Premier Energies, is a 25 year old clean energy company with a robust network across thirty countries. It is the first Indian solar module manufacturing company to be BIS certified and the world’s 1st CB certified company for Solar PV modules issued by UL. Formerly Premier Solar, Premier Energies has today diversified from solar energy […]
Renewable is as good as an IT industry for India
Renewable is as good as an IT industry for India: Ashish Khanna, MD & CEO, Tata Power Solar and President, Tata Power Renewables He added that India is not taking advantage of it at the current level Ashish Khanna in a recently-held media video round-table by Tata Power Solar spoke to journalists about the company’s future plans, the […]
Torrent Power receives highest generation-based incentives in Apr-Jan FY20
For the 10-month period of FY20, IREDA released total GBI to the tune of Rs 1,012 crore to various companies under its wind power schemes New Delhi: Torrent Power received Rs 42.21 crore as generation-based incentive (GBI) by the Indian Renewable Energy Development Agency (IREDA) for the April-January period of the current financial year 2019-20 […]
IREDA to handle CPSU Scheme on behalf of MNRE
The amended clause also added that all issues regarding time-extension and dispute resolution on force majeure events will also be dealt by IREDA New Delhi: The Ministry of New and Renewable Energy (MNRE) has appointed the Indian Renewable Energy Development Agency Limited (IREDA) as the implementing agency to handle the Central Public Sector Undertaking (CPSU) […]
Now RE developers’ letter of comfort from PFC, REC, IREDA at par with bank guarantee
Developers need bank guarantees for placing bids for clean energy projects offered by nodal agencies like Solar Energy Corporation of India (SECI) and state-run power giant NTPC. New Delhi: To improve business environment for clean energy projects and attract investments, the government has decided to treat letter of comfort (undertaking) issued by state-run shadow banking […]
Suzlon Energy defaults on borrowings worth Rs7,256.38cr
The company’s filing said that the loans were given by a consortium of 18 banks led by the State Bank of India and Indian Renewable Energy Development Agency (IREDA). Suzlon Energy, on Tuesday, notified that it has defaulted on loans worth Rs7,256.38cr due on March 19, 2019. The company’s filing said that the loans were […]
Insufficient funds hit Delhi govt’s solar scheme for resident welfare association
Under the scheme launched in 2018, housing societies opting for the Renewable Energy Service Co (RESCO) model will get solar panels installed for free by solar developers in return for a commitment to keep them in place for 20-25 years. Cooperative group housing societies in Delhi wishing to install solar panels on rooftops through the […]
IREDA to create a Green Window for green energy finance
The Indian Renewable Energy Development Agency (IREDA) is planning to set up a dedicated “Green Window to serve the unserved segments of renewable energy,” Anand Kumar, secretary in the ministry of new and renewable energy (MNRE) stated. “Renewable energy is increasingly cheaper and better for the strategic interests of India, and the IREDA Green Window […]
Additional $80 billion investment required to achieve India’s 2022 renewable target: MNRE secretary
Additional Regional Energy Management Centres (REMCs) were being set up to increase the share of renewable energy and to mitigate investment risks in the sector and a Payment Security Mechanism has been implemented. To aid the growth of the renewable energy sector and encourage investments in the sector, Anand Kumar, secretary of the Ministry of […]
Andhra govt awaits central funds to clear dues of power projects
The state government, in an ongoing case on payment dues, said that after the arrangement of financial assistance, the state will resolve the payment of pending bills The Andhra Pradesh (AP) government has clarified to the state high court that it will be able to clear the dues of power projects only when “the Centre […]