Change in form of Indian power purchase agreements may occur, says UK developer

The chief executive of Britain’s Proinso suggested slashing the length of power supply contracts from 25 to just five years could be a significant setback for Indian solar, and said the solution could be a hybrid agreement incorporating fixed and spot prices.

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Government fund to safeguard payments for PV developers

The payment security fund administered by SECI will ensure late payments by debt-laden discoms will not affect solar developers. The government is considering a levy on PV projects to help maintain the fund.

The long read: PV’s Polish cold turkey

Considering the remarkable advances made by the solar sector since the Rio ‘Earth Summit’ of 1992, PV was notable by its absence at the Convention of Parties climate change summit held by the UN in Poland.

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India leads region as volume of corporate clean energy smashes record

The nation saw 1.3 GW of renewable energy secured for business through private PPAs in 2018, almost twice as much as the volume recorded in Australia, but the picture could change next year if China follows through with its renewable portfolio standard commitment.

This year could see a reckoning for ultra-mega PV projects

The fate of the clutch of 500 MW-plus projects due to break ground this year could determine whether such ambitious schemes have a viable future, says Wood Mackenzie in its solar 2019 forecast. And the Indian market should brace for consolidation, add the analysts, because of aggressive reverse-auction tariff pricing.

Hyper low costs ensure clean energy investment fell in India last year

The nation still managed to attract around $11.1 billion for renewable energy in 2018, to be the world’s fifth most attractive destination for funds, according to new figures compiled by BloombergNEF.

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Exide Industries JV partner gets debt restructuring lift

Swiss battery maker that intends to bring production lines to Gujarat has been helped along in a planned reduction of its debt pile by its domestic authorities. The way is now clear for a shareholder vote next Tuesday.

Exide Industries JV partner prepares for debt restructuring

Historic Swiss brand Leclanché is on an expansionist trail, notably in India and low-carbon shipping, but restructuring its debts will involve ceding even more control of the venerable company to institutional investors.

Government again attempts to woo foreign manufacturers

Ministry of Science and Technology has reissued a plea for overseas solar companies to partner up with Indian concerns to kick-start production lines.

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Solar leads renewables charge – but not fast enough

Latest forecasts predict capacity expansions of ever cheaper PV and wind power generation up to 2030 will do little to dethrone king coal in India.

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