India seen leveraging Solar Alliance meeting for foreign policy

download (3).jpgSource: LiveMint.com, Jun 18, 2018

New Delhi: The first general assembly of the International Solar Alliance will be held in India this October. The historic event is expected to coincide with the birth anniversary of Mahatma Gandhi, signalling that New Delhi would employ the first treaty-based international government organization in India as a foreign policy tool.

Read the rest of this entry »

Advertisements

Solar installations in India rise by 34% in Q1

download.jpgSource: IBEF.org, Jun 13, 2018

New Delhi: Solar installations in India increased by 34 per cent to 3,269 mw in the first quarter of 2018 compared with the fourth quarter of 2017, according to Mercom Communications.

“Q1 2018 was the best quarter on record for solar installations in India, with 3,269 MW, a 34 per cent increase compared to 2,448 MW installed in Q4 2017. Installations were also up when compared to the 2,991 MW installed in Q1 of 2017,” Mercom Communications India said in a statement.

Read the rest of this entry »

Cabinet approves National Biofuel Policy to reduce Green House Gas emission

Source: Business Standard, May 17, 2018

New Delhi: The Cabinet approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Till now only ethanol produced from sugarcane was allowed to be mixed in petrol.

A meeting of the Union Cabinet, headed by Prime Minister Narendra Modi, approved the new policy which categorises biofuels as First Generation (1G), which produce bio-ethanol from molasses and bio-diesel from non-edible oilseeds.Second Generation (2G) ethanol can be produced from municipal solid waste and Third Generation (3G) fuels like bio-CNG.

Read the rest of this entry »

Over 300,000 workers to be employed in solar, wind energy sectors in India: report

Source: IBEF.org, May 16, 2018

New Delhi: Over 300,000 workers will be employed in the solar and wind energy sectors in India to meet the country’s target of generating 175 gigawatts of electricity from renewable sources by 2022, the International Labour Organisation (ILO) has estimated in a report.

The ILO said in its annual flagship report on the state of the global job market that action to combat climate change could create millions of new job opportunities and “more than” offset losses in traditional industries.

The UN labour agency said that 24 million new posts “will be created globally by 2030”, but added that “the right policies to promote a greener economy” must also be in place for this to happen, along with better social safety nets for workers.The report ‘World Employment and Social Outlook 2018: Greening with jobs’ said India has set itself the goal of generating 175 gigawatts of electricity from renewable sources by 2022, which corresponds to around half of its total electricity production.

Read the rest of this entry »

Government announces national wind-solar hybrid policy

download (3)Source: The Economic Times, May 14, 2018

The policy provides for a comprehensive framework to promote large grid-connected wind-solar photovoltaic (PV) hybrid system.

MUMBAI: With an aim to boost renewable power generation, the government today announced a national wind-solar hybrid policy, which seeks to promote new projects as well as hybridisation of the existing ones.

The government has set an ambitious target of achieving 175 gigawatt (gw) of installed capacity from renewable energy sources by 2022, which includes 100 gw of solar and 60 gw of wind power capacity.

Read the rest of this entry »

Tata Power plans $5 billion push to boost renewable capacity

Source: LiveMint.com, May 14, 2018

Mumbai: Tata Power Co., one of India’s largest private power utilities, is planning to invest as much as $5 billion to ramp up its renewable capacity fourfold, according to its top executive.

The 103-year-old power utility plans to increase its clean-energy capacity to 12,000 megawatts by 2028, chief executive officer (CEO) Praveer Sinha said. That would require an investment of as much as 40 million rupees ($594,000) a megawatt, he said. According to Bloomberg calculations, that works out to a total investment of as much as Rs36000 crore.

Read the rest of this entry »

Relief for Indian solar producers as government reneges on import duty

Source: The Economic Times, May 10, 2018

NEW DELHI: India has scrapped a duty on solar modules, making it easier to import the products after a sudden change in customs policy last year led to a logjam of shipments at Indian ports.

Several consignments of solar modules, worth more than $150 million in total, were held up for more than three months at ports after Indian customs’ officials in August demanded that some of them be classified as “electric motors and generators”, carrying a 7.5 percent import duty. Previously they were subject to no duty.

The finance ministry reversed the policy last month, stating in a notice seen by Reuters that most solar modules should revert to their original classification and that no tax should be levied on them. Indian component makers have struggled to compete with Chinese companies such as Trina Solar and Yingli and have sought anti-dumping duties as well as long-term safeguards.

Read the rest of this entry »