Tags: solar India news

Rajasthan’s new solar power scheme to help farmers generate income

Rajasthan government recently launched solar power scheme to generate income for farmers from their infertile land. The state government floated proposal requesting applications for setting up plants with capacity ranging from 0.5 to 2 MW, this would also benefit the discoms, and fulfill a long-standing demand of small solar power developers. As per the scheme […]

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Odisha CM launches Rs 8,939 crore industrial projects including solar

Odisha Chief Minister Naveen Patnaik recently launched 27 industrial projects, involving a total investment of around Rs 8,939 crore. The projects are expected to create employement opportunities for about 12,142 people. Patnaik inaugurated five projects and performed groundbreaking of 22 other units across different sectors through a video conference from Kharvel Bhawan here. The total […]

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Tata Power looking to sell stake in renewable energy portfolio to global investors: Report

Tata Power is reportedly looking to sell stake in its renewable energy portfolio to global investors. The Chief executive of Tata Power- Praveer Sinha speaking to Reuters said that the company is examining the option of bringing in global investors through an infrastructure investment trust, commonly called an InvIT, he added the funds would help […]

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SEBI examining allegations against Sterling & Wilson Solar: Report

Market regulator SEBI is reportedly probing whether the promoters of Sterling & Wilson Solar (SWL) side-stepped regulatory norms and diverted funds raised in IPO. The market regulator is examining if Sterling & Wilson Solar promoters have violated the Issue of Capital and Disclosure Requirements (ICDR) regulations and also Companies Act, 2013 with regard to misstatement […]

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India has set up 31696 MW of solar power generation capacity: RK Singh

The government recently said a total 31,696 Mega Watt (MW) of grid connected solar power generation capacity has been set up in the country till October 2019. The government’s target is to installing 1,00,000 MW grid-connected solar power capacity by December 2022, Minister of State for Power and New and Renewable Energy R K Singh […]

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India and Germany to collaborate on solar projects and metro: German official

India and Germany will collaborate on Mumbai Metro and solar projects as part of a bilateral cooperation in energy and urban development sectors, a senior official with the Germany’s Ministry of Economic Cooperation said on Wednesday. Talking to reporters here, Director General (Bilateral Cooperation) of the Federal Ministry for Economic Cooperation and Development Claudia Warning […]

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Shapoorji Pallonji exploring options to pay back to Sterling and Wilson Solar

Shapoorji Pallonji Group, the promoter of Sterling Wilson Solar, is exploring several options, including making Eureka Forbes public or selling stake in its engineering firm Forbes & Company to pay back the inter-company loans the group had taken from the solar company, sources said. The promoters of Sterling Wilson Solar currently owe the company Rs […]

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Here is what you should know about AP’s key changes in energy policies

The Andhra Pradesh government recently made several key changes to its policies on solar, wind and hybrid power, primarily withdrawing the facility for energy banking and drawal that was purportedly causing a huge financial drain on the power distribution companies (Discoms). The Andhra Pradesh government said it has observed statutory audit has reported an abnormal […]

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Aptel asks state regulator to review solar tariff: Report

The Appellate Tribunal For Electricity (Aptel) has reportedly set aside certain components of the solar tariff fixed by TNERC and has directed the State regulator to pass a consequential order within three months. According to the Hindu, Welspun Renewables Energy Private Limited and National Solar Energy Federation of India (NSEFI) in separate petitions challenged the […]

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Sterling and Wilson Solar posted 36 percent rise in Q2 net profit

Sterling and Wilson Solar on Friday posted a 36 per cent rise in consolidated net profit at Rs 79.40 crore for the second quarter of this fiscal. The Shapoorji Pallonji Group firm had reported a consolidated net profit of Rs 58.36 crore in the September quarter of the previous fiscal, it said in a BSE […]

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