MNRE amends guidelines for central public sector undertaking solar project scheme

India’s ministry of new and renewable energy (MNRE) has amended the guidelines for implementation of Central Public Sector Undertaking (CPSU) scheme phase-II for setting up 12,000 megawatt (MW) grid-connected solar projects with viability gap funding (VGF). VGF is a one-time or deferred grant, provided to support infrastructure projects that are socially and environmentally justified but fall […]

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India’s top 10 solar power developers installed 69% of all projects in 2020 – report

India’s top 10 large-scale project developers can be credited for installing 69 percent of the projects, according to a recently released report by Mercom Communications India. Large-scale solar installations in 2020 amounted to 78 percent of the total solar installations of 2.5 gigawatts (GW), the report said. Also solar accounted for 48 per cent of […]

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India releases guidelines for production incentives to push solar PV module manufacturing

India’s Ministry of New and Renewable Energy (MNRE) has released guidelines for the production-linked incentive (PLI) scheme in an effort to encourage domestic manufacturing of high-efficiency solar PV modules and reduce import dependence. In November 2020, the government had approved and allocated an amount of Rs 4,500 crore to be spent over a period of five years on […]

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ReNew Power signs a $7.6 million contract with Airtouch Solar

Renew Power has signed a $7.6 million deal with Israel-based Airtouch Solar for deploying water-free robotic cleaning systems at three of its upcoming solar power plants in Rajasthan.  The robotic cleaning systems will be provided by Airtouch’s production plant in Israel and the company’s manufacturing plant in India that is currently being established, a statement […]

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India to allow rooftop solar installations up to 500 KW to be billed under “net metering”

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In order to provide relief to the rooftop solar industry, the Indian government is proposing to allow rooftop solar installations with up to 500 kilowatt (kW) capacity to be billed under ‘net metering’. If the proposal is approved, those who have rooftop solar panels will receive higher tariffs from power distribution companies (discoms) for the […]

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Radiance Renewable acquires solar rooftop assets of Azure Power

Radiance Renewables, a 100 percent subsidiary of the Green Growth Equity Fund (GGEF), which is managed by EverSource Capital, India’s leading Climate fund has signed an agreement with Azure Power Global Limited to acquire the latter’s rooftop assets.  According to Radiance’s statement, the acquisition deal worth Rs 536.5 crore, includes 152.5 megawatt (MW)  of projects, […]

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India has 170 GW of renewable energy capacity operational or under development: Power Minister

As much as 170.14 gigawatts (GW) of renewable energy capacity, excluding large hydropower units, has either been installed or under various stages of development or bidding at February-end this year, India’s power minister, R.K. Singh informed the Parliament. The statement assumes significance in view of India’s ambitious target of having 175 GW installed renewable energy […]

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