SOLAR SUBSIDY FOR HOMES
Karnataka to set up solar park in Madhugiri, boost renewable energy production: Minister K J George
The Karnataka government plans to establish a solar park in Madhugiri taluk, following the success of the Pavagada Solar park in Tumakuru. The park will be developed in a strategic partnership with Tehri Hydro Development Corporation India Limited (THDCIL), owned by the central government. The project aims to enhance environmental stewardship and energy security in the state.
China says escalation by EU over EV imports could trigger 'trade war'
Last week, the European Commission proposed tariffs of up to 38.1% on electric vehicle imports from China despite Beijing's protest, plunging trade ties to a new low and risking punitive retaliatory action. "The European side continues to escalate trade frictions and could trigger a 'trade war'," a statement attributed to the commerce ministry's spokesperson said. "The responsibility lies entirely with the European side."
Solar power and EV policy on priority list of Delhi govt once MCC is lifted
With the conclusion of the country's largest electoral activity and the impending lifting of the Model Code of Conduct, various pending government initiatives and projects in Delhi are poised to gain momentum, as per ToI reports. Among the numerous initiatives of the Delhi government, the mohalla bus service scheme and the second edition of policies regarding electric vehicles and solar power await approval.
How rooftop solar is reshaping energy consumption
India is undergoing a rooftop revolution with the development of solar technology, reshaping energy consumption patterns. The country aims to achieve ambitious renewable energy goals, focusing on rural electrification for inclusive development.
Rooftop solar scheme: 100,000 hands to be trained to put solar panels in homes
Besides trained manpower, another challenge for such a scale of implementation would be the need for a large number of vendors. An official said the government is also looking to train 50,000 vendors for entrepreneurship.
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Modi govt's new solar scheme has three big hurdles
The government has launched a new scheme to encourage the installation of solar panels on rooftops, aiming to triple renewable capacity by 2030. The program provides subsidies to install grid-connected systems, allowing households to reduce electricity bills and sell extra power to the grid. However, challenges remain, including difficulties with electricity distribution companies (DISCOMs) and a lack of skilled workers. Despite these hurdles, the initiative is expected to create jobs and significantly reduce CO2 emissions.
Giant batteries are transforming the way the U.S. uses electricity
Power companies across the US are using large batteries, similar in size to shipping containers, to tackle the main drawback of renewable energy: the inconsistency of wind and solar availability.
For 3rd term, BJP eyes rooftop solar to get to the masses
BJP's plan for energy independence by 2047 includes rooftop solar outreach, 300 GW solar by 2030, and clean energy excellence center. They aim to challenge China's dominance in renewable energy sector.
Caught in a solar flare
The approved white list of domestic module makers is a big mistake. No country in the world has tried to improve domestic manufacturing through tariff as well as non-tariff barriers plus capex linked incentives the way India has done.
Free electricity under PM Surya Ghar Muft Bijli Yojana: How much can you save, what is the subsidy
PM Surya Ghar Muft Bijli Yojana: The government recently launched a campaign for raising awareness and generating applications from interested households for Surya Ghar Muft Bijli Yojana for Roof Top Solar Scheme.
Here are the big hurdles to the global push to build up renewable energy
Renewables have much higher up-front costs to build wind farms, solar arrays and more, and that borrowing costs money.
Wind and sun are free, but it's harder to get renewable energy projects built these days. Here's why
It's not easy when headwinds from the post-pandemic global economy - including high interest rates and inflation - are holding back often costly investment in wind, solar and other forms of clean power.
Here are the big hurdles to the global push to build up renewable energy
The global goal to triple renewable energy by 2030 is hindered by the post-pandemic global economy. High interest rates, higher upfront costs for renewables, and increased borrowing costs make it harder to fund new projects. To cover these costs, the agreed price of electricity flowing to the grid is often raised. Costs for electric cables, power turbines, construction materials, and services are also rising.
Power demand to grow 8-9% in India, capacity will grow, but cost will fall from 2030: Praveer Sinha, Tata Power
Praveer Sinha discusses challenges in the power sector, emphasizing the upcoming reduction in power costs by 2027-2030. He underscores the crucial role of battery storage in the transition to clean energy for reliable 24x7 power availability. Sinha says energy transition is a big thing because it is the need of the hour with concerns about climate change and sustainability.
