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…
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…
In 2019, India awarded a record 19.2 GWAC of PV capacity at a record low weighted-average price of 2.67 rupees/kWh. In 2019, Not all 2019 auctions in India were fully subscribed as some developers did not participate in ones viewed with unfavorable terms. • Many of the awards occur during Read more…
NEW DELHI: With the electricity watchdog paving the way for group net metering and virtual net metering wherein multiple electricity consumers can be beneficiaries to a single solar plant, discoms have been asked to submit their feedback on how to make the process more beneficial for consumers.In a joint committee Read more…