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    MP project shows cost competitiveness of solar energy: Icra

    According to reports, with the solar tariffs falling to Rs 3.3 per unit for a 25-year PPA for the 750 MW Rewa Ultra Mega Solar project in Madhya Pradesh, rating agency ICRA said the cost competitiveness of solar against both alternate renewable as well as conventional energy sources has improved. “This is the lowest discovered tariff through a reverse auction based bidding route for grid connected utility scale solar PV project in India. This signifies a major improvement in the ... Read More »

    Here’s why Elon Musk’s iconic Tesla might just work in India

    According to reports, when I heard that Elon Musk’s Tesla was likely to come to India this summer, my first response was that this is not going to work. Okay, that’s not exactly true. My first response was a very happy ‘this cannot be true!’ jig. My second more sobering thought was ‘but this is not going to work’. I have since changed my mind about all of that. The reasons for why Tesla doesn’t really work in an Indian ... Read More »

    South Delhi Municipal Corporation TO GENERATE 2.5MW SOLAR POWER WITH PTC

    According to reports, venturing into solar technology, the South Delhi Municipal Corporation (SDMC) entered into an agreement with Power Trading Corporation (PTC) on Friday for generation of 2.5 megawatts (MW) Solar Power on the spare vacant land of SDMC.  “This will be a part of the corporation’s renewable energy initiative. It is going to be an ambitious project after successful completion of the replacement of more than 2 lakh conventional street lights with the energy efficient LED lights and becoming ... Read More »

    Delhi secretariat saves Rs 1 cr by using solar power

    According to reports, the Delhi government has saved over Rs 1 crore in the last one year by running the Delhi secretariat on solar power, a senior official said. The 1 megawatt facility at the Indraprastha is covering 20 per cent of the Players Building where the headquarters of Delhi government is housed. “We are planning to increase the capacity to three megawatts which will power the entire building,” the official said.  “Solar panels at IP power station which provide ... Read More »

    MSEDCL blocks Metro Rail’s solar power plan

    According to reports, Mahametro’s plan to meet 65% of Nagpur Metro Rail’s energy needs through solar power has received a jolt as state-run discom MSEDCL has refused to relax its norms for the project. Maharashtra Electricity Regulatory Commission (MERC) has asked the two agencies to hold a meeting and find a way out. MERC has also told Mahametro to file its say justifying its case as being unique and requiring a special dispensation considering the intent and purpose of the solar ... Read More »

    Sebi to finalise norms for Green Bonds post MNRE comments

    According to reports, capital markets regulator Sebi will soon finalise its guidelines for listing of Green Bonds, which would facilitate raising of funds for investment in renewable energy space, after incorporating comments from the Ministry of New and Renewable Energy (MNRE). Over a year ago, Sebi’s board had approved detailed draft norms for issuance and listing of Green Bonds in the stock market to help meet the huge financing requirements worth USD 2.5 trillion for climate change actions in India ... Read More »

    Inox Wind Infra to raise Rs 195 crore via NCDs

    According to reports, Inox Wind Infrastructure Services, a wholly owned subsidiary of Inox Wind, has issued non-convertible debentures worth Rs 195 crore on a private placement basis. “The NCDs will carry a coupon rate of 8.33 per cent (payable semi-annually) and are guaranteed by the company,” the company said in a regulatory filing. The proceeds from the NCDs will be primarily used to finance the replacement capex, fresh capex, replacement of existing loans (including inter corporate deposits and optimally convertible ... Read More »

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