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    States may auction under-construction wind power projects, further lowering tariffs

    According to reports, the disruption caused by India’s low clean energy tariffs is playing out, with rating agency Crisil cautioning that the risk profile of wind projects will increase. In a report, Crisil said that under-construction projects, as part of the feed-in tariff (FiT) regime, may be put up for auction by the states to further lower tariffs. While these projects didn’t have a power purchase agreement, work had started on them on the basis of the licences awarded by ... Read More »

    Hitachi enters Indian solar market with CleanMax Solar

    According to reports, Japanese electronics and instrumentation major Hitachi High-Technologies Corporation has announced its entry into the Indian solar market, in collaboration with Mumbai-headquartered CleanMax Solar India. The two companies will “jointly offer high-end rooftop solar solutions to Japanese companies across India.” CleanMax Solar’s Managing Director, Kuldeep Jain, told BusinessLine today that the MoU is “the first step towards a long term partnership structure”. At this point in time, the two companies are operating on a “pre-agreed profit sharing model,” Jain ... Read More »

    Orient Green Power: Posts strong FY17 financials; Climbs over 3%

    According to reports, Orient Green Power stock marched over 3% on the first half of Thursday’s intraday trade on BSE at Rs 8.84 per share. The company reported its FY17 financials today which reported, Revenues higher by 13%, EBITDA grows 37% to Rs. 293 crore EBIT increases 15.5 times to Rs.125 crore EBITDA at Rs. 293 crore in FY17 The stock in today’s intraday trade attracted a trading volume of 1,64,976 shares and a traded value of Rs 14.90 lakhs on ... Read More »

    Chinese solar panels to face quality control barrier

    According to reports, the Centre is looking to restrict the influx of low-quality, cheap solar panels, a major component in the industry that is experiencing a fall in tariffs, from China. The government is designing standards for solar panels, which would also help it identify domestic and overseas suppliers. “We are looking at tighter quality control so that we get good quality equipments for our solar programme. There will be a process to maintain tighter standards to maintain efficiency,” said ... Read More »

    Cheaper solar sparks change in energy use

    According to reports, solar power becoming cheaper than its coal-based alternative for the first time in the country seems to have sparked an energy transformation, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA). Various state governments have, in recent times, cancelled nearly 13 Gw of coal power projects. This has happened, according to the IEEFA, because of a record low rate for solar power at Rs 2.44 per unit ($0.038 per per kWh). “For ... Read More »

    India aims to expand renewable energy capacities to record levels

    According to reports, India has taken the lead in the renewable energy sector in the world with solar power at the centre of its renewable policy framework. The country is aiming to expand its renewable energy capacities to a record level making it the world’s largest green energy producer nation. Union Minister of State with Independent Charge for Power and Renewable Energy, Piyush Goyal underlined India’s ambitious goals in the renewable energy sector. Speaking on a seminar on Africa India ... Read More »

    India to raise over $350 million in bonds to fund clean energy programs

    According to reports, India’s cabinet on Wednesday approved a proposal to raise over $350 million from a bond sale to fund its renewable energy development schemes in a bid to achieve its ambitious clean energy goals. Prime Minister Narendra Modi has set a target of raising India’s renewable energy generating capacity to 175 gigawatts by 2022, requiring about $100 billion in investments, as part of the fight against climate change by the world’s third-biggest greenhouse gas emitter and to supply ... Read More »

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