Future Bright For Domestic Solar Manufacturers In India
CRISIL Forecasts Profitability With Strong Domestic & Export Demand & Impending ALMM Implementation
Wednesday, 31 Jan 2024
With the Indian Ministry of New and Renewable Energy (MNRE) bringing the Approved List of Models and Manufacturers (ALMM) into force from April 1, 2024, and the strong demand for domestic solar modules, Indian manufacturers can look forward to profitable times ahead.
Falling Solar Module Prices To Boost Indian Installations
CRISIL Pegs 16 GW New PV Capacity Addition In Fiscal Year 2023 As Investment Returns Improve
Wednesday, 22 Nov 2023
Indian credit ratings agency CRISIL Ratings believes India is likely to see 16 GW of new solar PV capacity addition in fiscal year 2023, its fastest annual to date.
India Solar PV News Snippets
MNRE To Admit Solar Modules With 19% Or Above Efficiency For ALMM & More From SJVN, Serentica, IREDA, CRISIL
Thursday, 21 Sep 2023
MNRE updates ALMM list and fixes minimum module efficiency limit; SJVN secures PFC finance for over 12 GW RE capacity; Serentica Renewables raises INR 26 billion from PFC; IREDA & BoM sign green financing MoU; CRISIL to acquire Bridge to India.
High Prices To Impact 5 GW Solar In India
CRISIL Estimates Lower RoE For 5 GW India Solar Capacity Due To Soaring Prices
Thursday, 26 May 2022
S&P Global’s Indian credit ratings agency CRISIL counts soaring prices of solar modules, related components as steel and freight costs to negatively impact 5 GW capacity in India that were bid out at less than INR 2.35 ($0.030) per kWh between October 2020 and December 2021.
Coronavirus Could Derail 3 GW Solar PV Capacity In India
CRISIL: 3 GW Solar Power Project Capacity Worth INR 160 Billion Could Face Completion Delay In India Due To Deadly Coronavirus Impact On Delivery Schedule
Tuesday, 18 Feb 2020
With the coronavirus taking its toll on human lives mostly in China, its impact is being felt also by the Indian solar industry. CRISIL estimates 3 GW solar power plant capacity is at risk of not meeting their commissioning deadlines.
CRISIL: Resolve Discom Payment Uncertainty For RE Firms
10 Leading RE Companies In India Managing Payment Delays From Discoms With Diversified Operations & Financial Flexibility, Says CRISIL But Warns Prolonged Delay Could Hurt Sector Credit Outlook & Investor Sentiment
Monday, 21 Oct 2019
Payment delays from state discoms is disheartening for investors in renewable energy, according to CRISIL which said India's top 10 renewable energy companies are currently managing this sort of stress well, but recommends these issues to be resolved at the earliest.
MNRE Hits Back; Says India Will Exceed 175 GW RE Goal
Miffed With CRISIL Report Indian Ministry Of New & Renewable Energy Issues Statement; Says Confident Of Exceeding 175 GW Renewable Energy Target By 2022
Sunday, 13 Oct 2019
The Indian Ministry of New and Renewable Energy (MNRE) has reacted sharply to media reports referring to a CRISIL report that claims India is likely to fall short of its 175 GW of renewable energy goal by 2022 and will instead settle at 42% less th.
Andhra Pradesh’s 5.2 GW RE Projects Under Stress
Andhra Pradesh’s Renewables Tariff Renegotiation Plan Could Put 5.2 GW Renewable Energy Capacity In State Under Stress & Expose It To Estimated Debt Of More Than INR 210 Billion, Warns CRISIL
Monday, 29 Jul 2019
Global analytics company CRISIL estimates around 5.2 GW of renewables capacity are ‘under stress’ if the Andhra Pradesh (AP) state government is able to go ahead with its move to review and bring down purchase cost of wind and solar power in the Indian state.
Viability Risk For INR 280Bn Indian PV Projects
CRISIL: Rupee Depreciation Endangers Viability For 5.5 GW Solar Power Capacity In India Risking INR 280 Billion ($3.8 Billion) Investments
Tuesday, 30 Oct 2018
Project developers with financial powers may be able to sustain in the Indian PV market, according to CRISIL, primarily because of their ability to fund projects with lower external debt and their ability to negotiate with vendors, among other factors.
Crisil: India To Reach Only 80 GW PV By 2022
Targeted 100 GW Solar Power Capacity in India By 2022 Not Possible Says CRISIL, Which Expects 78 To 80 GW In Best Case Scenario; Rooftop Solar To Settle Only For 8 GW By 2023
Tuesday, 14 Aug 2018
At the end of March 2018, India had a cumulative PV capacity of 21.6 GW according to the Ministry of New and Renewable Energy.
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