Wind auction bids stay on the lower side

downloadSource: The Economic Times, Feb 13, 2018

The country’s largest ever wind auction of 2,000 MW has received bids ranging from Rs 2.47 to Rs 2.65 per unit, close to the record low ofRs 2.43, from major players in the sector. The auction, being conducted by Solar Corporation of India (SECI), began at 4.30 pm on Tuesday and was continuing at the time of going to press.

It had developers shortlisted, including many of the marquee names in the business, both local — such as Inox Renewables, ReNew Power, Torrent Power and Adani Green Energy — and global, such as Rome-head quartered Enel, the Paris-headquartered Engie and the Singapore-based Sembcorp.

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60 Solar Cities to be developed across country

Source: IBEF.org, Feb 07, 2018

New Delhi: The Ministry of New and Renewable Energy under its scheme “Development of Solar Cities” has approved/sanctioned 60 Cities including 13 Pilot and 5 Model Cities up to 12th Five-year Plan period. In a written reply to a question in the Rajya Sabha today ,  Minister of State (IC) for Power & New and Renewable Energy, Shri R K Singh informed that the master plans of 49 Solar Cities have been prepared.  The Stake-holders Committees have been constituted in 21 Cities and Solar City Cells have been created in 37 Solar Cities. Solar PV projects with aggregate capacity of 8069.16 kWP and Solar Water Heating System with aggregate capacity of 7894 meter square collector area have been sanctioned under the programme. While Rs. 101.64 crore has been sanctioned, Rs. 25.92 crore has been released under scheme “Development of Solar Cities” so far.

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Further, the Ministry of New and Renewable Energy has accorded sanction for preparation of Master Plan for development of 52 Green Campus upto12th Five year Plan period. The Ministry provides Central Financial support up to Rs.5 lakh for preparing Master Plan for development of green campus in the educational institutions, office complexes, residential and commercial complexes etc. An amount of Rs.2.59 crore has been sanctioned and an amount of Rs.1.02 crore has been released up to 31st January, 2018 for this purpose.

Government has launched a new Simplified Proforma for Incorporating Company Electronically (SPICE) e-Form

downloadSource: IBEF.org, Feb 07, 2018

New Delhi: The Ministry of Corporate Affairs had notified a new e-form called Simplified Proforma for Incorporating Company Electronically (SPICe), on the occasion of 2nd October 2016, with the objective of providing speedy incorporation in line with international best practices.

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IREDA, Rewa Ultra sign loan pact for MP projects

Source: The Hindu Business Line, Jan 31, 2018

New Delhi: Our Bureau Indian Renewable Energy Development Agency (IREDA) and the Rewa Ultra Mega Solar Ltd (RUMSL) have signed the sub-loan agreement for two solar power projects in Madhya Pradesh.

“A loan amount of ₹216 crore ($35 million) has been signed for developing transmission and evacuation infrastructure. The loans have been refinanced at 8.5 per cent,” an IREDA official told BusinessLine.

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Donald Trump’s solar module tariff barrier may help India’s green economy

Source: LiveMint.com, Jan 24, 2018

New Delhi: India’s solar power sector may benefit from the US President Donald Trump’s decision on Monday to levy tariff on imported solar panels.

In what will impact Chinese module manufacturers, Trump whose presidential campaign and term has been built around growing American manufacturing, imposed a 30% tariff on imported solar cells and module in the first year, with the duties declining to 15% in the fourth year.

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Siemens Gamesa wins 326 Mw wind power orders from independent producers

Source: Business Standard, Jan 22, 2018

Mumbai: Siemens Gamesa Renewable Energy on Monday said it has won orders for 326 megawatt (Mw) of wind power capacity and expected this will help improve the company’s operations in India.

“Siemens Gamesa Renewable Energy, the leading renewable energy player in India, has won multiple wind power orders for a total of 326 Mw from several leading Siemens Gamesa Renewable Energy on Monday said it has won orders for 326 megawatt (Mw) of wind power capacity, and expects this will help improve the company’s operations in India.

“Siemens Gamesa Renewable Energy, the leading renewable energy player in India, has won multiple wind power orders for a total of 326 Mw from several leading Independent Power Producers and various Industrial customers in the country in different projects,” the company said in its statement on Monday. Read the rest of this entry »

India will set up $350-mn solar fund to start mobilisation under ISA

Source: Business Standard, Jan 19, 2018

New Delhi: In order to kick-start fund mobilisation under the International Solar Alliance (ISA), the central government will set up a $350-million solar development fund.Nine companies and banks have agreed to develop and finance various solar projects, which include a $1-billion partnership corpus of NTPC and CLP India to the ISA.

The fund was announced by R K Singh, Minister of Power and New and Renewable Energy, at the first ever outreach programme of the ISA in Abu Dhabi’s World Future Energy Summit (WFES) 2018.

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