PM dedicates 50 MW Kasaragod Solar Project, World Solar Bank at COP 26, PLI scheme for solar to spur INR 14000-cr investment and more

This week’s Solar News Wrap includes PM dedicates 50 MW Kasaragod Solar Project, World Solar Bank at COP 26, PLI scheme for solar to spur INR 14000-cr investment and more

Prime Minister dedicates 50 MW Kasaragod Project implemented by THDC India Ltd. to the Nation

The Prime Minister, Narendra Modi inaugurated POWERGRID’s 320 kV 2000 MW Pugalur () – Thrissur (Kerala) HVDC project at an event held over video conference. Prime Minister also dedicated a 50 MW Kasaragod Project to the nation. Energy Minister R K Singh speaking about 50 MW solar project said the entire power generated from this project will be consumed by Kerala. Our rate of growth of Energy capacity is the highest in the world. 

Jalandhar gets first of its kind Solar-based water supply project

First-of-its-kind solar-based water supply project has been set up by Punjab’s water supply and sanitation department at Jagrawan-Muradpur and Talwara villages of the Jalandhar district. The solar-based water supply project has been set up at a cost of Rs 67.71 lakh.

India devoting great importance to solar energy said Prime Minister Narendra Modi

Prime Minister Narendra Modi speaking after inaugurating and laying the foundation stone of key projects in power and urban sector in Kerala said India is devoting great importance to solar energy.Our gains in solar energy ensure,A stronger fight against climate change.A boost to our entrepreneurs. He added in the last six years, India’s solar energy capacity has gone up 13 times.

Nitin Gadkari urges power ministry to reassess restriction on solar rooftop projects

The union micro, small and medium industries minister Nitin Gadkari has reportedly urged Energy Minister R K Singh to reassess the recent controversial decision to restrict net metering in solar rooftop projects. Recently the power ministry issued a gazette notification directing states to henceforth allow net metering only for solar rooftop projects with capacity lower than 10 KW. Those with higher capacity need to shift to gross metering.

PGCIL bags two transmission projects under tariff-based competitive bidding norms

Power Grid Corporation (PGCIL) has bagged two electricity transmission projects under tariff-based competitive bidding norms. Power Grid Corporation of India Ltd (PGCIL) has been declared as the successful bidder under tariff-based competitive bidding (TBCB) to establish two projects on build, own operate and maintain (BOOM) basis, the company said in a regulatory filing.

increases clean energy sourcing to 60 percent

has increased the sourcing of clean energy to 60 per cent for its countrywide operations. Now 75 per cent of the company’s energy consumption in and 60 per cent throughout the country is procured through the solar rooftop, solar ground mount, and wind-based renewable energy, said in a statement.

Eni all set to grow green footprint in Spain acquiring three solar power plants

Eni has agreed to buy three solar power projects in Spain from X-Elio as part of plans to expand its green business. The plants have a total installed capacity of 140 megawatts. Eni said, adding it was in talks with X-Elio to develop more in the country to reach 1 gigawatts over the next five years.

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

According to a new briefing note from IEEFA and JMK Research & Analytics a provision in the ’s new rules for electricity consumers which mandates net metering for rooftop solar projects up to 10kW and gross metering for systems with loads above 10kW will likely make rooftop solar commercially unviable for big residential and commercial and industrial consumers.

Performance-linked incentive (PLI) scheme for to spur INR 14000-cr investment

Prime Minister Narendra Modi said that the performance-linked incentive (PLI) scheme for high-efficiency solar will spur investments of over INR 14,000 crore and build a manufacturing capacity of 10 GW. He hoped for a massive response to the scheme. This is likely to increase demand for locally produced materials like  EVA, Solar glass, Backsheet, Junction box. “We want to see our companies to become global manufacturing champions, not just to fulfil local demands” said the Prime Minister.

ISA to launch World Solar Bank at Conference in November

The (ISA) is planning to launch World Solar Bank (WSB) at the Climate Change Conference in Glasgow in November reports Live Mint citing a top ISA official. ISA director general Upendra Tripathy speaking to the publication said We are trying to launch a Green Grid Initiative (GGI), a Sun Charter, and the World Solar Bank at COP-26 at Glasgow so that COP-26 becomes as important and as far-reaching as COP-21 in the past