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Yearly Archives: 2017

Solar sector seen adding 10 GW this year: Mercom

According to reports, new solar capacity addition in India is expected at over 10 GW during the calendar year 2017, according to Mercom Capital Group, a global clean energy communications and consulting firm. In the beginning of the year, it had projected a capacity addition of 9 GW for 2017. Now, it has revised guidance upwards to 10 GW. “The Indian solar sector is witnessing a strong growth with cumulative installations reaching approximately 12.8 GW at the end of Q1 ... Read More »

KEC International to foray overseas in solar segment for better margins

According to reports, even as India’s solar prospects look bright, engineering company KEC International looks to foray into overseas markets in the solar segment for better margins, a top company official said. In addition to solar, the company will also look at railway opportunities in foreign markets. The company also looks to grow its order book by 10% and revenue up to 20% in the current financial year. “For solar, our entire order book right now is India and now ... Read More »

India to become major wind energy hub: Suzlon Chairman Tulsi Tanti

According to reports, falling tariff is not the only trend that renewable energy is witnessing. Suzlon, the domestic market leader in wind equipment manufacturing, expects global vendors to come to India to tap 60 gigawatts (Gw) of additional wind capacity that the government is aiming to achieve by 2020. In an interview to Business Standard, Tulsi Tanti, chairman and managing director, Suzlon, said, “India will be a large hub for wind manufacturing in five years on the strength of its ... Read More »

New experiments needed in renewables: Solar Energy Corp MD Ashvini Kumar

According to reports, with India’s wind power tariffs following the solar route and falling to a record low, state-run Solar Energy Corp. of India (SECI) has been a catalyst for expanding the country’s green economy. Ashvini Kumar, managing director of SECI, believes that sub Rs3 per unit tariff for solar will become the new normal. In a conversation with reporters, Kumar talked about monitoring the quality of solar power modules supplied to India, initiating solar-wind hybrid projects’s auction aimed at ... Read More »

‘Better payment guarantee can bring down wind power tariffs further’

According to reports, assurances of timely payments from power distribution companies will push wind power tariffs down further, according to industry watchers. Chairman at the Indian Wind Turbine Manufacturers Association, Sarvesh Kumar, said, “A better payment guarantee mechanism will push tariffs down further.” He was speaking at a press conference on the sidelines of Windergy India 2017. Power prices crashed to ₹3.46 a unit in the country’s first ever auction of wind energy projects this year. The association released its ... Read More »

Green Investment Bank may invest in Lightsource India

According to reports, in a sign of growing overseas investor interest in the Indian clean energy space, UK Green Investment Bank Plc. (GIB) plans to become an anchor investor in the Indian operations of UK-based Lightsource Renewable Energy. This comes in the backdrop of a Macquarie-led consortium agreed to acquire GIB from the UK government for £2.3 billion last week. Lightsource Renewable Energy is among the largest global solar power project developers and announced its plans to develop 1,000 megawatt ... Read More »

Hero Future Energies CEO expects tariffs to drop below ₹3

According to reports, the substantial drop in solar power tariff in recent times is unlikely to impact viability of the projects as the project and finance costs too have declined, says Hero Future Energies Pvt. Ltd. CEO Sunil Jain. “People have concerns whether lower tariffs are viable or not. I believe these tariffs are viable as the project and finance costs also have fallen substantially,” he said in an interaction with journalists at a CII conference on rooftop solar programme ... Read More »

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