A large recent auction of solar projects by the state-owned company SECI resulted in an all-time ever low tariffs of INR 2.36 which is around USD 3 cents per kWh. The 2000 MW tender saw good participation by both local as well as foreign companies. The lowest bid was made by Spain’s Solarpack with other […]

The Indian EV industry which was growing sharply given the strong government support is now getting negatively affected due to the COVID crisis. The EV industry is still in a very nascent stage in India and the issues facing the overall automobile industry are seeing a multiplier effect on the EV segment. Many companies are […]

While India has become one of the largest markets in the world in terms of solar and wind energy installations, the manufacturing industry has not really kept up. The Chinese manufacturers through their state-driven capitalism have managed to bankrupt most Indian solar companies like others around the world. Through massive subsidies and state support, the […]

Renewable energy costs are set to decline further as interest rates have become negative in large parts of the globe. With the COVID-19 crisis leading to a GDP decline in most countries, central banks globally have been rapidly cutting rates to fight the crisis. The USA has cut rates to zero while central banks in […]

United Kingdom has had a silver lining due to the COVID crisis which has led to hundreds of thousands of cases in the country. The lockdown that was imposed resulted in a sharp fall in the demand for power which is similar to what has been seen in other countries as well.  Also like other […]

The Indian federal government has recently brought out a package of nearly $12 billion to rescue the different state-owned distribution power utilities which were facing multiple problems due to the COVID-19 crisis. They were facing the problem of declining demand on one hand and the problems of collections of utility bills on the other, as […]