Despite numerous efforts by the government, the Indian solar manufacturing industry has not really seen any major investments in the last couple of years. The SECI tender which links setting up of manufacturing capacities along with the carrot of solar power projects has seen deferrals of more than six times over the last one and […]

While the Indian government has been tom tomming about the rapid progress on the renewable energy front in recent years, the industry is lurching from one problem to the other in the last few months. Some of them are related to the broader slowdown in the economy and the non-availability of credit for renewable energy developers from […]

India is facing an increasing demand for power thanks to its rising population and consumerism. As such, the government is trying very hard to make the country energy independent. It has set an ambitious renewable energy installation target that will not only reduce the country’s dependence upon grid power but also help to conserve the […]

Renewable energy projects are very capital-intensive and require a large number of funds.  However, ultra-low price points and rising levels of NPAs have made banks reluctant to lend to the Indian clean energy power sector. The Prime Minister of India has also stepped in to help the clean energy sector in India realize its full […]

Suzlon Bankruptcy Suzlon Energy, India’s green poster child has finally fallen into a debt death spiral. The wind turbine giant is heavily debt-laden and is unable to honor its commitments. The company always had huge debt commitments Suzlon which is India’s largest pure-play green company and one of the largest wind turbine manufacturers globally has faced challenges in […]

India has come a long way in its renewable energy commitment, so much so that the Indian Prime Minister inaugurated the Gandhi Solar Park at the UN headquarters recently. The Park is made to mark the “Gandhinian” principles and celebrating his 150th birth anniversary. The inauguration by PM Modi also signifies India’s leadership in renewable energy globally. […]