Representative photo: Asia Chang/Unsplash.
Global investors are ready to deploy hundreds of billions of dollars in the Indian decarbonisation story, helping mobilise the $500 billion needed over the next decade if India wants to achieve its 2030 target and install 450 GW of renewable capacity. But experts warn that a ‘penny wise, pound foolish’ approach of some states could derail these efforts for years to come.
Analysts at the Institute for Energy Economics and Financial Analysis (IEEFA) have tracked the investments of a number of energy giants from across the world looking at India to diversify their green portfolio. In a report out this week, they map out the contribution of investors like the Swedish EQT and Singaporean Temasek, which through the newly established O2 Power, bagged contracts for 780-MW in Rajasthan and 200 MW in Gujarat. The list also includes the French giant Total which sealed a deal for 20% of India’s Adani Green earlier this year, Canada Pension Plan
India renewables firms cry foul as state seeks to renege on pact
Gujarat Urja Vikas Nigam had awarded the contracts to firms, including ReNew Power, Tata Power and SJVN for building solar capacity at tariffs of as much as ₹2.81 a kilowatt-hour
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. Updated: 24 Feb 2021, 03:18 PM IST Bloomberg
The Centre has stepped in to mediate a dispute between Gujarat and solar power developers over the province’s plan to backtrack on bids for a 700 megawatt project because of high tariffs and invite fresh ones
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India’s federal government has stepped in to mediate a dispute between the state of Gujarat and solar power developers over the province’s plan to backtrack on bids for a 700 megawatt project because of high tariffs and invite fresh ones.
Striking a fine energy balance
Updated:
Updated:
February 16, 2021 12:12 IST
While coal-based energy continues to be the primary source of Tamil Nadu’s electricity requirements, the fragile state of finances of power generation units and the global push towards clean energy sources will eventually force a reckoning of sorts in the energy industry, say experts
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The Tamil Nadu Generation and Distribution Corporation Limited (Tangedco) had a debt of ₹1,13,438 crore as of March 2019 and a net loss of ₹12,623 crore in the financial year 2019.
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B. Velankanni Raj
While coal-based energy continues to be the primary source of Tamil Nadu’s electricity requirements, the fragile state of finances of power generation units and the global push towards clean energy sources will eventually force a reckoning of sorts in the energy industry, say experts
AP 6,500 MW solar power bid closely watched
January 01, 2021
As per the bids filed, the Adani Group has filed for all of the 6500 MW - THE HINDU
As per the bids filed, the Adani Group has filed for all of the 6500 MW - THE HINDU×
24 bids for BOT mode projects, State expects to save ₹48,000 crore in agriculture power subsidy over 30 year period
The outcome of the tenders for the 6,500 MW solar power projects proposed to be set up across 10 parks in Andhra Pradesh is being keenly watched in the backdrop of recent tariffs which had hit a low of ₹1.99 per kWh in Gujarat.
Jaipur: MSMEs catering to the rooftop solar market said by keeping the commercial and industrial units out of the ambit of net metering will lead to the collapse of their businesses and trigger large-scale unemployment.
They said the norms of the ministry of power (MoP) and the draft notification of Rajasthan Electricity Regulatory Commission will stall the rooftop solar programme in the state and country, threatening the survival of many MSMEs in the sector.
“The order of MoP will derail the entire planning of solar components manufacturers in Rajasthan. We were assuming 5,000 MW rooftop solar project in the next three years. The new rules, if implemented, will erase manufacturing opportunities worth Rs 20,000 crore and GST revenue for the government,” Sunil Bansal, MSME Panel chairman of National Solar Energy Federation of India. He said almost 1,000 companies working in Rajasthan in the segment employ a lakh people.