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Daily Archives: March 29, 2017

Atria Power in talks to raise $100 million in structured debt from Piramal

According to reports, Atria Power Corp. Ltd, a Bengaluru-based renewable power producer, is in talks with Piramal Group to raise structured debt worth $100 million, two people aware of the development said. Atria, which is backed by marquee investor GE Energy Financial Services, an affiliate of General Electric Co., is seeking to expand capacity and repay investors with the proceeds, one of the two said on condition of anonymity. The finance will be extended by Piramal Enterprises Ltd’s structured finance ... Read More »

Maharashtra to reboot wind power purchase pact after 3 years

The Maharashtra State Electricity Distribution Company, the prime power utility, is ready to ink power buying agreements with wind developers in the state after a hiatus of three years. The president of the Wind Independent Power Producers Association said in an official statement that they have received an assurance from the discom about the immediate roll out of the PPAs of wind projects. He added that the discom will proceed in chronological order and with PPAs of those developers whose ... Read More »

Renewables to be over 60% of India’s generation capacity: Piyush Goyal

According to reports, enthused by drop in renewable energy tariff, Power Minister Piyush Goyal today said India’s 60-65% of installed power generation capacity will be green energy. “Going by prices we have discovered, I am inspired to say that 60-65% of India’s installed capacity base will be green energy,” Goyal said at Take Pride event organised by CII. He further said, “India’s renewable energy programme is a great example of how you can do big by thinking big.” Earlier this ... Read More »

India’s solar power sector is getting commoditized: First Solar

According to reports, India’s solar power sector is becoming commoditized and margins are getting squeezed across the sector’s value chain, according to Sujoy Ghosh, country head of US-based First Solar Inc.’s India unit. First Solar, a US-based photovoltaic (PV) panel maker and one of the first overseas companies to enter India’s solar energy market, started selling solar modules to project developers in India in 2012 and counts the country as its second-largest market after the US in terms of total shipments. ... Read More »

Policy interventions behind solar tariff plunge

According to reports, the government’s policy interventions such as waiver of transmission and wheeling costs have helped solar tariffs plunge, power ministry’s joint secretary Jyoti Arora said at the Economic Times Global Business Summit. Solar tariffs have plunged below Rs 3 per unit at the latest auction in Madhya Pradesh, but experts were unanimous that the sector is capable of standing on its own feet with policy support from the government. “Hidden costs like the cost of transmission and balancing ... Read More »

Wind developers at risk as India copes with dual payment system

According to reports, India’s wind-energy industry is seeing the viability of projects called into question as it adjusts to Prime Minister Narendra Modi’s transition away from two separate systems to pay for clean power. The government is shifting toward auctions to buy electricity from wind, phasing out feed-in tariffs that guarantee a fixed price to producers for their power. Utilities that pay for the power are pushing developers who qualify for the fixed payments to match the lower costs auctions ... Read More »

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