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Will a Record-Low Wind Power Tariff Hurt Energy Producers’ Profits?

According to reports, even as the recently concluded wind power auction has shifted the focus back to the sector, the jury is still out on the financial viability of the record low tariffs for power generating companies. Wind power prices crashed to a record low of Rs 3.46 a kWhr (kilo Watt-hour) on February 24 in the country’s first-ever auction of producing 1 Giga Watt (GW) wind capacity conducted by Solar Energy Corporation of India. The five companies which won ... Read More »

Scale economics drive smaller firms to the margins in solar power

According to reports, solar power, which once fostered small enterprises, is transforming into a scale-based opportunity. As tariffs hit record lows crimping returns, smaller firms are either scaling down or selling out. Vinay Rustagi, managing director of Bridge to India, a consulting firm, sums it up pithily: “There are many companies which became active in solar project development three-five years ago and have slowly decided to exit or slow this business because of the scale factor (mainly difficulties in raising ... Read More »

Aditya Birla Group, Lotus Renewables to launch $100m clean energy fund

According to reports, Aditya Birla Group along with Lotus Renewables is set to launch a $100 million Global Clean Energy Fund targeted at developing countries in Asia, including India, as well as Australia. “Currently we are looking Asia and Australia as a market to start with . We have identified markets like India , Srilanka , Australia , Indonesia , Thailand , Philippines , Vietnam etc,” K Gowri Shankar, Director, Lotus Renewables told DEALSTREETASIA. The Global Clean Energy Fund, which will be managed ... Read More »

Bangalore-based energy start-ups shine in Shell’s Accelerator India 2017

According to reports, Bengaluru-based start-ups feature prominently in Shell’s #makethefuture Accelerator India 2017. Carbon Masters India (Bangalore), Graviky Labs (Bangalore) and Smart Joules (New Delhi) are the top three shortlisted finalists. The national level competition received over 50 bright energy start-ups and they were were evaluated by a jury comprising senior leaders from Shell on parameters such as innovation, sustainability, disruptive nature of entry and impact to India. The shortlisted finalists are: Carbon Masters India (Bangalore) – Builds a lower ... Read More »

Exploring Acquisitions in Renewable Energy : Tata Power

According to reports, with an installed capacity of over 10,500 MW, a non fossil fuel capacity of 3,060 MW and an aim to increase capacity up to 20,000 MW by 2025, Tata Power Limited, the country’s leading Independent Power Producer has a lot on its plate. After its several acquisitions, including the renewable portfolio of Welspun, it continues to hunt within and outside the country for business opportunities. In an interaction with BusinessLine, Anil Sardana, MD & CEO, Tata Power ... Read More »

Renewable energy mission needs a robust grid network

According to reports, air pollution in Delhi and metropolitan cities of India has dominated much of the recent conversation in the judiciary, government and media. Half of the world’s 20 most polluted cities, according to World Health Organization, are in India and these cities are immensely contributing to climate change. On 2 October 2016, India ratified the Paris climate agreement, officially emphasizing its commitment to reduce greenhouse gas emissions. Nonetheless, just two years after embarking on the grand campaign to ... Read More »

PTC India to be nodal entity for supply of wind power

According to reports, PTC India today said it will be the nodal entity for purchase and supply of electricity from wind power projects of 1000 MW auctioned by government. “PTC India is the nodal entity for supplying power to utilities after entering into a power purchase agreement (PPA) with successful bidders,” PTC India said in a statement. It said that with the wind power auction fixing the tariff at Rs 3.46 per unit for 25 years, the stage is now ... Read More »

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