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Daily Archives: April 26, 2012

Module prices likely to fall, says report

According to reports, many in the solar industry feel that the drop in ‘module prices’ has bottomed out, and that there is not much room left for prices to fall. But a report by a market research firm, NPD Solarbuzz, has come up with a contrarian view. Its 2012 Marketbuzz report says that due to decline in global demand and continued over capacities in polysilicon, crystalline silicon module factory-gate prices will further decline by as much as 29 per cent in ... Read More »

Wind-turbine makers in India expect dip in installations

According to reports, The Indian Wind Turbine Manufacturers Association expects a dip in wind power installation in India in 2012-13 due to the effect of the withdrawal of the accelerated depreciation benefit. At a meeting organised by the Global Wind Energy Council in Copenhagen, IWTMA’s Secretary, Mr V. Giri, said that he estimated that wind power capacity addition would fall to 2,600 MW in the year, compared with 3,100 MW in 2011-12. Mr Giri told a gathering of journalists at ... Read More »

REC trade witnesses strong beginning in the first month of the financial year

According to reports, trading in renewable energy certificates has started off on a good footing this year, with the prices not falling below the Rs 2,000-mark — something that has surprised market observers. (RECs are generation-based ‘certificates’ awarded (electronically, in demat form) to those who generate electricity from renewable sources such as wind, biomass, hydro and solar, if they opt not to sell the electricity at a preferentially higher tariff. These certificates are trade-able on the exchanges and are bought by ... Read More »

India may re-introduce accelerated depreciation for wind farms

According to reports, the renewable energy ministry is planning to re-introduce incentives for the wind energy sector to allay fears that capacity addition could fall after the sops were withdrawn from April 1. The government rolled back two key incentives for the sector this year: accelerated depreciation and generation-based incentive. Industry players say the withdrawal of these sops will keep power producers at bay and could reduce annual capacity addition to less than 1,000 mw in 2012-13, against the target of ... Read More »

India’s cleantech research “abysmal,” says Pachauri

According to reports, the amount of research on clean technologies being carried out in Indian institutions is “abysmal,” and a major restructuring of Indian science and technology institutions and infrastructure is required, said Rajendra Pachauri, president of the The Energy and Resources Institute (TERI), on the sidelines of the ongoing, third India-U.S. Energy Partnership Summit here. When asked by The Hindu about whether India would press for support in financing technology transfers for clean energy Dr. Pachauri answered, “My own view ... Read More »

125 MW Solar power project in Maharashtra get environmental clearance

According to reports,  the environment ministry has cleared the way for the world’s largest consolidated solar power project to be located in Dhule, Maharashtra, a top government official said. A marquee project for the Maharashtra government to advertise its renewable energy commitments, the 125 megawatt (MW) solar plant was among the first large-scale projects by India’s nascent solar sector, which contributes around 1% of the installed power capacity in the country. “We just got the forest clearance” for the project, ... Read More »

Indian Banks Exposure to Coal Limits Lending to Solar, SBI Says

According to reports, Indian banks have limited scope to boost lending to solar plants after funding for coal projects pushed them close to the limit for financing to the power industry, the nation’s biggest lender said. Most banks are reaching their 15 percent cap on domestic advances to the power industry and it’s unlikely they’ll seek to separate renewable energy into another category to allow more lending, said S. Vishvanathan, chief executive officer of SBI Capital Markets Ltd., the investment banking ... Read More »

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