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.
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.
Gujarat’s solar capacity crosses 2.6 GW mark
Gujarat’s total installed solar capacity has crossed the 2.6 GW mark, according to the latest data released by the Gujarat Energy Development Agency (GEDA).
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.
SECI tenders 1.5 GW solar with VGF support for state-run power generators
Micro and mini grid-connected projects will also be considered. The projects—to be developed on ‘build-own-operate’ basis—can be set up anywhere in India for self-use or use by government entities at maximum fixed tariffs of Rs 3.50/kWh. Bidding will close on August 23.
Lowering emissions without breaking the bank
A combination approach is more suitable than standalone carbon pricing and standard renewable portfolio scenarios for India to meet its climate targets, says a study by Massachusetts Institute of Technology (MIT) researchers.
NALCO, HCL and MECL sign JV agreement to secure lithium and cobalt
The joint venture company—Khanij Bidesh India Limited (KABIL)—will help India to secure strategic minerals from abroad for manufacturing of solar energy storage and EV batteries.
