Huge relief coming in for solar and wind power producers facing delays in project commissioning due to reasons beyond their control. The government has reportedly allowed renewable power producers to avail transmission charge waivers even if they fail to set up their plants within June 30, 2023 — the deadline set for projects to receive […]
Hartek Solar has comissioned a 50-kWp rooftop project at a hospital in Panchkula. This solar plant at Alchemist Hospital will generate 72.5 MWh of clean electricity annually, offsetting 1,397 tonnes of carbon emissions, a company statement said. Hartek Solar, which executed the project right from installation of solar panels and inverter to supply, design, engineering […]
The Nifty50 index is set witness the entry of new-age stocks from insurance, green energy and internet space, which reflects improving demand for such businesses in the economy, a recent report by ICICI Securities said. The report cited ICICI Lombard, Adani Green and Info Edge as major contenders to get into the benchmark index in […]
Total corporate funding into the solar sector globally, including venture capital and private equity (VC), debt financing, and public market financing, came to $14.5 billion, a 24% increase compared to the $11.7 billion in 2019 says Mercom Capital in its annual report. “Following a tough first half when corporate funding was down 25% year-over-year, recovery […]
India Ratings and Research (Ind-Ra) believes that upcoming wind-solar hybrid auctions will spark cautious optimism among independent power producers. Technical complexities related to grid integration and inclusion of floor capacity proportion of wind projects (at least 33% of the total contracted capacity) in the hybrid mix could weigh on the project economics and tariff assumptions. […]
NHPC has signed an agreement with the Indian Renewable Energy Development Agency (IREDA) for assistance in setting up renewable energy (RE) projects. The MoU was signed in the presence of NHPC CMD Abhay Kumar Singh and Pradip Kumar Das, CMD, IREDA and other senior officials of both the companies, NHPC said in a statement. “With […]
EESL has entered into a pact with the National Highways Authority of India (NHAI) for setting up solar power projects, energy efficient LED lighting and EV charging stations at NHAI establishments. Energy Efficiency Services Limited (EESL) is a joint venture under the power ministry. A Memorandum of Understanding (MoU) was signed on Friday in the […]
ITC Limited has set itself the target to meet 100% of purchased grid electricity requirements from renewable sources by 2030. In line with its philosophy of ‘Responsible Competitiveness’, the Company has adopted a low carbon growth strategy which encompasses a large renewable energy footprint. At present ITC meets over 40% of its electrical energy requirement […]
The construction work of 600 MW, world’s largest floating solar project at Omkareshwar dam on Narmada river in Khandwa district of Madhya Pradesh once completed will begin power generation by year 2022-23. Madhya Pradesh’s new and renewable energy minister Hardeep Singh Dang in a statement said the estimated investment in this project stands at Rs […]
Delhi Police on Saturday set up a solar energy-enabled “modern beat booth”, which is also water, fire and vandalism proof, at the iconic India Gate here, officials said. On 26.12.2020, Sh. Satish Golchha, Spl. CP/Law & Order (South Zone) inaugurated Modern Beat Booth at India Gate, New Delhi. This Modern Beat Booth is unique in […]
