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    Why Indian power companies must dump coal and bet big on solar, wind

    According to reports, the economics of coal-fired power generation is incredibly vulnerable, much more so than is recognised. Coal is particularly at risk from competition from low cost renewables, volatile commodity prices, growing concerns about air pollution, worsening water availability for cooling, the increasing incidence of heat waves that reduce operating efficiencies and, of course, necessary action to tackle climate change. These factors in combination are driving the structural decline of coal, led by China. According to Wood MacKenzie, coal use in China ... Read More »

    India to add 9.4GW solar power capacity this year: Bridge to India report

    According to reports, India is expected to add 9.4 gigawatts (GW) of solar power capacity in 2017 but rising competition is squeezing investor returns, said a report released by Bridge to India (BTI) on Monday. It added that “it is still an unnerving time for project developers and investors as rising competition forces tariffs down and the sector faces headwinds from module price rises, tender cancellations, GST (goods and services tax) and anti-dumping duty-related uncertainty”. Despite this, the forecast for ... Read More »

    Greenko Solar to acquire stake in Pennar’s renewable energy unit

    According to reports, Pennar Industries Ltd (PIL), a Hyderabad-based engineering company, on Monday said its board has agreed to sell a stake in its subsidiary Pennar Renewables Pvt. Ltd to Greenko Solar Energy Pvt. Ltd, the solar energy arm of Greenko Energy Holdings. Pennar Industries, established in 1988, is engaged in manufacturing precision engineering products such as cold rolled steel strips, precision tubes, railway coaches, pre-engineered building systems, sheet metal components and road safety systems. According to a statement issued by ... Read More »

    With no auctions in sight, solar power price may fall below all-timelowof ₹2.44 a unit

    According to reports, the dearth of new solar auctions could drive the prices of solar power further down, below the all-time low of ₹2.44, with developers backed by private equity funds trying hard to build their assets, even if it means sacrificing returns. “Many developers have built their companies anticipating huge auctions to reach the government’s goal of installing 100 GW of solar (capacity) by 2022. That has not happened so far, and competition is increasing to win projects at ... Read More »

    Over threefold jump in India’s solar capacity in past two years: Piyush Goyal

    According to reports,  India’s total installed solar power generation capacity grew over threefold to 13,652 Megawatt (MW) over the past two fiscal years, power, coal, renewable energy and mines minister Piyush Goyalsaid today. “The cumulative solar energy capacity installed as on 31 July 2017 is 13,652 MW while the same at the end of 2014-15 was 3,743.97 MW,” Goyal said in a written reply in Lok Sabha. “The States of Andhra Pradesh, Gujarat, Karnataka, Madhya Pradesh, Rajasthan, Tamil Nadu and Telangana have crossed the solar installed ... Read More »

    Sanghvi warning may hit other wind firms

    According to reports, Sanghvi Movers has cut its capex for FY18 and warned of a bleak outlook for wind energy equipment companies in the coming months due to tariff revisions being planned by various state governments. “Due to change in business conditions and more particularly government of India’s policies towards wind energy sector, we expect slowdown in our business volume and therefore expect decrease in the turnover and profitability of our company during the current financial year,” said Sanghvi Movers, in an ... Read More »

    India adds 4.8 GW of solar capacity in H1

    According to reports, India has added 4,765 MW of solar power generation in the first half of 2017, surpassing the 4,313 MW installed during 2016. Of this, 1,869 MW was added in the second quarter of 2017, according to Mercom India Research. While large-scale solar installations aggregated to 1,639 MW in Q2 2017, rooftop installations accounted for 230 MW. In the first half of 2017, large-scale solar installations made up 4,290 MW (90 per cent) and rooftop installations totalled 475 ... Read More »

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