India to organize renewable energy investors meet in Feb 2015

In the build up to PM Modi’s visit to US last month it was widely reported that India was setting herself a target of 100GW each of solar and wind power within the next decade. Within the visit itself ‘only’ a billion USD deal was signed. Now plans of the impending solar rush have emerged from several Read more >>

Modi & Obama launch An India-US Clean Energy Partnership

We were expecting a deal for 100 GW of solar and wind each, but it seems that will have to wait a little more. US Export-Import Bank and the Indian Renewable Energy Development Agency (IREDA) will get in to a USD 1 billion loan agreement for disbursal to grid-connected projects in India. This loan will Read more >>

MNRE pulls the plug on subsidy for solar water heaters

Finally MNRE has decided to discontinue the subsidy it was providing for solar water heaters. This was announced through a memorandum issued by the ministry a few days back. As per official announcement, the subsidies will stop from 1 October 2014.  All systems where invoices were issued before 12 August 2014 can be completed subject to their application Read more >>

3,500 solar pump sets to come up in Telangana and Andhra Pradesh

Solar pumps have been gaining a lot of traction since the announcement of mega plans during the this year’s budget. Solar pumps which were to be taken up in erstwhile Andhra Pradesh, will now to be divided between Andhra and Telangana in 58:42 ratio (on basis of population). The 5HP pump sets would cost about Rs. Read more >>

Residential solar PV leasing program in Australia

With solar electricity prices still tumbling relative to fossil electricity, it is expected to see more of these arrangements in the future. SunPower Corp. (San Jose, California, U.S.) has launched “SunPower Choice“, a new pilot leasing program to help residential customers in Melbourne, Australia, finance a solar photovoltaic (PV) system for no money down. SunPower Read more >>