Monthly Archives: February 2018

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In solar, electric cars and digitalisation, ABB has the Power to Grow

In times of shrinking orders from traditional business, street expects co’s thrust on new-age tech to deliver 20% earnings growth annually for next 3 years ET Intelligence Group: At a time when new orders are shrinking due to low capacity utilisation in the private sector, ABB India, an Indian subsidiary of Zurich-based ABB, is increasing its focus [...]

By | 2018-02-28T05:13:55+00:00 February 28th, 2018|News|Comments Off on In solar, electric cars and digitalisation, ABB has the Power to Grow

Trump: ‘We make better solar panels than China’

President Trump boasted Monday that his tariffs on solar panels and washing machines are already helping the domestic industries for those products. But even without the tariff’s help, United States companies make better solar panels than China, Trump’s main target in imposing the worldwide tariff last month. Before the tariff, the United States had 32 [...]

By | 2018-02-27T22:06:01+00:00 February 27th, 2018|News|Comments Off on Trump: ‘We make better solar panels than China’

Turn on sunny limited-period offer State, Centre subsidies add up to solar energy at half price till May 2

Ranchi: The Jharkhand State Renewable Energy Development Agency, a wing of state's energy department, is encouraging individuals, social sector and industries to switch to green energy by May 2 this year with a 50 percent subsidy till that date. Under Grid-Connected Rooftop Solar Programme, JREDA will offer 50 percent subsidy - 20 percent from state and [...]

By | 2018-02-27T01:19:06+00:00 February 27th, 2018|News|Comments Off on Turn on sunny limited-period offer State, Centre subsidies add up to solar energy at half price till May 2

Discoms seek special category for e-vehicle users

Discoms have approached the Delhi Electricity Regulatory Commission seeking a special category for e-vehicle consumers. The power distribution companies said this would take care of a variety of issues related to e-vehicles, such as charging stations, tariff incentives and infrastructure upgrade. Discom officials believe that unless more incentives are given to consumers to switch to e-vehicles, the concept may not take off. [...]

By | 2018-02-27T01:09:54+00:00 February 27th, 2018|News|Comments Off on Discoms seek special category for e-vehicle users

Renewable energy sector witnesses Rs 68,000 crore fund flow

 Discussions around renewable energy took centre stage at the CII Partnership Summit on Sunday, as Andhra Pradesh signed MoUs worth over Rs 68,000 crore for a host of projects in this area. Speaking on the sidelines of the event, delegates stressed on the importance of this shift — from conventional to alternative forms of energy — with [...]

By | 2018-02-27T01:06:57+00:00 February 27th, 2018|News|Comments Off on Renewable energy sector witnesses Rs 68,000 crore fund flow

PFC lends Rs 50,200 crore to Uttar Pradesh govt for power projects

The MoUs were executed for extending financial assistance to UP state power utilities for a period of 4 years. New Delhi: Power Finance Corporation (PFC), India’s state-run lender to the electricity sector, today announced it has signed Memorandum of Undertaking (MoUs) with Uttar Pradesh power utilities for extending financial assistance of Rs 50,200 crore for multiple power sector projects. The MoUs were signed [...]

By | 2018-02-27T00:57:26+00:00 February 27th, 2018|News|Comments Off on PFC lends Rs 50,200 crore to Uttar Pradesh govt for power projects

Solar power installations in India likely to fall 22 per cent in 2018

Mercom forecasts total installations to fall by 22 percent year-on-year to approximately 7.5 GW in 2018, it said in a report. New Delhi: Solar installations in India are expected to fall by 22 percent to around 7.5 GW in 2018, Mercom Communications India, a subsidiary of Mercom Capital Group has said.  Mercom forecasts total installations to fall by 22 [...]

By | 2018-02-26T17:19:35+00:00 February 26th, 2018|News|Comments Off on Solar power installations in India likely to fall 22 per cent in 2018

Avaada Power plans to invest Rs 25,000 crore in clean energy projects in 4 years

Talking about India’s renewable energy sector, Mittal opposed trade barriers such as anti-dumping and safeguard duties on solar imports as it would lead to increased cost of power to the consumers. New Delhi: Clean energy player Avaada Power plans to invest ₹25,000 crore in the sector and develop 5,000 MW capacity in largely solar and wind projects in [...]

By | 2018-02-26T09:15:11+00:00 February 26th, 2018|News|Comments Off on Avaada Power plans to invest Rs 25,000 crore in clean energy projects in 4 years

Tepid response, HC court stay hit Karnataka solar power auctions

KREDL invited bids for 1200 MW of projects at the Pavagada Solar Park in Tumkur district on January 31 this year, setting out dates through February on which various stages of the auction would be held. Bengaluru: Karnataka’s solar programme has received two setbacks in quick succession: its latest solar auction for 1200 MW has been [...]

By | 2018-02-26T09:06:48+00:00 February 26th, 2018|News|Comments Off on Tepid response, HC court stay hit Karnataka solar power auctions

EESL announces Rs 3,730 crore investments in e-mobility, renewable energy

The MoUs were signed in the presence of CM N Chandrababu Naidu, EESL managing director Saurabh Kumar and AP principal energy secretary Ajay Jain at the CII Partnership Summit 2018 that kicked off here on Saturday. Visakhapatnam: Energy Efficiency Services Limited (EESL)announced an investment of Rs 3,730 crore across four projects spanning e-mobility, energy efficiency [...]

By | 2018-02-26T02:56:07+00:00 February 26th, 2018|News|Comments Off on EESL announces Rs 3,730 crore investments in e-mobility, renewable energy
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