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 »
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 »
Solairedirect has once again done it. After shocking the solar sector in 2011 when it won a solar project at the then lowest tariff of Rs. 7.49/kWh, Solairedirect has quoted the lowest tariff(so far) of Rs. 3.15/kWh in the bid for a 250 MW plan in Kadapa Solar Park in Andhra Pradesh.(The list of solar
Kadapa Solar Park – Solar Tariff Touches a new low of Rs. 3.15/kWh Read More »
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 »
(This blog series is supported by Aspiration Cleantech Ventures) Hi there, Welcome to the first edition of the Sunday RE Brunch. We have started this brunch series to take a step back from the busy weekdays, and take stock of some of the major news of the week, and think a little deeper about the
At RESolve, we love Solar(and Wind, and anything related to sustainable energy); we love statistics and analysis(just like a lot of cricket fans do); and we love writing. The result? The birth of the RESolve blog way back in July 2012. It was an exciting journey, and we were fortunate to write a lot about some
Launch of RESolve Weekly Blog – The Sunday RE Brunch Read More »
Like most people in the renewables sector, I also followed the Union Budget presented by Mr. Jaitley, hoping that the Finance Minister(FM) will provide the answer to a nagging question – “How will the revised target of 100 GW for solar, 60 GW for wind and 15 GW for other renewables be achieved?” Coming just a few
According to the latest numbers released by the Ministry of New and Renewable Energy(MNRE), the total grid-connected renewable energy capacity stood at 33,792 MW(as of 31 December 2014), out of which 9.1% was contributed by solar. The installed capacity of wind and solar were 22,465 MW and 3,063 MW respectively. During the calender year 2014,
India – Grid connected Solar capacity crosses 3 GW ; 886 MW added in 2014 Read More »
3 developers – SunEdison, Azure and Welspun together bag more than 75% of the total 500 MW that was put up for bidding by Karnataka Renewable Energy Development Ltd(KREDL). While 30 developers had placed a total of 68 bids, only 8 bidders won. Interestingly, 13 bids were sub – Rs. 7/kWh mark, and only 3 bids were
Karnataka Solar – KREDL releases list of bidders; 8 Developers Pocket 500 MWs Read More »
The Ministry of New and Renewable Energy(MNRE) has released the renewable energy installation capacity as of 31.03.2014, the end of the financial year(FY) 2013-14. Some of the highlights are a. 3.639 GW of grid-connected renewable energy capacity was added in the FY 2013-14. The cumulative RE capacity stood at 31,707 MW at the end of
India’s renewable energy capacity increases drastically in Q4 of 2013-14 : MNRE Read More »
