Rising Global Interest in Indian Solar Sector Led to Competitive Bidding: CRISIL Report

"A big reason for lowering of tariff compared with even ISTS VIII was the timing of the auctions, which offered a window of opportunity before any additional taxation (in the form of safeguard duty and/or basic customs duty) set in. Without the current duty of 15 percent, keeping module prices stable, capital costs would be lower by 5-7 percent"

Business | 06/07/2020 | By Moulin

India Accomplishes Remarkable Low Solar Tariff of Rs 2.36 Per KWh for 2-GW ISTS Tender

The key reason behind such low tariffs was zero safeguard duty for developers, access to low-cost financing, and a pass-through from basic customs duty under ‘change in law’ provision in this precise period, which is expected to considerably reduce project costs, it added

Renewable energy / Solar PV | 01/07/2020 | By Moulin

Investments Worth $1 Trillion Required by 2030 for Power Sector Transition to Decarbonization

The COVID-19 pandemic will reduce investment levels in the short term, but the market will recover. Throughout the decade, $846 billion will be invested in DER, supported by a further $285 billion that will be invested in battery storage

Business | 29/06/2020 | By Moulin

Post-COVID-19 India’s Financial Uncertainty Will Make RE Investors Selective About Projects

The booming Indian renewable (RE) sector has been hit badly by COVID-19. As per GlobalData’s analysis, the RE sector in India contracted by over 50% in H1 2020 compared to the same period last year. During H1 2019, India saw over 104 financial deals in the RE technologies as compared to just over 50 during H1’2020

Business | 25/06/2020 | By Moulin

MNRE Issues Revised Guidelines for the Development of Ultra-Mega Solar Power Parks

There were seven models under which this program could be executed, but the ministry has now added a new model called Ultra-Mega Renewable Energy Power Parks (UMREPPs)

Policies & Regulations | 20/06/2020 | By Moulin

Sterlite Power Appoints Swaminathan Subramanian as Group Chief Human Resource Officer

Swaminathan Subramaniam, Group CHRO, Sterlite Power, added, “I am excited to join Sterlite Power, which has Social Impact underpinning its strategy, Innovation as a way of life and Talent as a key stakeholder shaping its journey. I look forward to working with the leadership team to deliver a meaningful employee experience.”

Business | 07/07/2020 | By Moulin

Vestas Extends Sulzer & Schmid’s DJI Drone-Based Blade Inspection Technology to Asia-Pacific

With this new technology, Vestas expands its existing expertise and offering for blade servicing and maintenance. Vestas has initially deployed the solution to interested customers in Australia and, will now be expanding the service to other countries in the Asia Pacific Region

Renewable energy / Wind Power | 07/07/2020 | By Moulin

SJVN Issues Tender for Setting Up Solar Plant Worth 100 MW at Dholera Solar Park

The scope of work for the selected bidders will include the design, engineering, supply, procurement, construction, testing and commissioning of the solar power plant on a Build Own Operate (BOO) basis

Renewable energy / Solar PV | 07/07/2020 | By Moulin

Strict Emission Standards & Rising EV Sales to Fuel Application of Li-Ion Battery Materials

With Li-ion expected to remain the battery technology of choice, the Li-ion battery materials market is forecast to grow at a compound annual growth rate (CAGR) of 13.0%, reaching $36.56 billion by 2026 from $15.49 billion in 2019

Energy Storage | 07/07/2020 | By Moulin

Argentina’s Renewable Electricity Generation on Track for 2025 Target Despite COVID-19

By 2025, the renewable electricity generation is anticipated to be in the range of 20-25TWh, against an overall expected demand of over 100-140TWh, making the target set by the National Development Regime to be just about viable

Business | 07/07/2020 | By Moulin

Tata Power Completes Sale Transaction of Ships for $212.76 Million

TERPL will now cater to the shipping requirements of the Company's imported coal-based CGPL plant at Mundra under an asset-light model which will help unlock significant value and returns for the Company's shareholders. The sale proceeds will be used towards reducing the debt as well as to fund future growth plans

Business | 07/07/2020 | By Moulin

India to Add Solar Capacity Worth 5.5 GW in FY21, 15 Percent Decline Due to COVID-19: ICRA

The solar capacity addition in FY 2020-21 is further expected to remain subdued given the continued execution challenges post lockdown restrictions since March 2020, which have resulted in disruption of the supply chain as well as labour availability issues

Renewable energy / Solar PV | 07/07/2020 | By Moulin

India’s Power Generation Still Far Away from Normal: GlobalData

With the decline in demand, the focus shifted away from coal-based generation. The plant load factor (PLF) of coal-based generation plants had been seeing a drop from March 2020. In March, the year-on-year PLF dropped by 16.4% which was more than 30% in April

Business | 07/07/2020 | By Moulin

Abu Dhabi Global Market Partners with IRENA to Promote Sustainable Finance

Through the MoU, ADGM and IRENA solidified their mutual dedication to promoting solutions that facilitate investment in renewable energy. The agreement was signed by Dhaher bin Dhaher, CEO of the ADGM Registration Authority (RA), and Francesco La Camera, Director-General of IRENA

Business | 06/07/2020 | By Moulin

Association of Power Producers Pursue Extention to Install FDG Technology for Emission Control

Coal-fired plants with capacities totaling over 166.5 GW have to comply with the regulation by December 2022, in a phased manner, it added. For 14,000 MW capacity in NCR (national capital region) the deadline was December 2019, which due to various reasons the players have already missed, it said

Conventional energy / Thermal Power Plants | 06/07/2020 | By Moulin

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