Solar: Is It Shining
10 MW in 2010 to 21 GW of installed grid-connected solar capacity in 2018 shows the testament of the Government of India's success in supporting renewable energy, especially solar, in India.
Renewable capacity addition catches up with thermal power in India
Energy transformation has arrived in India. According to the Ministry of New and Renewable Energy (MNRE), India’s total renewable capacity including solar, wind, biomass and small hydro grew by around 11.2 GW in FY2016-17, at par with thermal capacity addition, which registered a decline of 50 per cent in the year.
Schneider Electric powers 2 GW solar
Schneider Electric India announced that it has powered more than 2 GW of solar capacity in India through its inverters, transformers and other medium voltage equipment and expects to achieve 2.5 GW (including 500 MW solar) by March 2017.
Budget Reaction | Su-Kam
Honestly when Finance Minister Arun Jaitley announced the series of measures in Budget 2017-18 to promote clean energy, access to power and energy security, we as a company are looking forward about its future scope. This thought will result in 20 GW of solar capacity addition to which it will add on to higher spending on rural electrification.
Budget: Rudranil Roysharma, General Manager and Sr Consultant, Energy Vertical, Feedback Business Consulting
Government is already taking good care of the power sector since last 2.5 years hence there is not much sops for the sector in this budget. Budget initiatives that will have impact on the power sector have been listed below:
1. Government’s commitment towards ‘renewable energy’ and ‘Power for all’ has been reiterated through second round of solar capacity addition of 20,000 MW and 100 per cent village electrification.
Opec nations seek $1.5 billion loan for solar shift
Saudi Arabia, the biggest member of the Organisation of Petroleum Exporting Countries (Opec), and the United Arab Emirates, fourth-biggest in the group, are seeking to add 1,000 megawatts of solar capacity, enough to electrify 2,00,000 homes. The forecast expansion, which includes Jordan, will require loans and export credits, said Vahid Fotuhi, president of the Dubai- based Emirates Solar Industry Association. Governments across the Middle East and North Africa consider sun and wind energy as c