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 […]

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 giant oil and gas majors such as Chevron, BP, Shell, etc. are starting to tilt towards renewable energy and other green businesses as the movement against fossil fuels gains pace due to increasing concerns about climate change and pollution of air. They are making large investments though tiny by their balance sheet sizes into […]

Many countries such as Brazil, Germany, etc. have combined renewable energy auctions of both wind and solar energy to get the cheapest prices for green power generation instead of going for separate auctions for solar and wind energy. This gives them greater optionality and variety in terms of load generation and prices. However, solar energy’s sharp technological improvement […]

The first quarter of 2019 has been very bad for the renewable energy industry in India with both wind and solar capacity addition falling off a cliff. The first quarter was when the COVID impact had not really hit the sector hard, though there was some impact due to the supply chain issues with Chinese […]