In terms of geographical conditions, the state is quite adept of harnessing solar energy and sees around 280 to 300 sunny days in a year with 8 to 10 hours of sunlight each day.
The New and Renewable Energy Ministry on Thursday denounced a Crisil report that stated the ministry may miss the renewable energy target by 42 per cent.
The reduction in prices was mainly on account of low demand, improved coal supply, extended monsoon and improved hydro power generation.
The per capita annual energy consumption in Lakshadweep is expected to rise from 657 units to around 962 units by FY19.
US assistant secretary of state for energy Francis Fannon says Indian solar developers should put quality, service and diplomacy above one-time expenditure.
The state regulator’s approval for adoption of tariff is required within two months after signing the power purchase agreement (PPA) or the power sale agreement (PSA), whichever is first.
According to a weekend report by Crisil, this target is set to be missed by a full 42% as the industry has been witnessing fast waning interest from developers since the past fiscal.
The Delhi Electricity Regulatory Commission(DERC) in its order last month found default on the part of the three power discoms in meeting their RPO.
In the interim, the court directed the discoms to make payments for the pending bills and future bills at the rate of Rs 2.43 per unit for wind power plants and Rs 2.44 per unit for solar power plants.
HomeScape Solar plant cuts down electricity bill by as much as 90 per cent, pays for itself in as low as 4 years, and also gives as high as 30 per cent return on investment.
In the present scenario, the investor sentiment is low in the renewable energy sector which is evident from lukewarm response to auction for clean energy projects due to regulatory issues.
A target of installing 449 MW of solar capacity by the year 2022 has been ascertained by the government and Dadra & Nagar Haveli administration.
The US has been pushing for a broader role by India in the Indo-Pacific region in the backdrop of China's rising military maneuvering in the region.
Under the scheme, people can install solar panels for electricity generation on the roof of their houses, and if there is surplus electricity, they can sell it to the power grid.
The order can be useful in deciding fate of renewable energy contracts in Andhra Pradesh.
Appealing to the new graduands to develop entrepreneurship skills, the Minister said they should not thinking of taking up new jobs but create new opportunities.
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