Search

Home » 2017 » May » 01

Daily Archives: May 1, 2017

Suzlon sees wind energy auctions squeezing margins as market grows

According to reports, Suzlon Energy Ltd, one of India’s largest wind-turbine makers, says the record-low prices paid for power purchase contracts through India’s wind energy auctions will pressure margins at equipment makers but may ultimately benefit by sparking growth in the market. “Due to aggressive auction prices there will be some initial impact on margins for a year but it will unlock a bigger market and I’m very much interested in this opportunity,” Suzlon chairman Tulsi Tanti said in an ... Read More »

Power Grid Corp. of India girds up for solar challenge

According to reports, as India pursues its ambitious solar energy plans, the national grid is girding up for a smooth transition to a low carbon economy. It’s a transition that is changing the face of the transmission business at every step, from the drawing board to costs and technology. State-owned Power Grid Corp. of India Ltd, which is working to improve the capacity and efficiency of inter-state transmission networks, is setting up transmission corridors to supply power from solar parks ... Read More »

Solar tariff wars heat up in India

According to reports, at a time when addition of coal-fuelled power generation capacity has come to a standstill globally, India is seeing a race to the bottom in solar power prices. The latest was the record low tariff of Rs3.15 per kilowatt hour (kWh), quoted by France’s Solairedirect SA on 12 April to win the rights to set up 250 megawatt (MW) of solar plants at Kadapa in Andhra Pradesh and sell power to state-run NTPC Ltd. The tariff is ... Read More »

Sun shines on $300-billion global fund for clean energy

According to reports, the International Solar Alliance, launched by Prime Minister Narendra Modi and French President Francoise Hollande in November 2015, will channel $300 billion in 10 years to promote renewable energy projects under a global mega fund for clean energy. The ISA was instituted to connect nearly 121 solar-resource-rich nations for research, low-cost financing and rapid deployment of clean energy. However, any progress in the ISA can come about only after it attains the status of a legal body ... Read More »

India’s power struggle and the emergence of renewable energy

According to reports, India consumes 309 GW of power and still 300 million people in the country live without access to electricity. By 2030, India’s energy consumption is expected to rise to 700 GW. The escalated demand will be not only to due to the growth in the manufacturing industry but also due to electoral promises of providing full access electricity to all citizens by 2022. To achieve this unimaginable, India is placing its bets on both coal and solar energy. ... Read More »

Scroll To Top