Moody’s Warns About Retroactive Cuts in India
Moody’s Credit Ratings Agency ICRA Warns About Adverse Impact Of DISCOMs Forcing Renewable Energy Developers To Renegotiate PPAs
Reiterating the view shared by several industry experts, Moody’s Investors Service Company ICRA warns that PPA cancellations and renegotiations may adversely affect the growth in India’s renewable energy sector.
India Anti-Dumping Duty On Chinese Solar Glass
India Slaps Anti-Dumping Duty On Chinese Tempered Glass Used In Solar Panels Within Range Of $64.04 To $136.21 Per Ton
The Indian Ministry of Finance headed by Arun Jaitley (accepted DGAD’s recommendations to impose tariffs in the anti-dumping case against tempered solar glass originating from China.
Karnataka Withdraws 200 MW Tender
Renewable Energy Development Agency Of Karnataka Cancels EPC Tender For Pavagada Ultra Mega Solar Park Owing To ‘Unavoidable Circumstances’
A 200 MW grid connected solar PV tender in Karnataka has been withdrawn. Karnataka Renewable Energy Development Limited (KREDL) had launched the tender in July 2017 (see Karnataka Invites Bids For 200 MW).
Low PV Tariffs Cause Uncertainty In India
Falling Solar PV Project Tariffs Cause Disruption In The Indian Power Sector, But Do Not Cushion Developers Against Financial Challenges, Warns Rating Agency Ind-Ra
Indian solar power project tariffs have been on a steep downhill trip for quite some time, but PPA levels that have gone as low as 2.44 INR should give little reason to project developers to be happy about.
Indian Banks Against Retroactive Tariff Cuts
Indian Banks’ Association Approaches Ministry Of Power To Stop States From Forcing Clean Energy Power Producers To Renegotiate Electricity Supply Tariffs
The Indian Banks’ Association (IBA) has voiced what renewable energy project developers have been trying to communicate to the Indian government - retroactive solar tariff reductions by power distribution companies not only harm solar developers but might damage the reputation of the entire sector.
TANGEDCO Wants Retroactive Solar Tariff Cuts
Tamil Nadu’s State Distribution Company TANGEDCO Reportedly Wants Solar Power Tender Winners To Accept Solar Tariff Reductions By 21% Retroactively
Solar power project developers continue to be pressured by electricity distribution companies (DISCOMs) in India to renegotiate previously agreed solar power tariffs.
Delhi Metro’s Solar Plans Hit Roadblock
Ministry Of Power Says Only Distribution Companies Eligible for ISTS Waiver; DMRC & Madhya Pradesh Government Ask MNRE To Intervene
The Delhi Metro Rail Corporation (DMRC) may have to pay extra to procure solar power from the 750 MW Rewa Solar Power Project located in the state of Madhya Pradesh.
India’s 4.8 GW H1 Installations Top 2016 Additions
Cumulative Solar Power Capacity Of India Now Close To 14 GW With 7 States Crossing 1 GW Level By End of June
Andhra Pradesh leads the rest of Indian states in terms of solar power as the only state having installed over 2 GW end of H1/2017, followed by Rajasthan with 1.9 GW, Telangana with 1.87 MW, Karnataka with 1.28 MW, Gujarat with 1.17 MW and Madhya Pradesh with 1.16 MW.
Sri Lanka Inviting Bids For 20 MW
Sri Lanka’s Ceylon Electricity Board Issues Tender to Buy Clean Power From Two PV Projects Of 10 MW Each
Sri Lanka’s Ceylon Electricity Board (CEB) is looking for developers to build, own and operate two solar power projects. Each of the two projects, Vavunathivu Solar PV Power Project and Polonnaruwa Solar PV Power Project, will have 10 MW capacity.
“India Must Install 10 GW In FY 2017-18”
ASSOCHAM Argues In Report That India Needs To Overcome Many Hurdles And Install Over 15 GW Every Year Post FY 2018 To Achieve 100 GW Target
If India wants to achieve its 100 GW solar power target by 2022, it needs to install 10 GW in FY 2017-18. Thereafter, additions should be more than 15 GW annually every year.
Govt Panel Finds Rooftop Target ‘Unrealistic’
Parliamentary Panel Report Asks Indian Government To Reconsider Rooftop PV Target Of 40 GW By 2022
An Indian Parliamentary Panel has confirmed what some industry analysts and market experts have been maintaining for quite a while. It has termed Indian government’s rooftop solar target of 40 GW by 2022 as ‘unrealistic’.
Andhra Pradesh Discom Refuses To Sign 250 MW PPA
India’s NTPC Scouting For Another Offtaker As State Power Distribution Company Backtracks On Buying Solar Power At ‘Expensive’ Rates
Andhra Pradesh State Power Distribution Company (APSPDCL) has reportedly refused to sign a power purchase agreement (PPA) with the National Thermal Power Corporation (NTPC) in India for a 250 MW PV project.
Karnataka Invites Bids For 200 MW
State Renewable Energy Development Agency of Indian State Karnataka Scouting For EPC Contractors For 200 MW At Pavagada Ultra Mega Solar Park
Karnataka Renewable Energy Development Limited (KREDL) is looking for an EPC contractor to set up 200 MW of solar PV capacity at Pavagada Ultra Mega Solar Park.
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