India’s solar goal makes it global frontrunner in climate change fight, says World Bank
The global lending institution praises India’s solar program in new report, noting how clean energy sources are beginning to displace coal at a sweeping rate.
India’s Rural Electrification Corporation issues $450 million green bond in UK
The 10-year green bond paying a hefty annual yield of 3.965% stirred up strong interest of investors on the London Stock Exchange.
Wind, solar to be cheapest power source in G20 by 2030, Greenpeace study finds
In around half of the G20 countries, renewables have been equal or cheaper in price to electricity generated from coal and nuclear power plants since 2015, and are set to outcompete all other energy sources in the world’s 20 major economies by 2030, finds a new study commissioned by Greenpeace Germany.
India: Telangana state confident of passing 5 GW solar threshold by 2019
State officials believe that Telangana can surge from current installed base of 1.3 GW to surpass 5 GW over the next couple of years via its decentralized model of solar development.
India: TEDA tendering 500 MW solar park in Tamil Nadu
The Tamil Nadu Energy Development Agency (TEDA) is on the lookout for a developer for a 500 MW solar park.
India: UPNEDA issues draft Solar Power Policy 2017
The draft Uttar Pradesh Solar Power Policy 2017 aims to encourage participation of the private sector and provide investment opportunities in India’s most populous state.
Solar-powered petrol pumps highlight ironies of India’s clean energy drive
Growth in solar panel installs at gas stations across India has fuelled uptake in petrol sales in regions where fossil fuel consumption had been falling, exposing one of the ironies of cheaper and reliable PV power.
China’s East Hope Group signs $300m MoU with Adani to build Indian manufacturing unit
The two industrial giants will develop a large fab at a port in the Mundra economic zone in Gujarat, which will manufacture solar power generation equipment as well as other goods.
Indian state of Maharashtra announces 2 GW of solar projects
The Maharashtra State Power Generation Company (MAHAGENCO) issues call for developers to build 500 MW solar park and construct 1.5 GW of solar projects to solarize state’s agriculture feeder infrastructure.
India: TANGEDCO proposes severe net metering cut
The Tamil Nadu utility is planning to slash its net metering tariff from INR 6.63 – 7.23/kWh to potentially as little as INR 2.20/kWh in response to recent record-low tariffs in the state and as a means to increase uptake of rooftop solar.
