# India extends USD 100 mn LoC to Sri Lanka

India has extended a USD 100 million Line of Credit to Sri Lanka to finance projects in solar energy sector. Key Points Agreement was signed between Sri Lankan government and Export-Import Bank of India. This LOC will also ensure that Sri Lanka’s 70 percent power requirements are fulfilled by renewable energy sources by 2030. LOC ..

# USAID & DFC to Finance Renewable Energy in India

United States Agency for International Development (USAID) and US International Development Finance Corporation (DFC) have announced for a $41 million-loan guarantee program in order to finance the investment in the renewable energy solutions by Indian Small & Medium Enterprises (SMEs). Highlights The USAID and DFC are jointly sponsoring the$41 million loan portfolio guarantee. This ..

# PM Modi dedicates “Rewa Solar Project” to the nation

On July 10, 2020, PM Modi will inaugurate the 750 MW of Rewa Solar Project. It is Asia’s largest solar power project. It is located in the Rewa district of Madhya Pradesh. Highlights The Rewa project consists of three solar generating units of 250 MW each on a 500 hectare land. On the whole, the ..

# Solar Energy Route for Doubling Farmers Income

The government had committed to double the farmer’s income by 2022. But the recent submission by the Minister of State for Agriculture had accepted the present policies adopted by the central government are falling short in fulfilling this commitment. One way for filling the gaps can be traced to the idea mooted by the Finance ..

# Gujarat tops in solar rooftop installations

In the area of solar rooftop installations, Gujarat has stood first in the country with total 261.97 megawatts (MW) of installed rooftop solar capacity as on July 23, 2019. Gujarat is followed by Maharashtra (198.52 MW) and Tamil Nadu (151.62 MW), respectively. As per the Central government data, the total rooftop solar installations in India ..

# Rain damages Asia’s largest solar Power project in Rewa

In Madhya Pradesh, continuous rain has damaged Asia’s largest solar Power project in Rewa. The damage was caused after heavy rain triggered a mudslide. Now the rain has stopped, and experts are busy repairing this power plant. As per the estimates, this project has suffered a loss of more than Rs 20 crores by rain. ..