India’s major scheme to alleviate the debts of its distribution companies (Discoms) now covers 90% of the aggregate debt of all Discoms after the state of Tamil Nadu joined the programme today.
India’s expected four-fold rise in energy demand over the next 15 years will open “immense business opportunities” for Japan in the sector in India, according to Indian energy and mines minister Piyush Goyal.
The Indian states of Telangana and Assam have joined the government’s major rescue package for the country’s debt-laden distribution companies (Discoms), on the same day that a web portal and mobile app for the scheme was launched.
Even though monkeys were allegedly wreaking havoc on India’s solar rooftop systems last year, 2016 was remarkable for the Indian PV sector. With solar taking 1% the nation’s electricity share and India set to become the world’s third largest market in 2017 , Bloomberg New Energy Finance has proclaimed that ‘solar is king of Indian renewables’. Add the completion of the world’s largest solar plant to these accolades and you have a good indicator of the South Asian giant’s ambitions. Even India’s biggest oil, steel and mining companies are getting on board the solar rush.
Indian minister for energy and mines Piyush Goyal has said that the whole world laughed at India when it announced its plans to reach 100GW of solar power by 2022. Azure Power progresses on 14MW rooftop for Delhi Metro. Fonroche divests from India to focus on Latin America.
More than 16,000 Indian households across 800 remote villages will be given a solar panel, with an eight-hour battery storage backup, according to the Indian minister for power, coal, new and renewable energy and mines, Piyush Goyal.
India may be falling short of its aspirational renewable energy targets, but strong installation progress and rates of growth, particularly in solar, are buoying the sector.
Indian minister for energy and mines Piyush Goyal has said that distribution companies (Discoms) failing to implement the priority status for renewbale energy plants is hampering the industry.
India’s green energy corridor plan has seen 250MW of transmission capacity completed around Anantpur with a further 1.25GW due in 2017 in the Andhra Pradesh state.