Search Result for : Solar Power Generation

By Abin Daya The power sector in India is one which has been classified as a ‘negative’ industry by a number of lenders due to the woes surrounding ailing thermal power producers. However, the renewable energy segment was always looked upon favourably due to the phenomenal growth exhibited in the past few years. This segment too might be going through a period of change as we see in this week’s update. While wind energy might be looking at a period of slow growth, changes in duty structures are what the solar power generators might have to encounter. On the infrastructure side, some good news for developers who have been trying to avail financing for projects under the Hybrid Annuity Model. While lenders ...

The Dollar Business Bureau The Indo-US cooperation is in a new phase, with US agency USAID announcing 5 new partnerships that would enhance the cooperation that US intends to help India in the field of renewable energy (RE). These 5 new partnerships are in the fields of climate change, clean energy, and environment. The transition is aimed to usher in a low-emission and energy-secure India. Of the 5 new partnerships announced by USAID, 4 are with governmental agencies. This was revealed to the media by USAID Assistant Administrator Jonathan Stivers, who said, "USAID welcomes and appreciates this historic opportunity to play a useful role in Indias path forward." Johnathan was in India representing his agency at the second US-India Strategic and Commercial Dialogue. Detailing ...

PTI  Multi-lateral lender World Bank today announced funding support of USD 1 billion for expansion of solar power capacity in India. It also signed an agreement with the International Solar Alliance (ISA), consisting of 121 countries led by India, to collaborate on increasing solar energy use across the world, with a goal of mobilising USD 1 trillion in investments by 2030. The pact, which was signed in the presence of Finance Minister Arun Jaitley, Power Minister Piyush Goyal and visiting World Bank Group President Jim Yong Kim, establishes the multilateral lending agency as the financial partner for ISA. The World Bank also announced that it plans to provide more than USD 1 billion to support India's ambitious solar ...

The Dollar Business Bureau The Minister of State for Power, Coal and New and Renewable Energy Piyush Goyal addressing at the Enrich 2015 - KPMG in India’s Annual Energy Conclave, in New Delhi on Monday.     India is expected to be self-sufficient in energy production by 2017 and will no longer have to import coal to meet its domestic requirement, except for the costal power plants, Coal and Energy Minister Piyush Goyal said on Monday. Speaking at the ENRich 2015, India’s annual energy conclave organised by KPMG, Goyal said, “By 2017, India should not need to import thermal coal except for the coastal power plants. Era of shortages is over in coal sector.” Goyal stressed that India’s economy will register a ...

 The Dollar Business Bureau In view of the upcoming Paris Conference 2015on climate change, India urged the developed countries to announce their pre-2020 action plans saying, ‘It will be ironical that we formulate post-2020 architecture without finalizing pre-2020 action plan.’ A statement in this regard was made by Prakash Javadekar, Minister for State (Independent Charge) of Environment, Forest and Climate Change, on Monday. Addressing the Sixth Petersberg Climate Dialogue at Berlin, the Indian Minister said, “The developed countries should present their ambitious targets for pre-2020 action and roadmaps for the same well before Paris.” Ambitious pre-2020 actions of developed countries will create the carbon space for the developing world, as every poor person has the right to equitable access ...