News

Overcoming Water Shortage by means of Solar Power

Water and its management is the biggest challenge that India is facing today. Nearly 600 million people, half of the country’s population, are facing high to extreme water stress. About 70 per cent of the water is contaminated and is not fit for drinking. And by 2030, India’s demand for water is likely to become…

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World Bank and AFD Initiates Solar Risk Mitigation in Emerging Economies

The World Bank and Agence Française de Dévelopement (AFD), France’s public development bank, have announced that they are jointly working on a Solar Risk Mitigation Initiative (SRMI) to deploy solar plants in some of the world’s poorest countries. The initiative will cover policy, technical, and financial issues regarding development of solar energy in these countries. The initiative’s integrated approach…

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MNRE to Redress VGF Program Guidelines for Solar Projects Yet Again

The Ministry of New and Renewable Energy (MNRE) has amended the guidelines for the execution of its scheme under which the government aims to develop 5 GW of solar projects with Viability Gap Funding (VGF) under the fourth batch of the National Solar Mission (NSM) Phase-II. According to the new amendment, if there is a…

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