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Daily Archives: August 8, 2011

Delhi announces draft RPO targets till FY 2016-17

According to reports, the Delhi Electricity Regulatory Commission (DERC) has finally issued regulations for the Renewable Purchase Obligation. Although the regulations are still in the draft from and could be revised before a final regulation is issued, the development is more than welcome as all states have issued RPO regulations.  The DERC has issued RPO targets for FY 2011-12 to FY 2016-17. For FY 2011-12, the total RPO would be 2% of the state’s power consumption during the financial year. ... Read More »

Platina Partners buys 15 megawatts of solar projects planned for India

As readers of Panchabuta are aware, Solar in India is at a very interesting stage. India has been identified as the top target to become the new Germany for Solar based on Lux research analysis and our own understanding of the developments that are taking place in India. We continue to believe that solar will take off in a very big way from the middle of the next plan period if the government persists with its Jawaharlal Nehru National Solar ... Read More »

First Solar’s planned shipments to India grows to more than 200MW this year

First Solar in its Second Quarter 2011 Earnings Conference Call said that the Q2 net sales was about $533 million, about 6% lower than last quarter, primarily due to lower average selling prices. Solar PV’ policy uncertainties in Italy, Germany and France adversely impacted demand in the second quarter. Module manufacturing and cost per watt was $0.75, was  flat quarter-over-quarter. The benefit of the modules from low-cost manufacturing sites was offset by FX, lower line throughput, higher spending and factory ramp costs. ... Read More »

Smart mini-grid for reliable power

Smart mini-grid for reliable power  India must address its electricity sector challenges if it wants to maintain its high economic growth over the long run. The continuing electricity shortage poses a threat to the country’s growth. While the significance of large-sized conventional power plants cannot be over-emphasised, there is also a need to focus on distributed generation, especially from locally available renewable energy sources. Electricity available from such decentralised generating stations would be consumed locally, which should obviate the need ... Read More »

India could become a Renewable Energy powerhouse if it invests in Research & Development

According to reports, with India attracting $4 billion in private investments in clean energy in 2010, there was little hyperbole in the initiatives named by Union Minister for New and Renewable Energy Farooq Abdullah at the New Indian Express-Columbia University Conference on Clean Energy in New Delhi on Thursday, last week. As Prabhu Chawla, Editorial Director, TNIE, pointed out in his introductory remarks: “We need a projected 900,000 MW of energy by 2030 but we have to get it in ... Read More »

IFC invests US$15mn in India’s Shalivahana Green Energy

Earlier this month,Karin Finkelston, IFC’s newly-appointed vice-president for Asia said that in the coming year, IFC will again invest up to $1 billion in India and that probably a quarter of that would go towards clean technology investments. In March this year, we had mentioned that the International Finance Corporation (IFC) has announced corporate equity financing of up to $15 million (around Rs 69 crore) to Andhra Pradesh-based Shalivahana Green Energy Limited (SGEL), a privately owned entity producing power based on ... Read More »

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