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Solar power...

6.117 Posts
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  1. forum rang 10 voda 5 januari 2015 19:05
    NTPC to facilitate 15000 MW solar grid capacity by FY19

    National Thermal Power Corporation will turn its focus to solar power with the company announcing its plan to facilitate 15000 MW solar grid capacity by FY19. This facility will come up under the National Solar Mission. The government will formulate rules and bid method for e-bids for solar power and NTPC will be the nodal agency for the same.

    The first tranche of 3000 MW will come in by FY17, 5000 MW in the next financial year FY18 and the remaining 7000 MW by FY19. The states interested for this solar power will have to identify land and power requirement and power developers will have to bid for the projects.

    NTPC will bundle solar power with unallocated thermal power and the ratio for selling unallocated thermal and solar power will be 1:2.

    Source - www.moneycontrol.com
  2. forum rang 10 voda 6 januari 2015 16:29
    Chinese cheap solar panels brings dark spots in Indian market

    Economic Times reported that in the narrow, crowded and serpentine lanes of Lajpat Rai Market in front of the Red Fort in Delhi, there are hundreds of vendors selling Chinese solar panels at less than half the price of Indian brands, much like vegetables, to buyers from power-starved villages in Uttar Pradesh, Bihar and Haryana.

    However, instead of helping realise the dream of transforming the lives of more than 300 million people who live without electricity in the country, these Chinese products are wrecking the market as they often stop working within months, industry insiders allege. They said that only import regulations and quality standardization can check this 'e-waste dumping' by China.

    A shopkeeper at Lajpat Rai Market said that most buyers go for cheap Chinese solar panels despite traders' warnings. He said that "We tell them these have no service warranty, no performance guarantees but they think we're fooling them into buying costly products. Within months their solar systems stop working and they call up crying after having lost all investment."

    Several experiences with substandard products in rural India have started making people suspicious of solar technology, forcing some Indian brands to launch awareness campaigns to counter this.

    Government officials said that they were aware of imports of rejected poor quality panels and are looking for solutions to curb them. Mr Tarun Kapoor, joint secretary, solar, at the ministry of new and renewable energy, said that "We have recently written to the Controller of Imports and Exports to check Chinese solar water heaters coming to India. We have to do something for panels next."

    Source – Economic Times
  3. forum rang 10 voda 6 januari 2015 16:31
    Centre to cut subsidy on rooftop solar power panels by half

    The Times of India reported that the Centre has decided to reduce by half its subsidy on rooftop solar power panels that are now mandatory in Haryana's buildings, an early hurdle for a scheme the state government wants implemented by September this year.

    The Union ministry of new and renewable energy has announced the subsidy is likely to be reduced up to 15%. When the scheme was announced in the New Year, state officials had expected the Centre to offer a 30% subsidy with additional concessions from Haryana to make the scheme more attractive and implementation easier.

    But the ministry put out a notification on its website on January 2nd, saying the subsidy policy was under revision and was likely to be reduced up to 15% from the current 30%, either in the form of capital subsidy to be given directly to Aadhaar-linked accounts or in the form of interest subvention.

    State officials said that the Haryana government was yet to decide on the quantum of subsidy it would give. Mr Vinay Pratap, Gurgaon's additional deputy commissioner and project officer for implementation of the solar scheme, said that "If there is any reduction in central subsidy, the state government may consider reworking its share, clarifications and guidelines for which are yet to be issued."

    Mr Arun K Tripathi, scientist at the ministry, said that it may also not be possible to provide central subsidy to all categories of beneficiaries applying for installation of rooftop solar power panels. Educational institutions, hospitals, old-age homes, government community centres, government buildings and residential buildings would be prioritized over industrial and commercial buildings.

    Mr Upendra Tripathy, secretary in the ministry, said that solar power plants would be viable for heavy consumers even without subsidy as they would reduce power bills. He said that "Subsidies are needed to create demand and the demand is increasing now with a state making it mandatory to install solar power projects, as is the case in Haryana. With the increase in demand, we need to make these subsidies available to a larger audience, which is why they will have to be brought down.”

    Source - The Times of India
  4. forum rang 10 voda 7 januari 2015 16:54
    India could exceed 100 GW solar power target by 2022 - Solairedirect

    Mr Thierry Lepercq, head of French solar company Solairedirect, said that India is likely to exceed its ambitious target of creating 100 GW of solar power by 2022.

