ICRA downgrades 1.9 GW of wind, solar projects amid headwinds
Continuing delays in payments from utilities, regulatory uncertainty on tariff matters and tight financing have hit the industry hard.
Captive solar plants, a lucrative proposition for growing MSMEs
By going for captive solar plants, MSMEs can not only contribute in addressing the challenge of global warming but also generate additional cash flows to their business. Ample funding is available for them to make the switch.
Ministry issues bidding guidelines for solar-wind hybrid projects
The Ministry of New and Renewable Energy has suggested minimum 25-year power purchase agreements and also opened up the option of including energy storage in solar-wind hybrid generation projects procured under its public tender regime.
MNRE refutes CRISIL report casting doubt on achievement of ‘175 GW by 2022’ target
“The CRISIL report is neither factually correct nor takes into account initiatives taken by the MNRE to facilitate accelerated development and deployment of renewable energy in the country. India will not only meet 175 GW target but exceed it by 2022”—stated the ministry.
“Solar curtailment in Andhra Pradesh, a willful violation,” NSEFI writes to power minister
Plant load factor for thermal power generators ramped up to 70-80% between July 2019 till date while solar power projects were arbitrarily backed down by more than 60-70% of their operational capacity during the same period.
Goa to roll out 50 electric buses by March
The state bus company had originally sought central government funding for 250 vehicles but was given the green light for the smaller figure. A pre-bid meeting related to the tender is planned on Friday.
India to fall well short of 175 GW renewables target
A report by Indian ratings agency CRISIL points to a rising rate of tender failures, an inconsistent policy approach from central and state governments and restrictive solar energy tariff caps and says India could have just 104 GW of renewables capacity by 2022.
Another bidding extension for 275 MW Uttar Pradesh tender
The state government has set a solar power target of 10,700 MW by 2022 and 23,500 MW by 2030. The latest extension by Solar Energy Corporation of India is second in line for the 275 MW project which was announced in August.
Gujarat tenders for 100 battery-operated school vans
Manufacturers have been invited to compete for the tender by submitting expressions of interest by October 22. The vehicles must be ready to hit state roads by the end of March.
Adani Green Energy’s $362.5 million green bonds score E1/90 in S&P Green Evaluation
The bonds being issued by the company’s three arms collectively—Adani Renewable Energy Ltd, Kodangal Solar Parks and Wardha Solar (Maharashtra)—will be used to finance and refinance solar power plants and related transmission infrastructure in India.
