Solar: Policy consistency is imperative
The solar capacity in the country has crossed barely 16 GW in November 2017. That leaves a lot of road to be covered before achieving the envisaged target of 100 GW by 2022.
Honour contracts, for investment sake!
The good news is that solar power tariff has fallen 80 per cent over the last seven years. Then by all rational expectations, it should have been a celebration time for the government, solar power producers, power sector ecosystem and the consumers.
Problem of Plenty
India has become a power surplus nation, albeit with certain caveats. In its wake, it has changed the whole paradigm of generation sources, with solar and wind hogging the spotlight and coal being relegated a bit.
India's first wind power auction to upend traditional business model | BTI
India’s first ever wind power auction has resulted in a record low wind power tariff of Rs 3.46 (US¢ 5.2)/kWh, just marginally higher than the record low levelised tariff of Rs 3.29 (US¢ 4.9)/kWh in the recent Rewa solar auction. Mytrah, Sembcorp, Inox and Ostro are the winning bidders and will be awarded 250 MW each. Successful bidders will sign 25-year PPAs with PTC India, which will sign back-to-back PPAs with discoms.
How the budget can fire power
On 28th February, when Finance Minister Arun Jaitley presents his second budget (after his Interim Budget 2014 in July) the power industry may expect some major policy relief as it will be the first full-fledged budget presented by the FM.
Anti-dumping: Finally, the drama unfolds!!!
Although the anti-dumping brouhaha affected the short-term outlook for growth of installed capacity for solar projects, the new government was able to take decisive action, by taking a pragmatic, 'big picture' decision.
Power 20:20 | Adani Power
APL commercialised its first unit of 330 MW at Mundra, Gujarat, in 2009 and scaled up plans to build India´s largest and one of the world´s top five single location thermal power plants with a capacity of 4,620 MW. The company has also made inroads into power generation in Maharashtra
Tata Power to increase its renewable energy capacity
Tata Power plans to increase its renewable energy capacity by about 71 per cent to cut carbon emissions and reduce risks from fuel prices. It is adding 646.7 MW of renewable energy capacity. The company has entered into PPAs with TPREL for electricity generated from a 25 MW solar plant at Palaswadi and a 32 MW wind project at Ambheri, both located in Maharashtra.