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According to the IREDA, issues such as accelerated depreciation are being now discussed and we should be able to announce the plans soon

India, which hopes to attract $16 billion in renewable energy investments by 2012, will soon announce new policies to cut the cost of investment in the green sector, the chief of India’s renewables agency said on Thursday. Proposals include financial incentive models linked to units of green power generated and tax cuts based on accelerated depreciation benefits. India currently has an investment-linked incentive policy.

“Issues such as accelerated depreciation are being now discussed and we should be able to … Continue Reading

Until five years ago Japan made around half of the world’s solar cells, thanks to its thirst for native energy and its expertise in the related fields of computer chips and flat screens for televisions. Sharp, which alone has made a quarter of all the solar cells ever produced, dominated the industry. But as solar technology matured and demand grew, new companies emerged, notably in China and Taiwan, eroding Japanese firms’ share of the market to around 20%. Sharp slipped to fourth place among manufacturers in 2008, after Q-Cells of Germany, First Solar of America and Suntech of China. … Continue Reading

MNRE along with the Indian Semiconductor Association (ISA) and IREDA organized a one-day seminar in New Delhi to share the details of the recently announced unified solar photovoltaic (SPV) program to promote the use of decentralized SPV systems for various applications in rural/ urban areas and SPV roof top systems for diesel saving in urban areas.The seminar was organized to share the view of the concerned stakeholders such as manufacturers of solar PV modules and equipment, system integrators, service providers, consultants, banks and financial institutions, and reputed NGOs on the programme. The main objective of the seminar was … Continue Reading

Sh. Vilasrao Deshmukh dedicates the new state-of-the-art plant to the nationAs another step towards supporting the Government of India’s Green Energy Initiative, Bharat Heavy Electricals Limited (BHEL) has enhanced the Solar Photovoltaic (PV) Module manufacturing facility at its Electronics Division, Bangalore, from 3 MW to 8 MW per annum. The company’s new state-of-the-art, upgraded unit was dedicated to the nation today by Sh. Vilasrao Deshmukh, Hon’ble Union Minister for Heavy Industries & Public Enterprises, in the presence of Sh. Arun Yadav, Hon’ble Union Minister of State for Heavy Industries and Sh. Ananth Kumar, Member … Continue Reading

Two of the eight missions in the National Action Plan on Climate Change were ready for implementation through the cabinet-level decisions regulatory mechanisms and even through legislation if necessary, said Shyam Saran, the special envoy of the Prime Minister on climate change, here on Friday.The National Solar Mission and the National Mission for Enhanced Energy have already been through by discussions and evaluation by the Prime Minister’s Council on Climate change, Mr. Saran said at the Environment and Energy Conclave 2009 hosted by the Bengal Chamber of Commerce and Industry.“The Prime Minister has said that the … Continue Reading