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Author Archives: vineethv

How India can improve its rooftop solar journey

According to reports, energy security is perhaps the most powerful lever that pivots the growth trajectory of an economy irrespective of the country’s political milieu. Massive international efforts invested in decarbonization over the past few decades have proven that renewable energy, with its enduring potential is no doubt a far more potent propeller of inclusive development than its conventional counterparts. Ideologically too, this movement toward greener energy is redefining what it means to be a responsible entity, be it individual, ... Read More »

Indian Energy Exchange plea for spot trading of renewable energy shot down by CERC

According to reports, the Central Electricity Regulatory Commission (CERC) did not approve the proposal of the Indian Energy Exchange (IEX) to introduce spot trading of renewable energy on its platform. While the IEX expected the mechanism to provide more options to fulfill renewable purchase obligations (RPO) of discoms, encourage new capacity addition and address the uncertainties around signing of long term PPAs and cost recovery issues for renewable energy players, CERC felt that the current market condition is not yet ... Read More »

Renewable energy: Govt to hold second edition of RE-Invest in Dec this year

According to reports, after postponing the mega renewable energy event RE-Invest three times in last two years, the Central government has finally decided to hold it in Greater Noida in December this year. “We have been facing problems in arranging the sponsors for this event. Hopefully, the problems will be resolved by November and the event in December would be as successful as the last one,” said a senior government official on the condition of anonymity. The first Global RE-Invest ... Read More »

Why Indian power companies must dump coal and bet big on solar, wind

According to reports, the economics of coal-fired power generation is incredibly vulnerable, much more so than is recognised. Coal is particularly at risk from competition from low cost renewables, volatile commodity prices, growing concerns about air pollution, worsening water availability for cooling, the increasing incidence of heat waves that reduce operating efficiencies and, of course, necessary action to tackle climate change. These factors in combination are driving the structural decline of coal, led by China. According to Wood MacKenzie, coal use in China ... Read More »

India to add 9.4GW solar power capacity this year: Bridge to India report

According to reports, India is expected to add 9.4 gigawatts (GW) of solar power capacity in 2017 but rising competition is squeezing investor returns, said a report released by Bridge to India (BTI) on Monday. It added that “it is still an unnerving time for project developers and investors as rising competition forces tariffs down and the sector faces headwinds from module price rises, tender cancellations, GST (goods and services tax) and anti-dumping duty-related uncertainty”. Despite this, the forecast for ... Read More »

Greenko Solar to acquire stake in Pennar’s renewable energy unit

According to reports, Pennar Industries Ltd (PIL), a Hyderabad-based engineering company, on Monday said its board has agreed to sell a stake in its subsidiary Pennar Renewables Pvt. Ltd to Greenko Solar Energy Pvt. Ltd, the solar energy arm of Greenko Energy Holdings. Pennar Industries, established in 1988, is engaged in manufacturing precision engineering products such as cold rolled steel strips, precision tubes, railway coaches, pre-engineered building systems, sheet metal components and road safety systems. According to a statement issued by ... Read More »

With no auctions in sight, solar power price may fall below all-timelowof ₹2.44 a unit

According to reports, the dearth of new solar auctions could drive the prices of solar power further down, below the all-time low of ₹2.44, with developers backed by private equity funds trying hard to build their assets, even if it means sacrificing returns. “Many developers have built their companies anticipating huge auctions to reach the government’s goal of installing 100 GW of solar (capacity) by 2022. That has not happened so far, and competition is increasing to win projects at ... Read More »

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