The European Investment Bank (EIB) today agreed a new partnership with the International Solar Alliance to mobilise finance to develop and deploy affordable solar energy in solar rich countries. The EIB also confirmed plans to provide a record EUR 800m for renewable energy investment across India, in a press release today.

Under the agreement the EIB, one of the world’s largest lenders for renewables energy and the world’s largest international public bank, will work with the International Solar Alliance to mobilize financing for development and deployment of affordable solar energy in ISA member countries.

Paving the way for reliable, safe and efficient access to energy in northern India, GE announced the successful completion of the first phase of the two-phased Champa-Kurukshetra HVDC project.

The planned renewable capacity target of 175 GW by 2022 to enable our COP21 commitment and 'Power for All' program poses significant challenges of balancing variability and intermittency in the grid.

Energy from sun is abundant and the sun will continue to shine for billions of years to come. While the solar energy is inexhaustible and renewable, its irradiance is environment-friendly. The solar power system does not emit toxic gases, which are environmentally damaging.

The World Bank recently has put out a report in which the demand for electricity in India is growing at the same rate as in France or Germany as millions of people in rural or impoverished areas seek access to power in their homes and workplaces.

Animesh Damani, Managing Partner, Artha Energy Resources speaks about how renewable energy investors in the country are being squeezed because of non-payment of dues by discoms.

There are three categories in this - IPPs with long term PPAs, IPPs with a mix of long term PPAs and short term sale, and IPPs without any long term PPAs and completely relying on short term sale

Power sector seems to have seen hectic activity over the last three years - in terms of generation, transmission and distribution of power and efforts to create and bolster demand. However, with every addition of a megawatt in power generating capacity the problems of the sector got accentuated.