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    Renewables to be over 60% of India’s generation capacity: Piyush Goyal

    According to reports, enthused by drop in renewable energy tariff, Power Minister Piyush Goyal today said India’s 60-65% of installed power generation capacity will be green energy. “Going by prices we have discovered, I am inspired to say that 60-65% of India’s installed capacity base will be green energy,” Goyal said at Take Pride event organised by CII. He further said, “India’s renewable energy programme is a great example of how you can do big by thinking big.” Earlier this ... Read More »

    India’s solar power sector is getting commoditized: First Solar

    According to reports, India’s solar power sector is becoming commoditized and margins are getting squeezed across the sector’s value chain, according to Sujoy Ghosh, country head of US-based First Solar Inc.’s India unit. First Solar, a US-based photovoltaic (PV) panel maker and one of the first overseas companies to enter India’s solar energy market, started selling solar modules to project developers in India in 2012 and counts the country as its second-largest market after the US in terms of total shipments. ... Read More »

    Policy interventions behind solar tariff plunge

    According to reports, the government’s policy interventions such as waiver of transmission and wheeling costs have helped solar tariffs plunge, power ministry’s joint secretary Jyoti Arora said at the Economic Times Global Business Summit. Solar tariffs have plunged below Rs 3 per unit at the latest auction in Madhya Pradesh, but experts were unanimous that the sector is capable of standing on its own feet with policy support from the government. “Hidden costs like the cost of transmission and balancing ... Read More »

    Wind developers at risk as India copes with dual payment system

    According to reports, India’s wind-energy industry is seeing the viability of projects called into question as it adjusts to Prime Minister Narendra Modi’s transition away from two separate systems to pay for clean power. The government is shifting toward auctions to buy electricity from wind, phasing out feed-in tariffs that guarantee a fixed price to producers for their power. Utilities that pay for the power are pushing developers who qualify for the fixed payments to match the lower costs auctions ... Read More »

    Temasek-backed Sembcorp set to pump in $600 million in India power arm

    According to reports, Sembcorp Industries Ltd, controlled by Singapore’s state-run investment firm Temasek Holdings Pte Ltd, is set to provide about $600 million to its Sembcorp Gayatri Power Ltd (SGPL) unit that operates a 1,320 megawatt (MW) thermal plant in Andhra Pradesh. Sembcorp will subscribe to $600 million worth of bonds issued by the Indian unit, a person with direct knowledge of the matter said on condition of anonymity. The funds will be used by Sembcorp Gayatri to pay down its ... Read More »

    Even as US rakes-up solar energy row with India, world panel producers eye market here for future business

    According to reports, the WTO’s dispute settlement function has been a trustworthy mechanism for settling disputes between WTO members. It has run well, since WTO members have accepted rulings of the multilateral trade body on various disputes and amended domestic policies accordingly. But this may no longer be the case if some WTO members are ‘directing’ changes in domestic policies of other members following WTO decisions. The India-US solar power dispute is a pertinent case. Last year, India lost to ... Read More »

    Macquarie in talks to buy solar power assets of Hindustan Power

    According to reports, Macquarie Infrastructure and Real Assets (MIRA) is in advanced talks to acquire a 320 megawatt (MW) portfolio of solar assets from Hindustan Power Projects Pvt. Ltd (HPPPL), two people familiar with the development said. HPPPL, formerly known as Moser Baer Projects Pvt. Ltd, has over 600MW of solar capacity. In April, it commissioned a 1,200MW thermal power plant at Anuppur in Madhya Pradesh. Mint reported in September that the firm was scouting for buyers for a large ... Read More »

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