Tags: India

Safeguard duty on import of solar cells and modules to continue

The Director General of Trade Remedies (DGTR) in the commerce ministry has favoured continued imposition of safeguard duty on imports of solar cells, whether or not assembled in modules or panels. The DGTR’s recommendation will now go to the finance ministry that may finally decide and notify the quantum and period of the duty. In […]

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India-EU To Step Up Cooperation In Climate Change, Science And Technology, Space

India and the European Union on Wednesday resolved to step up cooperation in environment and climate change and extend the ambit of collaboration in the areas of space and science and technology. At the 15th India-Summit, the two sides also decided to ramp up cooperation in the areas of water, air quality and nuclear energy. […]

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Adopt Green Architecture and Promote solar energy: Vice President Naidu

Vice President M. Venkaiah Naidu on Saturday called upon the architects of the country to adopt green architecture and promote solar energy in upcoming building projects. “Renewable energy sources such as solar energy should be promoted in the upcoming building projects,” Naidu said while virtually addressing the inaugural ceremony of the national convention of the […]

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Earth Energy EV raises seed funding to launch 3 vehicles electric in India

Startup Earth Energy has announced that it has raised seed funding, led by LR Joshi, MD or Pranada Bio-Pharma Pvt Ltd. However, the EV startup has not disclosed the amount of the funding, it has received. The company in a statement said that the amount will be used to facilitate the launch of three electric […]

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L&T Infrastructure closes USD 100 million ECB from AIIB for Renewable Energy Finance

L&T Infrastructure Finance Company Ltd (LTIF) has received the first tranche of 50 million dollars of the total 100 million external commercial borrowing loan from Asian Infrastructure Investment Bank (AIIB), a multilateral development bank that invests in sustainable infrastructure. The development marks AIIB’s first loan to a non-banking financial company (NBFC) in India. The loan […]

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Govt working on plan to triple domestic solar manufacturing capacity

The central government has proposed a major push to domestic manufacturing of renewable energy equipment in the country that would completely eliminate the need for imports, particularly from countries such as China. As part of the plan, an accelerated manufacturing plan is being operationalised that is incentivising setting up of solar cell manufacturing capacity of […]

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Extend FAME-II for two years to propel EV demand says FICCI to the government

FICCI on recommended various measures, including extending FAME -II scheme till 2025, to enhance demand for electric vehicles (EVs). The recommendations, submitted by FICCI’s EV committee to the government, seek immediate support from policymakers to enhance attractiveness for these vehicles in the short term and to encourage continued investments in the sector, a release said. […]

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Post COVID 19 Clean Energy can Support India’s Economic Recovery: Report

NITI Aayog and Rocky Mountain Institute (RMI) in its new report identify how COVID-19 is beginning to influence the clean energy transition in India, specifically for the transport and power sectors. The report recommends principles and strategic opportunities for the country’s leaders to drive economic recovery and maintain momentum towards a clean energy economy. COVID-19 […]

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Solar equipment imports from China may soon come under double taxation

Solar equipment imports, largely from countries such as China, may soon come under double taxation with the Director General of Trade Remedies (DGTR) looking to consider continued imposition of 15 per cent safeguard duty (SGD) on imports of solar cells and modules beyond the cutoff date of July 29. The DGTR is scheduled to do […]

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Enel Green Power wins first solar tender of 420 MW of capacity in India

Enel Green Power through its Indian renewable subsidiary EGP India, has been awarded the right to sign a 25-year energy supply contract for a 420 MW solar project in India, which will be located in the State of Rajasthan and will be its first solar plant in the country. The project was awarded under the […]

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