    Mr Lepercq said that a combination of government policy which has been pushing up solar capacity through competitive auctions a low cost base, and signs that corporate India was starting to embrace solar as an economically rational energy solution, would mean that capacity could go significantly beyond that quickly.

    India has raised its solar power target from 20 GW to 100 GW by 2022, which would put it well ahead of much of the world, including the current leader Germany, which has around 40 GW of installed solar power and China at 12 GW.

    Mr Lepercq said that “While Indian capacity is currently in the region of 3 GW, with the right policy framework in place India could easily exceed targets. There is considerable flexibility which is only matched by diesel generation. Solar can be deployed very quickly building a dam takes 10 years but developing a solar park, even on a large scale takes 6 months.”

    Source - Business Line
  5. forum rang 10 voda 7 januari 2015 17:24
    2014 was een goed jaar voor zonne-energie

    Gepubliceerd: 07 januari 2015 10:49 | Laatste update: 07 januari 2015 11:12

    Volgens Milieu Centraal ligt de opbrengst van zonnepanelen over het jaar 2014 zo’n 5 procent hoger dan over een gemiddeld jaar.

    Het kalenderjaar 2014 had gemiddeld genomen meer zonuren, waardoor het een goed jaar was voor de eigenaren van zonnepanelen en zonnecollectoren, schrijft EnergieVastgoed.nl.

    Uit berekeningen van voorlichtingsorganisatie Milieu Centraal blijkt dat door dit hogere aantal zonuren de opbrengst van zonne-energie 5 procent hoger was dan in een gemiddeld jaar. Er waren in 2014 ruim 1.800 zonuren, dit waren er ongeveer 200 meer dan gemiddeld.

    Voor een set van zes zonnepanelen van 1.400 watt-piek (met optimale plaatsing) leveren de extra zonuren een meeropbrengst op van 62 kWh.

    Voor heel Nederland is de extra opbrengst vergelijkbaar met het stroomverbruik van ongeveer 13.000 huishoudens, uitgaande van 1 gigawatt totaal vermogen van zonnepanelen in Nederland.

    2014 nog net in de top-tien

    Volgens de statistieken van het KNMI kan het aantal zonuren jaarlijks behoorlijk variëren. Volgens onderstaand staatje was 2003 een echt topjaar, met 2022 zonuren. Het jaar 2014 staat op de tiende plaats, maar wat wel opvalt is dat van de tien jaren met meeste zonuren, maar liefst vier uit het afgelopen decennium stammen.

    och is het aantal zonuren maar een indicatie, want ook de bewolkingsgraad en uiteraard de opstelling van de zonnepanelen (richting, hellingshoek) bepalen de opbrengst. Om de meeropbrengst zoals berekend door Milieu Centraal per huishouden met zes panelen in perspectief te plaatsen levert dit ongeveer 14,- euro op, voor diegenen die kunnen salderen.

    Siebe Schootstra is hoofdredacteur van de sites EnergieBusiness.nl, EnergieOverheid.nl en EnergieVastgoed.nl.

    Met interactive weergegevens tabel (instelbaar) Mooi!

    www.z24.nl/geld/2014-goed-jaar-zonne-...
  6. forum rang 10 voda 11 januari 2015 17:02
    SunEdison to set up 250 MW solar power capacity in India

    Business Line reported that US-based solar energy company SunEdison announced a tie up with India's Omnigrid Micropower Company for setting up 250 MW of solar power generation capacity through 5,000 rural projects in India.

    The projects will come up over the next three to five years at an estimated cost of INR 5,000 crore.

    OMC has already put in place 36 KW micropower plants across India and with the partnership of SunEdison, the two companies aim to quickly provide electricity to 10 million people.

    Mr Ahmad Chatila, President and CEO of SunEdison, said in a statement on Saturday announcing the partnership that "Solar electricity costs have come down dramatically and continue to come down, thus making it a better choice than conventional fossil sources. We don't have to make a false choice between cost and clean power any more. While a 1 GW coal power plant can take 3 to 4 years to be developed and constructed and a nuclear power plant of similar capacity can take 5 to 10 years, a solar photovoltaic power plant can be developed and built in less than a year and can compete on costs."

    Mr Pasupathy Gopalan, President of SunEdison's Asia Pacific Operations, said that the company is already building 60 mini grids across the country and partnership with OMC will provide a further boost to the Indian business of the company.

