Coronavirus outbreak is being treated as a “Force Majeure” event by Indian Government. The Ministry Of New & Renewable Energy (MNRE), on March 20, had announced that “delay on account of disruption of the supply chains due to spread of coronavirus in China or any other country” would be seenContinue Reading
The government on Friday has invoked Force Majeure clause and has directed all the renewable energy (RE) implementing agencies under the Ministry of New & Renewable Energy (MNRE) to treat delay on account of disruption of the supply chains due to spread of coronavirus in China or any other country.Continue Reading
Ministry of New and Renewable Energy (MNRE) said it has received requests for another five-month extension for renewable projects commissioning on top of its previous five-month extension between March 25, 2020, and August 24, 2020, amid the COVID-19 induced lockdown. It had previously issued directions to treat the lockdown asContinue Reading
India’s wind energy sector has been struggling so much that multiple developers, have quietly moved away almost exclusively to solar now, other than the odd Hybrid project that comes up. An indicator of this trend is a recent case that came up at CERC (Central Electricity Regulatory Commission), where ReNewContinue Reading
ACME Solar has cancelled a contract with state-run Solar Energy Corp of India (SECI) to supply power at the country’s lowest tariff due to project delays and uncertainty over the coronavirus, it told the federal electricity regulator. ACME cited land acquisition delays, the coronavirus outbreak and its impact on suppliersContinue Reading
The New York Stock Exchange-listed firm, Azure Power has said that its revenues are not affected by COVID-19 pandemic. They are comfortable with their revenue and operating megawatt guidance for financial year 2019-20 (FY20) and FY21. For FY20, the revenues are expected to be between Rs 12,900 million to RsContinue Reading
According to a CRISIL report, the Coronavirus crisis will likely affect India’s solar industry to the tune of ₹16,000 crore, or 3GW. As of January 2020, India installed 35GW and without fast paced installation, it is very likely to miss its ambitious target to install 100 giga watt (GW) solarContinue Reading
Clean Future is fortunate to have Pratik Gauri, Partner & India CEO – 5th Element Group who has also been recognized as a Greenbiz 30 Under 30, BP Scholar, WEF Global Shaper, an Ambassador at One Young World and a Climate Leader trained by US Vice President Al Gore. HeContinue Reading
