Solar financing normally comprises of two parts: an equity investment and project financing to cover the debt portion. Prior to any kind of investment, project evaluations identify the risks and methods of mitigating any risks. Where the project has inherent risks, the exposure to these riskswill be negotiated between the Read more…
As discussed in the previous article, investors typically need to evaluate the legalities, consent and technical aspects of a project before agreeing to invest. The due diligence conducted at the equity stage is mostly based on previously available technical information. Whereas, as for the case of project finance, due diligence Read more…
Open access allows large users of energy, mainly those who consume over 1 megawatt of power, to buy power from the open market instead of depending on a more expensive grid.Haryana electricity distribution companies (discoms) are yet to allow solar power developers to use their power transmission and distribution networks Read more…
Lenders are averse to financing the cost of tariff barriers imposed by India to check cheap Chinese imports of solar equipment. Banks and financial institutions are not providing loans for payment of safeguard duty on solar cells, modules, inverters etc importd from China. The Central Electricity Regulatory Commission (CERC) since Read more…
The State electricity distribution companies (discoms) are reluctant to execute contracts after large clean energy power projects have been awarded the job of putting up major solar and wind power projects to achieve the countries target of 100 GW power from solar projects and 60GW power from wind projects by Read more…
Over the past couple of years, battery technology has improved significantly with many new lithium battery types emerging as manufacturers explore different ways to add or couple batteries to new or existing solar systems. The original Tesla Powerwall was the first ‘high voltage’ DC battery system. Ever since its introduction, Read more…
Overcurrent Protection Device (OCPD’s) is critical to personal safety and protection from a number of hazardous conditions that can result from materials igniting due to improper overload protection or short-circuit protection. Overcurrent protection devices are meant to protect against the potentially dangerous effects of overcurrents, such as an overload current Read more…
The impact of COVID-19 Has been significant in terms of demand loss and consecutive loss of revenue. The typical electricity demand loss due to COVID-19 has been estimated about 20% and the revenue loss has been estimated as 7.2% bye Recent report of Niti Aayog. The loss of demand is Read more…
PV module: Turns light into electricity. A group of solar cells in a sealed unit. Grid-tied inverter: An inverter that reads the voltage of the grid and produces as much power and current as it can, regardless of loads. For example, a 5kW inverter can only put out 5kW. Grid-tied Read more…