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Daily Archives: February 12, 2017

Solar tariff reaches a historic low of Rs 2.97 a unit at Rewa bidding

According to reports, in what could be termed as an historical event for the Indian solar sector, the first year tariff for the 750 Megawatt Rewa solar park, achieved through reverse bidding, has gone to record low level of Rs 2.97 per unit. The lowest first year tariff for unit I of the solar power plant has been quoted by Mahindra Renewables at Rs 2.979 while for the second unit, Acme Solar has become the successful bidder with a tariff ... Read More »

Rs 600 crore allocated for “Grid connected Rooftop and small Solar Power Plants Programme”

An amount of Rs. 600 crore has been allocated for the projects under “Grid Connected Rooftop and Small Solar power Plants Programme” and Rs. 508.84 Crore has been released till 31.01.2017. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal, Mines New & Renewable Energy and Mines in a written reply to a question in Lok Sabha today. The Ministry of New & Renewable Energy (MNRE) has been  promoting “Grid Connected Rooftop and Small Solar ... Read More »

Orient Green’s Q3 consolidated loss narrows to Rs 69.52 cr

According to reports, renewable energy-based power generation company Orient Green Power company’s consolidated loss narrowed to Rs 69.52 crore in third quarter ended December 31, 2016. Its consolidated net loss was Rs 102.48 crore in the quarter ended on December 31, 2015, Orient Green Power said in a BSE filing yesterday. According to statement, its total income from operations increased to Rs 73.11 crore in the third quarter compared to Rs 52.80 crore in the year-ago period. In a statement ... Read More »

Suzlon reports net profit of Rs 274.34 crore in Q3 FY17

According to reports, wturbine manufacturer Suzlon today reported a net profit of Rs 274.34 crore in December 31, 2016 quarter as against a loss of Rs 121.84 crore in the corresponding period last fiscal. Its total revenues for the October-December period stood at Rs 3,311.38 crore as against Rs 1,884.64 crore a year ago, registering a growth of 75.7 per cent. “Our Q3 FY17 performance further consolidates the growth we have achieved in the first two quarters with the volumes ... Read More »

Solar gear manufacturing capacity still lags demand

According to reports, domestic solar cell and module manufacturing is way behind the country’s demand for the equipment, going by data collated by the Ministry of New and Renewable Energy (MNRE) in January end. Under the National Solar Mission, the government targets achieving an indigenous manufacturing capacity of 4-5 GW by 2020. Till December 2016-end, the country’s installed solar cell manufacturing capacity stood at 2,953 MW, considerably higher than 1,468 MW installed on June 2016 end. However, this number includes ... Read More »

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