Leading Indian renewable energy developers are facing a liquidity crunch due to the COVID 19-induced nationwide lockdown and increased competition from emerging players. The country’s debt-ridden discoms are unable to pay off their dues to the generating companies. This has resulted in sharp increase in the sale of operational assets from various large renewable energy generators in the past few months.
Three units of 250 megawatts solar power were awarded at a levellised tariff of 4.9¢/kWh in India.
Going along with the massive collapse in solar PV tariff bids seen in the recent months, the Indian government has reduced the fixed tariff on offer for a 2 GW tender. The Ministry of New and Renewable Energy has announced that the fixed tariff of Rs 5.43 per kWh (US¢8.35 … [continued]
In spite of having secured the rights to develop a 500 MW solar power project at the lowest-ever tariff in India, global renewable energy project developer SunEdison is confident of healthy returns from the project. SunEdison successfully bid for the entire 500 MW solar power tender issued by NTPC Limited. … [continued]
Originally published on Solar Love US-based renewable energy project developer SunEdison has set a new Indian record for lowest tariff bid for solar photovoltaic power plant. The lowest bid for solar PV project in India now belongs to SunEdison. The company participated in a 500 MW auction under the revamped … [continued]
