Monthly Archives: January 2019

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Distributed solar power market in India to grow to Rs 10,000 crore by 2023

The report was released at an event here organised by GOGLA, International Finance Corporation and Ashden India Collective New Delhi: The market for distributed solar power products in India is set to grow more than two-and-a-half times to Rs 10,117 crore by 2023, according to a study released today by GOGLA, a global association of the off-grid solar power [...]

2019-01-31T10:57:51+00:00 January 31st, 2019|News|Comments Off on Distributed solar power market in India to grow to Rs 10,000 crore by 2023

Corporations Are Investing in Wind and Solar Energy Now More Than Ever

Corporate investment in renewable energy is swelling as companies move to please knowledgeable consumers and take advantage of vanishing tax breaks. An array of corporations—including Budweiser, Gap Inc., and MGM Resort International—have invested in wind and solar energy recently, pushing spending above $16 billion last year, a 13% growth from the year prior, The Wall Street Journal reports. This [...]

2019-01-31T10:53:13+00:00 January 31st, 2019|News|Comments Off on Corporations Are Investing in Wind and Solar Energy Now More Than Ever

Saudi’s Solar Dreams: Why The Kingdom Can’t Have It All

In 2012 Saudi Arabia announced plans to invest US$109 billion in solar power. A third of its electricity would be derived from solar. Oil was averaging more than $90 per barrel and continued to do so into 2014. So, burning less through less at home, just to generate subsidized electricity for locals was a lucrative prospect. More [...]

2019-01-31T03:36:27+00:00 January 31st, 2019|News|Comments Off on Saudi’s Solar Dreams: Why The Kingdom Can’t Have It All

Renewable energy set to witness 10,000 Mw capacity addition in FY20: Report

Renewable energy sector, especially wind and solar segments remain exposed to near term challenges Renewable energy is set to witness 10,000 megawatt (Mw) in fresh capacity addition in FY20, aided by project awards from central agencies and state-owned distribution utilities. By FY20, the share of renewable energy (RE) to overall power generation is tipped to rise to 10 [...]

2019-01-31T03:23:30+00:00 January 31st, 2019|News|Comments Off on Renewable energy set to witness 10,000 Mw capacity addition in FY20: Report

Sunfinity Renewable Energy will power Texas car dealership with solar canopies

  By Billy Ludt | January 30, 2019 El Dorado Chevrolet & Mazda of McKinney, Texas, contracted with Sunfinity Renewable Energy and The Ratliff Group to install an approximately 1-MW solar canopy system on the car dealership’s campus. “Our commitment to solar canopies is our biggest environmental initiative to date,” said Stanley Graff, owner of El Dorado Chevrolet. [...]

2019-01-31T03:16:45+00:00 January 31st, 2019|News|Comments Off on Sunfinity Renewable Energy will power Texas car dealership with solar canopies

Solar scheme only for those with direct discom connection

The solar panels, when purchased from impanelled vendors of Haryana Renewable Energy Department (HAREDA), come with generous subsidies.   New Delhi: Around 3,150 residents of Sushant Lok 2 Extension and Sushant Lok 3 can’t avail the grid-connected solar rooftop scheme because they are not direct DHBVNconsumers.  Launched in 2014, the scheme makes it mandatory for residents living in an area of up [...]

2019-01-31T03:06:18+00:00 January 31st, 2019|News|Comments Off on Solar scheme only for those with direct discom connection

NLC India inks MoU for 1 GW of solar in Tamil Nadu

January 29 (Renewables Now) - State-owned coal miner NLC India Ltd (BOM:513683) has signed a pact with the government of Tamil Nadu for the construction of 1 GW of solar parks in the southernmost Indian state. The Memorandum of Understanding (MoU) was inked last week between NLC India and Tamil Nadu Generation and Distribution Corporation [...]

2019-01-30T04:12:44+00:00 January 30th, 2019|News|Comments Off on NLC India inks MoU for 1 GW of solar in Tamil Nadu

Solar duty fails domestic producers as demand languishes

India, which overtook Japan as China’s biggest solar panel export market in 2017, has been struggling to spur its domestic manufacturing industry. New Delhi: India’s bid to protect its solar-equipment makers by imposing a safeguard duty on cheap, Chinese imports has failed, according to domestic manufacturers, who are campaigning for tougher measures. The country last [...]

2019-01-30T03:57:28+00:00 January 30th, 2019|News|Comments Off on Solar duty fails domestic producers as demand languishes

Siemens Gamesa’s positive margin, price forecasts lift shares

MADRID (Reuters) - Wind turbine maker Siemens Gamesa forecast better profitability and said prices were stabilizing on Tuesday, sending its shares as much as 9 percent higher. The company formed by a merger between Spain’s Gamesa and the wind power business of Siemens stuck to its guidance for an earnings before interest and tax (EBIT) [...]

2019-01-30T03:26:30+00:00 January 30th, 2019|News|Comments Off on Siemens Gamesa’s positive margin, price forecasts lift shares

Costs are falling for renewable energy stored in batteries

One of the major challenges of using renewable energy sources like wind or solar is that there's overproduction when the sun is shining and the wind is blowing. Solar and wind power is produced mostly during the day, then drops off at night — when people tend to use the most power. Batteries can help [...]

2019-01-30T03:08:52+00:00 January 30th, 2019|News|Comments Off on Costs are falling for renewable energy stored in batteries
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