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Daily Archives: June 5, 2017

SBI, World Bank finance ₹400-cr solar projects

According to reports, State Bank of India and the World Bank announced on Friday that they had financed 100 MW of rooftop solar projects worth ₹400 crore in India. The World Bank aid helped the public sector SBI lower the lending rate to project developers, according to SBI Deputy Managing Director Karnam Sekar. “The support from World Bank has helped lowering the interest rate by 3-3.5 per cent from the 11-12 per cent lending rate for a medium-sized solar roof ... Read More »

Welspun’s Maharashtra project remains stuck between start and scuttle

According to reports, When Welspun Energy sold its renewable energy portfolio to Tata PowerBSE -0.06 % in June 2016, one solar project was left out of the deal. This 100 MW project is now the centre of a spat between Welspun Energy and the Solar Energy Corporation of India (SECI), with Welspun getting a stay order from the Delhi High Court in late April to prevent SECI from cancelling the deal and encashing its bank guarantee of Rs 30 crore. Welspun ... Read More »

High air pollution levels may hit India’s solar power generation plans

According to reports, high pollution levels could play spoilsport in India’s solar power generation plans, say experts. For instance, in the National Capital Region (NCR) centred on Delhi, high pollution levels have hit the efficiency of solar rooftop projects to the extent of 10%, the experts said. Delhi is among the most polluted cities in the world. The World Health Organization ranked Delhi as the most polluted city in the world in 2014. In 2016, it ranked 11. “Ninety per ... Read More »

Wind power competitive bidding will reduce tariffs, squeeze returns: CRISIL

According to reports, competitive bidding in the wind power sector would change the market landscape leading to a sharp reduction in tariffs, pressure on returns across the value chain, and consolidation of the market towards independent power producers, according to research and ratings agency CRISIL. According to its report released today, under-construction capacities without Power Purchase Agreements (PPAs) are the most at risk. “To compete in bids, developers are likely to put pressure on wind power original equipment manufacturers (OEMs), ... Read More »

Emmanuel Macron to visit India for world solar alliance meet

According to reports, French President Emmanuel Macron will visit India towards the end of this year for a meeting of the International Solar Alliance an initiative that is the brain child of Prime Minister Narendra Modi. During two hours of wide-ranging talks with Macron at the presidential Elysee Palace, Modi invited the French president to visit India. Macron accepted the invitation and said he will visit New Delhi by the end of the year for an international summit on solar power ... Read More »

PNB gets $100 mn from ADB for solar rooftop fund

According to reports, state-owned Punjab National Bank has received USD 100 million (about Rs.645 crore) as the first tranche of ADB’s multi—million dollar funding for installation of rooftop solar systems in India. The USD 100 million loan agreement signed between the Asian Development Bank and PNB is backed by a guarantee from the central government. PNB will deploy this fund as loan to various developers and end users to install large solar rooftop systems on industrial and commercial buildings throughout ... Read More »

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