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    Madhav Infra Projects to put its 34 MW solar assets up for sale

    According to reports,Vadodara-based Madhav Infra Projects has put its 34 MW of solar assets up for sale. The company’s solar business is believed to be worth about R300 crore. Analysts reckon the move marks an incipient trend given that solar firms’ margins are falling to wafer-thin levels, making it difficult for smaller players to be in the business. Confirming the development to FE, Amit Khurana, managing director, Madhav Group, said that with a drop in tariffs for solar projects and ... Read More »

    Wind power reverse auction today, may witness aggressive bidding

    According to reports, India’s first reverse auction for wind power by state-run Solar Energy Corp. of India (SECI) on Thursday is likely to see aggressive bidding from wind power firms for the 1 gigawatt (GW) tender, according to companies and consultants. ReNew Power Ventures Pvt. Ltd, one of India’s largest independent wind power producers, expects the bidding to be aggressive and competitive. “Most of the bids have come either for Tamil Nadu or Gujarat, which are high-wind states and therefore ... Read More »

    Government colleges set to tap solar power

    According to reports,  in order to make college campuses self-sufficient in power generation, the state higher education departmenthas been planning to install solar panels in all universities, government engineering colleges and polytechnics and a few of the government colleges under its jurisdiction. As per the direction from education minister C Raveendranath, these educational institutions will have to submit master plans for solar panel projects in their respective campuses within a month.Among the government colleges chosen as part of the first ... Read More »

    Gujarat to develop hybrid project using solar, wind energy

    According to reports, at a time when the demand for solar projects is dwindling, the Gujarat Energy Research and Management Institute (GERMI) is developing a hybrid technology using solar and wind energy to generate power. The institute is doing research on developing a hybrid rooftop solar-wind tower amid rising concerns over land utilisation and infrastructure costs. According to GERMI, this will not only improve land utilisation, but also reduce the cost of transmission infrastructure. The institute is planning to conduct ... Read More »

    Renewables row: US blocks India at WTO on localisation issue

    According to reports, India’s request for a dispute settlement panel against the US for incentivising use of domestic over imported goods in its renewable energy programmes was taken up by the World Trade Organisation on Monday. The move, however, was blocked by the US, which said that it had not flouted norms. “The US’ move of blocking the panel was expected. Now we will have to put in our panel request again. The WTO will have to oblige the second ... Read More »

    Kerala plans 10 more solar ferries

    According to reports, close on the heels of operating India’s first solar-powered ferry, the State Water Transport Department (SWTD) has sought Central subsidy to procure 10 more solar-powered catamaran-type ferries for use in Kochi and Alappuzha. The successful operation of the 75-seater ferry introduced a month ago in the Vaikom-Thavanakadavu route has given impetus to the demand for solar-powered ferries in numerous other routes. The Centre gave 50 per cent subsidy for the vessel that cost approximately ₹2 crore. Request ... Read More »

    No such thing as a perfect renewable energy contract

    According to reports, India’s 175 GW renewable energy (RE) targets by 2022 are ambitious, to say the least. Compared to RE targets in Europe, China, or California that require 4-5% growth in RE capacity annually, Indian targets require 25% growth. This translates to enormous capital investment (well over $100 billion), including from global investors. RE investors used to complain that dealing with India was like dealing with 30 countries; each state had its own norms. The model bidding document across states ... Read More »

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