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Renewable energy business recovers but capacity auctions face challenges


Renewable energy business recovers but capacity auctions face challenges
According to CEEW-CEF, RE capacity additions increased by 59 per cent to 1.9 GW during the quarter compared to Q1  of FY21.
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By Express News Service
NEW DELHI: Renewable energy capacity additions have clawed their way back to well above their pre-Covid levels in the October-December 2020 quarter, according to a report from the CEEW-Centre for Energy Finance (CEEW-CEF).
However, while the restoration of supply chains has aided the recovery, capacity auctioned during the period took a hit due to challenges faced by the Solar Energy Corporation of India (SECI) in finding buyers for previously tendered capacity.  ....

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Board of Coal India approves venturing into aluminium and solar power value chain


At meeting held on 24 December 2020The Board of Coal India at its meeting held on 24 December 2020 has accorded its In-principle approval to venture value into aluminium value chain (Mining-Refining-smelting) and solar power value chain (Ingot-wafer-cell-Module and Generation).
It also approved to create SPVs subject to obtaining concurrence from Niti Aayog, DIPAM and after feasibility studies and business analysis are completed and financial viability is established for the following-
a. Solar Power Value Chain (Ingot-Wafer-Cell-Module) business vertical at CIL
b. New & Renewable Energy (Non-conventional) Business vertical at CIL
c. Integrated Aluminium complex: A Greenfield project by central coalfields, a subsidiary of Coal India. ....

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