To incentivize private sector companies for developing coal gasification projects, Ministry of Coal has formulated a policy wherein, a provision has been made for 50% rebate in revenue share for all future commercial coal block auctions for the coal used in gasification purpose provided the coal quantity used for gasification is at least 10% of […]
Vedanta announces incentives for purchase of EVs by employees – EQ Mag
As part of its commitment towards net-zero carbon, the company has pledged 100 per cent of its light motor vehicles to be decarbonised by 2030. Globally diversified natural resources firm Vedanta Ltd on Tuesday said it has rolled out an EV policy for its employees, under which incentives ranging from 30 to 50 per cent […]
Centre considers incentives for offshore wind energy – EQ Mag Pro
According to a strategy paper on offshore wind prepared by the ministry, 16 zones have been identified in total, off the coasts of Gujarat and Tamil Nadu for harnessing offshore wind energy The union ministry of new and renewable energy (MNRE) is considering giving incentives to companies in the offshore wind energy space including the […]
Massachusetts Storage Market Imperiled by Requirement to Buy New Utility Meters
Should solar customers have to pay for a new meter to measure their generation, or is their own smart inverter good enough? Massachusetts rolled out a new incentive last year to spur solar and energy storage adoption, but installers are worried that a technical requirement could foil the goals of the program. The Solar Massachusetts […]
Northeastern States Primed to Be the Next Major Energy Storage Market
Where the challenge was once a lack of profitable storage opportunities in the Northeast, now the trick is keeping up. Here’s GTM’s handy guide. Northeastern states have enacted a dizzying array of policies to promote energy storage development alongside the growth of renewables over the past few years. Where the challenge used to be a […]
New York’s Energy Storage Incentive Could Spur Deployment of 1.8GWh
The Empire State has charted a path that would transform it into a top-tier global storage market by 2025. Energy storage companies now can apply for $280 million in incentives allocated by New York’s state government. Gov. Andrew Cuomo made energy storage a key pillar of his strategy to secure 100 percent carbon-free electricity by […]
New York allocates $280 million in incentives for energy storage projects
New York Governor Andrew M. Cuomo today announced that $280 million of support is available for energy storage projects to accelerate growth within the industry and drive down energy storage deployment costs to build a sustainable and affordable market. This funding is part of a $400 million investment to achieve New York’s nation-leading energy storage […]
Spain’s Renewables Industry Applauds New Payment Scheme
Renewable energy investors could finally get the policy certainty they have been begging for—if the proposal passes. Spain’s renewables industry is celebrating proposed legislation that could provide plant owners with guaranteed income for up to 12 years. The regulatory framework would give renewable energy plant owners the option to stick with their current level of […]
