India´s approach of focussing largely on utility-scale solar parks and aggressive pricing has attracted a lot of scepticism. The renewable energy sector has shown tremendous growth over the last two years.
Tag: Renewable Energy
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India eyes $200 bln investment in RE
Eyeing an investment of $200 billion in renewable energy for a cleaner climate, India is up against a mammoth task with just about 5 GW
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Indo-Japan N-deal to boost RE: IEA
India´s recent agreement with Japan on developing environmentally-friendly nuclear energy for civilian use is the right step and will boost the country´s renewable energy
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Lanco inks MoU with Chhattisgarh for solar plant
Lanco Infratech is setting up a 100 mw solar cell manufacturing plant and plans to lease part of its solar SEZ to foreign and Indian firms which want to participate in India´s renewable energy programme.
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Banks to push solar panels
The finance ministry has advised banks to ´encourage´ home loan or home improvement loan applicants to install rooftop solar photovoltaic systems and include the equipment cost in the home loan. G
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Cabinet approves Rs.8,349-cr investment on rail freight lines
The Union cabinet chaired by Prime Minister Narendra Modi approved an investment of Rs.8,349 crore for laying down multiple freight-specific rail lines in Odisha, Chhattisgarh and Andhra Pradesh.
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Gamesa wins 100-MW wind power project from Hero Group
Renewable energy firm Gamesa has bagged a 100-MW wind power project from Hero Group to set up 50 wind turbines in Madhya Pradesh. The order was placed by Hero Future Energies, a venture of the Hero Group catering to the renewable energy, Gamesa India said in a statement.
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LNG more viable than coal
India is already among the world´s largest energy consumers. Urbanisation, industrialisation, and the government´s commitment to 24 x7 energy access for all imply that our need for power will continue to grow.
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We want to focus on doing the largest transactions
When I came to India last year, I first focused on finding assets to finance. I started with some very small projects. These were portfolios of rooftops or small utility scale projects that gave us an understanding about the issues here. I´d also been advising the Aditya Birla group prior to moving, with the previous firm I was working with in New York.
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Packing a punch?
Many industry observers feel the time is right for the government to exit and look at reducing its investments in power distribution and allow commercial capital to flow into the sector.