Renewable energy developers have been opposing ceiling tariffs at auctions for projects ever since they began, but government agencies conducting the auctions, keen to keep tariffs low, have been adamant about imposing them.
India’s economy is the world’s sixth-largest by nominal GDP and the third-largest by Purchasing Power Parity (PPP). It is the world’s fastest growing major economy, as well. India is the third largest energy consumer in the world and is the backbone of the economy.
Export-Import Bank of India (Exim Bank) will finance 27 solar power projects worth $1.4 billion spread across 15 countries, said David Rasquinha, Managing Director, Exim Bank here on Monday.
India will add 11.4 gigawatt (GW) of solar capacity annually for the next few years on the back of strong government push to achieve its targets, S&P Global Platts Analytics said in a report recently.
Wind developers have begun acquiring more expensive private land in Gujarat for central government projects as the state continues to go slow on leasing out land to them.
The state power sector which has been making a steady progress towards improving its finances is likely to be burdened with the costly power from solar plants and the power purchase agreements signed with the independent solar power producers (ISPPs) in the state.
The Centre IS thinking big as far as tapping the solar potential of Jammu and Kashmir’s Ladakh region is concerned. On its agenda is the creation of 23-GW solar capacity in the region, entailing investments of `45,000 crores.
Norwegian state-owned petrochemicals major Equinor is looking to pick a substantial stake in ReNew Power. Goldman Sachs, the lead and first investor in ReNew with a 48.62 per cent stake, and Abu Dhabi Investment Authority (ADIA)
The energy sector’s reactions to the Interim Budget have been a mixed bag, with solar sector players expressing disappointment that nothing concrete was announced for them at a time when the sector is floundering
The Goa government has notified the Solar Energy Policy to promote unconventional electricity generation in the coastal state. The policy, which was notified on Thursday, came into force with immediate effect.