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    Telangana will shine bright with solar power: Power Minister

    According to reports, Minister for Power G Jagadish Reddy on Saturday slammed the Opposition for trying to malign the image of the government. The Opposition accused the government of not taking steps for increasing power generation. During the question hour in the Assembly, Jagadish Reddy strongly criticised the Opposition’s remarks and said that state had set a target to generate 2,000 MW solar power by December this year. He said the Telangana state, which holds second place with 1,300 MW after ... Read More »

    TEDA bids for 50 MW solar power

    According to reports, Tamil Nadu Energy Development Agency (TEDA), the State nodal agency for promoting renewable energy, is bidding in Tangedco’s tender for procuring 500 MW of solar power. TEDA has bid for 50 MW capacity in the tender at a price of ₹4.44 per kilo watt hour, making it the second highest in terms of capacity. Rays Power Infra Pvt. Ltd had bid for ₹4.40/kwh for setting up 100 MW capacity, which was the lowest bid against its benchmark ... Read More »

    Karnataka mulls competitive bidding for wind power

    According to reports, after the success of the recent central government-sponsored auction of wind power capacity, Karnataka is looking to do the same. Wind power companies have always sold energy at rates fixed by the respective State electricity regulatory commissions, and these feed-in tariffs have ruled around ₹4.50 a kWhr. Tamil Nadu, the windiest state, pays ₹4.16 a kWhr.However, in the country’s first tariff-based auctions, held last month, the market-determined tariffs slid to as low as ₹3.46 a kWhr. This ... Read More »

    First Solar may sell about 200MW of assets in India

    According to reports, American solar panel maker First Solar is exploring the sale of almost 190-200 megawatts (MW) of its solar power assets in India, two people aware of the development said. First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems and has supplied solar panels worth over 17 gigawatts (GW), globally, according to the company’s website. “First Solar India has been contemplating to monetize its solar power assets of around 190-200 MW and they are ... Read More »

    MNRE receives Rs 10,239 cr from NCEF since FY’15

    According to reports, the Ministry of New and Renewable Energy (MNRE) has received Rs 10,239 crore from the National Clean Energy Fund in the three fiscals to 2016-17. “From FY 2014-15 up to the current financial year, i.e 2016-17, Rs 10,239.18 crore was allocated from the National Clean Energy Fund (NCEF) to the Ministry of New and Renewable Energy,” Union Power Minister Piyush Goyal said in a written reply to the Rajya Sabha. In addition to NCEF support, Rs 787.53 ... Read More »

    Shell wants to build renewable energy portfolio in India

    According to reports, Royal Dutch Shell is looking at opportunities in India to build its renewable energy portfolio, especially in light of the country’s renewable energy targets to be achieved over the next decade, according to Mark Gainsborough, executive vice- president, New Energies, Royal Dutch Shell. “India has a very ambitious target for the growth of the renewable sector,” Mr. Gainsborough told The Hindu during a clean energy forum organised by Shell during its ‘Make the Future Singapore’ event. “I ... Read More »

    Solar power rates have not fallen in the past 18 months: Bridge to India

    According to reports, amid widespread talk of falling solar tariffs, a recent study has thrown up a contrary conclusion. “Adjusted for changes in capital costs and other parameters, bids in India have not trended down in the last 18 months,” Bridge to India, a consultancy, said in a report that analysed price trends across major auctions conducted from July 2015 to December 2016. “Harmonised tariffs have stayed reasonably stable around the average level.” The average harmonised price has been Rs ... Read More »

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