Amid the enthusiasm of the Chhath Puja festival, which involves worshipping the Sun God in India, the country emerges as one of the leading nations in solar. PM Modi in his latest Mann ki Baat episode addressed the nation saying solar energy is the world’s future and India is among the leading nations in generating […]
Slowdown in the Indian Solar Industry The India solar growth story is sputtering, with only 1500 MW of solar capacity getting installed till date. The main growth drivers – Gujarat and JNNSM have become pale shadows of themselves. Gujarat which is India’s solar shining star is facing a problem of overcapacity. The state has installed […]
A new Body to manage Wind Energy in India India has not done anything much in offshore wind energy installations with other countries such as China, USA and Germany already planning or setting up large offshore wind energy farms. India is now setting up the foundations for the growth of offshore wind energy in India. […]
India’s wind energy developers are having a tough time with the central government removing their favorite accelerated depreciation and GBI incentives. The largest wind energy state TN is also creating new problems in the form of late payments and inadequate transmission capacity. There is also a new CERC order which lays stringent reporting requirements for […]
SBI opposes Gujarat’s cut in Solar Feed-in-Tariffs The State Bank of India (SBI) which is India’s largest bank is worried about the effects of a retroactive cut in solar feed in tariffs by Gujarat. The bank has lent to almost 10% of the total solar capacity built in the state under a solar subsidy policy. […]
India’s western state of Gujarat has been the poster boy of solar energy success in India installing almost 1 GW of solar capacity in a couple of years. The state gave a fixed tariff and a hassle free experience to solar energy developers that attracted more than $2 billion in solar investments. The top Indian […]