SBI Gets 1,400 Crore Loan For Mega-Solar Projects

The loan will support a total investment in five different large-scale photo-voltaic solar power projects for India's National Solar Mission.

The European Investment Bank on Friday announced a euro 200 million (Rs. 1,400 crore) longterm loan to State Bank of India to finance mega-solar projects in the country. The loan will support a total investment of euro 650 million in five different large-scale photo-voltaic solar power projects for India's National Solar Mission. Four schemes, with a generation capacity of 530MW have been identified for the purpose.

The loan was announced, ahead of the inauguration by Finance Minister Arun Jaitley of the EIB's first permanent presence in India, by EIB President Werner Hoyer and Vice-President Andrew McDowell, responsible for the India and South Asia operations.

"Large scale investment in renewable power is essential to enhance affordable, reliable and sustainable energy. Unlocking new investment in large scale solar generation is crucial to ensure that renewable energy plays a leading role in India's energy mix in the years ahead," said McDowell, who had started a four-day visit to India.

This new project reflects the shared commitment of India and European Union to tackle climate change and implement the Paris Climate Agreement, he added.

SBI Managing Director B. Sriram said: "The new cooperation between SBI and EIB will scale up investment in large-scale solar power generation across India close cooperation between technical and financial teams from both institutions will ensure that world-class projects are supported."
The 20-year EIB loan, facilitated by SBI Capital Markets, will support individual solar power generation projects in Telangana, Tamil Nadu and elsewhere.

Since 1993, the EIB - owned by 28 member states of the European Union - has financed projects totalling 1.7 billion euros (around Rs. 11,900 crore).

During their visit, the EIB delegation will meet top officials of India Renewable Energy Development Agency and India Infrastructure Finance Ltd to discuss future support for renewable energy investments in India.

Source : http://profit.ndtv.com 

 

 

India's Solar Capacity Hits Record 5,526 MW

Solar power generation doubles from 3,010 MW of capacity in 2015-16 

India's solar energy capacity has expanded by a record 5,525.98 MW in 2016-17, according to the latest figures provided by the ministry of new and renewable energy (MNRE).

In comparison, India had added 3,010 MW of solar capacity in 2015-16, which shows that growth nearly doubled over the past year. Cumulative solar capacity currently stands at 12,288.83 MW, against 6,762.85 MW at the end of March 2016.  Officials said the ministry has strived hard to expand solar power generation as the power, coal, renewable energy and mines minister Piyush Goyal has set such ambitious targets that the growth is impressive even if it falls short of the target. The cumulative target the MNRE had set earlier was 17,000 MW by the end of 2016-17. “By the end of next year, our minister has committed to a cumulative target of 20,000 MW,“ said Santosh Vaidya, joint secretary at MNRE. “This would mean adding another 7,750 MW in 201718. Once we do so, we will have reached the Jawaharlal Nehru National Solar Mission (JNNSM) target two years in advance.“


The JNNSM had initially set a target of 20,000 MW of solar capacity by 2020.However, that was scaled upwards by Prime Minister Narendra Modi after he took over in 2014, raising it to 100,000 MW of solar power by 2022.

Among the states, Andhra Pradesh added the maximum solar capacity in 2016-17 (1,294.26 MW), followed by Karnataka (882.38 MW) and Telangana (759.13 MW). Other major additions were in Rajasthan (543 MW), Tamil Nadu (630.01 MW), Punjab (388 MW), Uttar Pradesh (193.24 MW) and Uttarakhand (192.35 MW).

With this year's additions, Andhra Pradesh now leads in cumulative solar capacity among states (1,867.23 MW) displacing Rajasthan (1,812.93 MW), which had been No. 1 for the past three years. Gujarat, which topped in solar generation for many years, is now at No. 4 with 1,249.37 MW, while Telangana with 1,286.98 MW is No. 3.

As in previous years, many projects were commissioned just in time to beat the year-end deadline. Of the 5,526 MW added, only 2,803.77 MW had been commissioned till February end, but it was followed by a spurt of more than 2,700 MW in March 2017.

