Solar Imports Declined, Exports Surged in 2019
In the calendar year (CY) 2019, India imported solar cells and modules worth $2.17 billion, a drop of almost 16% compared to CY 2018. In CY2018, the Indian solar sector ...
Component Manufacturers in Renewable Industry Need More Support: Sungrow Interview
Solar inverter manufacturers have not had the easiest of times in the Indian market lately, given an uncertain policy environment and rising competition from foreign players. The ambiguity of the ...
Economic Survey 2020: India on Track to Meet its Renewable Target
The Ministry of Finance’s Economic Survey for 2020 highlighted the government’s efforts to push for renewable energy and fight climate change in 2019. It, however, did not make any comments ...
EXIM Bank Lends $35.8 Million for Solar DG Hybrid PV Systems in the Republic of Suriname
The Export-Import Bank of India (EXIM Bank) has extended a line of credit (LC) of $35.80 million (~₹2.54 billion) to the Republic of Suriname. This line of credit comes as ...
Privatizing DISCOMs the Way Out of their Financial Mess
The Indian power sector has been reeling under enormous financial pressure over the last few decades. Distribution companies (DISCOMs), a crucial part of the power sector, have been at the ...
New Renewable Energy Platform O2 Power to Build 4 GW of Solar and Wind Projects in India
Swedish private equity company EQT Infrastructure and Singapore-based holdings company Temasek have announced the launch of O2 Power, their renewable energy platform in India. According to a press statement from ...
Amazon India to Add 10,000 Electric Vehicles in its Delivery Fleet by 2025
E-commerce giant Amazon India has announced that its fleet of delivery vehicles in the country will include 10,000 electric vehicles (EVs) by 2025. The fleet will include three-wheeler and four-wheeler ...
First Loss Protection Can Open up Third-Party Rooftop Solar Market
The rooftop solar market slowed down significantly in 2019 along with regulatory hurdles and the overall downturn in the economy – it has yet to recover. Because of the liquidity ...
Haryana, Karnataka, Kerala Emerge as Top States for Energy Efficiency
The Ministry of Power (MoP) has announced the release of its ‘State Energy Efficiency Index 2019’ report, which keeps tabs on the progress made by the Indian states and union ...
Solar REC Trading Volume Improved in December 2019
In December 2019’s renewable energy certificate (REC) trading session, there was a significant increase in the number of solar RECs that were traded when compared with the previous month of ...
Tata Motors Announces the Launch of Electric SUV – Nexon EV
Tata Motors has announced Nexon EV, its first long-range electric sports utility vehicle (SUV) in the country, and has scheduled it to be launched in January 2020. The electric vehicle, priced ...
China, US, and India Added 9.4 GW of Solar in Q3 2019
The top 3 solar markets in the world - China, the U.S., and India collectively added 9.4 GW of solar in Q3 of 2019. The U.S. solar market installed 2.6 ...
Import of Solar Cells and Modules Drop and Exports Rise in the First Nine Months of 2019
In the first nine months (9M) of 2019, India imported solar cells and modules worth $1.6 billion (~₹115.7 billion), a drop of around 22% compared to 9M 2018. However, exports ...
Central Electronics Limited Tenders for 1 Million Multicrystalline Solar Cells
Sahibabad-based public sector enterprise, Central Electronics Limited (CEL), has announced a tender for the supply of one million multi-crystalline solar cells on a fixed price basis. According to the tender, ...
2019: A Year of Positive Momentum for India’s EV Sector
The electric vehicle sector in India saw a lot of positive moves in 2019, with the launch of FAME India – II, introduction of tax exemptions for buyers, subsidies for ...
Letter of Credit Has not Been Effective as Payment Security for Solar Developers
To tackle the risks related to delays in payments to independent power producers, the Ministry of Power (MoP) recently mandated state-owned distribution companies (DISCOMs) to issue a letter of credit ...
Public Health Department in Rajasthan Announces Tender to Install 520 Solar Pumps
The Public Health Engineering Department (PHED) of Rajasthan has floated tenders for setting up solar-based water pumping systems in the state. The PHED has issued three different tenders for the ...
Ather Energy to Set Up EV, Lithium-ion Battery Manufacturing Facility in Tamil Nadu
Ather Energy has announced that it has signed a memorandum of understanding (MoU) with the government of Tamil Nadu to set up a two-wheeled electric vehicle and lithium-ion battery manufacturing ...
Month in a Minute: Important News Snippets from India’s Renewable Sector in November 2019
For the domestic renewable industry, November was a busy month on the investment front. There were several important funding announcements in the Indian renewable sector, along with technological developments and ...
ADB Approves $250 Million to EESL to Assist its Energy Efficiency Program in India
The Asian Development Bank (ADB) has sanctioned a loan of $250 million as a part of the assistance package to the Energy Efficiency Services Limited (EESL). The loan will help ...
Andhra High Court Stays APERC’s Public Hearing to Revise Solar Tariffs
The Andhra Pradesh high court has stayed the notice issued by the Andhra Pradesh Electricity Regulatory Commission (APERC) for public hearings to revise solar tariffs. The APERC was expected to ...
Traded Volumes of Solar RECs Witness 45% Decline in November 2019
In the November 2019 renewable energy certificate (REC) trading session, there was a significant decrease in the number of solar and non-solar RECs that were traded when compared with the ...
Maharashtra DISCOM to Pay ₹7 Million as Delayed Payments to Three Wind Generators
The Maharashtra Electricity Regulatory Commission (MERC) has directed the Maharashtra State Electricity Distribution Company Limited (MSECDL) to clear its outstanding dues with three wind developers in the state, including interest ...
Nemji Solar Plans to Start 1 GW Solar Module Manufacturing Unit Next Year
Nemji Solar, a new entrant into the solar industry has announced that it plans to start operating a 1 GW solar module manufacturing facility by April 2020. The Gujarat-based company ...
Haryana DISCOMs to Allow Net Metering Until Rooftop Solar Capacity Reaches 500 MW
The Haryana Electricity Regulatory Commission (HERC) has issued an updated version of its regulations for rooftop solar grid-interactive systems based on net metering in response to a petition filed by ...
