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Monthly Archives: July 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 »

Power grid integration to quicken renewables makeover

According to reports, when the sun shines brightly, it’s manna from heaven for a solar producer. But for an electricity distributor, the surge in the power lines can be a nightmare. This unpredictability of solar and wind energy has long been a technical challenge that requires adroit balancing of the power grid. India is now on the threshold of attaining this balance. The new Greening the Grid report, prepared by Energy Ministry and the US Agency for International Development (USAID), ... Read More »

Sun to shine on solar, wind power may lag: Icra

According to reports, solar capacity addition, at 7-7.5 megawatt (mw), is likely to exceed wind’s this fiscal even as experts have flagged risks such as not enough buyers and debt leverage in the renewables sector. Credit rating agency Icra said on Tuesday that the share of the wind and solar capacity is estimated to be 35% and 55% respectively, out of the total 65 gigawatt (gw) capacity addition estimated during fiscals 2018 to 2022. Sabyasachi Majumdar, senior vice-president and group ... Read More »

Wind industry getting into a ‘distress situation’

According to reports, after soaring to a record 5,400 MW of installed capacity set up in 2016-17, the Indian wind industry is heading for a sharp nosedive this year. By the looks of it today, installations in 2017-18 could barely cross 1,000 MW. “It is a distress situation”, says Ramesh Kymal, Chairman and Managing Director of Gamesa, a leading wind turbine manufacturer. The reason for this is that the state governments are holding back. The industry is trapped in the ... Read More »

Giving domestic solar manufacturers a leg-up

According to reports, solar photovoltaic modules are the most important components of a solar power plant and developing a robust local manufacturing capability is key to creating jobs, reducing forex outflows and increasing foreign investment. Domestic solar manufacturers need to be supported, to enable them to compete in the domestic and international markets against the implicit subsidies provided to imported modules. This article focuses on the current market scenario for domestic modules, and recommends a roadmap. The government’s decision to hold separate ... Read More »

Goa solar policy receives suggestions from public

According to reports, the Goa energy development agency (GEDA) has received around 10 suggestions on the draft solar policy during the 10 days to receive public comments.  “The suggestions will be compiled by GEDA and submitted to the government, which will then consider incorporating them into the draft policy, after taking into consideration the financial implications for each. The draft policy will then be notified by the government,” an official said. The policy was put in the public domain for ... Read More »

Half of 1,396-MW rooftop solar capacity added in FY17

According to reports, India had a rooftop solar capacity of 1,396 MW at the end March 2017, of which almost half was added in the previous financial year, according to a research report. Tamil Nadu had the highest rooftop solar capacity with 163 MW, followed by Maharashtra with 137 MW and Rajasthan with 88 MW. Gujarat had 87 MW, Karnataka 83 MW and Haryana 78 MW, according to the Rooftop Solar Map 2017 brought out by consultancy Bridge to India. A ... Read More »

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