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A few policy tweaks would boost renewable energy investment, says IEEFA India

By : Sustainability ..., Feb 14, 2020

A number of recent policy positions have undermined growth in India’s renewable energy sector. However, a course correction now can put the country back on track to reach the ambitious “450 GW by 2030” renewable energy target—finds a new report by the Institute for Energy...

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Tamil Nadu: Manufacturers raise concerns over central govt’s announcement on solar pumps

By : Sustainability ..., Feb 12, 2020

Pump manufacturers from the city say they have little to cheer about the announcement in Union Budget that the central government would provide funds to 20 lakh farmers to set up solar pumps. Finance minister Nirmala Sitharaman had announced in the Union Budget on February 1...

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Govt set to privatise solar products manufacturer CEL, invites bids by March 16

By : Sustainability ..., Feb 11, 2020

The government is set to privatise Central Electronics Ltd, a CPSE under the Department of Science and Technology, by selling its 100 per cent stake with management control and has invited the Expression of Interest for the same by March 16. The selected bidder will be...

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Energy firms cry foul over hike in customs duty on solar equipment

By : Sustainability ..., Feb 3, 2020

Solar power developers in India are crying foul over the government’s move to raise tariffs on imports of green energy equipment such as solar cells and modules in the budget. The step is aimed at driving local manufacturing of such equipment and discouraging low-quality...

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MNRE recommends imposition of basic customs duty on imported solar cells and modules

By : Sustainability ..., Jan 23, 2020

The Ministry of New and Renewable Energy (MNRE) has recommended to its commerce and finance counterparts to impose basic customs duty on the imports of solar cells and modules mainly from China. "We have recommended to the Ministry of Commerce and Ministry of Finance that the...

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Azure Power to invest $3.7 billion to set up 4 GW capacity by 2024-25

By : Sustainability ..., Jan 21, 2020

Solar power producer, Azure Power, is planning to invest about $3.7 billion by the end of financial year 2024-25, the company said in an investor briefing. According to its capex forecast, it will make investment in a range between $2.6 billion and $3.7 billion from 2020-21...

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Govt forms team to certify facilities of solar power equipment makers

By : Sustainability ..., Dec 16, 2019

India has set up a team to certify all solar power generation equipment makers who want to do business in the world’s largest green energy market. The move aims to boost domestic manufacturing and protect its domestic companies from cheap and sub-standard imports....

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Maharashtra: Solar power manufacturers seek relaxation in MERC norms

By : Sustainability ..., Dec 16, 2019

An umbrella organization of over 1,000 solar system manufacturers from Maharashtra has sought the help of Centre in relaxing proposed draft regulations of the Maharashtra Energy Regulatory Commission (MERC). Maharashtra Solar Sanghthan, the apex body of such manufactures, on...

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After months of gloom, govt’s mega solar offering soars

By : Sustainability ..., Nov 14, 2019

The government’s latest offering of solar power projects based on indigenous kits attracted bids for twice the 1,000 MW capacity offered by state-run SECI (formerly Solar Energy Corporation of India) Ltd on Thursday, marking a revival in investor sentiment as a result of...

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Tata Power bags 105 MW floating solar power project in Kerala

By : Sustainability ..., Sep 27, 2019

Tata Power Solar has won the bid for 105 MW floating solar energy project in Kerala. The project will be executed on a reservoir of NTPC at Kayamkulam in Alappuzha district of the state, and will be commissioned not later than 21 months, a company statement said. "Floating...

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