Tags: solar news

PFC installs standalone solar rooftop system at ASHA School

Government-owned Power Finance Corporation (PFC) has installed a standalone solar rooftop system at ASHA School, run by Indian Army Wives Welfare Association in Delhi Cantonment. The installation has been carried out as part of PFC’s CSR initiative. Ravinder Singh Dhillon Chairman and Managing Director, PFC along with Lt.  General R K Anand inaugurated the stand alone […]

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Solar panel and module maker Loom Solar eyes Rs 100 cr turnover by FY21

It has installed 10,000 kW solar power in 20,000 Indian homes and aims to become India’s most popular brand by 2021 by reaching 100 million customers. Solar panel and module maker Loom Solar on Tuesday said it is eyeing Rs 100 crore turnover by FY2021. The company in a statement said that it is also […]

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Change in Law payments lead to INR 4K crore cash inflow for solar sector: CRISIL

Recent commencement of Change in Law payments by state power distribution companies (discoms) and Solar Energy Corporation of India (SECI) for Goods and Services Tax (GST) to solar power projects, comes as a shot in the arm for the sector. Together with safeguard duty (SFD) reimbursements, which also qualify under ‘Change in Law’, the payments will […]

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Solar equipment imports down 83 percent even before govt checks

The Covid-19 pandemic has dealt a severe blow to India’s solar equipment imports from China, even before various government initiatives to check imports and boost domestic manufacturing set in. As per Commerce Ministry data, Indian imports declined by 83 per cent in the April-June quarter of current fiscal, totalling $69 million (Rs 515 crore) as […]

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Committee formed by Maharashtra Energy Department to frame solar power policy

The Maharashtra Energy Department has reportedly formed a committee to frame a solar power policy for the state. The energy department’s panel is headed by the Principal Secretary of the Energy Department, Energy Minister Nitin Raut recently said in a statement. The committee will frame a comprehensive solar power policy with an aim to reduce […]

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Under new KUSUM Scheme feeder to the agriculture sector will be solarized: R.K Singh

Power and renewable energy minister R K Singh through a video conference on Friday informed that the government is planning to launch a new variant on KUSUM scheme for solarisation of agricultural feeders,. He added that this would eliminate the subsidy burden of states given in irrigation for the next three-four years. “At present, the KUSUM […]

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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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NTPC wins Project Management Consultancy contract from Mali for 500 MW Solar Park

Mali has awarded Project Management Consultancy contract to NTPC, a central PSU under Ministry of Power, for development of 500 MW Solar Park. #Republic of Mali has awarded Project Management Consultancy contract to NTPC for development of 500 MW #SolarPark.Read more: https://t.co/[email protected] @MinOfPower @mnreindia @CMDNTPC pic.twitter.com/VzUhMiw8Rv — NTPC Limited (@ntpclimited) June 24, 2020 In an […]

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Sterling and Wilson Solar Q4 net down 56 pc at Rs 128.58 cr

Sterling and Wilson Solar has reported a 56 per cent decline in consolidated net profit at Rs 128.58 crore for the quarter ended March 31, 2020. The consolidated net profit of the company stood at Rs 294.80 crore in the quarter ended on March 31, 2019, a regulatory filing said. The total income of the […]

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