EDP-Energias de Portugal is optimistic about renewable power investments in the United States, despite President Donald Trump’s push to support coal and nuclear power plants and a tariff his administration slapped on imported solar panels, its chief executive said in an interview.
A new research by US-based Institute for Energy Economics and Financial Analysis (IEEFA) shows Tamil Nadu in ninth place in the world in terms of its share in wind and solar generation.
The renegotiation of tariffs under renewable power purchase agreements (PPAs) by quoting high tariffs is not an apparent option available with state discoms.
The global economy is recovering at a snail’s pace. However, there are structural changes underway. Electricity is fast emerging as the primary choice of fuel in automobiles, instead of petrol and diesel. On the supply side, renewables are replacing conventional thermal-based energy sources.
Industry body Assocham has urged the Centre to fix Goods and Services Tax (GST)rate for hydropower at par with wind and solar so that value added cost and tax commensurate for all renewable power projects.
Despite the steady growth in coal-based electricity generation, the fortunes of the producers haven’t seen a noticeable improvement.
In the Americas, in the US, the deadline to obtain solar power tax credit was August 31, 2017 for Louisiana taxpayers. Orlando City Commission consented to 100% from renewables by 2050.
If solar energy is a big leap for renewable power, Tiger Power has taken the plunge and is ready to raise the energy bar with innovative solar power generation and storage solutions, that can be set up in remote locations and reduce carbon emissions.
Hyderabad-based renewable power producer Greenko Group has raised INR 30 billion (USD 463m/EUR 397m) from issuing Indian rupee-denominated bonds.
For major trading houses that ship millions of barrels of oil every day, the prospect of diminishing fuel demand and a shift to renewable power poses a brain-racking challenge with few obvious solutions.
