Boost to India’s renewables plan: China steps-up investment in solar energy

index.jpgSource: Business Standard, May 18, 2017

New Delhi: India is treading a strong renewable energy path post-Paris Agreement as it witnesses a step-up in Chinese investments in solar energy. Additionally, there’s a significant slowdown in Chinese investments in thermal power plants.

This fact of slowdown came to light in a just-released report of the Global Environmental Institute (GEI) which says China’s overseas investment, including in India, into 240 coal power plants along the Belt and Road Initiative has slowed down in 2016 after the Paris Agreement on Climate Change.

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Northern India can be a hub of renewable energy, says study

Source: Livemint  11 May 2017

 New Delhi: Northern India, with the potential of about 363 GW of power, can emerge as the hub for renewable energy in the country, said a study released on Friday.

The report titled ‘State Renewable Energy Policies: A Comparative Study’ was released by industry lobby Confederation of Indian Industry (CII).

It highlighted that southern and western regions of the country are fast moving up the renewable energy installed capacity graph. The study also stressed that the ecosystem of renewable energy in India is still fraught with constraints, particularly with respect to state policies.

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India poised to overtake Japan as No.3 solar PV market in 2017

download (1).jpgSource : The Hindu Business Line 9  May 2017

CHENNAI, MAY 8:  With 8.8 GW of projected capacity addition (growth of 76 per cent over 2016) in 2017, India is set to become the third largest solar PV market, overtaking Japan, according to a report by solar energy consulting firm Bridge to India.

By the end of 2017, India’s solar power capacity is expected to touch 18.7 GW, which will be about five per cent of global solar capacity, growing by 89 per cent over last year.

As of March 2017, India had installed 12.2 GW of utility scale solar capacity.

“Indian solar market has grown by an average 72 per cent in the last three years and is now worth about 8-9 GW per annum,” said Vinay Rustagi, Managing Director, Bridge to India.

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Capacity additions in renewable energy on par with thermal power in 2016-17

Source : Business Standard

CHENNAI, MAY 4:  For the first time in the country, capacity additions in the renewable energy sector were close to those of the thermal power segment in 2016-17.

The renewable energy sector has ended 2016-17 with a record capacity addition of 11,320 MW, though it fell short of its target (16,660 MW) for the year.

Capacity additions in thermal power segment stood at 11,551 MW during the fiscal.

The fiscal 2016-17 witnessed many milestones in the clean energy segment – total installed capacity of the sector crossed 50 GW and wind and solar sectors’ cumulative capacities crossed 30 GW and 10 GW, respectively.

As in the last year, wind and solar were the major contributors in 2016-17. Wind power sector added 5,502 MW against the targeted capacity of 4,000 MW, solar industry brought in 5,526 MW of new capacity to the grid against the target of 12,000 MW, according to the Union Ministry of New and Renewable Energy

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Solar tariff wars heat up in India

Source: LiveMint.com, Apr 28, 2017

New Delhi: At a time when addition of coal-fuelled power generation capacity has come to a standstill globally, India is seeing a race to the bottom in solar power prices.

The latest was the record low tariff of Rs3.15 per kilowatt hour (kWh), quoted by France’s Solairedirect SA on 12 April to win the rights to set up 250 megawatt (MW) of solar plants at Kadapa in Andhra Pradesh and sell power to state-run NTPC Ltd. The tariff is expected to fall below Rs3 a unit during auctions for the Bhadla solar parks in Rajasthan.

The previous low was Rs3.30 per unit for a 750MW project at Rewa in Madhya Pradesh. These bids translate to below 5 cents per kWh and rank India at the sixth position globally in terms of the lowest tariff bid awarded. The world’s lowest solar tariff is in Chile (2.91 cents), followed by Dubai (2.99 cents) and Mexico (3.30 cents). The US (3.40 cents) and Saudi Arabia (4.80 cents) rank at the fourth and fifth places, respectively.

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Govt to auction wind projects of 4 GW capacity in FY18

download.jpgSource: The Economic Times, Apr 22, 2017

NEW DELHI: The government plans to auction wind power projects of about 4 gigawatt (GW) capacity in tranches this year, a senior official said on Friday.

“The first batch of such auction is being planned next month,” said Ashvini Kumar, managing director, Solar Energy Corporation of India.

The SECI is the nodal agency for holding the auctions this fiscal, part of government’s plan to set up wind power capacity of 60 GW by 2022.

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Modi govt plans to auction 4 gigawatts of wind energy in FY 2017-18

Source: LiveMint.com, Apr 21, 2017

New Delhi: Prime Minister Narendra Modi’s government is seeking to step up the pace of auctioning power-purchase contracts for wind-energy plants, building on a contest that reaped record-low prices for solar farms earlier this month.

The government plans to offer deals covering almost 4 gigawatts of wind capacity in the current fiscal year ending March 2018 in addition to 750 megawatts of solar capacity it will tender next month, Ashvini Kumar, managing director at Solar Energy Corp. of India, the country’s implementing agency for renewable targets, told reporters in New Delhi. Read the rest of this entry »