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Payment delays, lower tariffs hurt renewable energy sector: Mercom study

According to reports, payment delays by power distribution companies (Discoms) is posing a major challenge to the growth of the renewable energy sector, as it chokes liquidity and creates roadblocks in further funding of projects. While in some states the delay has been up to four months, the Maharashtra State Electricity Distribution Company Limited (MSEDCL) has stoppped buying power from wind power generators for the past three years, resulting in heavy losses, said a report. Many developers completely rely on ... Read More »

Ministry of New and Renewable Energy plans to push auction route for wind power

According to reports, the ministry of new and renewable energy (MNRE) has proposed to allow state-owned power distribution companies (discoms) to conduct reverse auctions for procuring wind power. The move, an effort to promote the competitive bidding mechanism,is likely to encourage state-owned discoms to award wind projects through a bidding route, instead of feed-in tariffs (FiT) — a cost-based compensation system. Currently, states buy wind power from the developers at various FiTs, which are in the range of Rs 4.16 ... Read More »

India’s solar power capacity crosses 12 GW

According to reports, India added 5,525 MW solar power generation capacity last fiscal, taking the total from this clean source to 12,288 MW. The country has abundant solar power potential which has been estimated to be 748 GW, New & Renewable Energy Minister Piyush Goyal stated in a written reply to Rajya Sabha today. It had achieved total cumulative solar power generation capacity of 6,763 MW in 2015-16. The capacity was 1,686 MW in 2012-13 which increased to 2,632 MW in ... Read More »

Ireda to give Rs 13,000 crore loans for renewable sources, including solar

According to reports, Clean energy projects in the country can look forward to  loans to the tune of Rs 13,000 crore from Indian Renewable Energy Development Agency (Ireda) in the next financial year. With the government planning to add 15-16 GW of clean energy projects, including solar and wind, there would be total credit market size of around Rs 65,000 crore. According to Ireda Chairman K S Popli, Ireda would be able to release around Rs 8,000 crore for these clean energy ... Read More »

Fortum India to add 250MW solar power capacity every year

According to reports, Finnish state-run utility Fortum Oyj’s India unit, which last year drove down solar power tariff to a new low, will set up at least 250 megawatts (MW) of solar capacity in the country every year, managing director Sanjay Aggarwal said. The local unit of Fortum will also enter the waste-to-energy sector and launch charging stations for electric vehicles to gain a larger hold in India’s renewable energy sector, Aggarwal said. Exactly a year ago, Fortum said it ... Read More »

Suzlon bags 50.4 MW order in Karnataka

According to reports, wind turbine manufacturer Suzlon Group today said it has bagged an order of 50.4 MW to supply 24 units of its S111 turbines of 120 meters from a power producer for its project in Karnataka. Suzlon has won a repeat order from the firm for 24 units of S111 120 meter hybrid wind turbine, each with a rated capacity of 2.1 MW, the company said in a statement issued here. The company will execute the entire project ... Read More »

Sembcorp’s renewable energy arm wins 250 MW wind power project in India

According to reports, Energy and infrastructure company Sembcorp today said its renewable energy business has won a bid for a new wind power project with close to 250 Megwatt capacity. The company said Sembcorp Green Infra has received a letter of award for the project following India’s first national wind power tender conducted by Solar Energy Corporation of India. The project will be located in Tamil Nadu and connected to India’s central transmission utility. The project’s entire output will be sold ... Read More »

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