The fourth national-level solar power auction conducted by the Solar Energy Corporation of India (SECI) has yielded satisfactory results for the government which has been facing tough questions about whether the ambitious renewable energy targets would actually be achieved.
Solar power developers in the southern state of Telangana are awaiting payments worth $300 million for generation since July 2018. As many as 200 project developers are affected, representing a cumulative capacity of 3.6 gigawatts.
Expanding upon the trade policies enacted against other countries, the US administration recently announced the end of preferential trade treatment for India on account of its ‘developing country’ status. As part of this development, Indian solar module exports shall now attract a 25% safeguard duty.
The Indian state of Rajasthan continues to attract solar power developers from across the country with continued high subscription rates against the capacity offered in tenders.
The Indian state of Maharashtra has issued a fresh tender of 1 gigawatt of solar power capacity to fulfill its Renewable Purchase Obligation.
India’s largest power generation company and government-owned NTPC Limited has issued a tender inviting consumers to purchase solar power. This is a first-of-its-kind tender as to date only consumers (or agencies representing consumers) have issued tenders inviting developers to set up projects. NTPC is reported to have around 1.8 gigawatts of renewable energy capacity operational in India.
One of the world’s leading solar EPC has filed the draft red herring prospectus as part of its initial public offering at Indian bourses. Sterling & Wilson Solar Limited is a subsidiary of the Shapoorji Pallonji Group.
DMRC has become the first metro project in India to source power from amwaste-based power plant. The project also sources power from a large-scale solar power project located in the state of Madhya Pradesh
Amidst rising competition and falling tariff bids for solar and wind energy projects, India’s leading renewable energy project developer is looking to foray into the transmission business.
Faced with uncertain funding environment, falling tariff rates, and an unpredictable revenue stream from buyers, Indian developers have backtracked plans to launch initial public offerings.
