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India added more solar power in first half of 2017 than in all of 2016

According to reports, the Indian solar market added 1,869 megawatt (Mw) in the second quarter of 2017, bringing installations in the first half of the year to 4,765 Mw. This figure surpasses the 4,313 Mw installed in all of 2016. Mercom India Research shows that in the first half of 2017, large-scale solar installations made up 4,290 Mw (90 per cent) and rooftop installations constituted 475 MW (10 per cent) of total installations. Cumulative solar rooftop installations crossed a significant ... Read More »

Will low tariffs eclipse India’s solar run?

According to reports, from boom to gloom, the narrative is fast changing for India’s solar sector. Even as the record low tariffs of Rs2.44 per unit in May stamped India’s moment under the sun, states are now looking to renege on their offtake commitments for projects awarded at a comparatively higher tariff. Experts say that this trend, if left unchecked, will precipitate a crisis in the Indian green energy space which has been attracting investors in droves. Foreign investment holds a ... Read More »

Economic Survey: Renewable energy push may lead to increase in bad loans

According to reports, India’s focus on increasing its renewable energy capacity may further exacerbate banks’ bad loan woes, according to the second volume of the Economic Survey 2016-17, released on Friday. The Survey said the social cost of producing renewable energy is around three times that of producing coal-fuelled electricity at Rs11 per kilowatt-hour (kWh). Although solar and wind power tariffs have dipped to Rs2.44 per kWh and Rs3.30 per kWh, respectively, making renewable energy cheaper than coal-fuelled electricity, these ... Read More »

Sembcorp increases stake in India renewable energy business to 72%

According to reports,  SEMBCORP Utilities, a wholly owned subsidiary of Sembcorp Industries, announced on Thursday that it is increasing its stake in its India renewable energy business Sembcorp Green Infra, to 72 per cent for one billion rupees (approximately S$21.4 million). Sembcorp Utilities has subscribed to an entire rights issuance by Sembcorp Green Infra to fund the company’s growth in the renewable sector in India, including the portion of the rights issuance that was not subscribed to by its partner ... Read More »

India Power in talks with 3 companies to acquire renewable projects

According to reports, India Power Corporation is in talks with three large non-power companies in Gujarat and West Bengal for acquiring renewable generation capacity totalling 110 mw, a top official said. “Having successfully acquired 1,000 mw thermal power capacity of Meenakshi Energy from French power company Engie in February last year, we are now looking at acquiring renewable assets from non-power companies that are not keen on maintaining these assets,” said Raghav Kanoria, managing director at the Kolkata-based power generation and utility ... Read More »

Wind generation falls, Tangedco may purchase power

According to reports, wind power generation fell to 495MW on Monday night from nearly 3000MW a few days ago. Monday being a holiday due to Janmashtami, power demand in the state was less than 10,000MW, and with the help of standby thermal units, Tangedco was able to supply power. Wednesday could be a challenge for the discom when the demand is expected to cross 13,000MW. Without wind power generation and both the units of Kudankulam, it could be tough to ... Read More »

Grid Connectivity for Wind Power: Making a case for bid winners

According to reports, the Ministry of New and Renewable Energy has made a strong pitch before the central electricity regulator seeking that wind developers who have bagged projects at recent bidding exercises and those who go on to win bids in future auctions be accorded “priority” for getting transmission connectivity to the grid. The ministry, in its August 11 missive to the Central Electricity Regulatory Commission (CERC), has cited the need for “regulatory support” as a prerequisite to achieve the ... Read More »

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