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Daily Archives: August 1, 2017

First Solar India to divest 190 MW of assets to IDFC Alternatives

According to reports, First Solar India, the Indian arm of the US-based solar photovoltaic module major First Solar Inc, has struck a deal to divest 190 MW of solar power assets in the country to IDFC Alternatives. Seven projects, located in Andhra Pradesh and Telangana, have been executed by the company as an independent power producer. While the plants in Telangana are located in Mahbubnagar and Rangareddy districts, those in Andhra Pradesh are at Hindupur and Chittoor. These were commissioned ... Read More »

India’s performance in solar power not so encouraging, says parliamentary panel

According to reports, cautioning that India’s performance in renewable energy areas like solar, small hydro, biogas is not so encouraging, a parliamentary standing committee on Monday said that the government should not act as bystander and adopt more proactive approach to arrange finances for solar power projects. It also said that 40,000 megawatt target of grid connected rooftop solar by 2022 is “unrealistic” and it is “highly unlikely that this target will be achieved”. It suggested that government should give it ... Read More »

Renewable energy push takes a hit on random back-down instructions by discoms

According to reports, the National Democratic Alliance (NDA) government’s aggressive renewable energy push that aims to ramp up the share of green power in the country’s electricity supply mix from the current seven per cent to nearly 20 per cent by 2022, is getting stonewalled across a number of states. State-owned power distribution utilities (discoms) in states such as Rajasthan and Tamil Nadu are reported to be curtailing solar and wind power generation, as well as randomly issuing backing down ... Read More »

‘Competitive bidding positive for wind industry in the long run’

According to reports, competitive bidding in the wind power segment, which has replaced the earlier feed-in tariffs where a fixed price was ensured for power producers, may put temporary pressure on wind sector players, but will have positive impact in the long term. The first wind auction conducted in February led to a fall in tariff to ₹3.46 per unit — down 16.8 per cent from the lowest prevailing feed-in tariff of ₹4.16 among the windy States, India Ratings (Ind-Ra) said ... Read More »

Wind Projects in Peril as Indian States Rethink Purchases

According to reports, two Indian states at the forefront of adding renewables to their power mix are backtracking on agreements for at least one gigawatt of wind projects and are seeking lower prices, potentially dealing a blow to Prime Minister Narendra Modi’s green energy goals. The southern states of Andhra Pradesh and Karnataka, which account for a quarter of the country’s installed wind capacity, are renegotiating or scrapping purchase agreements with developers and want power at prices lower than what ... Read More »

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