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Survey highlights cost and skill challenges in India’s solar energy adoption
A recent survey, “Solar Spectrum of New India,” by Luminous Power Technologies, reveals rising consumer interest in solar energy in India, yet highlights affordability and skilled labour as key barriers. The survey indicates that 52% of respondents would consider solar power with better financing options, while 92% see installation costs as a primary deterrent. Despite 76% of participants noting easy access to solar technologies, high costs remain a hurdle, especially in price-sensitive areas. Regional insights…
Four developers shortlisted for Rajasthan HVDC-based ISTS scheme re-tender
Four developers, Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, Adani Energy Solutions Ltd (AESL), and India Grid Trust (IndiGrid), have been shortlisted for the development of an interstate transmission system (ISTS) scheme in Rajasthan. The scheme, “Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III Part I,” involves high-voltage direct current (HVDC) infrastructure and was re-tendered in August following the annulment of the original bidding process. Housed under…
Power ministry to launch Rs 10 billion scheme for MSME energy efficiency
The Ministry of Power (MoP) is set to launch a Rs 10 billion scheme to support energy efficiency initiatives among small and medium businesses, aiming to incentivize adoption of energy-efficient technologies. Under the Bureau of Energy Efficiency’s ADEETIE scheme (Assistance in Deploying Energy Efficient Technologies in Industries & Establishments), the plan will provide interest subvention of approximately five percent for small enterprises and three percent for medium enterprises. Technologies covered include automation systems for resource…
US, Sweden sign MOU for nuclear energy cooperation
The US and Sweden have signed a memorandum of understanding (MOU) to bolster domestic nuclear production through bilateral cooperation. The agreement was signed by Sweden’s Minister for Energy, Business, and Industry Ebba Busch and US Secretary of Energy Jennifer Granholm in Washington, DC, on August 1. The MOU aims to facilitate the exchange of experience on nuclear policy, research, and innovation related to supply chains, financing models, skills supply, and the development of advanced nuclear…
ISTS scheme for green hydrogen units in Tuticorin approved
The National Committee on Transmission (NCT) has approved a Rs 26.17 billion interstate transmission system (ISTS) to support upcoming green hydrogen and green ammonia projects in the Tuticorin area of Tamil Nadu. The project, titled “Transmission system for proposed green hydrogen/green ammonia projects in Tuticorin area,” will be implemented under tariff-based competitive bidding (TBCB) with REC Power Development & Consultancy Ltd (RECPDCL) serving as the bid process coordinator. The project will be completed within 30…
NTPC Green receives SEBI approval for Rs 100 billion IPO
NTPC Green Energy, a subsidiary of NTPC Ltd, has received final approval from the Securities and Exchange Board of India (SEBI) to proceed with its Rs 100 billion initial public offering (IPO). As India’s largest public sector renewable energy enterprise (excluding hydro) by capacity and power generation in FY 2024, NTPC Green Energy initially filed its IPO documents with SEBI on September 18, 2024. As of June 30, 2024, NTPC Green Energy managed 37 solar…