MNRE proposes payment security for solar projects
The Ministry of New and Renewable Energy (MNRE) has recently been looking for suggestions on draft guidelines under the PM-Surya Ghar Muft Bijli Yojana, focusing on a Payment Security Mechanism (PSM) to promote solar rooftop installations. This mechanism is designed...
Gujarat to Install 48MW Solar Rooftop in FY25
Gujarat is all set to install 48 MW of solar rooftop systems on various government buildings across the state during FY25, with a budget allocation of ₹177 crore for the project will be provided. This initiative, by the state’s Climate Change Department, aims to...
ISA MIGA collaborates to support solar projects
Amid the ongoing International Solar Festival in New Delhi, the Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group, and the International Solar Alliance (ISA) have launched the MIGA-ISA Solar Facility on Friday, a multi-donor trust fund to...
India to Triple Solar, Wind Energy by 2030: BNEF
According to a report by Bloomberg New Energy Finance (BNEF) India needs to triple its solar and wind energy capacity to 494 GW by 2030 to meet its goals towards decarbonization and align with the Paris Agreement. Shantanu Jaiswal head of BNEF India said that India...
PM Modi Address The first international solar festival
The first-ever international solar festival is being held in the national capital New Delhi, hosted by ISA (International Solar Alliance). This festival is a call to action for a sustainable future powered by solar energy. Prime Minister Narendra Modi virtually...
ISA to Launch $100M Solar Fund for Africa
The ISA (International Solar Alliance) will soon be announcing a $100-million Global Solar Facility to mobilize an ambitious amount of $1.5 billion, to scale up decentralized solar power in least-developed African countries where more than 700 million people still...
IREDA Highlights Need For Green Taxonomy Demands 5% AUM
Shri Pradip Kumar Das, Chairman & Managing Director, Indian Renewable Energy Development Agency Limited (IREDA), assured commitment to reducing the cost of borrowing and improving the viability of the Renewable Energy sector in India. While speaking at the...
India’s Green Hydrogen Push: Massive ₹45,000 Crore Investment by 2026
India is taking a significant leap in the global Green Hydrogen arena by committing an estimated investment of ₹30000 to ₹45,000 crore for a 15,000 MW electrolyzer manufacturing capacity by 2026. This ambitious effort is a part of the National Green Hydrogen Mission’s...
Solar, wind power increase as payment delays drop: Fitch
According to the Fitch Rating, wind and solar power generation in India experienced an increase in FY24. Their objective is to achieve the renewable energy target. Clean power producers were paid faster by distribution companies in FY24 compared to the previous year,...
Residential Solar Drives 1.1 GW Rooftop Growth in H1 2024
According to Mercom India, India's rooftop solar capacity in the first half of 2024 has added 1.1 GW. Installations have increased up to 26 % compared to the previous year which was 873 MW in 1H 2023. In the second quarter of 2024, India saw a remarkable boost...
