India could generate all of its power from renewables by 2050
A renewable energy system in 2050 is technically possible and economically viable for India, with the levelized cost of electricity falling from the current €58/MWh (Rs4,626) to €52 under one scenario in a recent report, and to €46 in another that included demand for power, water desalination and non-energy industrial gas sectors.
De-risking, financing and capacity building high on ISA agenda – Interview
The iSTAR-C program of India’s International Solar Alliance (ISA) was adjudged an outstanding project during the Paris Peace Forum this month. The program is one of many ISA initiatives to develop solar resources in member countries. After the first assembly of the ISA, interim Director-General Upendra Tripathy tells pv magazine about the organization’s achievements and plans.
NTPC to procure 1 GW of power from existing solar and wind projects
India’s largest power company is set to make a statement of intent with procurement, and has set a first round bid ceiling of Rs2.67 for the reverse bidding auction. Successful bidders will secure a one-year PPA which can be extended by six months.
Tamil Nadu floats 500 MW solar tender with tariff cap
Supervising authority has given the state distribution company the green light to conduct three 500 MW solar tenders. The move marks the first procurement exercise held by TANGEDCO in almost 12 months.
India is the world’s largest renewable energy auctions market: BNEF
India has become the world’s largest market for new renewable energy auctions and the second-largest destination for attracting clean energy investments, according to the latest Climatescope 2018 report by BloombergNEF.
Q3 solar exports jump 223%, imports up by 38%
After a downbeat second quarter this year, India’s solar industry perked up in Q3 with solar exports jumping 223% and imports increasing 38% over the Q2 CY 2018 numbers.
CDC to raise $100 million with Ayana Renewable stake sale
CDC Group Plc., a U.K. government-owned development finance institution, plans to raise US$100 million by selling its stake in Ayana Renewable Power – a renewable energy platform it recently launched in India.
Exide Industries JV partner prepares for debt restructuring
Historic Swiss brand Leclanché is on an expansionist trail, notably in India and low-carbon shipping, but restructuring its debts will involve ceding even more control of the venerable company to institutional investors.
Government again attempts to woo foreign manufacturers
Ministry of Science and Technology has reissued a plea for overseas solar companies to partner up with Indian concerns to kick-start production lines.
Double blow for SECI as mega tenders are met with apathy
Only three bidders have come forward for huge manufacturing-linked solar and solar-wind hybrid procurement exercises. The separate auctions – originally intended to drive 12.5 GW of new generation and 5 GW of manufacturing capacity – prompted figures of just 3.05 GW and 600 MW, respectively.
