Tags: rooftop solar

Financing options must be scaled up to boost the adoption of rooftop solar in India

Micro, Small and Medium-sized Enterprises (MSMEs) could be the key to accelerating the adoption of rooftop solar in India – but financial institutions are often reluctant to lend to MSMEs because they prefer borrowers with strong financial track records and good corporate credit ratings. A new report by the Institute for Energy Economics and Financial Analysis […]

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World Environment Day: HDFC Bank Commits to Becoming Carbon Neutral by 2031-32

HDFC Bank announced it plans to become carbon neutral by 2031-32. As part of this initiative, the Bank is looking at reducing its emissions, energy, and water consumption. As part of its ESG strategy, the Bank will also focus on offering loans for green products like electric vehicles at lower interest rates and incorporating ESG […]

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Visaka gets patent rights for ATUM solar roof for 20 years

Visaka Industries Limited has been granted patent for its product “ATUM “Solar Roof by the South African Patent Office, which is valid for 20 years. The patent has been granted for the invention titled “Eco-Friendly Energy Generating Roofs.” ATUM is a unique roof that generates electricity. It is a completely integrated, seamless solar roof made […]

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Radiance arm of Everstone acquires Azure’s 152 mw rooftop solar assets for Rs 536.5 cr

Radiance Renewables, arm of Everstone has acquired 152.5 mw rooftop solar assets from Azure Power Global for Rs 536.5 crore. Radiance is subsidiary of a green growth equity fund managed by Everstone Group firm EverSource Capital. The transaction is through the green growth equity fund, an equal joint venture between Singapore-based private equity firm Everstone […]

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IIT Delhi is now greener than ever reducing carbon footprint by 50 percent

IIT Delhi, an Institution of Eminence has achieved another milestone by becoming the first Central Government funded Technical Institute to reduce its carbon footprint by more than 50%. The institute recently signed bilateral power purchase contract with a hydro power generator in the state of Himachal Pradesh for 2 MW through PTC India Ltd., as […]

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183 primary schools in Punjab to go green tapping solar power

In a bid to reduce the cost of electricity in the government schools of the state, the Punjab government would install 3KW solar panels in 183 primary schools at a cost of Rs. 2.74 crore. Education Minister Vijay Inder Singla said that the Education Department is making continuous efforts to further strengthen the infrastructure in […]

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Italy joins ISA, AGEL acquire SkyPower asset, Waaree Energies SP1A ranking, BHEL tender for solar value chain and more

This week’s Solar News Wrap Includes Italy joins ISA, AGEL acquire SkyPower asset,  Waaree Energies SP1A ranking, BHEL tender for solar value chain, USAID and DFC loan for rooftop solar and more Italy joins International Solar Alliance Italy on Wednesday joined International Solar Alliance (ISA) upgrading its partnership with India in a year that coincided […]

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India’s new net metering limit risks stalling progress on rooftop solar target: IEEFA

A new regulation that excludes rooftop solar systems over 10 kilowatts (kW) from net metering will stall adoption of larger installations in India, undermining progress towards the government’s rooftop solar target of 40 gigawatts (GW) by 2022. This is according to a new briefing note from IEEFA and JMK Research & Analytics that says a provision in […]

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Tata Power, SIDBI partners to finance MSME customers in rooftop solar segment

Tata Power has announced its partnership with SIDBI (Small Industries Development Bank of India) to offer easy and affordable financing scheme for MSME customers in the rooftop solar segment. This scheme will empower MSMEs to adopt sustainable energy for their businesses and promote greener tomorrow.   Easy and affordable financing has been one of the barriers […]

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Now net metering for Rooftop solar is for loads up to 10 kW: Power Ministry

Union Government for the first time laid down Rights to the Electricity Consumers through “Electricity (Rights of Consumers) Rules, 2020”. R.K.Singh, the Union Minister of State (Independent Charge) for Power and New & Renewable Energy, said, “These rules shall empower the consumers of electricity and added that these Rules emanate from the conviction that the […]

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