The Indian wind energy industry was finally seeing some rays of hope with the government reinstating the wind power subsidies in the form of Generation Based Incentive (GBI), which had been removed for more than a year. With India’s REC market in a coma and transmission problems, the installations had come down. But the recent […]
Wind Energy in India has faced problems in the recent past and growth has gone down as the federal government has reduced two main subsidies. The removal of accelerated depreciation and GBI was done to nudge wind power producers to look for market based alternatives for their wind farms. The Renewable Purchase Obligation (RPO) has […]
India’s wind energy developers are having a tough time with the central government removing their favorite accelerated depreciation and GBI incentives. The largest wind energy state TN is also creating new problems in the form of late payments and inadequate transmission capacity. There is also a new CERC order which lays stringent reporting requirements for […]
New issues faced by the Indian Wind Capital – Tamil Nadu Lack of transmission and grid issues have always plagued renewable energy around the world. Green Energy is at an inherent disadvantage because of its intermittent nature of generation. Utilities do not like to buy green energy from others, as it reduces their revenues plus […]
Goldman Sachs invests in ReNew Power, India Investment giant Goldman Sachs is sharply increasing its investment in renewable energy projects around the world. The company invested in building a large solar farm in Japan which is going through a massive boom. The huge subsidies being given by the government there have led to gambling operators opening […]
Tamil Nadu’s new Subsidy for Rooftop Installations The Indian State of Tamil Nadu had set a target of 350 MW of solar rooftop installation by 2015. To support this initiative, the state recently announced Rs. 20,000 subsidy per kilowatt, subject to a maximum of 10,oo0 rooftop installations. This subsidy is over and above the subsidy […]