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Dark side of solar success: It may kill thermal power, banks

According to reports, the latest solar power auction has yielded an electricity price of just Rs 3.15unit, down from Rs 5 two years ago. This seems competitive with coal-based thermal power. The government has raised its solar capacity target to 40GW by 2020 and 100GW by 2030, up from 12GW today. This promises to replace dirty coal-based power by cheap, renewable power. What’s not to like? Plenty. Solar power has many hidden subsidies. Its true cost is far higher than for ... Read More »

Infuse Ventures and Ankur Capital co-invest in TESSOL, a Cold Chain technology startup

According to reports,  IIMA CIIE’s sustainability and cleantech fund, Infuse Ventures, along with Ankur Capital have made an undisclosed amount of series-A investment in TESSOL, a cold chain technology startup based in Mumbai. Tessol had previously received a seed investment from Infuse Ventures in 2014. TESSOL’s PLUGnCHILL range of products eliminates the use of fossil fuel for cold chain transport systems using their proprietary energy storage technology. These solutions not only reduce the running costs of these units by 60% ... Read More »

Government’s target to set up 100 GW of solar plants drives local, foreign companies

According to reports, encouraged by Prime Minister Narendra Modi’s call to set up 100,000 megawatt (100 gigawatt) of solar plants in the country by 2022, foreign solar cell makers are setting up shop in India in partnership with local players. What is driving them is the government’s target and the opportunity to export products from here to other countries. Local players are equally upbeat as they see an opportunity to upgrade their technology via a foreign partner and achieve economies ... Read More »

Time to tap solar thermal energy

According to reports, a discussion on solar energy would naturally veer towards solar photovoltaics (SPV). Chances are few would have heard of solar thermal energy (STE), and rightly so, as PV panels dot the Indian landscape. Generating electricity from STE is similar to a conventional thermal power plant, the only difference being that instead of coal or gas, sunlight is concentrated by mirrors to generate steam, much like our childhood experience of burning paper with a magnifying glass. The possibility ... Read More »

MEIL Green Power commissions 50 MW solar farm

According to reports, MEIL Green Power Limited has commissioned a 50 MW Concentrated Solar Thermal Power Project farm at Pamidi in Ananthapur District of Andhra Pradesh. MGPL, a unit of Megha Engineering & Infrastructures Ltd., Hyderabad, has invested Rs. 848 crore on the project set up on a 600-acre site located about 350 km from Hyderabad. Uma Maheshwar Raddy, Associate Vice-President of MEIL, said the company expects to generate revenues of about Rs. 110 crore per annum from the solar ... Read More »

Reliance Power commissions world’s largest Solar CSP project in Rajasthan

According to reports, Reliance Power commissioned its 100 mw solar CSP power project at Jaisalmer District, Rajasthan on Tuesday. This project is the world’s largest concentrated solar power (CSP). Built at a cost of Rs 2,100 crore the project has 25% reserve margin to meet 25 year PPA (power purchase agreement) obligations. Rajasthan Sun Technique Energy Private Limited, a wholly owned subsidiary of Reliance Power, was awarded the CSP project in December 2010, based on international competitive bidding conducted by ... Read More »

India to Auction 100 Megawatts of Solar-Thermal Capacity

According to reports, India’s state-run solar company plans to auction contracts to build 100 megawatts of solar-thermal capacity, a government official said today. The Solar Energy Corporation of India will issue tenders for two 50-megawatt concentrated solar-power projects, Tarun Kapoor, joint secretary at the Ministry of New and Renewable Energy, told reporters in Chennai. Companies will bid to design and construct the plants, as well as operate them for five years, Kapoor said. Solar-thermal plants use mirrors to focus sunlight ... Read More »

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