A Ray of Hope, Amid the Gloom
Amidst the chaos seen in the power sector, with 22,000 MW thermal power projects lying idle for the need of coal or gas and lenders taking power generating assets to National Company Law Tribunal (NCLT) to recover dues, the transmission sector- with longer life cycle and lower risks- has exhibited the only ray of hope for investors and developers alike.
There is a huge opportunity in wind-solar hybrid projects
Last year was challenging as the wind industry witnessed slowdown due to the transition from feed-in tariff (FiT) to competitive bidding. This impacted margins and created temporary uncertainty in terms of volumes.
The wind power sector is going through a transformation with the entry of competitive bidding process. Though it could keep up the pace as of now, analysts say, it will slow down going ahead.
Rajasthan to export 4,000 MW clean energy by early 2019
Rajasthan will start exporting 4,000-MW renewable energy (solar and wind) to other states within one year once an integrated power evacuation system is completed, a senior official said. Presently, a transmission line for 765-KV Bhadla-Bikaner grid sub-station (GSS) is being set in the state, which will be linked to the Green Corridor that connects Moga in Punjab to Banaskanta in Gujarat.
Power-packed M&A thrust
It can be a pure 'make-in-India' story in the making. Ever since the US has decided to pull out of the historic 'Paris Accord on Climate Change,' the weather for the renewable sector in the country is turning out to be exciting.