Rs 900-billion package not a solution to Discoms’ woes, but offers respite
For long-term stability, Discoms need to address operational issues like low billing and collection efficiency and high aggregate technical and commercial losses.
NTPC, ONGC sign MoU to set up renewable energy JV
As per the MoU, the state-owned power producer along with the oil and gas producer shall explore setting up of renewable energy projects in India and overseas, and sustainability, storage, e-mobility and ESG (Environmental, Social and Governance) compliant projects.
Solar tariffs below Rs 2.55/kWh financially unviable now, says Ieefa
To earn reasonable returns on solar projects, developers must factor in the various risks and correctly estimate the cost of every component before bidding.
India’s new solar capacity addition to fall by 23% in 2020
Capacity additions will, however, rebound in 2021 to exceed 2019 levels as the majority of delayed solar projects come online.
Covid-19 impact: Acme Solar wants to abandon record-low solar price tariff
The developer wants to cancel the power purchase agreement it signed in 2018 for a 600 MW project awarded at a tariff of Rs2.44/kWh, as it fears Covid-19-affected commissioning of the project will stretch beyond the six-month extension from the scheduled date enshrined in the agreement.
Water scarcity and the growing need for smarter solutions in solar projects
The inefficiency and irregularity of cleaning the solar panels manually, and the associated use of water defeat the purpose of shifting to renewable energies.
Sterling and Wilson Solar bags Rs 2600-crore EPC order in Australia
In its largest order in Australia, the Indian multinational company has bagged Rs 2600-crore (AUD 525 million) EPC work along with Rs 415-crore (AUD 85 million) operations and maintenance job.
Bidding extended for BOS package of 735 MW Nokh solar project in Rajasthan
June 11 is the new deadline to bid for supply of the balance-of-system (BOS), installation and commissioning of 735 (3×245 MW) Nokh Solar Park project in Jaisalmer district.
Huawei’s Smart PV Solution powers another Adani plant
The artificial intelligence powered inverter and PV management solution—which powers over 96% renewable capacity installed by Adani Green Energy—was also used for the 50 MW solar plant commissioned recently in Rajasthan.
Liquidity booster for Discoms, state guarantee to rescue
The government’s announcement of Rs 90,000 crore liquidity injection comes as a relief for Discoms. It will be, however, essential to see as to what extent the discoms can avail the scheme given the ‘tied’ nature of this support and requirement of State Government guarantee—shares Care Ratings.
