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.
Solar EPC firm SunEdison raises US$2.5 million from US investor
Fenice Investment Group will subscribe to compulsorily convertible preference shares (CCPS) of SILRES Energy Solutions at Rs 10 per CCPS. The investment is expected to complete by May 25.
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.
India’s electric vehicle component market to grow 22% per year for a decade
The market will be driven by shared-mobility electric car deployment and will see annual growth of up to 61.7% for battery management systems.
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.
Gujarat announces sops to attract new manufacturing units
Plug-and-production facilities and labour law exemptions for 1200 days are among the decisions announced by the chief minister of the Indian state which contributes 7.9% to India’s gross domestic product and 20% to the overall exports.
Gigawatt scale ‘ultra-mega’ solar parks driving India’s energy transition
India hosts numerous 1 GW-plus solar parks, two of which are the largest commissioned in the world. The huge sites have been instrumental in driving economies of scale and continue to attract global capital and some of the most recognized renewables developers.
India’s renewables-plus-storage tenders mark a new beginning with highly competitive tariffs: NSEFI
The recently concluded 400 MW renewables auction to supply 24-hour electricity saw winning bid of INR2.90/kWh—a new milestone after peak+off-peak tariff of INR4.07 was achieved in January’s 1.2 GW auction demanding assured power supply during peak demand hours.
