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Monthly Archives: January 2017

Centre puts ‘green bank’ listing on hold as winds deemed unfavourable

According to reports, the government intention to list India’s green bank – the Indian Renewable Energy Development Agency (IREDA) – is not likely to happen for at least a year as the public sector undertaking faces rough weather both at home and abroad. Company officials say they want to wait for the market to stabilise before approaching the bourses, to ensure better valuation for the company. The falling interest rates and the rise of competing clean energy financing by banks ... Read More »

Gamesa set to bag 100 MW solar order

According to reports, wind turbine manufacturer Gamesa is all set to bag a contract for building a 100 MW solar power plant for Neyveli Lignite Corporation. Gamesa has emerged the lowest bidder in 500 MW NLC tender. Gamesa has quoted a price for 100 MW. Bidders for the other 400 MW will be asked to match Gamesa’s prices, failing which Gamesa’s contract could be for a higher capacity, NLC’s Chairman and Managing Director, SK Acharya, told BusinessLine . “This is ... Read More »

IT parks, schools, hospitals opt out of grid, embrace green energy for power

According to reports, from Infosys, SAP Labs to St Joseph’s College and Sri Sathya Sai Medical Hospital, big energy consumers are switching to renewable energy sources, primarily solar. There are many plus points of embracing green energy -reduces dependency on grid by 50%, saves revenue on fat electricity bills and cuts carbon footprint of a consumer. Solar uptake in Karnataka has helped the state achieve its target of 3% of solar consumption (1,600 MW) within three years of the launch ... Read More »

Solar Power: Stifling competition under market monopoly

According to reports, over the last few years India has made headlines for achieving a staggering growth in solar capacity addition (from a meagre 500 MW in FY12 to around 9 GW by end of 2016) as well as for putting together a bulk competitive bidding-based procurement model that lead to steep reduction in tariffs. Other countries in Europe, Middle East and Africa have emulated this procurement model, which is claimed analogous to a free & fair market place for ... Read More »

Why India’s canals could help fast-forward its ambitious solar energy plans

According to reports, as far as the eye can see, line after line of solar panels stretch out in the midday sun beating down on the village of Chandrasan here in this eastern Gujarat district, which squeezes in 80 more people per sq km than Indias already crowded average of 441. But there is no land conflict involved with the Chandrasan installation because the solar panels unfurl over a 750 m length of irrigation canal. The panels were installed in ... Read More »

Narayan Karthikeyan’s company looks to buy Inox Windfarms for Rs 1,200 crore

According to reports, a clean energy company promoted by India’s first Formula One driver, Narain Karthikeyan, and his family is in talks to buy the wind power generation business of Inox Group for enterprise value of Rs 1,200 crore to consolidate, scale up and aid its own fundraising efforts, said people directly involved in negotiations. Inox Renewables, an independent power producer, is a 99.98% subsidiary of listed Gujarat Fluorochemicals and has close to 300 MW of installed wind energy generation capacity ... Read More »

Govt mulls introducing fixed-cost component in renewable energy tariff

According to reports, the government is exploring a change in the tariff structure for electricity from clean energy sources to boost India’s efforts to promote a green economy. The ministry of new and renewable energy is contemplating a fixed-cost component to the tariff for electricity generated from renewable energy sources such as solar or wind. The idea is to prevent distribution companies (discoms) shying away from procuring electricity generated by such projects, as they will have to pay the fixed ... Read More »

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