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Daily Archives: April 19, 2017

Green energy firms explore portfolio mergers to aid sell-off

According to reports, India’s clean energy project developers are in talks to merge their portfolios as part of a strategy to achieve scale for selling the assets to overseas investors scouting for large investment opportunities in the country. A case in point is Ravi Jhunjhunwala’s LNJ Bhilwara Group, which is in talks with rivals to merge its wind energy portfolio. Another company following this strategy is Continuum Wind Energy Pte Ltd. Mint reported on 20 February about LNJ Bhilwara Group ... Read More »

Government halves the size and financial aid for its largest-ever rooftop solar project

According to reports, the renewable energy ministry has halved the size of its largest-ever rooftop solar tender and also cut the financial assistance offered for it. Ashvini Kumar, managing director of state-run Solar Energy Corporation of India (SECI), which had released documents related to a tender for installation of 1GW of rooftop solar plants across buildings of 12 central ministries, told ET the tender size has been reduced to 500 MW. He did not provide any more details. The 1 ... Read More »

In 10 yrs, renewable sources will dominate half of India’s energy capacity

According to reports, non-fossil fuels–renewables, nuclear and large hydroelectric power plants–will account for more than half (56.5%) of India’s installed power capacity within the 10 years to 2027, according to a draft of the third National Electricity Plan (NEP3) released in December 2016. The draft notes that if India achieves its target to install 175 gigawatts (GW, which consists of 1,000 megawatts) of renewable energy capacity by 2022–as it has committed to under the 2015 Paris Agreement–it will not need ... Read More »

Modi government’s big solar push could run into land hurdle

According to reports, the Union cabinet decided last month to double India’s solar power generation capacity, from 20 GW to 40 GW, by setting up 50 solar parks, which are solar projects with a capacity of 500 MW or more concentrated in one area. But this additional 20 GW would mean acquisition of at least 80,000 acres of land, thrice Jaipur’s area, and possibly a problematic move in a land-starved country. There are already signs of trouble with three recorded ... Read More »

Tata Power, RInfra jump to solar rooftops

According to reports, thanks to ‘net metering’, grid-connected solar rooftop photovoltaic systems are gaining popularity among commercial and residential users, and power distribution companies (discoms) such as Reliance Infrastructure (RInfra) and Tata Power are making the most of it by helping them with the installation. Under the ‘net metering’ policy, if a consumer installs rooftop solar plant, his electricity meter is replaced by ‘net meter’ which can measure import and export of energy. Hence, there is no need to store ... Read More »

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