Environment & Energy Publishing Solar policy on anvil but low price will be key to success Times of India GURGAON: The utopian dream of a city run entirely on renewable energy sources is no more passed around as casually as it once was.
Economic Times Agri companies now prefer solar powered products in rural India Economic Times Mahindra group recently announced its entry in the solar equipment business with a new division 'Ekosol' with its core market being rural India.
India among top 7 nations projected to add solar units mydigitalfc.com Raj Prabhu, CEO and co-founder of Mercom Capital Group, said that the market conditions are as stable as they can be in the historically volatile solar industry.
India's Ministry of New and Renewable Energy is seeking to defer penalties on about $1 billion of solar-thermal power projects that are delayed by a lack of water, financing difficulties and equipment shortages.
Seven projects totaling 470 megawatts in capacity by companies including by Godawari Power and Ispat Ltd., Reliance Power Ltd. and Lanco Infratech Ltd. that were to be ready by May, aren’t operational, Tarun Kapoor, joint secretary at the ministry, said in a phone interview from New Delhi. The projects could potentially forfeit about 2.3 billion rupees ($42.5 million) in performance guarantees, according to rules when the contracts were awarded in December 2010.
“There’s obviously a problem since all are delayed,” Kapoor said. “This is the first time solar-thermal projects are being built in India and we want them to succeed.” An expert committee at the ministry is recommending a 10-month extension for the projects, he said.
The delays are another blow to the solar-thermal industry suffering from high costs. France’s Areva SA had to scrap plans for a A$1 billion complex in Australia in November after failing to get financing. In contrast, a competing technology, solar photovoltaic, has benefited from a 61 percent plunge in panel costs over the past two years, according to data compiled by Bloomberg.
Solar-thermal plants, which focus sunlight on liquids to produce steam and drive turbines, are valued for their ability to store energy and produce power around the clock. Photovoltaic panels convert sunlight directly into electricity and need batteries for storage.
The New Town Kolkata development authority (NKDA) is planning to introduce net metering system to encourage consumers to install solar panels and is also planning to procure electric scooters to be run in short distances in the township.
An Indian and a French company have come together to set up solar power plants on water bodies, in the eastern part of India. ("Ciel et Terre",France signsMoA w/Indian Klystron Electronics to build floating solar pv plants in India.
India solar: Slight fall in performance of PV plants in November 2013 solarserver.com India's Ministry of New and Renewable Energy (MNRE) has released performance data for solar photovoltaic (PV) plants commissioned under phase 1 of India's...
Policy to Promote Solar Energy The New Indian Express The seven-member committee headed by Joint Secretary, Energy department, Sangamjit Nayak will examine the draft policy prepared by the Science and Technology department and solicit opinion of...
ETF Trends Solar ETF Shines as India Plan's Largest Plant ETF Trends Although India, Asia's third-largest economy, does not yet have an indigenous solar industry par with that of China or the U.S., the country has been steadily boosting its solar...
Should we continue to invest in large, grid-based solar projects, which feed the already fed? Or should be find innovative ways of upscale decentralized solar energy -- rooftop panels and mini-grids -- to reach the remote ...
India solar industry map revealed PV-Tech The engineering, procurement and construction (EPC) division of India's solar market is 40% dominated just three EPC companies – Moserbaer, Welspun Urja and Lanco Solar.
Call for Japan and EU to be included in India solar dumping probe PV-Tech The inclusion of Japan and the EU into the investigations would mean companies such as Sharp, Solar Frontier, Solibro and others come under scrutiny for allegedly selling...
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