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Power Generation
Centre's decision to extend ISTS waiver welcomed by renewable energy industry
This order applies to solar, wind, and hybrid projects, and includes storage projects as well. Obligated entities can also avail of the waiver to fulfill their renewable energy obligations (RPO).
India may miss renewable energy capacity of 175 GW target by over 50 GW: ICRA
Giving the sector a negative outlook, ICRA's power and renewables head Girishkumar Kadam said that the rating was based on execution delays for projects that have been bid over the past two years, along with concerns about the delays in payment by the state distribution companies.
Safeguard duty on Chinese solar equipment extended for one more year till July 2021
A duty of 14.9% will be levied on such imports for six months from July 30, 2020 to January 28, 2021 while the duty will be slightly lesser at 14.5% in the following six months, an official notification issued on Wednesday said.
Sembcorp Energy commissions wind project, to give clean power to 6 lakh homes
The company becomes the first independent power producer to fully commission the first three wind auctions held by the Solar Energy Corporation of India (SECI) after it completed its projects that have a combined capacity of 800 MW.
Renewable energy certificate sales down 50% to 3.49 lakh in June
Sales of renewable energy certificates dipped 50 per cent to 3.49 lakh units in June compared to 6.98 lakh in the same month a year ago, according to official data. Renewable energy certificate (REC) is a type of market-based instrument.
Round-the-clock power supply: Discoms can now bundle thermal, solar power for 24X7 distribution
Power generators have to ensure at least 85% availability both annually and during peak hours, said the guidelines issued by the ministry of power for procurement of round-the-clock power from grid-connected projects.
NTPC floats tender to acquire 1 GW solar projects, to invest around Rs 5,000 crore
By 2032, the company plans to have a minimum of 32 GW capacity through RE sources constituting nearly 25 per cent of its overall power generation capacity. The RE portfolio of NTPC has ongoing capacity addition projects with around 2,298 MW projects under construction.
Benchmark rates for solar rooftop projects decline 20%
Rates have fallen by 22% for projects between 1 kW and 10 kW, currently averaging at around Rs 42 per watt. For projects having a capacity over 10 kW, the rates have fallen by 20%.
Clean energy capacity: India to have 60% renewable energy by 2030, says power minister
In September last year at the United Nations Climate Action Summit, Prime Minister Narendra Modi had announced increasing the renewable energy target to 450 GW by 2030 from 175 GW by 2022.
Domestic solar manufacturers hail extension of safeguard duty on Chinese equipment
The Directorate General of Trade Remedies recommended the imposition of safeguard duty on Chinese solar imports for one more year at 14.9% for the first six months from July 30 and 14.5% for the following six months. While the local industry wanted the duty to be extended for four years, the directorate said a one-year extension would be adequate.
Pan-India electricity demand to contract by 5-6.0% in FY21 due to local lockdowns: ICRA
In April, ICRA estimated 1% de-growth in power demand in the current financial year. The revised energy demand de-growth estimate assumes demand decline of 3.5 – 4.0% in Q2 and Q3 FY2021 and a marginal recovery of about 1% in Q4 FY2021, given the slower pace of recovery expected in industrial and commercial activity in the country, an official statement said.
India may continue with the safeguard duty on solar cells imported from China, Thailand, Vietnam
India may continue with the safeguard duty on solar cells imported from China, Thailand and Vietnam for one year period effective July 31.
NTPC enters pact with NIIF to explore biz opportunities in areas like renewable energy
The partnership aims to bring together NTPC’s technical expertise and NIIF’s ability to raise capital and bring in global best practices by leveraging its existing relationships with leading players. NTPC targets to have nearly 30 GW of its overall power generation capacity from renewable energy sources by 2032.
Govt plans to impose 20% customs duty on solar power equipment to cut imports: Anurag Thakur
While the government has taken a number of steps to increase capacities in the renewable energy sector in the last few years, it is now time to cut down reliance on imports, especially from China, Thakur said.
Tata Power arm bags order to develop 225 MW hybrid renewable project
The energy will be supplied to Tata Power Mumbai Distribution under a power purchase agreement (PPA), valid for a period of 25 years from the scheduled commercial operation date.
ReNew Power plans to start manufacturing solar cells, eyes China-dominated global market
Renewable energy is increasingly attracting interest of prominent business leaders. Gautam Adani recently announced plans to invest heavily in the sector to become the world’s biggest renewable energy company, while Mukesh Ambani told his shareholders on Wednesday that Reliance Industries will invest in solar, wind, hydrogen and other clean technologies, and make the company carbon-neutral in 15 years.
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