While the entire Indian solar industry went industry went into a tizzy regarding the Rs. 3.29/kWh Rewa bid, it is not the lowest bid in the world. That record goes to a September 2016 auction in United Arab Emirates, which was 50% lower than the Rewa bid. The reasons are mentioned in this source. While the […]
The Government of India has increased the installation targets for Solar Parks from the present 20 GW to 40 GW by 2020.(Two years ahead of the 100 GW target of 2022). Is the outstanding success(from MNRE perspective) of the Rewa bids,where bid prices dropped to Rs.2.97/kWh for the first year(more here), a trigger for this
Are Solar Parks the hedge vis-a-vis Solar Rooftop PV? Read More »
The Tamil Nadu Generation and Distribution Corporation (Tangedco) had floated a tender for procurement of 500 MW of solar power and it had received bids for a total of 300 MW from 22 developers(earlier post here). The price bids were opened yesterday, and The Hindu newspaper(read here) has reported that the lowest bid is Rs. 4.40/kWh
It all started at Rs. 17.91/kWh. This was the tariff of solar PV set by the Central Electricity Regulatory Commission(CERC) for the year 2010-11, and the PPA tariff for the 78 projects(98 MW) selected under the Rooftop and other Small Solar Power Plants(RPSSGP) scheme. This was one of the very rare schemes where there was no
Tamil Nadu, the number one state in solar installations in India at the end of 2016(see here), has received bids for setting up 300 MW of solar power. According to The Hindu, 22 developers have submitted bids to TANGEDCO. The benchmark tariff is Rs. 4.50/kWh. The tender was floated for 500 MW, but once again
By now, it is very likely that you have read about the “historic” lowest tariff ever quoted for solar power in India. In case you missed it, 3 firms have won 250 MW of projects each in Rewa Solar Park in Madhya Pradesh, with the lowest first year tariff being Rs. 2.97/kWh, and a levelized
Tesla Comes to India, Solar Tariff hits Rs.2.97 and more – The Sunday RE Brunch 4 Read More »
Once upon a time, December 2011 to be precise, news headlines screamed ” historic day for solar – tariff breaks new barriers”. 5 years later, a lot of things have changed, but news headlines still scream “historic day for solar – tariff breaks new barriers”. The only difference is the tariff itself. In December 2011,
Last week saw saturation coverage of Budget 2017 and its impact on renewable energy. While some headlines screamed “Budget 2017 gives big boost to renewable energy“, there were also several others who rued a wasted opportunity and an unfulfilled wishlist. On the positive side, especially on the manufacturing side, duties have been reduced or exempted for
Adani Group is the Number One solar cell and module manufacturing company in India as of 31 December 2016, and it is also the only Indian company to have more than 1 GW of cell and module manufacturing capacity as per MNRE. There is however a catch. According to MNRE, the cell and manufacturing capacity
India’s Module and Cell Manufacturing capacity at about 8 GW and 3 GW – MNRE Read More »
Lending rates in India have been among the highest in the world. The high cost of capital has been a major challenge for solar project developers for a long time, but it has been gradually inching down. According to Mercom Capital, the average interest rates for solar projects fell below 11% during the last quarter
The Sunday RE Brunch 2 : 29 January 2017 (Budget 2017, lending rates, EVs and more) Read More »
