Energising solar module manufacture
India is aiming to get back on the global solar manufacturing map. - BusinessLine×
The recently announced PLI scheme for this sector must be dovetailed with the host of other incentives, especially for MSMEs
As part of its move to incentivise the domestic industry and make the country ‘Atamnirbhar’, the Union Cabinet earlier this month approved the proposal of the Ministry of New and Renewable Energy (MNRE) for a Production Linked Incentive (PLI) scheme called the ‘National Programme on High Efficiency Solar PV (Photo Voltaic) Modules’.
Commerce Minister Piyush Goyal, while announcing the decision, had said that this is for achieving manufacturing capacity of Giga Watt (GW) scale in high efficiency solar PV modules, with an outlay of ₹4,500 crore. Solar capacity addition presently depends largely upon imported solar PV cells and modules as the domestic industry has limited operational capacities of solar PV cells and modules. T
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.