Page 3 - Renewable Energy Sector

Adani Green Energy wins world's biggest solar bid of Rs 45,000 crore

Becomes India's largest clean energy firm; to set up 8-Gw power plant

Adani wins world's largest solar project order; to invest Rs 45,000 cr

The first 2 GW of generation capacity will start by 2022, with the rest installed in 2-GW annual increments through 2025, Adani said

MNRE urges states to set up renewable energy equipment parks to meet demand

The ministry has also got in touch with trade commissioners and representatives of various countries and invited them to invest in this promising sector in India

Rate woes of renewable energy firms may stress NBFC books further: Icra

Infrastructure finance companies might have to brace for additional pressure on asset quality from exposure to renewable energy (RE) projects, which face rate risks. These non-bank finance companies (NBFCs) are already affected by the slow resolution of their stressed thermal energy assets, according to rating agency ICRA. The segment's total exposure to the RE segment was pegged at Rs 90,000 crore at end-September. The trajectory of total infrastructure credit in India (from banks and infra NBFCs) had flattened in the six months ended September 2019, the first half (or H1) of financial year 2019-20. hile infrastructure credit grew 19 per cent in 2018-19, to Rs 21.1 trillion, it rose only marginally to Rs 21.2 trillion in H1 of 2019-20.The uncertainty regarding rates in some southern states has led to rating downgrades for power companies that have raised money from lenders. The ratio of the number of upgrades to the number of downgrades in the power sector declined to less than one ..

Power Exchange bets on renewable energy; to focus on revival of REC market

PXIL faced financial crisis in 2017 when its net worth eroded and promoters of NSE and NCDEX wanted to shut it down prior to NSE's proposed initial public offering (IPO)

Two hurdles in the transition from coal-based power to renewable energy

A fine balance is needed between the two sources of electricity in order to enable the wider use of renewables

Green shoots: State-run banks, NBFCs tilt towards renewable energy projects

The second of a three-part series on credit pick-up looks at renewable energy sector, which is facing issues like cancellation of projects and grid curtailment

Sanctity of contracts is key for Indian renewable projects: FMO CEO

Peter van Mierlo says the Dutch development finance institution is in India for the long term and is unperturbed by the current slowdown, which he says is temporary in any case

Renewable power firms stare at bleak cash flows, defaults in Andhra Pradesh

Sector executives said that the unpaid dues total up to Rs 7,000 crore for the past year

Why India's solar push could kill the livelihood of pastoral communities

Experts working on just transition to renewable energy believe that specific laws are needed to protect these communities

India's renewable energy cost is lowest in Asia Pacific: WoodMac report

India's levelised cost of electricity using solar photovoltaic has fallen to $38 per megawatt hour this year, 14% cheaper than coal-fired power

Now, a dedicated portal to oversee renewable power sector in India

In order to map the intermittent solar and wind energy, the CEA will source data from the Renewable Energy Management Centres

The revolution will not be subsidised

Solid fuels in manufacturing, liquid fuels for transport, and gaseous fuels for cooking and heating buildings all rely (to the largest extent) on fossil fuels

India needs green energy policy to get 175-Gw solar capacity by 2022: CSE

CSE Director General Sunita Narain said this at a national conference where she released a report titled the 'State of Renewable Energy in India 2019'.

Renewable sector jittery on new external commercial borrowings norms

As the lending rates in India are high for solar and wind power, project developers initially borrow fund from domestic banks/NBFCs at a high cost

India to add 10,000 MW renewable energy capacity in FY20, says Icra

Icra, however, noted that RE sector especially wind and solar segments remain exposed to near-term challenges

India to attract investments worth $80 bn in renewable energy: Report

Competition in green energy domain has heated up especially in solar power segment

Long wait for solar energy IPOs

Hopes have soared once again, with the mother of all renewable IPOs getting Sebi's approval last week

Govt weighs reverse auction vs conventional bidding for renewable projects

Move follows industry call to stop reverse e-bidding in order to keep tariffs at healthy levels

Govt extends transmission charge waiver for solar, wind power till 2022

The order also provides that the waiver would be available to only those projects which are awarded through competitive bidding process