Renewable-Energy-Capacity-Projected-to-Surge-to-170-GW-by-March-2025-Predicts-ICRA

Renewable Energy Capacity Projected to Surge to 170 GW by March 2025, Predicts ICRA

New Delhi: The installed Renewable Energy (RE) capacity in India, excluding large hydro plants, is set to witness a substantial increase, reaching 170 GW by March 2025 from its December 2023 level of 135 GW, as per the assessment of rating agency ICRA released on Friday. ICRA highlighted that this growth is expected to significantly…

Government Alters Electricity Act to Boost Electric Vehicles and Solar Panels

Government Alters Electricity Act to Boost Electric Vehicles and Solar Panels: Detailed Overview

The Indian government has implemented significant revisions to the electricity Act in a concerted effort to promote the adoption of electric vehicles (EVs) and solar energy solutions. R. K. Singh, the Union Minister for Power and New & Renewable Energy, has highlighted that these amendments aim to streamline the installation process of rooftop solar systems.…

Greenko

Greenko Group to build 975-MW renewables complex in India

Hyderabad-based Greenko is one of India’s leading Renewable Energy companies, replacing fossil fuels with integrated decarbonized energy and grid assets enabling sustainable and affordable energy, with a net installed capacity of 7.5 GWdc across 15 States in India will build a 975-MW round-the-clock renewable energy complex in India for steel and mining giant ArcelorMittal SA,…

Solar Industry

Domestic Industry shooting up high in their production capacity amidst reforms and tariff safeguards

AISIA has urged Power and New & Renewable Energy Minister R K Singh that structural safeguards and tariff-based barriers are needed for domestic manufacturing to gain a foothold and establish itself. The body highlighted that the (solar equipment) “domestic manufacturers run their plants at 30 per cent capacities and incur huge unbearable losses.” Industry body…

Development of Solar Parks and Ultra Mega Solar Power Projects

Development of Solar Parks and Ultra Mega Solar Power Projects

Objective: Solar power projects can be set up anywhere in the country, however the scattering of solar power projects leads to higher project cost per MW and higher transmission losses. Individual projects of smaller capacity incur significant expenses in site development, drawing separate transmission lines to nearest substation, procuring water and in creation of other…

Ministry of Power Recommends Uniform Slab of 5% GST on all Renewable Energy Components

The Ministry of Power (MoP) informed that it would be writing to the Department of Revenue recommending a uniform slab of 5% goods and services tax (GST) on all renewable energy components nationwide. In this regard, MoP, during a meeting under the Chairpersonship of CEA, had requested renewable energy associations and developers to furnish the…

Top Utility-Scale Solar Developers in First Half of 2020: Hero, SB Energy, Aditya Birla

Hero Future Energies, SB Energy and Aditya Birla emerged as the top utility-scale solar project developers in India in terms of installed capacity in the first half (1H) of the calendar year (CY) 2020, according to recently released report India Solar Market Leaderboard 1H 2020. Together, these three solar developers accounted for nearly 64% of…

Global energy transformation: A roadmap to 2050

Increased use of renewable energy, combined with intensified electrification, could prove decisive for the world to meet key climate goals by 2050. This study from the International Renewable Energy Agency (IRENA) highlights immediately deployable, cost-effective options for countries to fulfil climate commitments and limit the rise of global temperatures. The envisaged energy transformation would also…

Increase-Solar-Energy-Generation-solar-chronicle

Measures to Increase Solar Energy Generation by Indian Government

The Government have taken, inter alia, following steps to increase solar energy generation in the country: In last three years, Ministry has not sanctioned any Model Solar City. (i) Announcement of a target of installing 100 GW of solar energy capacity by December, 2022. (ii) Waiver of Inter State Transmission System (ISTS) charges and losses…

India-Wind-Project-solar-chronicle

Indian Ministry awarded Wind Power Projects of 12,162.50 MW Capacity so Far

Wind power projects are set up in the country, including in the state of Rajasthan, on the basis of commercial principles taking into account wind resource, land availability, transmission infrastructure, etc. So far, bids for 15,100 MW of wind power projects have been issued, out of which projects of 12,162.50 MW capacity have been awarded.…