    Mr Anil Raj and Mr Rohit Chandra, co-founders of OMC Power, said that "Our Renewable Energy Services Company model is a proven and commercially viable approach. Our agreement with SunEdison is a huge step forward both for our company and for the people of rural India."

    Source - Business Line
  7. forum rang 10 voda 12 januari 2015 16:32
    Rajasthan sets to commission 355 MW of solar power plants by April

    IANS reported that the desert state of Rajasthan, which has a high level of solar radiation and large tracts of relatively flat and undeveloped land, is set to commission 355 MW of solar power plants by April as part of its efforts to generate 25,000 MW of the renewable energy in the coming years.

    It will, however, take another 18 to 24 months before the transmission lines are laid.

    Mr Pushpendra Singh, Minister of State for Energy, said that "As of today we hope to commission 355 MW of solar power projects by April. Another five projects of 50 MW are presently in the bidding process and are expected to be commissioned by September."

    Each MW of solar power entails an investment of INR 8 crore.

    Source – IANS
  8. forum rang 10 voda 13 januari 2015 17:08
    SunEdison to invest USD 4 billion to build biggest solar panel factory in India

    Bloomberg reported that SunEdison Inc will invest USD 4 billion to build the biggest solar panel factory in India

    The manufacturer based in Maryland Heights, Missouri, will form a venture with the Indian power provider Adani Enterprises Limited to build the photovoltaic plant, with as much as 7.5 GW of annual production capacity. Construction is expected to begin this year. The new plant in Mundra, Gujarat, will incorporate all stages of solar manufacturing, from polysilicon to cells and panels. Construction will take about 3 years and it will create about 20,000 jobs.

    With some of the quickest-growing carbon dioxide emissions in the developing world, India is under pressure to join in the international fight against global warming. Mr Modi will meet Mr Barack Obama, President of USA, in New Delhi next week where the 2 are expected to discuss climate issues following last year's pact between the US and China to coordinate pollution cuts.

    Mr Pashupathy Shankar Gopalan, MD for South Asia and Sub-Saharan Africa at SunEdison, said that “The prime minister has been revising upwards India's aspirations for solar. The factory very nicely plays into the aspirations for the country to grow solar significantly, as well as wanting to create stronger domestic manufacturing.”

    India is the 3rd largest source of carbon emissions behind the US and China. In December, the government in New Delhi said it could spend at least USD 100 billion on climate-related projects. The targets have made India a fast-growing market for photovoltaics. Demand for solar power in the country this year may triple to more than 3.2 GW. The London-based researcher expects as much as 63.6 GW to be installed worldwide.

    Solar remains a small part of India's energy supply, accounting for 1% of power generation capacity and less than that for delivered electricity, according to the International Energy Agency. Coal supplies 45% of India's energy and about 60% of its electricity.

    Source - Bloomberg
  9. forum rang 10 voda 16 januari 2015 15:50
    Convalt Energy to set up 1,000 MW of solar plants in Karnataka

    Business Line reported that US-based Convalt Energy wants to put up 1,000 MW of solar plants in Karnataka, a solar power plant with a difference.

    The company, founded in 2010 by Mr Hari Achutan, a former Director in the Alternative Investments group of Credit Suisse Asset Management, USA, intends to put up a pumped-storage hydro project along with the solar plant, which is meant to function as an energy storage instrument.

    A memorandum of understanding to facilitate this was signed between the company and the government of Karnataka, at Vibrant Gujarat event.

    Mr Hari said that Convalt had 'started work' on the projects and issues such as land and buyers of power would be finalised over the next 2 to 3 months.

    He said that work on construction of the projects will begin in 2016 and the 1,000 MW would be completed in a '3 year time frame.'

    He added that the idea was to sell the power to both state-owned electricity distribution companies as well as other, private sector consumers. The computing industry is a major consumer of power. Convalt was talking to many multinational corporations in Bengaluru to sell power.

    In terms of its promoter and management team, Convalt is by itself a multinational company, with the Indian-American, Mr Hari, as the Chairman and CEO, and the top team including a Thai, a Swiss and a Swede.

    The top management team also includes Mr Thirumoorthy Ramachandran, who has worked for L&T and Sterling & Wilson and Mr K M Balasubramanium, a former employee of Dodsal Limited and Punj Llyd. Mr Ramachandran is the head of India operations and Balasubramanium is the Director-Operations for India. The gjroup of advisors of Convalt includes Mr M S Ramachandran, a former CMD of Indian Oil Corporation.

