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Daily Archives: July 16, 2017

Green energy firm Inox Wind on road to insolvency after NCLT clears process

According to reports, wind power solutions company Inox Wind is headed for insolvency after the National Company Law Tribunal’s (NCLT) Chandigarh bench ordered the commencement of the process in response to an operational creditor’s plea, in the first such case in the renewable energy sector. The company has been facing tough times, reflecting the dichotomy in the renewable energy sector where capacity is growing driven by the government’s solar energy push, but where wind energy players are forced to compete with the sharply lower tariffs quoted by ... Read More »

Govt may not achieve even half of 2022 solar rooftop energy target of 40GW, says report

According to reports, the Indian government has a huge target of generating 40 gigawatt (GW) of energy through solar rooftop panel by 2022, but is not expected to achieve even half of it by December 2021, consulting firm Bridge To India (BTI) said in a report released on Friday. The infographic report, India Solar Rooftop Map, said the country’s rooftop solar capacity had reached just 1.4GW as of March 2017 and is expected to cross the 2GW-mark in 2017-18. In 2015, ... Read More »

Wind power tariffs may hit a new low of Rs3.30 per unit

According to reports, wind power tariffs are expected to fall to a record of around Rs3.30 per unit in a 1 gigawatt (GW) tender by state-run Solar Energy Corp. of India (SECI). SECI has received bids for three times the grid-linked capacity on offer. Wind power tariffs in India followed the solar route and hit a record low of Rs3.46 per kilowatt hour (kWh) in February during a 1GW tender by SECI. Solar power tariffs fell to Rs2.44 per unit ... Read More »

Govt’s second wind auction attracts bids worth 2,898 MW

According to reports, the second auction for alloting 1,000 MW of wind power capacity has attracted bids worth 2,898 MW. The bids closed on Saturday. The first auction, also for 1,000 MW, which concluded on February 25 this year, resulted in wind energy companies agreeing to sell wind energy for as low as ₹3.46 a kWhr. The auction was a milestone event in the history of India’s renewable energy industry, as it changed the way tariffs are discovered, from negotiated ... Read More »

Enercon returns to India

German manufacturer Enercon has signed cooperation agreements with three Indian companies to provide repair, maintenance and servicing to its turbines in India. The non-exclusive agreements are with Renom Energy Services, Kinech Synergy and Powercon Ventures India. Enercon will supply spare parts to the three companies and provide them with technical support needed for turbine maintenance in India. The German company has more than 6700 machines in India with total capacity of 4.8GW. “However, a lack of maintenance and spare parts ... Read More »

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