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    Tata Cleantech Capital eyes Rs 5,500 cr asset book by FY19

    According to reports, Tata Cleantech Capital (TCCL) is looking at growing its asset book to around Rs 5,500 crore by fiscal 2019, with nearly USD 120 billion debt funds expected to flow into the renewable energy space in the next five years. TCCL, a joint venture between Tata Capital and International Finance Corporation, currently has an asset/loan book size of Rs 2,400 crore. It has funded over 80 renewable energy projects, including wind, solar and small hydro and biomass, with ... Read More »

    Removal of incentives to hit wind energy projects

    According to reports, with incentives offered for wind energy investments having come down this financial year, installations by small investors — those who have less than 10 MW — is expected to drop drastically. Of the 32 GW of installed wind energy capacity in the country, 60% are by small investors. According to K. Kasthurirangaian, chairman of Indian Wind Power Association, the accelerated depreciation has gone down from 80% to 40%, after generation-based incentive and 10-year tax-free benefit for profits ... Read More »

    Wind power industry in TN up in arms as Tangedco seeks to ‘verify captive status’

    According to reports, the wind power industry in Tamil Nadu is up in arms against the State electricity distribution company, Tangedco, over a series of circulars sent by the latter to ‘verify captive status of generating plants’. Captive generating units are those power companies that supply at least 51 per cent of the power they produce to their shareholders; the shareholders should collectively own at least 26 per cent of the generating company. The idea, according to Tangedco, is to ... Read More »

    Govt to auction 4 GW wind projects in FY18; 1st bidding in May

    According to reports, the government plans to auction wind power projects of about 4 gigawatt (GW) capacity in tranches this year and the first round of bidding is expected to take place next month, a senior official said today. “We have planned to set up about 4 GW of wind power capacities through auction route. The auction would be done in batches. The first batch of such auction is being planned next month,” Solar Energy Corporation of India (SECI) Managing ... Read More »

    Solar power tariff in Tamil Nadu set to fall below Rs 4 per unit

    According to reports,  Solar power tariffin Tamil Nadu is set to fall below Rs 4 per unit. Tangedco will float tenders for 1500MW in the coming days and fix the the base tariff at Rs 4 per unit with the approval of the Tamil Nadu Electricity Regulatory Commissioner (TNERC). The power utility will present a proposal to TNERC for floating tenders. Based on previous tenders, when the final tariff has always been lower than the base tariff, this time too ... Read More »

    Foreign investors giving M&A deals in India’s renewable energy sector a miss

    According to reports, foreign strategic investors have largely stayed away from the flurry of deal-making in India’s renewable energy sector, preferring instead to build from the ground up. Out of the $2.32 billion worth of mergers and acquisitions (M&As) in India’s renewable energy sector in the last 15 months, foreign companies have bought assets worth just $290.6 million, while Indian companies have acquired $2.03 billion worth of assets, according to data from Thomson Reuters. Among the larger deals in this ... Read More »

    Sale of RE certificates up 31% to 64.88 lakh

    According to reports, the sale of renewable energy certificates (RECs) has jumped by 31 per cent to 64.88 lakh in 2016-17 as compared to 49.55 lakh in previous fiscal indicating improvement in compliance of renewable purchase obligation. Power distribution companies as well as open access and captive consumers have to buy RECs from renewable energy producers under renewable purchase obligations (RPOs) as mandated by central and state regulatory commissions. RECs are aimed at providing an easier avenue for various entities, ... Read More »

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