Articles tagged under: Solar energy

Reliance New Energy Solar Ltd to invest in NexWafe as Strategic Lead Investor

October 13, 2021
Reliance New Energy Solar Ltd to invest in NexWafe as  Strategic Lead Investor

FREIBURG, Germay: NexWafe GmbH (NexWafe) today announced the induction of Reliance New Energy Solar Limited (RNESL), a wholly owned subsidiary of Reliance Industries Limited (Reliance) as a strategic lead investor in its EUR 39 million ($45 million) Series C financing round with an investment of EUR 25 million ($29 million) in phase one. The investment by Reliance will accelerate product and technology development for NexWafe, including completion of the commercial development of NexWafe’s ...Read More

Reliance New Energy Solar Ltd – acquires REC Solar Holdings

October 10, 2021
Reliance New Energy Solar Ltd – acquires REC Solar Holdings

Mumbai: Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has announced acquisition of 100% shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd., for an Enterprise Value of USD 771 million, said the company in a statement. REC is headquartered in Norway and has its operational headquarters in Singapore and regional hubs in North America, Europe, Australia, and Asia-Pacific. REC Group is an international...Read More

NTPC to set up India’s single largest solar park at Rann of Kutch

July 13, 2021
NTPC to set up India’s single largest solar park at Rann of Kutch

New Delhi: NTPC Renewable Energy ltd, a 100% subsidiary of NTPC, has received the go-ahead from Ministry of New and Renewable Energy (MNRE) to set up 4750 MW renewable energy park at Rann of Kutch in Khavada, Gujarat. This will be India’s largest solar park to be built by the largest power producer of the country. NTPC Renewable Energy Ltd (NTPC REL), has been given the go-ahead by MNRE on 12th July 2021 under Mode 8 (Ultra Mega Renewable Energy Power Park) of Solar Park Scheme. NTPC REL ha...Read More

Gujarat govt announces new Solar power policy 2021

December 29, 2020

Gandhinagar: The Government of Gujarat has today announced its Solar Policy - 2021.  As per the policy, any person, developer, industry can set up solar project in its premises or land without any limit.  A limit of only 50 per cent of sanctioned load/contract demand for industry to set up solar project has been removed. Power consumers wiwll be able to set up solar projects on their rooftop or vacant place. They can also offer their space to third party for power generation and utilization. A...Read More

PM Modi to deliver inaugural address at First World Solar Technology Summit

August 17, 2020
PM Modi to deliver inaugural address at First World Solar Technology Summit

New Delhi:R.K. Singh,President of the ISA Assembly and Union Minister of State for Power and New & Renewable Energy (IC) and Skill Development & Entrepreneurship, today shared details of the First World Solar Technology Summit being organized by ISA on a virtual platform on September 08, 2020. The objective of the event is to bring the spotlight on state-of-the-art technologies as well as next-generation technologies which will provide impetus to the efforts towards harnessing the solar energy m...Read More

Gujarat govt announces relaxations for MSME units in existing Solar Power Policy in order to further encourage solar power generation

September 19, 2019
Gujarat govt announces relaxations for MSME units in existing Solar Power Policy in order to further encourage solar power generation

Gandhinagar: The Government of Gujarat today announced special relaxations for MSME (Micro, Small & Medium Enterprises) sector industrial units in solar policy declared by the State government in year 2015. The government said this decision has been taken to encourage the industries to scale up solar power generation. - Caps on load and capacity are removed. Earlier, there was a cap of 50% of approved load for solar project installation. Now onward, MSME units will be allowed to install o...Read More

NTPC plans 5,000-Mw ultra mega solar park in Kutch

August 21, 2019
NTPC plans 5,000-Mw ultra mega solar park in Kutch

Gandhinagar: India's largest power producer NTPC plans to set up an ultra-mega solar park in Gujarat for a phased capacity of 5000 MW at an estimated investment of Rs 20,000 crore as per a report in Business daily Business Standard. According to Gurdeep Singh, chairman and managing director, NTPC has identified two-three locations in the Kutch district and the park is likely to developed at Rs 4 crore per MW cost. NTPC is also considering spot market options to sell some part of its solar...Read More

Gujarat is No.1 in rooftop solar installation in the country

July 23, 2019
Gujarat is No.1 in rooftop solar installation in the country

Gandhinagar: Gujarat is No.1 in installation of rooftop solar projects with installed capacity of 261.97 Mega Watt (MW) as on 23 July, 2019. Total rooftop solar installation in India stands at 1,700.54 MW. Gujarat is followed by Maharashtra and Tamil Nadu with 198.52 MW and 151.62 MW respectively. Minister of State for New and Renewable Energy and Power Shri R. K. Singh provided the information in Rajya Sabha on July 23, 2019 while replying to a question raised by MP Shri Parimal Nathwani. Ac...Read More

Gujarat plans to invest Rs. 100,000 Crore in next 3 years for renewable energy generation: CM

January 10, 2019
Gujarat plans to invest Rs. 100,000 Crore in next 3 years for renewable energy generation: CM

Gandhinagar: Gujarat will take distinctive initiatives to fulfill the dream of achieving the target of producing 175 Giga Watts’s renewable energy by year 2022 as envisaged by Prime Minister Narendrabhai Modi, says Gujarat Chief Minister Vijaybhai Rupani in Gandhinagar, today. The Chief Minister categorically stated that Gujarat will take frontal position in producing renewable energy in the country. For which, the state government has chalked out a planned to make invest of approximatel...Read More

Gujarat govt to directly purchase renewable energy from those who produce 500KW to 4 MW of it

January 10, 2019
Gujarat govt to directly purchase renewable energy from those who produce 500KW to 4 MW of it

Gandhinagar:Gujarat government today announced that it would directly purchase renewable energy from those who produce 500 Kilo Watt to 4 Mega Watt of it. Energy minister Saurabh Patel today said that Gujarat has set a target of production capacity building for 15000 MW more renewable energy in the next 3 years at an investment of Rs one lakh crore. Of this 10000 would be from Solar Energy sector and 5000 MW from wind energy. 'The government would buy solar energy from those who ...Read More

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