    Mr Hari said that Convalt was interested also in buying wind assets in India.

    Source – Business Line
  10. forum rang 10 voda 16 januari 2015 15:53
    Solar power producers seek changes in Centre's policy

    Business Line reported that solar power sector players are waiting for changes in Centre's policy such as treating it as a priority sector and encouraging domestic content under the ‘Make in India' policy to accelerate the pace of implementation of solar farms.

    After about four years of the Centre's push, India has barely 3,500 MW of solar power generation capacity. India had a target of achieving 20 GW installed capacity by 2020 but this was revised to 100 GW by 2022.

    Mr Narendra Surana, President of Indian Solar Power Producers Association, said that “If this target has to be achieved, we need to implement at least 15,000 MW to 20,000 MW every year. This would require Centre's support in terms of policy.”

    He said that the association has written separate letters to the Prime Minister, Finance Minister and Power Minister ahead of the Budget preparation seeking their intervention in providing impetus by addressing the solar power sector's issues. If solar power generation is declared upriority sector lending, the rate of interest would come down by 2% to 3% to about 10%, like for home and other loans. Such a move would make solar plants bankable and accelerate the project implementation and growth of the sector. If the Reserve Bank of India instructs bankers to treat solar projects under priority sector, the interest will come down from 13% to 13.5% to 10%.

    Referring to procurement, the association is keen that the modules be procured from manufacturers in India.

    Once this is done, the manufacturing capacity of 5,000 MW created in the country will be utilised. Apart from job creation, this would encourage foreign companies to set up module facilities in the country.

    Source – Business Line
  11. forum rang 10 voda 21 januari 2015 18:24
    New Sources Energy boekt verlies

    WOENSDAG 21 JANUARI 2015, 18:01 uur | 119 keer gelezen

    LAREN (AFN) - New Sources Energy (NSE) heeft afgelopen boekjaar een nettoverlies geleden van 77.000 euro. Dat maakte de beursgenoteerde onderneming woensdag bekend.
    Het verlies was daarmee in 2013/2014 groter dan in het voorgaande boekjaar, waarin het bedrijf 61.000 euro verloor. Het verlies komt door algemene en beheerskosten. De onderneming realiseert vooralsnog geen omzet.

    NSE herhaalde de ambitie om “binnen afzienbare tijd” nieuwe activiteiten in te brengen, die betrekking hebben op het exploiteren van duurzame energievormen en die zijn gerelateerd aan maatschappelijk verantwoord ondernemen. NSE trok eind vorig jaar kapitaal aan voor de aanschaf van Duitse solarparken.

  12. forum rang 10 voda 24 januari 2015 17:02
    Desert Sunlight PV Plant Comes Online

    01/16/2015 | Thomas Overton

    The 550-MW Desert Sunlight solar photovoltaic (PV) plant near Riverside, Calif., which matches MidAmerican’s Topaz Solar project for the largest solar plant in the world, began commercial operations in December, according to the California Independent System Operator.

    Developed and built by First Solar, and owned by NextEra, GE Energy Financial Services, and Sumitomo, Desert Sunlight sells its power to Pacific Gas & Electric (PG&E; 300 MW) and Southern California Edison (250 MW) under 25-year power purchase agreements. It was developed with the help of a $1.46 billion loan guarantee from the Department of Energy.

    Topaz Solar near San Luis Obispo, which also sells its power to PG&E, entered operations in November 2014, according to the project web site.

    The two plants will not hold their title for long, as another large PV project in California is nearing completion and expected to begin operations this year. The 579-MW Solar Star project in Antelope Valley, also owned by MidAmerican and developed by SunPower, has about 412 MW of its capacity online, with the rest expected by fourth quarter 2015.

    California has been adding solar PV capacity at a breakneck pace as utilities plan for the state’s 33% by 2020 renewables mandate. The state added almost as much PV generation in the third quarter of 2014 as the rest of the country combined. Though development had slowed as the target appeared in reach, the recent announcement from Gov. Jerry Brown that he will seek to raise the target to 50% by 2030 is expected to restart the development frenzy.

  13. forum rang 10 voda 24 januari 2015 17:10
    California Governor Wants to Raise State’s RPS Target to 50%

    01/07/2015 | Thomas Overton

    With California already on track to meet its goal of getting 33% of its electricity from renewable sources by 2020, Gov. Jerry Brown announced on Jan. 5 that he would seek to raise the renewables portfolio standard (RPS) target to 50% by 2030.

