India’s largest green energy company ReNew Power is gearing up for a major internal rejig involving its top global investors which could see Canada’s CPPIB (Canada Pension Plan Investment Board) and Brookfield in the driver’s seat if deal talks fructify, sources with knowledge of the matter told Moneycontrol.
Several wind power projects have missed their completion deadlines. Wind energy companies (developers) blame the delay mainly on non-availability of land.
The Uttarakhand Power Corporation Limited (UPCL) has floated a tender inviting expression of interest (EoI) for the rate contract and empanelment of vendors for grid-connected rooftop solar power projects between 1 kW and 500 kW. The total capacity of the projects to be developed is 10 MW.
Power consumers and consumer organisations have severely criticised the draft Maharashtra Electricity Regulatory Commission (Grid Interactive Rooftop Renewable Energy Generating Systems) Regulations, 2019 saying it would defeat the interest behind producing solar power given the attached taxes under the proposed policy
India’s first solar manufacturing tender with linked power plant has received bids after a delay of close to two years and a dozen extensions. In the latest tender floated by the Centre with several modifications, three companies submitted their bids.
Return to growth: Given the mismatch between tariffs and risks, few new renewable IPPs being created
Chhatrasal in a remarked that ‘The renewables sector in India is near-death. Capacity addition has markedly slowed down in this financial year. Few projects are achieving financial closure, and so, few projects are getting complete.’ (bit.ly/34I1JQr, FE, Nov 15, 2017)
I’m Very Much Into Climate, Says Trump, Slams China & India for Doing ‘Absolutely Nothing’ to Clean Up
US President Donald Trump has said countries like China, India and Russia are doing “absolutely nothing” to clean up their smokestacks and industrial plants and the garbage that they drop in sea floats into Los Angeles.
The government will not remove the wind and solar ‘tariff caps’ or the fixed highest ask price in the wind and solar capacity auctions of the Government of India, Anand Kumar, Secretary, Ministry of New and Renewable Energy, told BusinessLine on Tuesday.
State-owned SECI’s manufacturing-linked solar energy auction for 5GW capacity has evoked good response as Adani Green Energy, Azure and Navyug have submitted bids for a total of 10 GW projects.
Ola Electric has appointed automobile industry veteran and former president of Hyundai India, BVR Subbu, to its board. This comes within months of Arun Sarin, former CEO of Vodafone Group, joining the company as an independent director.