Utility Scale PV

Coal project finance in the year 2019 stood at just INR 1100 crore (US$190 million), compared to renewable energy lending aggregating to INR 22,971 crore (US$3220 million).

Global bids are invited to set up the solar capacity on a build-own-operate basis across two sites, each with around 10 MW. Bidding closes on December 17.

The 438 MW of new solar capacity added during the three months ending September includes 283 MW from large-scale installations and 155 MW rooftop.

India added rooftop solar capacity of 399 MW in the second quarter (July-Sept) of FY 2020-21, compared to 188 MW installed in the corresponding period last year.

The state-owned power generator has reduced the tendered capacity from 600 MW to 500 MW. Further, the plants are to be located in Gujarat. Bidding closes on November 19.

The Group’s renewable energy business (Adani Green Energy) has a market value of US$15.6 billion, which is 40% more than India’s largest thermal power generator NTPC—a company with 22 times as much capacity. The RE business is of serious global investor interest, but also materially exposed to the wider Group’s environmental, social and governance (ESG) standing. By committing to phased closure of coal plants, Adani Group could lower the risk to global capital access while aligning with the government’s vision for energy independence through fast-growing reliance on renewables.

Climate Policy Initiative and REConnect Energy have developed an innovative mechanism called Garuda to retire old, inefficient thermal plants with equivalent renewable capacity. The scheme proposes a blended tariff that would include the normal tariff for the new renewable energy plant plus the cost of decommissioning the old fossil fuel plant, while making the provision for green bonds to finance RE. 

With the International Energy Agency publishing its latest five-year clean energy forecast today, pv magazine takes a look at the solar content of the 162-page document.

The state-owned power generator plans to reach 32 GW of capacity through renewables or one-fourth of its overall power portfolio by the beginning of the next decade.

Indian solar sector remained buoyant even amid Covid pandemic as 15.3 GW of solar capacity (including solar-wind hybrid) was sanctioned in the current year’s first half itself. However, returns expectations from equity investments rose from around 14% in the first half of 2019 to 16-17%, indicating heightened risk perceptions among investors.