Finance

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.

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Exide JV partner gets a big boost ahead of Li-ion battery operations in India

The revenues of Switzerland-based Leclanché have increased more than 2.5 times to exceed CHF 47 million in 2018 compared to CHF 18 million in 2017.

12 GW ‘new’ solar with VGF support approved

The president of India has approved the Rs 8580 crore viability gap funding (VGF) support for state-run generators to set up 12 GW of solar projects using domestically-made equipment over the next four years.

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UK-India fund commits $200m to renewables developer Ayana

Fund backed by both governments commits $200 million to the developer, which was itself established by the U.K. government a year ago. Ayana – which boasts a 500 MW solar portfolio – recently enjoyed a $330 million cash boost from public-private joint venture EverSource Capital.

Anti-dumping duty slapped on Malaysian solar glass

The Indian government has imposed anti-dumping duty of $114.58/metric ton on tempered solar glass imports originating in or exported from Malaysia. The five-year duty will be applied to products from producers except Xinyi Solar Sdn. Bhd.

A solar decade: From 9 MW to 28 GW

There is widespread doubt about whether India can achieve its 100 GW solar target by 2022 but, having started from a base of only 9 MW of capacity 10 years ago, it would be foolish to write off the prospects of this solar superpower.

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Waaree Energies eyes 100 MW rooftop solar in 2019-20

The Mumbai-based solar PV panel manufacturer and EPC contractor aims to commission 100 MW rooftop projects in the financial year 2019-20, generating a revenue of Rs 400 crore from this segment alone.

Field-installable solar panel coating gets funding boost

US-based Pellucere Technologies, Inc. has secured funding to commercialize its MoreSun coating that increases solar module energy output by more than 4%.

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Concessional finance can make solar and batteries cost-competitive faster: BNEF

The higher the cost of a technology, the greater the potential impact concessional finance can make. For a lithium-ion battery project, reducing capital costs by even one percentage point can reduce energy generation costs by $10/MWh.

ReNew Power secures fresh $350 million from US investor

The Gurugram-based independent power producer has secured fresh debt financing of up to US$ 350 million from the US government-owned Overseas Private Investment Corporation (OPIC). This follows an earlier round of financing in March 2016 when OPIC had granted a loan of US$ 250 million to ReNew Power.

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