PM Surya Ghar Muft Bijli Yojana: Solar rooftop installation loans of SBI vs Canara Bank vs Union Bank of India vs Bank of Baroda vs Bank of India
Bank loans to instal rooftop solar panels under PM Surya Ghar Muft Bijli: In the event of Repo Rate, which is 6.5% at present, getting reduced to say 5.5%, the effective interest rate for consumer will become 6% instead of the current 7%
Bans on electric cars and solar panels? It’s not so implausible
The European Union, which doesn’t impose tariffs on photovoltaic imports, installed nearly twice as much solar last year as the US, and more than seven times as much as India, despite weather that’s far less suited for the technology.
Who is eligible to apply for free electricity under PM Surya Ghar Muft Bijli Yojana?
Who can apply for PM Surya Muft Bijli Yojana: After opting for PM Surya Muft Bijli Yojana, households will be able to save money on their electricity bills while also earning more money by selling surplus power to DISCOMs.
Applying for PM Surya Ghar Muft Bijli Yojana: Postal department starts registrations for solar rooftop scheme; Know details
PM Surya Ghar Muft Bijli Yojana update: The Department of Posts has started a registration campaign for the PM Surya Ghar: Muft Bijli Yojana. Postmen will assist households in registration.
PM Surya Ghar Muft Bijli Yojana: Step-by-step guide on how to get subsidy in your bank account within 30 days
PM Surya Ghar Muft Bijli Yojana: The Government has launched a massive campaign since the launch of the scheme for raising awareness and generating applications from interested households for the solar rooftop scheme. Households can register themselves on https://pmsuryaghar.gov.in to avail benefits under the scheme.
India wants to hook its population onto clean energy by boosting rooftop solar
India is streamlining the process for rooftop solar connections with government support and subsidies. However, the country still falls short of its targeted 40 gigawatts of rooftop solar power by 2022. Consumer awareness and buy-in from electricity companies are key to growth. Bureaucratic hurdles have been challenging, but interest in rooftop solar technology is increasing.
Shout from the rooftop: Solar subsidy for homes may go up to 60 per cent
There are two parts to the implementation of the scheme. In one, the SPVs will reach out to consumers having up to 3kW of load and the 40% non-subsidised portion of the capital cost would be loaned by the SPV. The excess power units that will be generated through the rooftop solar project on such households, monitored through virtual net metering, will go towards paying off the loan by the SPV.
India missed 2022 solar rooftop target. Will new policies help meet the revised deadline of 2026?
India's solar power generation target of 100 GW by 2022 was missed, with only 63.3 GW generated. Rooftop solar energy generation was just 11 GW, far short of the 40 GW target. Experts are unsure if the new deadline of March 2026 will be met. Rooftop solar is important for affordable power, reducing dependence on the grid, and improving access to electricity in remote areas. Lack of awareness, high initial costs, and lack of financing options are hindering residential adoption.
PSUs to charge up government's rooftop solar scheme
Guidelines to be announced soon would allow PSUs to cover the installation cost for the solar systems and offer a rent for using the rooftop of houses having a low power demand to make the proposition attractive, people privy to the plan told ET. The companies could recover the investment by the sale of excess electricity after consumption by the households.
From the US to India, tax officials across geographies aremaking your energy more costly and dirty
While an elaborate network of government restrictions are being erected around clean technology, fossil fuels remain largely exempt.
Rooftop solar potential could be critical to energy transition in India, should be incentivised: Study
A report by the Council on Energy, Environment and Water (CEEW) reveals that over 25 crore households in India have the potential to deploy 637 GW of solar energy capacity on rooftops. Deploying one-third of this potential could support the entire electricity demand of India's residential sector.
Germany halts e-cars solar subsidy programme amid high demand
Around 33,000 applications submitted within 24 hours of its launch resulted meant that the earmarked funds had been exhausted, a spokesperson for KfW bank told Reuters.
Small solar power firms eclipsed in India's renewable energy race
India's small-scale solar manufacturers and service providers are floundering as larger companies enter the market, strict tender rules are imposed and regulations around quality control are tightened. Many are diversifying, shutting down or downsizing. The market is being consolidated in the hands of a few big companies, while the benefits of the booming sector are slowly being lost.
JK to push solar energy to cut consumers' electricity bills
JAKEDA Assistant Executive Engineer Khalid Raja said in the case of consumers using less energy than what is generated by their plant, the excess energy will be banked in their account for later use. "The government is providing subsidies on setting up the power plant which is up to 65 per cent of project cost. The consumer has to provide only 35 per cent," he added.
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