Finance

India presents a $500-700 billion opportunity in renewables: IEEFA

The ambitious renewable energy target of 523 GW by 2030, coupled with conducive government policies announced recently, will pave the way for increased renewable investment in the coming decade.

Commercial solar at grid parity in China but a hard line is needed on soft costs

Deploying commercial and industrial PV in China without subsidy is already profitable in some areas, according to a new study, but prohibitive soft costs and cheap electricity are the main barriers for such installations in areas where grid parity remains out of reach.

Corporate clean energy PPAs to smash last year’s record: BloombergNEF

Power purchase agreements for 8.6 GW of clean energy have been signed in 2019 till July—up from 7.2 GW at the same time last year—with USA alone accounting for up to 70% of the deals. India continues to lead the Asia Pacific region despite registering a slowdown in the activity.

Care Ratings revises outlook on 11 solar developers to negative

The revision in outlook reflects increased counterparty risk and weakening in the liquidity position of these generators owing to significant delays in the receipt of payments from Telangana DISCOMs.

5595 electric buses sanctioned under FAME II Scheme

Of these, 5095 e-buses have been allocated to 64 cities for intracity operation, 400 for inter-city operation and 100 for last-mile connectivity to Delhi Metro Rail Corporation.

India to hike import tariff on solar equipment: Power minister

Tariffs will be hiked down the value chain in order to encourage domestic solar manufacturing, which currently stands at just 3.2 GW for solar cells and 8.5 GW for solar modules.

3rd International Electric Vehicle Conclave to kick off tomorrow at Manesar

Jointly organised by India Energy Storage Alliance (IESA) and The International Centre for Automotive Technology (ICAT), the conclave on EV and charging infrastructure will take place on August 9, 2019 at ICAT’s Manesar Campus in Gurugram with over a hundred participating companies.

MNRE invites solar research proposals

The ministry has invited proposals for high-efficiency perovskite solar cells, solar panel recycling, hybrid inverters and new applications that combine solar and storage, among others.

Discoms still not issuing letters of credit against power purchases – NSEFI

The National Solar Energy Federation of India has warned the Ministry of Power that PV developers may be deterred from participating in state tenders because distribution companies are still not issuing letters of credit as a payment security mechanism.

Uttar Pradesh cabinet clears 150 MW floating solar plant over Rihand Dam

The plant will attract an investment of Rs 750 crore into the state, with Rs 500 crore coming from ReNew Power to set up 100 MW and Rs 250 crore from Shapoorji Pallonji for the remaining 50 MW.

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