solar power plant was installed at the Sanjay Gandhi Post-graduate Institute of Medical Sciences (SGPGI). The solar power plant will help reducing 1,440 tonnes of CO2, which is equivalent to planting 33,855 full grown trees, besides saving […]

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Gujarat government announces small scale distribution solar project policy

Aspiring to fulfil Prime Minister Narendra Modi’s ambition for raising the renewable power generation in the country, the Gujarat government on Wednesday announced a ‘small scale distribution solar project’ policy for producers of up to 500 KW to 4 megawatts (MW). Energy and Petrochemical Minister Saurabh Patel said, “Gujarat’s geographical situation has vast and immense […]

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CleanMax Solar installs 736 KW rooftop solar power plant in Mandoli Jail

CleanMax Solar has announced that it has installed a rooftop solar power plant with a capacity of 736 kilowatt (KW) in Mandoli Jail. The rooftop solar project is part of the company’s 2.5-megawatt contract with Delhi government’s power generation arm Indraprastha Power Generation. “The installation will save Rs 51.5 lakh per annum for the jail […]

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