Tamil Nadu, Andhra Pradesh and Telangana account for 71% dues to renewable energy producers

  Three southern states — Tamil Nadu, Andhra Pradesh and Telangana — that have strong renewable energy capacity account for about 71 per cent of outstanding dues from power distribution companies (discoms) to renewable energy producers. The country-wide overdue of conventional generators amounted to ₹1,065 billion in July 2020, whereas ₹103 billion Read more

By firstgreen, ago

UP govt to install 8,000 solar borewells, 35 per cent in Purvanchal districts

The Uttar Pradesh government on Thursday said it plans to install 8,000 solar-powered borewells in coming days and 35 per cent of them would come up in the Purvanchal districts of the state. The districts set to benefit from the initiative include Balrampur, Shravasti, Siddharthnagar and Kushinagar where suitable locations would be identified for installations, it Read more

By firstgreen, ago

Renewable Energy Service Company (RESCO) Model

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

By firstgreen, ago