Becoming the first Union Territory to offer its power distribution company for complete privatization, Chandigarh has issued a tender inviting bids for the same. Privatization of discoms was part of Centre’s Aatmnirbhar Bharat plan announced in May for economic revival. The Electricity wing of engineering department of Union Territory of Read more
Net metering is the mechanism that allows distribution companies monitor the user’s energy production and consumption. This mechanism also allows consumers who generate some or all of their own electricity to use that electricity anytime, instead of when it is generated. For an instance, consider a prosumer is generating and 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
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
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
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
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
At the end of 2019, global PV installations reached 627 GWDC, an annual increase of 115 GWDC from 2018. – In 2019, the leading markets in terms of annual deployment were China (30 GWDC), the United States (13 GWDC), and India (10 GWDC). • Before the spread of COVID-19, analysts Read more