IEA is predicting that renewable energy capacity is set to grow a massive 50% over the next five years till 2024 from around 2500 GW now, to 3750 GW by 2024. About 60% of this increase will come from solar power that means almost 150 GW of solar power a year coming from PV. This […]

Low prices for solar projects have been a phenomenon that we have seen over the past 2-3 years with ever new record lows being bid for solar auctions across the world. After some records, it has lost the surprise factor. However, a recent bid of 1.7 cents/kWh seen in Dubai has again surprised industry watchers […]

Despite numerous efforts by the government, the Indian solar manufacturing industry has not really seen any major investments in the last couple of years. The SECI tender which links setting up of manufacturing capacities along with the carrot of solar power projects has seen deferrals of more than six times over the last one and […]

Renewable energy projects are very capital-intensive and require a large number of funds.  However, ultra-low price points and rising levels of NPAs have made banks reluctant to lend to the Indian clean energy power sector. The Prime Minister of India has also stepped in to help the clean energy sector in India realize its full […]

India has come a long way in its renewable energy commitment, so much so that the Indian Prime Minister inaugurated the Gandhi Solar Park at the UN headquarters recently. The Park is made to mark the “Gandhinian” principles and celebrating his 150th birth anniversary. The inauguration by PM Modi also signifies India’s leadership in renewable energy globally. […]

The Indian government is planning to build a huge 7500 MW solar park in the northern Buddhist province of Ladakh. The government had announced a plan to do that around three months ago but was facing challenges from the environmental perspective as this huge plant could affect the wildlife in the remote mountainous region. The […]