Germany’s Siemens Energy has recently said it would not take up new projects supporting coal-fired power stations in India, following USA’s General Electric in announcing a no-coal strategy globally. Siemens Energy builds steam turbines for power plants, but that business is not big for it in India. Siemens Energy, which Read more…
Instead of intruding into state matters, the Centre must focus on aspects such as the availability of round-the-clock affordable power supply to consumers without any load-shedding. The Ministry of Power must refrain from overstepping its jurisdiction and interfering in-state electricity matters We are well-versed of the fact that power is Read more…
After the energy ministry’s approval of letting cities to wean themselves off the state utility, South Africa’s biggest cities are preparing to source their own power. This has earlier subjected cities to outages for the past 13 years. More and more sustainable sources such as solar and landfill gas produced Read more…
New rooftop solar installations in India fell to a four year low in the first half of 2020 due to policy changes, financing costs and the impact of covid-19 pandemic slowing India’s transition to a green energy regime. Only 473 MW of new rooftop systems were installed between January and Read more…
While the business are finding the electricity cost as a significant concern in maintaining their products at an optimum price. The commercial establishments can opt for solar installations without zero capital outlay under a Power Purchase Arrangement (PPA) with Firstgreen. Today, Firstgreen has partnered with some of the leading financers Read more…
Number of partnerships were inked on 8 th September 2020 at the First World Technology Summit hosted by the International Solar Alliance (ISA). ISA has been given the nodal agency mandate for implementing India’s global electricity grid plan. It has also entered into a partnership with NTPC which will help Read more…
Solar project developers are striving to get finances from banks and private equity players. Indian banks have very limited financing exposure for solar rooftop projects. So far the banks have over 800 Bn $ exposure and 16% of the assets are stressed assets. Stressed assets are exerting pressure on public Read more…
PPA default occurs when there is a breach of contract between developer and off-taker. The off-taker may default due to a failure to make agreed payments, failure to perform the contracted obligations, provision of incorrect information in the initial PPA agreement, and shutdown of the off-taker’s business. The developer will Read more…
In the capex model, small consumers buy the solar PV systems encouraged by accelerated tax depreciation benefits. However, if the government phases out accelerated tax depreciation in 2017 as expected, consumers may no longer choose to buy solar PV systems. In addition, the high cost of capital, lack of debt Read more…
The RESCO model addresses household or commercial and industrial consumers’ reluctance to purchase solar PV systems due to technical performance risk, high capital costs and lack of access to debt finance by ensuring that they don’t need to pay anything upfront. Instead, the solar developer offering the RESCO requires the Read more…