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Author Archives: vineethv

India Initiates Dumping Probe Into Chinese Solar Imports

According to reports, India opened a probe into whether Chinese solar-equipment makers are hurting its domestic industry by dumping inventories and driving down prices to unfair levels. “A causal link between the said dumping and injury exists to justify an initiation of an anti-dumping investigation,” according to a notification published on the website of the Directorate General of Anti-Dumping and Allied Duties. The probe will also include solar cells originating in or shipped from Taiwan and Malaysia. Indian officials are the latest ... Read More »

Australia joins International Solar Alliance led by India and France

According to reports, Australia became the 35th country on Wednesday to join the International Solar Alliance, an initiative launched by Prime Minister Narendra Modi in November 2015 in Paris. It is co-led by India and France. The platform brings together countries that are keen to massively ramp up their solar power production. “The sun is the source of all energy. The world must turn to solar, the power of our future,” Modi said at the launch during the 21st Conference ... Read More »

German firm Covestro warms up to micro cold room market in India

According to reports, German company Covestro, which makes materials that go into the setting up of cold storage facilities, expects to help build 800 solar-powered, micro cold rooms in Telangana over the next two years. Covestro, formerly part of Bayer Material Sciences, produces polyurethanes, which prevent heat from getting into cold rooms. It also makes proprietary ‘phase changing material’ (PCM) that act like batteries, absorbing heat first (say, from solar energy during daytime) and then providing cooling when required (during nights). ... Read More »

India’s blue sky pledge gives power to country’s green bonds

According to reports, green bonds issued by Indian companies are gathering pace as the country’s ambitious target for renewable energy fuels interest from investors. Renewable energy developer Greenko Energy Holdings raised US$1 billion earlier this week, making it the largest corporate green bond issuer in Asia, Bloomberg data shows. It beat MTR Corp’s US$600 million issue in November. Green bonds from India are likely to increase as renewable capacity expands and the market gets bigger, according to Ashish Sethia, head of research and analysis for ... Read More »

Finland’s Taaleri looking to buy solar power projects in India

According to reports, attracted by the opportunities in India’s solar energy space, Finland’s Taaleri Plc is evaluating assets for acquisition here. This interest by the Nasdaq Helsinki-listed firm is reflective of the trend wherein overseas firms have led the race on aggressive tariffs to secure renewable energy project contracts in India. Taaleri Solar Wind fund is Finland’s first equity fund to invest in overseas green energy assets. Taaleri’s India playbook follows the investment thesis adopted by other overseas investors such ... Read More »

Govt mulling hybrid green policy of wind, solar in same site

According to reports, the power ministry is considering a ‘hybrid policy’ that allows bidding for both wind and solar power projects at the same site. Union Minister of State for Power, Coal, New and Renewable Energy, and Mines Piyush Goyal said on Friday that officials are working on the model and a draft will be placed soon for discussion. Sources in the ministry said the policy will aim to make states partners in the project. “Currently, the policy is under ... Read More »

Future of renewable energy: Sunny investment climate for solar technology in India

According to reports, on May 12, 2017, India recorded its lowest-ever solar tariff of Rs 2.44/unit of electricity. That is a 73% fall since 2010, and compares favourably with India’s cheapest power source–coal, electricity from which now ranges between Rs 3/unit and Rs 5/unit. The new low solar cost was announced at a reverse auction–in which the role of buyer and seller is reversed and the seller with the lowest bid obtains the business–by the state-owned Solar Energy Corporation of India Limited (SECI) at the Bhadla ... Read More »

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