Gujarat bags highest number of solar parks project
According to the Ministry of New and Renewable Energy, Gujarat, Rajasthan and Andhra Pradesh are emerging as the top destinations for large, utility scale solar projects in India. Based on the figures for Government of India’s Solar Parks and Ultra Mega Solar Power Projects scheme, Gujarat has bagged the highest number of approved projects.
Suzlon to sell stake in 130 MW projects before March
Suzlon Energy has divested 49 per cent stake in around 210 MW of solar power projects while sale of stake in another 130 MW of projects is in the works, with aim to be completed before March 2017, Kirti Vagadia, CFO, Suzlon Group has said.
GoI´s aggressive push towards solar has rejuvenated the solar market and given tremendous growth potential for upcoming clean energy eco-system, believe experts.
Renewable Energy (RE) has many unique attributes ´ rapid deployment, modular nature and environment friendliness ´ which make it a beneficial source of power in a country like India, which has a high energy deficit, growing demands and an inadequate grid infrastructure.
Rajasthan, Reliance Power sign MoU for 6,000 MW solar projects
Reliance Power and the Rajasthan government have signed a Memorandum of Understanding (MoU), to develop 6,000 MW of solar power projects in the State in the next ten years. The MoU has been signed in the presence of Chief Minister Vasundhara Raje and Reliance Power Chairman Anil Dhirubhai Ambani.
How the budget can fire power
On 28th February, when Finance Minister Arun Jaitley presents his second budget (after his Interim Budget 2014 in July) the power industry may expect some major policy relief as it will be the first full-fledged budget presented by the FM.
India budget plans 2 GW of solar farms next year
India plans to start work on at least 2 GW of solar farms in the year starting April that would nearly double its current photovoltaic capacity. The proposed new capacity would take the form of four so-called mega solar power projects capable of generating more than 500 MW each, Finance Minister Palaniappan Chidambaram said today in New Delhi in a speech announcing an interim budget that would provide funds until a new parliament is elected in national polls due by May. A record 15 percent of ab
ACME plans Rs 9,000 cr investments in solar power space
ACME Group plans to invest as much as Rs 9,000 crore to develop solar power projects in the coming years. The group, which already has significant presence in the telecom space, aims to set up solar power projects having total capacity of 1,000 MW in the country. At present, the group has about 18 MW of installed solar generation capacity.