Adani Green Energy

Change of law decision by state electricity regulator opens the door for compensation, but only for schemes completed before duty was applied and commission ignored pleas to fix the rate of payments.

The facility is expected to have solar generation capacity of 360 MW and wind capacity of 100 MW, said the company in a financial update.

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.

The state’s second attempt to tender for 500 MW of capacity has made a mockery of predictions of rising PV electricity prices and exonerated utility for cancelling previous procurement round. But the absence of India’s cheapest solar energy generator from the latest exercise could be telling.

Jayant Parimal, Adani Green Energy Ltd CEO, speaks to pv magazine about the recent trade conflicts India is suffering. He talked about the background of the duties, why it all became so complicated and its impacts on installation growth and manufacturing sector.

Energy Efficiency Services Ltd. (EESL) has procured PV modules from several Indian manufacturers at a lower rate than it can from Chinese suppliers, setting a new benchmark for panel prices in the country.