“These projects were ready and were only awaiting their synchronization with the grid or state approval or signing of the power purchase agreement,“ said Vaidya.

Given the falling solar tariffs, use of solar energy is expected to keep in creasing. “We have seen how low tariffs have fallen at bids such as the one at the Rewa Solar Park,“ said Vaidya.The winning tariff at the last auction conducted for projects at the Rewa Park was Rs 2.97 per kwH for the first year, followed by small increases in subsequent years, well below the earlier benchmark price of Rs 4 per kwH for solar power.
“Renewable energy can be an energy alternative now and states can go beyond fulfilling their renewable power obligations (RPOs),“ Vaidya added.However, effective scheduling and forecasting for intra-state transmission of solar power is necessary to achieve future targets successfully. 

BSF Distributed Solar Lanterns and Other Useful Items to Villagers in Jaisalmer

 

 

 Solar street light, solar lamp, water tanks, medicines and other items of daily use were distributed to villagers by BSF under its welfare activities and civic action programme

18 battalion of BSF has reportedly distributed street solar light, solar lamps, water tanks, solar lanterns, solar plates, medicines and other useful items to villagers in Shahgarh Bulj area of Indo-Pak border in Jaisalmer under its welfare activities and civic action programme.

According to TOI the programme was inaugurated by BSF sector south DIG Naresh Kumar, commandant N K Neggi, second in command S N Goswami in presence of many other officers. BSF also organized medical health camp.  A senior BSF officials speaking to the publication said that the programme was organized under supervision of battalion commandant M K Neggi.

Source : http://www.saurenergy.com/news/

 

Energy @ cost of a smartphone

Jayashree Nandi

New Delhi:





Prices Of Rooftop Solar Panels Drop By Half

Solar panels on the rooftop that produce a kilowatt of power are no longer beyond the reach of ordinary citizens. Such a project will cost around Rs 60,000, even less if the central government's 30% subsidy is factored in. In fact, generating the energy to run two fans and two lights could come at the price of a high-end smartphone.The investment of around Rs 50,000 on putting up the solar panels would have a payback period of around three years. Till a year ago, generating each kilowatt of solar power cost upward of Rs 90,000.“Over the past 6-7 years, the prices of solar modules have fallen 85%,“ said Jasmeet Khurana, associate director (consulting), Bridge to India, a consultancy specialising in renewable energy . “This slide, coupled with increasing volumes, has led to the price crash.“

This has led to the notion that only large commercial projects stood to gain economically from solar power swiftly changing.
A kilowatt is equivalent to around 1400 units of power in a year, and the installed system would have a life of 25 years.All this requires is a shadowfree space of at least 120 square feet on the roof. The potential for rooftop solar power in the capital is 2200 MW; Delhi's peak power demand is around 6,600 MW .

The spokesperson of Tata Power Delhi Distribution Limited (TPDDL) told TOI, “Tapping solar power has become easier because the discoms now provide services such as installing net meters and facilitating subsidies.“ TPDDL, which caters to north and north-west Delhi, today has 150 domestic and commercial consumers who have installed projects with a capacity of 7 MW on their rooftops.
BSES Delhi, the capital's other discom, has around 300 solar rooftop generators, who produce 10 MW . “Consumers have begun to see how rooftop solar power generation reduces their electricity bills,“ said an official of the utility . “Aga inst around Rs 90,000 per kilowatt earlier, the Solar Energy Corporation of India now says the average cost in Delhi under a 500MW grid-connected project of a size bigger than 25kWp is just Rs 66,000.“

The payback period could be shorter if Delhi government's generation-based incentive of Rs 2 per unit offered for the first three years is taken into consideration. Commercial establishments, which are not entitled to this incentive, can still cut down on their energy expenses by opting for solar power generation. “Mid-sized commercial projects will also gain from the accelerated depreciation of 40% and income-tax benefit for their capital investment,“ said the TPDDL spokesperson.
Power department officials said the completion of vendor empanelment in a few weeks will facilitate consumers taking up rooftop projects. Pujarini Sen, campaigner for Greenpeace India, is happy with this. “Solar power is financially reliable and is simultaneously a step in the fight against air pollution,“ she said. “India has an ambitious target of 100GW of renewable energy by 2022, and all of us, as citizens, have a role to play in that.“



