solar panels

With $2.5 billion of M&As in 2018, India’s renewables sector is set for a leap

1 month ago admin2 Comments Off on With $2.5 billion of M&As in 2018, India’s renewables sector is set for a leap
In just the first half of the year, India’s booming renewable energy sector has seen merger and acquisition (M&A) deals worth over $2.5 billion (around Rs16,631 crore). In April, ReNew Power, India’s largest renewable energy company, acquired New Delhi-based Ostro Energy for around $1.5 billion, what has been the biggest such deal in the country Read More

With the right moves, India’s renewables push could lift thousands of rural workers out of poverty

8 months ago admin2 Comments Off on With the right moves, India’s renewables push could lift thousands of rural workers out of poverty
India’s major renewable energy push could be as much about poverty reduction and job creation as it is about energy security and climate change. The Narendra Modi government aims to install 175 gigawatts (GW, 1 GW = 1,000 megawatts) of renewable energy capacity in the country by 2022—and this is expected to create over 330,000 Read More

Nearly 40% of all new power capacity in India this year is solar

8 months ago admin2 Comments Off on Nearly 40% of all new power capacity in India this year is solar
The solar energy sector has accounted for the largest capacity addition to the Indian electricity grid so far this year. It has contributed around 39%—over 7,100 MW—to the overall capacity additions, according to data from Mercom Capital Group, a US-based research and consulting firm. For comparison, solar energy capacity additions stood at only around 4,313 Read More

To help local firms, India may deal another blow to its struggling solar sector

8 months ago admin2 Comments Off on To help local firms, India may deal another blow to its struggling solar sector
India’s solar power sector is staring at yet another policy intervention that could put the viability of projects in the country under question. The Narendra Modi government is expected to impose an anti-dumping duty (ADD) on imported solar panels in order to boost sales of locally made ones. This is bound to increase the costs Read More