A view of the Rewa solar plant (DeshGujarat)
India s renewable energy sector has seen investments of as much as $70 billion (Rs 5.2 lakh crore) over the last seven years as per details shared by Union Minister for Power and New and Renewable Energy RK Singh,
Economic Times.
Addressing an event on Accelerating Citizen-Centric Energy Transition , Singh added, India has a liberal foreign investment policy for renewables allowing 100 per cent FDI through the automatic route in the sector.
Singh emphasised that ensuring ease of doing business is the Government s utmost priority and also added, Our continuous focus is on maintaining the sanctity of contracts and safeguarding investments.
The identified projects have a potential for nearly Rs 6 lakh crore of investments and the capacity to create around 1.5 million new jobs. The identified areas include utility scale renewable energy power generation, rooftop solar PV deployment, decentralised RE power generation, original RE equipment manufacturing, and electric vehicle charging infrastructure.
The manufacturing complains have claimed that Chinese solar manufacturers like Longi, Jinko, and Trina are selling in India below their cost price, in an effort to dump their goods and corner the market entirely. Later on, due to supply chain dependency, these companies will be able to monopolise the entire market while having very little competition.
Gautam Solar installs 1,000 solar pumps in Haryana
SECTIONS
Last Updated: May 04, 2021, 03:57 PM IST
Share
Synopsis
The company has installed solar pumps of 10 HP capacity at 1,000 different locations in Haryana under the PM Kusum Yojana, it said.
Agencies
The scheme was launched by the Ministry of New and Renewable Energy (MNRE) in 2019. It seeks to provide subsidies on solar pumps to farmers.
Gautam Solar on Tuesday said it has installed solar pumps at 1,000 different locations for farmers in Haryana under the Pradhan Mantri Kusum Yojana. The government has set a target of installing 15,000 solar pumps in Haryana within the first year of the scheme which aims at reducing farmers reliance on diesel-based generators and make it easier for them to access electricity, Gautam Solar said in a statement.
✖
Synopsis
Solar pumps and motor manufacturer Shakti Pumps gave multibagger returns over the past year. The company, benefiting from the shift to renewable energy, is aiming for INR5,000 crore revenue by 2025. There are some positives, but there are also some pertinent questions on how it will achieve this ambitious target. Besides, has the stock already peaked?
“The big money is not in the buying or the selling, but in the waiting.” Charlie Munger, American billionaire and investor. Charlie Munger and Warren Buffett, co-workers at Berkshire Hathaway, have both been proponents of the virtue of patience. In the world of value investing, patience rewards in the long run. And that’s exactly what helped investors in Adani Green Energy pocket manifold returns. Those tracking the stock market closely would