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Wind, solar tariffs to come down considerably: Govt

According to reports, the wind and solar tariff will come down considerably in the near future, a government official today said. “It will though take some time to resolve the surfacing issues since the GST has come into vogue but on tariff front, the department of renewable energy is quite confident that since majority of renewable items are taxed at five per cent GST, the wind and solar power tariff will go down considerably in near future,” Head of GST, ... Read More »

India may impose anti-dumping duty on Chinese castings for wind mills

According to reports, the government may impose anti- dumping duty on castings for wind-operated power generators from China to guard domestic players from below-cost imports. Larsen & Toubro Ltd had filed the application before the Directorate General of Anti-dumping and Allied Duties (DGAD) for initiation of anti-dumping probe on imports of a certain type of castings for wind-operated electricity generators that are exported from China. Castings for wind-operated electricity generators are also known as windmill or wind turbine. In its ... Read More »

Wind energy capacity additions to drop by 80% this year

According to reports, at Windergy, 2017, an international conference of the wind industry that was held towards the end of April in New Delhi, the mood among the participants was euphoric. The industry had just ended a financial year with a record and unexpected level of installation of 5,400 MW. The industry sensed an encore this year. The Centre had, only in February, held the country’s first auction of wind power capacities – for 1,000 MW – and promised to ... Read More »

‘Competitive bidding positive for wind industry in the long run’

According to reports, competitive bidding in the wind power segment, which has replaced the earlier feed-in tariffs where a fixed price was ensured for power producers, may put temporary pressure on wind sector players, but will have positive impact in the long term. The first wind auction conducted in February led to a fall in tariff to ₹3.46 per unit — down 16.8 per cent from the lowest prevailing feed-in tariff of ₹4.16 among the windy States, India Ratings (Ind-Ra) said ... Read More »

Wind Projects in Peril as Indian States Rethink Purchases

According to reports, two Indian states at the forefront of adding renewables to their power mix are backtracking on agreements for at least one gigawatt of wind projects and are seeking lower prices, potentially dealing a blow to Prime Minister Narendra Modi’s green energy goals. The southern states of Andhra Pradesh and Karnataka, which account for a quarter of the country’s installed wind capacity, are renegotiating or scrapping purchase agreements with developers and want power at prices lower than what ... Read More »

Rs 57 lakh non-payment case: NCLAT quashes Inox Wind insolvency proceedings

According to reports, the National Company Law Appellate Tribunal (NCLAT) has directed NCLT Chandigarh bench to close insolvency proceedings against Inox Wind. “In the result, appointment of Interim Resolution Professional, order declaring moratorium, freezing of account and all other order passed” have been declared illegal, the company said in a stock exchange filing on Thursday. NCLT’s Chandigarh bench had ordered to initiate insolvency proceedings in response to the plea made by Jeena regarding non-payment of dues worth Rs 57 lakh. ... Read More »

Indian slowdown hits Siemens Gamesa fiscal Q3 revenue

According to reports, Siemens Gamesa Renewable Energy SA (BME:GAM) on Wednesday announced a 7% year-on-year revenue drop for its third quarter to June 30, blaming a “temporary downturn” on the Indian market. Revenues excluding India were up 1.6%. The Spanish-German wind farm equipment manufacturer booked revenues of EUR 2.69 billion (USD 3.15bn) and an underlying net profit of EUR 135 million for April-June 2017. Underlying earnings before interest and tax (EBIT) stood at EUR 211 million, down 21% on the ... Read More »

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