Source:- The Times Of India  

High time to use the nature’s gift for mankind

Erigeron energy is one of the leading solar solution providers in Gurgoan, Delhi & Delhi NCR. It is doing a really good job in providing solar solutions to all. We all face many difficulties in our day to day life because of the limited amount of resources which we can’t control but we can go green and use the nature’s gift to mankind for the future and get rid of the problems faced by us especially in summers. Some of the major problems we face in summers are high electricity bills due to high power consumption, environmental pollution, imbalance of power load & power cuts etc. We can avoid all of them by using green power or renewable source of energy i.e. solar energy .

Notwithstanding whether you have a business or work for another person. Power bills welcome you on an intermittent premise. They frequent you increasingly on the off chance that you work your own particular business. Add to it the swelling costs also. Consequently, consistently, you spend more on your power than the year before. But the circumstance changes the minute you have housetop sunlight based power system. Rooftop sun powered vitality era framework decreases the power bill to emotional levels. This diminishment in bill is an immediate sparing to the intermittent bills.

In summers, we all suffer from frequent power cuts for many hours that are very irritating. Now we have got an option to overcome this problem at very less cost and it a renewable energy so its environment friendly too. Then what are you waiting for? Go get your solar plant installed and beat this summer by going green at fraction of cost.

Now a day’s solar plant is widely being used in hospitals, apartments, school and many other places because it cost less then a generator. It has many benefits; in fact it is the value for money product. You all can get rid off high electricity bills, long hours of power cuts and many more problems by just installing one product.

Written by Suresh Kumar

About the Author : Suresh Kumar is blogger by hobby and Managing Director at Erigeron Energy Private Limited by profession. He has a deep interest in exploring renewable energy opportunities and a perfect solutions for the same.

India Is Going To Be the Sunshine Country Soon

India is getting ready to grant 750 megawatts of sun based limit in Madhya Pradesh and almost 1 gigawatt more by March, as indicated by state-run Solar Energy Corp. of India, the administration organization that directs India's sunlight based sell-offs.

In 2016, nations from Chile to the United Arab Emirates broke records with arrangements to produce power from daylight for under 3 pennies a kilowatt-hour, a large portion of the normal worldwide cost of coal power. With China and Japan joining the aggressive offering fleeting trend, as much as 25 gigawatts of sunlight based limit could be granted through closeouts this year all inclusive, as indicated by Bloomberg New Energy Finance.

India received closeouts in 2010 and is presently hustling to accomplish Prime Minister Narendra Modi's sun powered focus of 100 gigawatts of limit by 2022, an objective that is second just to China. The neighbourhood content prerequisite is just for 8,000 MW for housetop and land-based activities where the administration gives an endowment.

Amid 2017, the sunlight based part is probably going to add near 9 GW of limit—taking its general ability to 18 GW and the nation into the association of countries, for example, China, the US and Japan as far as sun oriented limit.

An aggregate of around 14.2 GW of sun powered ventures are right now being worked on and tenders for around 6.3 GW are still to be unloaded.

India is postponing a choice on requesting a debate settlement board at the World Trade Organization against household content controls in renewable vitality programs keep running by eight states in the US as it is planning to work out a "commonly gainful'' arrangement with the new administration under Republican pioneer Donald Trump.

"New Delhi is still cheerful that it could work out a bargain with Washington on the adaptable execution of the WTO decision against it in the sun oriented power program debate. It might choose not to request a board against US renewable vitality programs on the off chance that it gets an affirmation from the Trump organization on tolerance in the sun powered case," an administration official told BusinessLine.

