Module price increases to moderate solar project returns
Solar module prices have increased by about 15-20% over the last 4-5 months to around 22-23 cents/watt as of date. As PV modules comprise about 50-55% of the overall project cost, such an increase in the module price level, if sustained, may moderate the debt service coverage metrics for developers by about 12-14 basis points.
Electricity derivatives will offer power offtake certainty for renewable investors
An Institute for Energy Economics and Financial Analysis (IEEFA) report says the sale of power in the futures market will benefit renewable energy developers and distribution companies alike.
Cheaper renewable energy will leave new coal assets stranded
A new Ieefa report discusses the viability of under-construction coal-fired power plants and evaluates the associated stranded asset risk in building additional coal-fired capacity in India’s electricity system.
Solar developers approach Centre as Uttar Pradesh cancels 500 MW auction
The 500 MW solar auction cancellation by Uttar Pradesh comes as the latest blow to developers after a similar experience in Gujarat recently. Industry body NSEFI wants the central government to direct the state government to stop cancellation and issue the capacity to winning developers.
Renewable energy certificates worth over INR 9,000 crore sold to date
A new report stresses on rebooting the renewable energy certificate (REC) trading for a balanced energy transition in India. It proposes measures to make RECs more appealing to stakeholders and prepare the market for the possible supply crunch in the future.
Maharashtra discom tenders for purchase of 500 MW solar power
Solar power generators have until June 4 to bid for supplying the power from their proposed or existing PV projects under a 25-year PPA.
Bolivia launches call for lithium extraction
Bolivia has launched a second international call, after a first attempt failed in 2019, to seek potential investors for its huge lithium resources.
Torrent Power secures PPA for 300 MW solar capacity in Gujarat
The integrated power producer will sell solar power from the Gujarat plant to its licensed distribution business unit at an INR 2.22/kWh tariff.
Covid impact: Solar imports dipped 75% in ten months
Coronavirus disruption has been cited as the chief culprit as imports from China, Thailand and Vietnam slumped from April to January, but safeguarding duty also appears to have had an impact, with unaffected imports from nations such as Myanmar, Chad and Russia on the rise and Malaysian trade keeping steady.
BHEL issues global tender to select monocrystalline module partners
Bharat Heavy Electricals Ltd (BHEL) seeks module supply partners for an aggregate 750 MW of panels as it intends to participate in the tender for 500 MW Rewa solar park in Madhya Pradesh. Bidding closes on April 27.