    In his inaugural speech opening his fourth term (he previously served from 1974 to 1982 before being reelected in 2010), Brown laid out an aggressive plan to maintain the state’s lead in shifting to a carbon-free economy.

    “Taking significant amounts of carbon out of our economy without harming its vibrancy is exactly the sort of challenge at which California excels,” Brown said. “This is exciting, it is bold and it is absolutely necessary if we are to have any chance of stopping potentially catastrophic changes to our climate system.”

    Brown’s plan rolls together a variety of green initiatives: more distributed energy, more battery storage, more smart grids, more electric vehicles, and more energy efficiency—doubling the efficiency of existing buildings. Brown also wants to cut the state’s oil usage in the transportation sector 50% by 2030.

    Brown readily acknowledged the challenges in such a goal. “How we achieve these goals, and at what pace, will take great thought and imagination mixed with pragmatic caution. It will require enormous innovation, research and investment. And we will need active collaboration at every stage with our scientists, engineers, entrepreneurs, businesses and officials at all levels,” he said.

    Politically, at least, the challenges may be limited, because Democrats control both houses of the state legislature by large margins. Brown has had little trouble getting his agenda passed into law thus far.

    What the effects on the state’s economy might be, however, are not clear. California already pays some of the highest electricity rates in the country, though total electric bills are actually below average because of the success of prior energy efficiency measures. AB32, the state’s much-heralded cap-and-trade system to reduce carbon emissions, has so far not been the economic disaster its critics predicted it would be. Brown asserted, “We are well on our way to meeting our AB 32 goal of reducing carbon pollution and limiting the emissions of heat-trapping gases to 431 million tons by 2020.”

    One sector sure to benefit from the new target is the state’s booming rooftop solar industry. California in 2014 installed more solar photovoltaic capacity than any other state by far, and in the third quarter installed almost as much as the rest of the country combined, according to data from the Solar Energy Industries Association and GTM Research.

  14. forum rang 10 voda 25 januari 2015 15:10
    Fortum launches a 10 MW solar PV plant in Madhya Pradesh

    Times of India reported that Fortum, a leading Finnish utility, has recently launched its 10 MW solar PV plant in Madhya Pradesh. It is the first greenfield solar project commissioned under the Jawaharlal Nehru National Solar Mission Phase II.

    The power plant will be operating based on a PPA signed by Fortum for 25 years with the Solar Energy Corporation of India. The ceremony was attended by Mr Ashvini Kumar, MD and Mr Mridul Khare, Deputy Commissioner of New and Renewable Energy, Madhya Pradesh.

    The 10 MW solar power plant spreads over about 70 acres in Kapeli, District Ujjain. Fortum has adopted a thin-film CdTe technology with more than 1,25,000 modules mounted on fixed tilt structures and 15 central invertors, which allows for better control of carbon footprint, water use and energy payback time. This solar plant is Fortum's second investment in the Indian solar sector. The 10 MW solar plant shall offset more than 18000 tonne of CO2 emissions equivalent annually.

    Mr Ashvini Kumar, MD of Solar Energy Corporation of India, said that "Fortum is renowned across the globe for their expertise in sustainable energy. We have started to witness a similar replication in India, with their commitment towards promoting solar energy. This is evident through their fast-track project implementation model and it is our pleasure to congratulate them for the completion of the first project under JNNSM Phase II.”

    Mr Mridul Khare, Deputy Commissioner of New and Renewable Energy, Madhya Pradesh, said that "We are proud to say that this plant has become the first plant to be commissioned under this phase of NSM. I believe, the state's overwhelming support has made it leading contributor to India's solar mission and would play a significant role in the era of solar energy revolution in the country."

    Mr Sanjay Aggarwal, MD of Fortum India, said that "We have always been committed towards sustainable energy, which we believe will bridge the demand-supply gap in the nation's energy landscape. We commend MNRE & SECI and authorities of Madhya Pradesh and other officials involved in the administrative procedures, for quick turnaround on regulatory approvals and grid connection process as well as for their guidance and support. We take pride as we are the first amongst all the project to be commissioned, under JNNSM Phase II."

    With the 10 MW solar PV plant in Madhya Pradesh Fortum's solar portfolio has increased to 15 MW. The company's ambition is to build a platform for future growth with solar technology offering a clearly interesting opportunity for sustainable and CO2-free energy production.

