Reliance Industries Limited, (India's most valuable company by market capitalization) just announced that it is developing the world’s largest single-site solar project across 859 square miles of arid land in Kutch, Gujarat — an area three times the size of the country of Singapore. Courtesy: Mapsofindia Chairman Mukesh Ambani announced...
New Energy Minister Discloses Aggressive Expansion Plan
India’s energy demand is set to double by 2019, according to Piyush Goyal, India’s minister for power, coal and renewable energy. "It’s a huge investment opportunity of nearly $250 billion over the next four to five years, including$100 billion in renewables and $50 billion in transmission and distribution. In recent...
Minister of Energy (Power) Sets Lofty Targets
Piyush Goyal is the current Minister of State with Independent Charge for Power, Coal, and New & Renewable Energy in the Government of India. A graduate of law and accountancy, Goyal was a management consultant and an investment banker before he became a full-time politician. He has participated in Leadership...
SunEdison Wins 150 Megawatt Project in Karnataka
St. Peters, Missouri-based SunEdison Inc. won a bid to build 150 megawatts of solar projects in southern India’s Karnataka state. The company will build and own the five projects for Karnataka Renewable Energy Development Ltd. SunEdison was one of 44 developers vying to build 500 megawatts of projects in the...
India plans Asia's first tidal power project
UK Company Atlantis Resources announced that it will be building a 50 MW tidal power project in Gujarat's Gulf of Kutch. The project, a first for Asia, could be scaled up to 200 MW in the future, according to the company. Previously the state of Gujarat has announced plans for...
India: the next hot solar power market?
India is the next best market for solar energy, according to a Lux Research report. The country has abundant sunlight, exploding demand, and a gigantic, mostly off-grid population. Examining emerging markets for solar power, the company considered the quality of the solar resource, current electricity demand and favorable regulatory environment....