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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 »

Sun to shine on solar, wind power may lag: Icra

According to reports, solar capacity addition, at 7-7.5 megawatt (mw), is likely to exceed wind’s this fiscal even as experts have flagged risks such as not enough buyers and debt leverage in the renewables sector. Credit rating agency Icra said on Tuesday that the share of the wind and solar capacity is estimated to be 35% and 55% respectively, out of the total 65 gigawatt (gw) capacity addition estimated during fiscals 2018 to 2022. Sabyasachi Majumdar, senior vice-president and group ... Read More »

Giving domestic solar manufacturers a leg-up

According to reports, solar photovoltaic modules are the most important components of a solar power plant and developing a robust local manufacturing capability is key to creating jobs, reducing forex outflows and increasing foreign investment. Domestic solar manufacturers need to be supported, to enable them to compete in the domestic and international markets against the implicit subsidies provided to imported modules. This article focuses on the current market scenario for domestic modules, and recommends a roadmap. The government’s decision to hold separate ... Read More »

Goa solar policy receives suggestions from public

According to reports, the Goa energy development agency (GEDA) has received around 10 suggestions on the draft solar policy during the 10 days to receive public comments.  “The suggestions will be compiled by GEDA and submitted to the government, which will then consider incorporating them into the draft policy, after taking into consideration the financial implications for each. The draft policy will then be notified by the government,” an official said. The policy was put in the public domain for ... Read More »

Half of 1,396-MW rooftop solar capacity added in FY17

According to reports, India had a rooftop solar capacity of 1,396 MW at the end March 2017, of which almost half was added in the previous financial year, according to a research report. Tamil Nadu had the highest rooftop solar capacity with 163 MW, followed by Maharashtra with 137 MW and Rajasthan with 88 MW. Gujarat had 87 MW, Karnataka 83 MW and Haryana 78 MW, according to the Rooftop Solar Map 2017 brought out by consultancy Bridge to India. A ... Read More »

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