FAME-II: Inter-ministerial panel set up for electric mobility projects
The committee is constituted for overall monitoring, sanctioning and implementation of the scheme, according to an order of the Department of Heavy Industries.
2 GW solar with VGF support tendered for state-run power generators
As part of the viability gap funding scheme for 12 GW of new solar, SECI has invited bids for setting up of 2 GW of grid-connected solar PV projects. The projects, to be developed on ‘build, own, operate’ basis, can be located anywhere in India for self-use or use by government entities at maximum fixed tariffs of Rs 3.50/kWh. The deadline for bid submission is May 3.
The big read: Equipment suppliers’ solar storage synergy
As lithium-ion battery sales boom, suppliers of equipment for manufacturing photovoltaics are branching out into the storage industry. Are these ventures leading them to bankruptcy or to a breakthrough in storing solar energy?
Phase II rooftop solar will give a big push to reach 40 GW target: Tata Power CEO
The latest government initiative that offers central financial assistance for Group Housing Societies and Residential Welfare Associations would help better adoption of rooftop solar among residential power consumers, which account for only around 9% of the total rooftop solar systems installed in the country (against almost 70% by industrial and commercial users).
Phase II of Rooftop Solar Scheme approved
The President of India has sanctioned financial outlay of Rs 11,814 crore for phase II of grid-connected rooftop solar programme to achieve ‘40 GW by 2022’ target.
GST and safeguarding duty have driven up solar power costs nearly 6%
A study by the Council on Energy, Environment and Water claims the imposition of goods and services tax on PV projects, safeguarding duty on module imports and late payments from hard-up power distribution companies are all hindering Indian solar.
25.75 GW farmland renewable with Rs 34,422 crore support approved
The President of India has approved total central financial support of Rs34,422 crore for the Kisan Urja Suraksha Evam Utthan Mahaabhiyan (KUSUM) rural solar scheme. Through the scheme, the government aims to add solar and other renewable capacity of 25.75 GW by 2022.
ReNew Power raises US$ 375 million with green bond
The independent power producer will use the capital raised through the green bond to refinance outstanding external commercial borrowings and as Capex in eligible green projects.
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.
Andhra Pradesh regulator considers five-year PPAs
Hard-up distribution companies say they are not reaping the benefits of falling renewable energy generation costs because 25-year deals tie them to paying power prices which now appear unjustifiably high.
