MNRE: Subsidy Reduction and Home Loan Initiative for Rooftop Solar
The Ministry of New and Renewable Energy (MNRE) has set a target of 40,000 MWp of Grid Interactive Solar Rooftop systems during the next 5 years. However, it has proposed to reduce the capital subsidy for Solar PV for Rooftop
MNRE Finalizes Scheme for Development of Ultra Mega Power Projects
Ministry of New and Renewable Energy (MNRE) on 18th December 2014, has notified the final scheme for the development of Solar Parks and Ultra Mega Solar Power Projects in the country. The scheme aims to add 20 GW of solar
MNRE to soon roll out draft Renewable Energy Act
According to an article in Indian Express, MNRE (Ministry of New & Renewable Energy) is planning to notify its first draft of Renewable Energy Act for comments and suggestions. Earlier Prime Minister Modi led government decided to come up with a
Renewable Capacity Addition Drops in First Half of the fiscal year
The Renewable energy sector has seen a drop of 20% in the new capacity addition during the first half of the fiscal year 2014-15, when compared to previous year. The capacity addition during the same period in previous year was 1376
MNRE Releases Draft Guidelines for 3000 MW Solar Under JNNSM
Ministry of New and Renewable Energy (MNRE) has recently released the draft guidelines for selection of 3000 MW grid connected Solar PV Power Projects under Phase-II, Batch-II & tranche-I of JNNSM. Under Part-I of Tranche-I, 1000 MW Solar PV Projects would
Renewable Energy Act proposed for Feb, 2015
In the past decade, Renewable Energy in India has witnessed mixed growth curves. While Solar has shown relatively healthy growth year-on-year, wind energy capacity addition has suffered a setback in the recent years, while Biomass and Small Hydro have also
MNRE Draft Scheme for Ultra Mega Solar Power Projects
Ministry of New and Renewable Energy (MNRE) on 08th September has notified a draft scheme for the development of Solar Parks and Ultra Mega Solar Power Projects, and has invited comments and suggestions as soon as possible however no dates
REConnect Newsletter Volume 43 – OPEN ACCESS
Dear Reader, We are pleased to present Open Access Vol 43 – our monthly newsletter covering RECs and regulatory and market developments in the renewable energy space. The main article covers: The government announced the re-introduction of Accelerated Deprecaition for wind projects. This
Forum of Regulators discusses Issues of RRF
The 41st meeting of Forum of Regulators held on 27th June 2014 at Delhi. A presentation on the issue "Grid Integration of Renewable Energy Sources" was made by Mr. S.K. Soonee (CEO, POSOCO/NLDC). The mandatory requirement of Forecasting and Scheduling was also
Forum of Regulators discusses Issues of RPO
Forum of Regulators (FOR) held its 41st meeting on 27th June 2014, in Delhi. The Ministry of New and Renewable Energy (MNRE), through a presentation, raised several issues concerning Renewable Purchase Obligation (RPO). The Key issues highlighted in the presentations are