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COVID-19 led to dramatic fall in funding, capital cost of solar: IEEFA

By : Sustainability ..., Jun 10, 2020

One of the most relevant impacts of the COVID-19 pandemic has been the collapse of interest rates in the global developed markets, according to Tim Buckley, director of energy finance studies South Asia at the Institute for Energy Economics and Financial Analysis (IEEFA). “...

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America's DFC to invest $350 million in India

By : Sustainability ..., Jun 8, 2020

The US International Development Finance Corporation (DFC) is looking to invest $350 million in multiple projects in India to support the country’s financial services sector, health infrastructure, renewable energy and food security. DFC, known as America’s development bank,...

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Boost for zero-emission sources as global capital backs Indian solar power

By : Sustainability ..., May 26, 2020

Indian solar power continues to draw foreign capital as plunging tariffs offer ample opportunities to invest in clean, zero-emissions energy sources. A study jointly commissioned by US-based think tank Institute for Energy Economics & Financial Analysis (IEEFA) and JMK...

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Gurugram-based JBM Solar plans to set-up 100 MW projects by next year

By : Sustainability ..., May 15, 2020

Gurugram-based independent power producer JBM Solar, part of the JBM Group, is planning to set-up 100 megawatt (MW) of solar power projects by next year, it’s Executive Director Nishant Arya told ETEnergyWorld. "We have 100 MW projects in the pipeline, which will be completed...

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India is the world's fifth-largest energy economy; Ranked 3rd on renewable energy

By : Sustainability ..., May 7, 2020

India ranks at the fifth position among the countries of the world when it comes to the size of its energy economy, measured by the combined revenue of energy companies. The country also ranks 3rd on renewable energy investment and future plans, according to a new study by...

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TN plans ₹250-crore solar rooftop units and a solar-powered EV charging station

By : Sustainability ..., Mar 16, 2020

Tamil Nadu Electricity Minister P Thangamani on Friday announced that more than ₹750 crore worth of projects that include rooftop solar units, implementation of prepaid meters and other customer-friendly initiatives for 2020-21. In order to promote solar power in the State,...

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Off-grid energy investment at $2.1 billion in the last decade: Wood Mackenzie

By : Sustainability ..., Mar 12, 2020

Close to $2.1 billion in cumulative disclosed corporate-level investment was deployed into off-grid energy access markets between 2010 and 2019, Wood Mackenzie has estimated. Off-grid refers to power generated and consumed locally either on a standalone basis or through a...

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India’s renewable energy generation grows 9.46 per cent in Jan 2020

By : Sustainability ..., Mar 3, 2020

India’s power generation from renewable energy sources stood at 10.325 billion units (BU) in January 2020, a 9.46 per cent increase from 9.433 BU generated in the same month last year, according to provisional data released by the Central Electricity Authority (CEA), an arm...

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Off-grid solar expanded to $1.75-bn market over the past decade: World Bank

By : Sustainability ..., Feb 26, 2020

The off-grid solar sector has expanded into a $1.75 billion annual market serving 420 million users over the past 10 years with further scope for growth, according to a recent report by the World Bank. “Despite its strong growth trajectory, even more investments are needed...

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India achieves lowest cost of floating solar power globally

By : Sustainability ..., Feb 20, 2020

With the Indian floating solar photovoltaic (FSPV) industry still gaining ground, a recent report has said the country has achieved the lowest investment cost for a floating solar project in the world so far. “Recent bids results indicate a sharp decline in the investment...

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