There is a clear lack of interest in the private sector in small hydro projects
Dr. Praveen Saxena, Advisor, Ministry of New and Renewable Energy (MNRE) talks about the small hydro plants and renewable energy scenario in India.What is the estimated potential of Small Hydro Power projects and what are their advantages?
MNRE has been vested with the responsibility of developing Small Hydro Power (SHP) projects up to 25 MW capacity. The SHP projects normally do not encounter the problems of deforestation and resettlement, associated with large hydel projects. Beside grid powe
Solar energy players may be eligible for renewable energy certificates
The ministry of new and renewable energy is lobbying for changing the fortunes of solar energy players under the renewable energy certificates or the REC mechanism. These certificates might be costlier than the actual purchase, but the ministry is confident that the regulator will be able to enforce the sale of these certificates. Buying RECs is mandatory for all power distribution companies under the existing Electricity Act.
Loss for big power projects, gain for renewables
Policy hurdles for big power projects are proving to be blessing in disguise for small renewable energy projects. Domestic lenders are turning to these green ventures to grow their books, as many big projects in the non-renewable sector continue to face operational bottlenecks.
Japan to give Rs 15,000 crore aid for renewable projects
Japan has announced a Rs.15,000-crore official development assistance loan for five projects in India including works related to wind and solar energy. The loan agreement will include three energy sector projects-new and renewable energy, micro,
GE Renewable Energy: The wind in its sails
'The answer is blowing in the wind', so sang the great bard Bob Dylan. GE Renewable Energy, part of GE Power & Water and unit of the multi-billion GE Corp, seems to have wholeheartedly adopted this line as it goes about consolidating its presence in the wind energy space in India.
China green cos face hiccups
Chinese renewable energy firms are facing huge losses even as the country continues on its push to generate more green energy. Tianwei Baobian Electric, China´s leading solar panel and wind power equipment manufacturer based in Baoding, Hebei Province, has reported a record loss of 5.23 billion yuan for 2013. Suntech -once the world´s largest photovoltaic product manufacturer - has filed a bankruptcy petition in New York. LDK Solar, a major supplier of polysilicon, made a continued loss of $38 m
India, Sudan join hands for renewable energy
Indian Renewable Energy Development Agency (IREDA), the Indian green energy financial institution is planning to provide knowledge and technical appraisal assistance in developing renewable energy projects on commercial basis for Sudan. A team comprising officials from Ministry of New & Renewable Energy, IREDA, CWET and NISE would soon visit Sudan to discuss a framework for further cooperation.
J&K signs MoU for solar projects
Jammu and Kashmir (J and K) has signed an MoU with the Ministry of New and Renewable Energy (MNRE) to set up 7,500 MW of solar power projects in the state. The genesis for this project is most likely based on a report published by Power Grid Corporation on the feasibility of using wasteland desert areas in India for installing large wind and solar power projects.
REC plans to raise more funds from Germany's KfW
REC is in talks with KfW for raising money to provide funding for renewable energy projects. The state-owned company is a leading lender for power projects in the country. The company is looking to raise funds from KfW, REC Chairman and Managing Director Rajeev Sharma said at the Green Energy Summit, organised by Indian Chamber of Commerce in association with the Ministry of New and Renewable Energy.