A year ago India lost a body of evidence recorded by the US against obligatory residential sourcing of sun based boards and sunlight based modules under its national sun based power era program — the aggressive Jawaharlal Nehru National Solar Mission (JNNSM). It likewise lost an interest against the decision documented with the WTO's redrafting body.

"The term of execution of the decision, including the sensible time of usage, is vital for India as it could strongly affect the fruitful consummation of the JNNSM," the authority said.

India feels that the Trump administration may oblige as it has a solid body of evidence against the household content prerequisites and sponsorships gave by eight US states (Washington, Massachusetts, California, Montana, Connecticut, Montana, Michigan, Delaware and Minnesota) in the renewable vitality part. "Since we lost the body of evidence against residential substance necessity in our sunlight based vitality program, there is a decent possibility that the US, as well, would lose the case in the event that we request a board," the authority said.

Despite the fact that, the decision against India in the JNNSM case can't be turned around, the way it is actualized could have a major effect. For example, if the US is liberal and permits India the longest day and age of 15 months (allowed by the WTO under remarkable conditions) for execution of the decision, it may have the capacity to finish the second period of the JNNSM with no adjustments in the household content prerequisite standards.

New Delhi additionally needs that the US ought not demand that it re-work all power era contracts with residential substance provision which are legitimate for periods that keep running past the concurred usage period. "In the event that agreements must be re-worked, it would hit the mission truly," the authority said.

While the JNNSM expects to include 100,000 MW of sun oriented power by 2022, the neighbourhood content necessity is just for 8,000 MW for housetop and land-based ventures where the administration gives an appropriation.

Written by Suresh Kumar

About the Author : Suresh Kumar is blogger by hobby and Managing Director at Erigeron Energy Private Limited by profession. He has a deep interest in exploring renewable energy opportunities and a perfect solutions for the same.  

The Universe of Renewable Energy : The Solar Energy

Our universe is full of mysteries. The Solar System is one of them. Right from inception, the human civilization is trying to resolve and explore it. In this exploration, The Sun has been put on top. As The sun is the star at the centre of the Solar System. It is by far the most important source of energy for life on Earth. In paganism, the Sun was a source of life, giving warmth and illumination to mankind.

That is the reason why Solar deities and Sun worship can be found throughout most of recorded history in various forms, including the Egyptian Ra, the Hindu Surya, the Japanese Amaterasu, the Germanic Sól, and the Aztec Tonatiuh, among others.

The life runs on energy, that is collected from resources which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat. The Sun is the greatest source of energy and thus Solar Energy is the most readily available source of energy among all other available renewable and non-renewable sources.

Based on REN21's 2016 report, renewables contributed 19.2% to humans' global energy consumption. Worldwide investments in renewable technologies amounted to more than US$286 billion in 2015, with countries like China and the United States heavily investing in wind, hydro, solar and biofuels. While many renewable energy projects are large-scale, renewable technologies are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. Among other renewable energy sources, The solar energy has the ability to lift the poorest nations to new levels of prosperity.

Solar energy is the most important non-conventional source of energy, especially in case of India because India receives one of the highest solar radiation among all the countries. Solar power generation is viable across most of India, unlike hydro and wind resources which are concentrated in specific geographical regions. Strengthening the conviction is the fact that solar plants can be built near the point of consumption and thus the power produced by the solar system generally does not account for expensive transmission charges or requires infrastructure or transmission investments.

That is why, the Indian Renewable Energy Development Agency & Ministry of Non-conventional energy sources are making a suitable programme to have solar energy in more than a million households by the year 2022.

In India, there are many companies who see ‘Solar Energy’ as an opportunity and working extensively to make India as a ‘True Solar Power’ in coming years. However, to make the program successful people's participation is essential. Come together and make India a true solar power country.

Among them, Erigeron energy is one of the leading solar power solution providers in India based out of Delhi-Ncr and is working towards the development of green technology solutions, using solar as its core technology that is environmentally friendly, energy-efficient & cost-effective. The Company offerings are moulded to deliver quick returns on investments, which has helped it gain a good reputation in the market.

For details, please visit www.erigeronenergy.com