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India’s ultra-mega solar project to be discussed at France Summit: World Bank

Prime Minister Narendra Modi, who has set a very ambitious target for India to reduce its carbon intensity, is committed to moving the country to a lower carbon renewable energy future, World bank President Jim

By | December 25th, 2017|Categories: Solar|0 Comments

MNRE Announces $3.7B in Financial Assistance to DISCOMs to Boost Rooftop Solar in India

The Ministry of New and Renewable Energy (MNRE) has released a new proposal to overhaul the existing rooftop solar implementation mechanism by making it the responsibility of distribution companies (DISCOMs). Under the proposal, DISCOMs would

By | December 20th, 2017|Categories: Solar|0 Comments

MERC Okays MSEDCL Plan to Procure Renewable Power with Competitive Bidding

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has won approval to procure wind, solar, and bagasse‑based cogeneration power at a rate discovered through a tariff‑based competitive bidding process. Rates can be discovered for the

By | December 20th, 2017|Categories: Solar|0 Comments

IYES Bank & EIB Announce $400 Million Renewable Energy Financing Program for India

YES Bank, one of the largest private sector banks in India, has collaborated with the European Investment Bank (EIB), European Union’s non-profit long-term lending institution, to formulate a renewable energy financing program for India. This

By | December 20th, 2017|Categories: Solar|0 Comments

Changing demand-supply landscape in the Indian solar market

The Indian solar market is being tested to its limits. GST has increased execution costs. Module prices have shot up when bidders were factoring in another 20% price decline by the end of this year.

By | December 6th, 2017|Categories: Solar|0 Comments

India plans 20GW solar tender, eyes domestic manufacturing boost

India plans to invite bids for setting up 20 gigawatts (GW) of solar power capacity—the world’s largest solar tender—at one go, in an attempt to spur domestic manufacturing of solar power equipment.The effort will help

By | December 6th, 2017|Categories: Solar|0 Comments