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Budget 2022: A prescription to boost the growth of the renewable energy industry
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It could be said that a precursor to the announcement at COP26 was visible in last year’s Union Budget where the Government first announced the PLI scheme for 10 GW of integrated manufacturing capacity for ‘High-Efficiency Solar PV Modules’. Later in the year, due to an extremely positive response from the industry, it increased the allocated PLI amount from Rs 4,500 crore ($616 million) with an additional Rs 19,000 crore ($2.5 billion).
Interview with Kushagra Nandan
"There is a growing demand for reliable clean power from C&I customers" A recent positive trend, particularly for developers in the commercial and industrial (C&I) space, has been the greater interest of consumers in renewable energy.
A Leading Textile Company in Rajasthan
Summary
One of the leading textile companies in the Bhilwara Industrial Belt wanted to move to solar power to reduce its dependence on coal-based power since it was a challenge for them to procure and store the same for their captive thermal power plant. The client also wanted to transition to solar-based power as it wanted to reduce its cost of operations. As the client had a large land parcel available within the premises, we developed an on-site rooftop+ground mount solar solution.
Highlights
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Neev Fund-backed SunSource Energy launches 6-MW rooftop project in Rajasthan
New Delhi: SunSource Energy, a solar energy solutions provider, on Tuesday said it has inaugurated a 6-megawatt (MW) rooftop solar power project in Bhilwara, Rajasthan for a textile firm.
SunSource Energy bags solar project in Lakshadweep
SunSource Energy has bagged 1.95 MW solar PV power plant project with 2.15 MWh battery energy storage station (BESS) project which would power four islands of Lakshadweep.
SunSource Energy bags another IndianOil project
The new rooftop solar project will be the EPC provider’s third project for Indian Oil Corporation. It will cover ten buildings across the state-owned fossil fuel giant’s flagship Gujarat Refinery and its residential township.
China’s Trina Solar secures 100-MW contract with SunSource Energy
Chinese solar panel manufacturer, Trina Solar, on Thursday said it has secured its first 100-megawatt-plus (MW)
contract in India for its new solar modules with energy and storage solutions provider, SunSource Energy.
Indian electricity sector structural reforms get underway!
The draft Electricity Bill 2020 moves us with a toolbox of structural reforms, towards not only efficient but also a progressive electricity market.
Renewable energy and upcoming structural reforms
In an an article few days back I said post the pandemic period, is likely to come out stronger’. At that point of time it was merely a projection based on our credentials, business understanding of the fundamentals of solar, and faith in the legal and regulatory framework of Indian electricity sector. However, the Ministry of Power on Friday afternoon, by issuing the much awaited structural electricity framework reform, has trulyreciprocated this faith, and aspirations we have as an Indian RE developer.
Renewable energy and upcoming structural reforms
In an article a few days back, I said 'Solar, post the pandemic period, is likely to come out stronger’. At that point in time, it was merely a projection based on our credentials, business understanding of the fundamentals of solar, and faith in the legal and regulatory framework of the Indian electricity sector.