Solar's 1 million job bonanza
From a perennially energy-deficient state with a peak shortage of 14 per cent in 2010 to a peak shortage of less than one per cent in 2018, India has moved miles from the days of energy blackouts and frequent power cuts.
In Need of Back-Up
In June 2018, the government has revised the targets for 2022 to increase the solar power capacity to 113 GW from the earlier set 100 GW. Though the industry has the capability to meet this, it is fighting policy-level challenges.
Power-packed M&A thrust
It can be a pure 'make-in-India' story in the making. Ever since the US has decided to pull out of the historic 'Paris Accord on Climate Change,' the weather for the renewable sector in the country is turning out to be exciting.
Despite its huge potential in a largely agrarian country, biomass lacks competitiveness in India. It is also meagre in comparison with the other green energy sources.
MNRE announces financial incentives for DISCOMs to support rooftop solar
In a new policy move, the Ministry of New and Renewable Energy (MNRE) has announced financial incentives for discoms to support rooftop solar installations. The notification proposes a financial support of up to Rs 3.75 million per MW for up to 1,350 MW of rooftop solar capacity.
India Progressing Towards Optimum Energy Mix
The summer of 2017 promises to be a watershed year for India. While the government burns the midnight oil to introduce GST by start of the upcoming financial year, Piyush Goyal, Minister of State (I/C) Power, Coal, New and Renewable Energy and Mines, is confident that all villages will be connected to the grid by May 2017.
MNRE has sanctioned Rs.67 crore for Solar City Programme | Goyal
A total of Rs.67 crore has been sanctioned by the MNRE, to develop solar cities across India. The funds will be utilised towards preparing master plans, solar city cells, promotional activities and installation of renewable energy projects in 60 cities across the country.
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