Month: November 2016

Modi Said to Plan $3.1 Billion Boost for India’s Solar Factories

by renovera | November 13th, 2016

Prime Minister Narendra Modi’s government is planning a 210 billion-rupee ($3.1 billion) package of state aid for India’s solar panel manufacturing industry, according to two officials. The so-called Prayas initiative, short for “Pradhan Mantri Yojana for Augmenting Solar Manufacturing,” a central-government plan designed to lift India’s installed photovoltaic capacity as well as to create an export industry, according to two senior government officials with direct knowledge of the ...

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No One Saw Tesla’s Solar Roof Coming

by renovera | November 13th, 2016

On Friday evening as the sun descended over the old Hollywood set of “Desperate Housewives,” Elon Musk took to a stage and fired up his presentation about climate change. It was a strange scene, with hundreds of people crowded into the middle of a subtly artificial suburban neighborhood. It wasn’t until about a minute into the speech that Musk casually let the crowd in on Tesla’s big secret. “The interesting thing is that the houses you see around you are all solar houses,” Musk ...

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Renewables Are Outpacing Coal in India

by renovera | November 13th, 2016

In the race to fully energize India, renewables are beating coal. That is one of the most surprising findings in the new report Financing India’s Clean Energy Transition, which was researched and written by Bloomberg New Energy Finance with support from the David and Lucile Packard Foundation. According to the report, released earlier this month, renewable capacity (not including large hydro) is being added at a quicker clip in India than that of its dirty competitor. In fact, renewable...

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India’s solar power set to outshine coal

by renovera | November 13th, 2016

Solar power in India will be cheaper than imported coal by 2020, but replacing the subcontinent’s fossil fuels with renewable energy is an enormous task. India wants to provide its entire population with electricity and lift millions out of poverty, but in order to prevent the world overheating it also needs to switch away from fossil fuels. Although India is blessed with ample sunshine and wind, its main source of energy is coal, followed by oil and gas. Together, they provide around 90...

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Government extends subsidy scheme to solar-powered cold storages

by renovera | November 12th, 2016

NEW DELHI: In a bid to boost the use of solarpowered cold storages, the Ministry of New and Renewable Energy has extended its subsidy scheme to solar refrigeration units as well. Most solar powered items, including solar lamps and solar heating systems, enjoy a 30% subsidy under different MNRE programmes. "Solar-powered cold storages are still at an experimental stage. We hope the subsidy will encourage their use," said Tarun Kapoor, a joint secretary at the ministry. There are barely 10 sola...

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