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Falling tariff fillip to solar power

According to reports, with solar power tariffs expected to fall below the current average of Rs 3.30 per unit in the next fiscal, the generation capacity is expected to grow at a fast pace, as the government pushes for renewable energy sources to meet galloping demand. Solar power generation crossed 10,000 megawatts, more than three-fold jump in less than three years. “Bright Future: India has crossed 10,000 MW of Solar power capacity today. More than 3 times increase in less ... Read More »

India’s solar capacity grows over 3 folds to 10,000 Megawatt in three years

According to reports, India’s solar power generation capacity has crossed 10,000 megawatt (MW), a more than three-time jump in less than three years as government pushes for renewable energy sources to meet galloping demand. The milestone came as NTPC Ltd, India’s largest power producer, commissioned a 45 MW solar power project at Bhadla in Jodhpur, Rajasthan. “Bright Future: India has crossed 10,000 MW of Solar power capacity today. More than 3 times increase in less than 3 years,” Power, Coal, ... Read More »

NLC may scrap Odisha solar project on poor response

According to reports, solar is not cheap everywhere and this is what Neyveli Lignite Corporation has learnt. The public sector ‘navratna’ company floated a tender for turnkey contract for building 250 MW of solar projects in Odisha, but the entire programme is in danger of getting scrapped. The tender asked bidders to name their prices under two categories — using only locally made cells and modules, with ‘viability gap funding’ from government of India, and in the ‘open’ category. In ... Read More »

Price of solar power may fall further in FY18

According to reports, solar power generation costs are set to dip further during third and fourth quarter of 2017-18, helped by expected softening of interest rates and a drop in solar panel prices due to a supply glut in the international market, analysts say. Solar power costs had hit a low of Rs 3.30 per unit last month, which is equal to average generation tariffs of NTPC, which produces bulk of its power from coal. NTPC’s lowest cost of generation ... Read More »

Renewable energy firm Bhoruka Power in talks to raise $120m

According to reports, Hydro and wind power producer Bhoruka Power Corp. Ltd is looking to raise about $120 million in equity investment and use the money to increase renewable energy capacity to 1 gigawatt (GW) by 2020, said managing director S. Chandrasekhar. Bengaluru-based Bhoruka Power, which currently has 310MW of hydro, wind and solar power capacity, has hired an investment bank, and negotiations with potential investors are at an advanced stage, Chandrasekhar said over the phone on Tuesday. He declined to ... Read More »

SunEdison to sell stakes in TerraForm yielcos to Canada’s Brookfield

According to reports, SunEdison Inc. took a major step forward in its bankruptcy reorganization, agreeing to relinquish control of its two yieldco units to Canada’s biggest alternative asset manager and clearing up some of the litigation brought by the affiliates. Brookfield Asset Management Inc. agreed to increase its stake in TerraForm Power Inc. to 51%, acquiring the additional shares at $11.46 each, according to a statement on Tuesday. That would give the yieldco a market value of $1.7 billion. The ... Read More »

NTPC commissions 45 MW capacity at Rajasthan solar project

According to reports, State-run power giant NTPC today announced commissioning of 45 MW solar capacity at Bhadla in Rajasthan taking the total installed capacity of the project to 160 MW. “The 45 MW of Bhadla solar power project of NTPC in Rajasthan has been commissioned today. With this, the installed capacity of Bhadla solar power project has become 160 MW and that of NTPC’s solar power projects has become 520 MW,” a senior official said. Last month, NTPC had commissioned ... Read More »

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