NEW DELHI : In what may impact India’s emerging green economy, rating agency ICRA has downgraded around 1.9 gigawatts (GW) of wind and solar power projects in its rated portfolio and has also revised the rating outlook for some projects. This comes in the backdrop of India’s clean energy sector going Read more…
It is a well-known fact that China’s solar sector is highly subsidized. This was the official reason for US President Donald Trump’s announcement of a 30% tariff on imported solar equipment in January as Chinese solar companies undercut US solar manufacturers. The Narendra Modi government is walking down the same Read more…
Shapoorji Pallonji Group’s solar engineering, procurement and construction (EPC) business, Sterling and Wilson Solar Ltd, on Thursday, announced its initial public offering (IPO) worth ₹3,125 crore. The price band for the three-day IPO, which opens on 6 August, is fixed at ₹775- ₹780 apiece. The IPO, a pure offer for sale, will see Read more…
MUMBAI : Fotowatio Renewable Ventures(FRV), the largest Arabian green energy utility, is likely to seek a new buyer for its Indian solar business following delays in the ongoing negotiations with Rahul Munjal’s Hero Future Energies, said three people aware of the development, requesting anonymity. FRV, owned by Abdul Latif Jameel Energy and Read more…
New Delhi: The solar industry is headed for a legal battle as the ruling that set the goods and services tax (GST) rate for solar power projects at 18% has come as a dampener for the industry already facing import duty on solar panels. Maharashtra’s appellate authority for advance ruling (AAAR) Read more…
A utility-scale solar facility is one which generates solar power and feeds it into the grid, supplying a utility with energy. Layout designing is the major factor for installation of cost-effective solar plant. The general layout of the plant and the distance chosen between rows of mounting structures will be Read more…
1. Introduction Government of India is encouraging adoption of solar energy by every Indian. To promote convenient adoption and use of solar energy, public sector banks & private banks have been given statutory instruction by Ministry of Finance to offer loan at reasonable cost as per Government of India & Read more…
Mumbai: India will not be able to achieve its ambitious target of generating 100GW solar power by 2022, ratings agency Crisil said. In a report, Crisil’s industry research arm said that in the best-case scenario, the country will touch 78-80 GW, against the current capacity of 21.65 GW. Crisil expects Read more…
Investment opportunity Scenario in Indian Solar Industry Renewable energy sources have a combined installed capacity of 81+ GW, pegged at around 22% of the country’s total energy capacity. Solar power accounted with a share of 36% (30 GW). Solar power capacity has increased by more than 11 times in the Read more…
Benchmarks Project Capital Cost as per CERC In order to determine the level of the feed-in tariff, the Central Electricity Regulatory Commission (CERC) has produced a benchmark capital cost of INR 50.12 million/MWp for solar PV power projects commissioned during fiscal years 2016-17. This capital cost is considered to be Read more…