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    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 »

    Rural Electrification eyes Rs10,000 crore renewables lending push

    According to reports, Rural Electrification Corp. (REC), a state-owned backer of India’s power sector, plans to lend billions of rupees to clean-energy projects and equipment makers this fiscal year as part of an expanded push into renewables that will also see it issue green bonds overseas. The non-banking financial company is aiming to triple its clean-energy lending and is expecting to set aside nearly Rs10,000 crore ($1.5 billion) for renewable energy in the financial year ending 31 March, chairman P.V. ... Read More »

    Solar power presents huge refinancing opportunity: India Ratings

    According to reports, India Ratings and Research (Ind-Ra) estimates a possible refinancing opportunity for more than Rs 56000 crore out of the total debt of Rs 1.73 lakh crore across various infra sub-sectors in its portfolio till FY19. Of this, solar is expected to be in the forefront in terms of the number of deals with refinancing to the tune of 33%, followed by 27% in the highway sector. Also, there could be a shift in the type of instruments issued ... Read More »

    Senvion unveils India playbook

    According to reports, Senvion has launched four 2MW turbines in India that will be available for installation later this year. The German manufacturer said the 2.4M110, 2.4M114, 2.3M120 as well as a 2.3MW model with 124 metre and 110 metre rotors are now on the market in the country. It said the models are ideal for the low wind sites and have undergone testing in hot weather conditions. Chief executive Jürgen Geissinger said the company has now “arrived” in India after ... Read More »

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