In April 2022, Linde India, a leading industrial gases and engineering company, announced an investment of Rs. 114 million in Avaada MHYavat, a subsidiary of Avaada Energy, one of India’s leading renewable energy companies. This investment is aimed at supporting Avaada MHYavat’s growth and sustainability initiatives in the renewable energy Read more…
New Delhi: Prime Minister Narendra Modi on Saturday asked the state governments to clear power sector companies’ dues which are estimated at around Rs. lakh crore. The prime minister regretted that the state governments are yet clear subsidy commitments amounting to Rs.75,000 crores to power companies.
Solar + Energy Storage for C&I consumers <p>As solar power is cheaper than grid electricity, it will reduce your monthly electricity bills. however commercial and Industrial consumers also want energy storage feature so that then can get not only the cheaper solar power, but also the power back up through Read more…
NHPC Ltd has actually provided a tender for awarding the Engineering, Procurement and also Construction (EPC) contract for the growth of a 100 MW ISTS-connected ground-mounted solar PV project at the Ultra Mega Renewable Energy Power Park (UMREPP) in Koppal District of Karnataka. The extent of work for the selected Read more…
Image Source: Sterling and Wilson. Sterling and Wilson Solar, one of the world’s largest solar EPC solution providers, announced today that it has won a second order worth US$ 121.7 million (INR 890 crore) from an existing client in the Pacific Northwest region of the USA. The company’s US arm Sterling Read more…
To help commericialise solar, it is important to underst the financial benefits of installing solar. These can be determined with the following set of financial analysis parameters: Simple Payback Period This is known as the length of time it takes for the upfront solar investment to pay for itself through 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…
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…
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…