A detailed report published today by Institute of Energy Economics and Financial Analysis finds that Indian solar developers have reduced their return expectations from 14% to 12% and that the solar tariffs have stabilised at about 20-30% less than the cost of existing thermal power in India. The report can be accessed here.
Low Tariff not a deterrent for investments in Indian Solar – Report Read More »
The Ministry of Power had published the Draft Electricity (Amendment) Bill 2020 for comments on April 17, 2020. This post aims to collate the opinions on the topic by experts to understand the implications of the proposed changes. Council on Energy, Environment and Water has a blog series analyzing the various aspects of the proposed amendments.
Draft Electricity Act (Amendment) Bill 2020 – Perspectives Read More »
According to the MNRE, 90% of India’s solar installations is ground mounted(~29 GW), 7% is rooftop Solar(~2.2 GW) and the rest is Off-grid PV(~935 MW). These numbers are as of October 2019. Solar power constitutes 38.2% of the total renewable power installed capacity of 83.83 GW, whereas Wind continued to lead with 44% of capacity(36.9
India’s Solar Capacity crosses 32 GW in October 2019 Read More »
In the bidding that concluded today, 4 developers won and shared 2000 MW of projects between them under the NTPC (Interstate Transmission System (ISTS)-connected solar category) tender. While ACME, Shapoorji Pallonji and Azure quoted the lowest tariff of Rs. 2.69/kWh, while SoftBank quoted Rs. 2.70/kWh. The details are as follows Bidder Bid(MW) Won(MW) Tariff 1
NTPC 2 GW tender – SoftBank and ACME win 600 MW each Read More »
As per the data published by MNRE, Solar installations in the country crossed 20 GW. The total grid connected solar installations stood at 20.6 GW whereas the rooftop capacity crossed the 1 GW mark and stood at 1.063 GW as of 31 March 2018. Almost 10 GW of solar capacity was added during 2017-18, which
Even as the industry is trying to make sense of the Rs. 2.62/kWh(more here) solar tariff, it has dropped further to Rs. 2.44/kWh in the just concluded auction for 500 MW of solar projects in Bhadla Solar Park. According to reports, ACME Solar and SBG Cleantech have won the projects. The details are as follows.
MNRE released the official renewable energy installation numbers, and for the first time since 2012, the annual Solar installed capacity was higher than the Wind installed capacity, despite 2016-17 being a record year for the wind sector. In 2016-17, a total of 5,502 MW of wind capacity was added, which is the highest ever in
Annual Solar Installations overtake Wind Installations for the first time – MNRE Read More »
Following the steep downward revision of REC prices and the removal of vintage multiplier by the Central Electricity Regulatory Commission(CERC) (details of the CERC order here), several REC-generator filed petitions in Supreme Court seeking relief. Based on the petition, Supreme Court has stayed the new price regime and also stayed the trading. According to Business
While Solar energy has been hogging the limelight since the start of the Jawaharlal Nehru National Solar Mission(JNNSM) in 2010, it’s unglamorous cousin National Mission for Enhanced Energy Efficiency(NMEEE), which was also started in 2010, has been marching ahead with some great results. The Bureau of Energy Efficiency(BEE) has announced that during the first PAT(Perform,
Negawatt better than Megawatt? – Energy Efficiency scores big.. Read More »
The race to the bottom continues at a furious pace, thanks to Solar Parks. Within a span of 3 months, Solar tariff quoted by winning bidders has dropped by more than 25%. From Rs. 3.29/kWh(Rewa Solar Park, Madhya Pradesh) in February 2017, the tariff has reduced to Rs. 2.62 in May 2017(Bhadla Solar Park, Rajasthan), touching
Bhadla Solar Park – Solar Tariff hits another low of Rs. 2.62/kWh Read More »
