5 Top Stories From The Indian Solar Market In 2014

Make-In-India

2014 turned out to be quite a happening year in the Indian solar market. The announcements, which came in plenty, will go a long way in gearing up the market for a stable and promising future.The cumulative installations in India crossed the mark of 3000 MW a little over a month back.Mercom … [Read more...]

MNRE Announces Major Subsidy Revisions For Rooftop Solar

rooftop-solar

Bogged down by subsidy disbursal issues, and taking a cue from falling prices in the solar market, Ministry of New and Renewable Energy (MNRE) has decided to limit consumers who can avail subsidy benefits for installation of rooftop solar power plants. The Ministry has also indicated that it might … [Read more...]

Falling Oil Prices Will Not Bother Solar

PV panels installed in a village in India

About two weeks back, the OPEC (Organization of the Petroleum Exporting Countries) oil producers’ cartel decided not to cut output at its meeting in Vienna. Since then, oil prices have plummeted to a record five-year low.Saudi Arabia, the world’s largest oil exporter and OPEC’s most … [Read more...]

Solar Developers Now Prefer Madhya Pradesh Over Rajasthan

Having good amount of solar radiation is not enough to entice solar developers. No wonder Germany is where it is :D Here we are reviewing the case of Rajasthan vs. Madhya Pradesh. Slowly and steadily, the latter has been upping its game by creating a solar friendly investment climate. Currently MP … [Read more...]

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 … [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 … [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 … [Read more...]