    Source – Times of India
  15. forum rang 10 voda 27 januari 2015 16:35
    Andhra Pradesh to promote roof-top solar energy in a big way

    The Hindu reported that plans are afoot to promote roof-top solar energy generation in a big way in Andhra Pradesh and achieve a target of at least 5,000 MW over the next 5 years.

    With Government of India setting a target of 40,000 MW for roof top solar energy generation out of total solar power of 1 lakh MW over the next 5 years across the country, New and Renewable Energy Development Corporation of Andhra Pradesh wants all domestic, commercial, industrial and government buildings to install solar power panels.

    Mr Kamalakar Babu, vice-chairman and MD, said that the Corporation would soon take up with Mr N Chandrababu Naidu CM of AP to instruct all government offices to take the lead in this regard from panchayat to State level. He said that an energy audit of government offices in West Godavari district revealed that about 50% of energy could be saved if they switched over to solar power.

    In view of the skilled manpower required for installation of solar power panels, NREDCAP had recently signed a MoU with Gujarat Energy Research and Management Institute to train youth from Andhra Pradesh. Youngsters, who hold diploma from ITIs and those who completed SSC would be sent to Gujarat for national certification course on solar roof top installation. Officials from GERMI would also visit AP to impart training.

    Referring to domestic roof top solar energy generation, Mr Kamalakar said that typically a 3 bedroom house would require solar energy of 3 KW, which would cost about INR 3 lakh. The Government of India would provide 15% subsidy while the rest would have to be borne by the house owner.

    A major advantage for such house-owners would be that they could sell the extra power to discoms and it would be pumped into the grid. At the same time due to energy mix, his power bill would come down and they would be contributing to overall improvement of the environment.

    He said that NREDCAP would also take up with the officials concerned the need to have roof top solar power for the houses constructed by the government.

    Source - The Hindu
  16. forum rang 10 voda 27 januari 2015 16:35
    Mr Obama offers to help finance India's ambitious solar energy goals

    Reuters reported that Mr Barack Obama, President of USA, offered to help finance India's ambitious solar energy target and sought Mr Narendra Modi's, PM of India, support at global climate talks in Paris later this year.

    India is the world's 3rd largest greenhouse gas emitter and often acts as the voice of the world's developing countries in United Nations talks on everything from climate change to economic cooperation.

    It is reluctant to commit to emission targets on the ground that this could hinder economic growth, which is vital to lifting millions of Indians out of poverty. Instead, Mr Modi has made it a priority to expand India's renewable energy capacity and lessen the need for polluting fossil fuels.

    Mr Obama said in a joint press conference with Mr Modi on the first day of his 3 day visit to New Delhi that "We very much support India's ambitious goal for solar energy, and stand ready to speed this expansion with additional financing."

    India is seeking investments of USD 100 billion over 7 years to boost the country's solar energy capacity by 33 times to 100,000 MW.

    The United Nations asked governments on Thursday to submit plans to cut greenhouse gas emissions as the building blocks of a deal due in Paris in December to limit global warming, after scientists said 2014 was the hottest year on record.

    Mr Obama said that "The prime minister and I made a personal commitment to work together to pursue a strong global climate agreement in Paris. As I indicated to him, I think India's voice is very important on this issue."

    Mr Modi said that a deal between Washington and China committing to a peak year for emissions did not put pressure to do the same on India, where industrialisation is far behind its larger neighbour and where hundreds of millions have no electricity.

    The US Export-Import Bank is exploring projects for a USD 1 billion clean energy financing for companies willing to ship equipment from the United States to India.

    First Solar and SunEdison Inc are 2 US solar companies that already have sizeable businesses in India and together with local firms, are expected to invest USD 6 billion in India in the fiscal year to March 31st and USD 14 billion in the next fiscal year.

    The White House Press Office said in a statement after the summit that to further mobilize private capital for the clean energy sector, the US Agency for International Development will install a field investment officer in India this summer.

    Source - Reuters
  17. forum rang 10 voda 27 januari 2015 16:40
    Indian renewable energy investments to cross USD 10 billion this year

    According to analysis of research firm Bloomberg New Energy Finance, growing interest in India’s new and renewable energy sector could see investments of over USD10 billion this year, the highest in four years.

