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Price volatility after import duty: Solar developers step up module purchases from China

India’s domestic manufacturing capacity is around 20 GW and with an annual demand of over 30 GW. Indian solar developers have advanced their module purchases from China for projects scheduled up to December quarter of 2022 to ward off the threat of price volatility expected after basic customs duty (BCD) kicks in on April 1. …

Bucket list for solar PLI scheme in two months: MNRE official

Finance minister Nirmala Sitharaman on February 1 announced the allocation of an additional Rs 19,500 crore under the scheme. The pending list of 15 solar manufacturers who participated in the initial bidding for production linked incentives (PLI) scheme for solar, is expected to be cleared in the next two months’ time, a senior official told …

For first time, Indian Railways installs parabolic solar concentrator for hot water supply; see benefits

Indian Railways has been taking various eco-friendly initiatives to improve the environment and reduce its carbon footprint. In o­ne such unique initiative, Southern Railways’ Goldenrock workshop has installed a Parabolic Solar Concentrator based water heating system in place of existing electrical heaters, which is first-of-its-kind in the Indian Railways network. This Parabolic Solar Concentrator-based water …

Global funds invest in Acme Solar’s 250 MW project in Rajasthan

“UNOPS is proud to support India’s climate targets and all of the partners in this landmark renewable energy project,” Grete Faremo, UN under-secretary-general and UNOPS executive director, said. Acme Solar on Thursday said it has signed an agreement with Danish investment firm IFU and United Nations’ operational arm UNOPS S3i for developing 250 megawatt (MW) …

Union Budget 2021: Incentives, more allocation to power sector may propel economic growth

Budget 2021 should give concrete measures / relief to the power sector as the targeted government spending will give a booster shot to the sector. Image: Reuters Indian Union Budget 2021-22: Budget 2021 will be of considerable importance to the power sector even if it is viewed only from the perspective of the setback received …