Low prices for solar projects have been a phenomenon that we have seen over the past 2-3 years with ever new record lows being bid for solar auctions across the world. After some records, it has lost the surprise factor. However, a recent bid of 1.7 cents/kWh seen in Dubai has again surprised industry watchers […]
India’s power distribution sector is always facing a challenge of high debt and heavy losses due to vested political interests that always keep the power prices below that of the actual cost incurred by the utilities most of which are state-owned. Over the last 15 years, there have been a number of reforms that have […]
A lot of drama has been happening around the AP government recently. The new government at the state has turned the whole picture of the renewable energy industry in India upside down. The new Jagan Reddy government coming into power had challenged that the prices of clean energy projects approved by the outgoing AP government were […]
ReNew Power, one of the largest green energy firms in India has decided to put up its 300 MW of solar assets for sale. This announcement comes amidst a financial crunch that the renewable energy industry in India is currently facing. India has set up an ambitious renewable energy installation target to meet its growing power […]
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 […]