    Mr Ashish Sethia, Head of South and Southeast Asia at Bloomberg New Energy Finance, said in statement that “Interest in India from domestic and foreign investors has grown in the last 6 months. Early signs of policy interventions are positive.”

    Already Germany’s KfW has committed to provide a loan of EUR 1 billion to Power Grid Corporation for strengthening India’s transmission network to carry more renewable energy.

    Investments in new and renewable energy in India jumped to USD 7.9 billion in 2014, a 13% growth over 2013 indicating that the new government’s initiatives in the sector is gaining traction amongst investors.

    The growth in 2014 was a turnaround after investments had dropped 10% YoY in 2013.

    Source - www.indianpowersector.com
  18. forum rang 10 voda 4 februari 2015 16:52
    India can conserve 1 lakh MW solar energy by 2020 - Mr Javadekar

    Mr Prakash Javadekar, State for Environment, Forest and Climate Change of Minister, said that India can conserve one lakh megawatts of energy via solar power by the year 2020, energy efficiency is a pressing concern for the nation.

    Mr Javadekar speaking at conference on India's climate policy said that “India can achieve the target of conserving 100,000 MW of solar energy by next 5 years. Energy efficiency should become the way of life for all Indians.”

    He said that “The government has identified 17 critically polluting sectors. The ministry has also mandated stringent rules for cement industries to lessen the pollution. The government plans to engage 3206 units to put in place the monitoring devices on the affluent discharge points and on chimneys of the industries to check the level of pollution.”

    Source - www.dnaindia.com
  19. forum rang 10 voda 4 februari 2015 16:53
    World Bank to lend USD 500 million to PGCIL for strengthening solar transmission

    According to a senior executive of the state-owned company, the World Bank is likely to disburse USD 500 million to the Power Grid Corporation of India for strengthening solar transmission.

    The executive, who did not want to be named, said that "The World Bank has expressed its intent to give the loan. The development is in the initial stage and talks are still going on. We expect to finalise this in three to four months."

    He said that “6 or 7 solar projects with a combined capacity of 7,000 MW will be added to the main grid.”

    The World Bank loan will provide impetus to the government's plan of generating 100,000 MW from solar energy by 2022.

    The executive said that the entire loan amount is expected to be disbursed over 3 years, with the first tranche likely in 6 to 8 months, several solar projects will benefit from the funds.

    He said that list of projects that will benefit from the loan is yet to be finalised.

    According to the executive, the loan, which will have a moratorium for 5 years, will have to be repaid in 15 years at around the same rate of interest at which the World Bank lends to developing countries.

    The Narendra Modi government has been emphasising a shift to renewable energy with a thrust on solar power generation so as to reduce the country's dependence on fossil fuels for its energy needs.

    India depends mostly on coalbased thermal power for meeting its energy requirement.

    Thermal power accounts for 59% of the country's total installed power generation capacity.

    The country's green energy plan has also won support from Mr Barack Obama, President of USA.

    Source – Economic Times
  20. forum rang 10 voda 5 februari 2015 16:54
    TATA group to set up a 100 MW solar plant in Telangana

    The TATA group has shown interest in setting up a 100 MW solar power plant in Telangana. A Government official said that “The group has expressed interest in renewable energy opportunity too. It also agreed to participate in a Greenfield township project at an appropriate location.”

    The group will send a team with top executives to the State to discuss modalities for collaboration in some projects.

    A team headed by Mr K T Rama Rao, Telangana IT and Panchayat Raj Minister and Mr Harpreet Singh, Principal Secretary IT, have met the top brass of the group including Mr Cyrus Mistry, Chairman of TATA Sons, in Mumbai.

    The Telangana delegation made a presentation on the opportunities available in the new State for investments. It also explained on the new Industrial Policy.

    The TATA team included Mr Anil Sardana (TATA Power), Mr Sanjay Ubale (TATA Realty and Infrastructure), Mr Vinayak Deshpande (TATA Projects), Mr Puneet Sharma (TATA Capital), Mr Sukaran Singh (TATA Advanced System), Mr R Ramanan (CMC), Mr Sumit Sapru (TATA Housing), Mr Ravi Pishaordy (TATA motors) and Mr N Srinath (TATA Teleservices).

    The official said in a statement that “The TATA Sons Chairman committed support of TCS for the upcoming T-Hub project. He also assured to look into the possibility of TATA Innovations Fund picking equity in the project.”

    Source – Business Line
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