Low bidding slows wind, solar capacity addition

Source: The Hindu Business Line, Nov 21, 2017

Mumbai: Capacity addition in wind and solar sectors has come down significantly this year mainly due to the limited progress in bidding activity, says a report.

According to rating agency Icra, due to the limited progress on bidding by the state-owned distribution utilities to award wind energy projects, the sector is facing near-term headwinds.“Capacity addition in the wind sector in the near-term remains adversely impacted due to migration from feed-in tariff to bid-tariff route,” the report said.

“At the same time, bidding activity for awarding solar projects too has slowed down as of October as reflected in awarded project capacity,” it added.Solar project capacity of 3.75 GW has been awarded this year till October as against 7.2 GW 2016.

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Taaleri eyes Fortum’s solar power projects in India

download (1).jpgSource: The Hindu Business Line, Nov 19, 2017

New Delhi: Taaleri Plc has evinced interest in acquiring a stake in Finland’s state-controlled power utility Fortum Oyj’s operational Indian solar power projects, said two people aware of the development.

Fortum is present in electricity, heating and cooling businesses in Nordic and Baltic countries, Russia, Poland and India with €3.6 billion in annual sales. Fortum India’s operation has a solar power project portfolio 215 megawatts (MW).

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India, World Bank ink loan pact worth $98 mn for clean energy projects

Source: Business Standard, Nov 20, 2017

New Delhi: India and the World Bank today signed a $98 million loan pact, and a $2 million grant agreement to help the country increase power generation capacity through cleaner, renewable energy sources.

The Shared Infrastructure for Solar Parks Project will finance Indian Renewable Energy Development Agency Ltd (IREDA), to provide sub-loans to states to invest in various solar parks, the World Bank said in a statement.The solar parks will be mostly under the Ministry of New and Renewable Energys (MNRE) Solar Park Scheme, it said.

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Global fund for de-risking solar projects on the anvil

Source: The Hindu Business Line, Nov 15, 2017

Chennai: A taskforce set up under the aegis of the International Solar Alliance has recommended the setting up of a ‘guarantee fund’ that would function as a sort of insurance against various risks in developing solar power plants.

The taskforce, comprising India’s Council on Energy, Environment and Water (CEEW), the Confederation of Indian Industry (CII), the Currency Exchange Fund (TCX) and the Terrawatt Initiative Alliance, has said in its report that a guarantee fund with a corpus of $1 billion, can make $15 billion worth of solar projects happen. The fund, which the report names as ‘common risk mitigation mechanism’ (CRMM), would create about 20 GW of solar PV capacity in 20 countries.

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India, Egypt for increased cooperation in clean energy

index.jpgSource: Financial Express, Nov 10, 2017

Cairo: India and Egypt have discussed ways to step up cooperation in the renewable energy sector with experts from both the countries sharing ideas to promote clean fuel in the light of its increasing demand worldwide. The Maulana Azad Centre for Indian Culture of the Embassy of India in Cairo yesterday organised a round table ‘Renewable Energy: Lightening the path to future’ where experts from India and Egypt discussed, analysed and shared the Indian and Egyptian experiences in the sector. India’s Ambassador to Egypt Sanjay Bhattacharyya said that the subject of renewable energy is particularly important in the light of increasing demand of clean energy worldwide especially when the traditional sources of energy affects the environment negatively.

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India plans 20GW solar tender, eyes domestic manufacturing boost

Source: LiveMint.com, Nov 10, 2017

New Delhi: India plans to invite bids for setting up 20 gigawatts (GW) of solar power capacity—the world’s largest solar tender—at one go, in an attempt to spur domestic manufacturing of solar power equipment.

The effort will help further lower the country’s solar power tariffs and provide a boost to the National Democratic Alliance (NDA) government’s Make in India plans.

Most solar power developers in India have been sourcing solar modules and equipment from countries such as China, where they are cheaper. This has resulted in domestic manufacturers accounting for only around 10% of the market despite India having an ambitious 175GW clean energy target by 2022, of which 100GW is to come from solar projects.

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Big potential for small hydropower

images (2).jpgSource: Business Standard, Nov 01, 2017

New Delhi: Centre to renew central finance assistance As part of its target of building the capacity for 175 gigawatt of renewable energy by 2022, the Ministry of New and Renewable Energy (MNRE) will give a policy push to small hydropower.

Comprising power projects of less than 50 megawatt (Mw) and mostly run of the river units, the target of small hydro in the overall mix will be increased to 6,000 Mw. It was earlier 5,000 MW.

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