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Monthly Archives: June 2017

GE Energy Financial Services to invest $90 million in RattanIndia’s solar power assets

According to reports, attracted by India’s growing clean energy play, GE Energy Financial Services (GEEFS) is expanding its Indian renewable energy portfolio and plans to invest $90 million to develop a solar power project portfolio of 500 megawatt (MW) with RattanIndia Group. GE’s investment in the Indian project comes at a time when financing at the lowest cost has become the key to success, with bids falling almost by the day (projects are awarded to the firm that agrees to ... Read More »

Govt to map all renewable energy sources in the country

According to reports, the government is preparing a list of all renewable power generation points in the country to aid integration of clean energy with existing sources. The directives for setting up the registry have already been given, according to the Minister of State (Independent Charge) for Coal, Power, New and Renewable Energy and Mines, Piyush Goyal. Speaking at the release of a report titled, ‘Pathways to Integrate 175 Gigawatts of Renewable Energy into India’s Electric Grid- National Study’, Goyal ... Read More »

Solar energy firms accuse NTPC of delaying issue of CoDs

According to reports, the National Solar Energy Federation of India (NSEFI) has alleged that state-run power giant NTPC and its trading arm NVVN are delaying issue of commercial operation date (CoD) certificate to solar projects. The CoD is a pre-requisite for selling power at the rate prescribed in the power purchase agreement. The NSEFI has claimed that the power produced from these solar projects is being sold at concessional rates. “NTPC and its trading arm NVVN are delaying in providing ... Read More »

The uneasy rise of renewables

According to reports, the sustained increase in renewable capacity additions may be unsettling conventional energy businesses. But the ambitious capacity addition targets may bring along execution challenges, cautions Moody’s Investors Service. Based on the current capacity addition targets, the ratings agency forecasts India will meet 19% of its power demand from renewable energy sources in five years, by fiscal year 2022 (FY22). Fuel-wise, the share of solar in total installed generation capacity is projected to rise from 4% now to ... Read More »

India’s air pollution could decrease solar power generation by 17%, study says

According to reports, air pollution might cast a cloud over India’s solar power ambitions. Providing another reason for the Indian government to tackle the poor air quality, a new report found that pollutants can dampen solar power generation by as much as 17%. The problem is particularly bad in north India. Both dust and manmade sources contribute equally to the reduction in power generation. In some pockets of northwestern India the depression in solar power generation can be as much ... Read More »

Solar power: US gives India time till year-end to scrap local sourcing rules

According to reports, the United States has agreed to give India time till December 14 this year to remove the requirement for mandatory domestic sourcing of solar panels and modules under its national solar power generation programme. “This means that all contracts for solar power production entered into with power producers after December 14 under the Jawaharlal Nehru National Solar Mission (JNNSM) should not include compulsory domestic sourcing norms which the World Trade Organisation has ruled against,” a government official ... Read More »

Sri Lanka, India to set up solar unit soon

According to reports, Sri Lanka will soon kick-start the process of setting up a solar power plant in eastern port town Trincomalee after discussions with India, which is partnering the Government in the initiative. “The next step would be to undertake a feasibility study and do the groundwork,” spokesman of the Ministry of Power and Renewable Energy Sulakshana Jayawardena told The Hindu on Wednesday. In April this year, the governments of Sri Lanka and India signed a Memorandum of Understanding, ... Read More »

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