India will need increased effort to meet the targets
The idea was first floated by PM Modi in 2018 during the first assembly of the International Solar Alliance (ISA)
Oil and gas majors were the major acquirers of solar assets in 1H 2020 accounting for 45 per cent or about 6.5 GW of acquisitions during the period
The tender floated by Solar Energy Corporation of India (SECI) is pan-India and the developer can set up a project anywhere in the country.
At present, 15 per cent SGD is applicable on solar cells. This would be zero or nil from July 30, 2020
Barring a few, all privately-owned thermal power units, roughly about 40,000 Mw, constructed over the past decade were built using Chinese equipment.
Apart from equity, Airtel will also subscribe to 83,160 CCDs of Rs 1,000 each amounting to Rs 8.31 crore
India is aiming to install 100 Gw of solar power by 2022, of which 40 Gw is to come from solar rooftop
Though not immediate, the gains from installing solar panels are immense. Don't fret over the initial capital needed for installing them at home
India has an unmatched opportunity to develop solar industry because it offers scale which is critical to reducing costs and to stimulate innovation
Hope for the good sense and guts to handle it
Loss-making European power utilities are turning to India for investment opportunities in renewable energy (RE), drawn by the country's impressive drive in the latter.Engie of France, one of the biggest European power companies, which lost about $40 billion over 2010-16 on its fossil fuel and nuclear holdings, intends to invest $1 billion in Indian solar energy over the next five years, says a report from the US-based Institute for Energy Economics & Financial Analysis (IEEFA). Engie is also exploring opportunities in Indian wind power. In Europe, the growing appeal of RE has pulled down wholesale electricity rates. This has caused financial pain for utilities that delayed a transition from fossil fuels to renewables. European utilities logged $150 billion in asset write-downs in 2010-16. Investors that include Goldman Sachs and UBS have been warning for years that coal has reached retirement age and solar energy will become the default technology of the future.In both China and
India's total installed solar capacity has grown over 84% in last four quarters