Although the International Energy Agency’s latest renewables report forecasts impressive solar growth there is still a nagging feeling it has produced conservative estimates and the emphasis on sharing costs with grid operators is predictable.
The disparity between central and state government renewables policies must be resolved and renegotiating signed PPAs is an absolute no-no, according to the solar business’ bosses.
Continuing delays in payments from utilities, regulatory uncertainty on tariff matters and tight financing have hit the industry hard.
By going for captive solar plants, MSMEs can not only contribute in addressing the challenge of global warming but also generate additional cash flows to their business. Ample funding is available for them to make the switch.
Manufacturing sector accounts for 14% of rooftop installations among top end user industries. The sector added around 130 MW of rooftop capacity in FY2019.
“The CRISIL report is neither factually correct nor takes into account initiatives taken by the MNRE to facilitate accelerated development and deployment of renewable energy in the country. India will not only meet 175 GW target but exceed it by 2022”—stated the ministry.
This year will see strong growth for the global PV market, to 114 GW, and that pattern will continue in the years ahead, according to analyst Wood Mackenzie. A report has highlighted soaring inverter replacement costs for PV project owners as a side-effect of the solar success story.
The grid-connected projects—to be set up on ‘design-build-finance-operate-transfer’ basis—shall come up at 117 locations of four zonal railways (Eastern, North Central, North Frontier and Northern) and coach production units in Kapurthala and Raebareli. Bidding closes on December 9.
November 2 is the bidding deadline for grid-connected rooftop and small solar power plants that shall come up in government buildings across different states and union territories of India.
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