Draft open access norms circulated by Ministry of Power can be a tailwind for new renewable energy projects in the country, CRISIL said on Thursday. "The Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021, announced by the Ministry of Power, if implemented as is, could improve the certainty of cash flows for new renewable energy projects coming up through this route," it said. In India, power distribution happens through three modes state distribution companies, captive sources and open access. Under the open access route, which had a total installed capacity of 11 GW as on March 31, 2021, renewable power producers sell electricity directly to commercial and industrial (C&I) consumers. These consumers pay open access charges to state distribution companies (discoms). Such open access projects are hobbled by state-level policy changes that make returns uncertain, it pointed out. The draft rules aim to provide clarity on such open access ...
Sustainable financing is on the verge of a big take-off, even as the sum raised so far tops $16 billion
But the company will have to do a financial Houdini act meanwhile to make the markets keep faith in its long term story
This comes at a time when industry majors like RIL, Adani, Indian Oil Corporation, NTPC and Gail have evinced interest in becoming part of India's green hydrogen roadmap
COP26's Alok Sharma warms up to India's climate action; hopes India commits to a net-zero target by 2050
Indian renewable energy project developers have raised as much as Rs 26,300 crore through issuance of green bonds during January to June this year, according to a CEEW-CEF report
See how much of your state's energy consumption is from renewables in today's analysis
Solar power resources are more evenly distributed. Yet, most solar capacity addition is seen in the states already rich in windpower
The Ministry of Power on Monday sais it has circulated the draft rules on renewable energy for seeking comments from stakeholders. The ministry has circulated the "Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021," an official statement said. The ministry has sought comments within 30 days. These rules are proposed for purchase and consumption of green energy including the energy from waste-to-energy plants. The draft rules will provide in detail for Renewable Purchase Obligation (RPO); Green energy open access; nodal agencies; Procedure for grant of green energy open access; banking; and cross subsidy surcharge. These draft rules with regard to tariff propose that "the tariff for the green energy shall be determined by the Appropriate Commission, which may comprise of the average pooled power purchase cost of the renewable energy, cross-subsidy charges (if any) and service charges covering all prudent cost of the distribution licensee fo
PM Modi set a target of becoming 'energy independent' by 2047 through a mix of electric mobility, gas-based economy, doping ethanol in petrol and making the country a hub for hydrogen production
India's largest renewable energy solutions provider Suzlon has reported a net loss of Rs 79 crore in the quarter ended June on a revenue of Rs 1,135 crore.In Q1 FY21, it had posted a net loss of Rs 384 crore on a revenue of Rs 513 crore.Earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled Rs 154 crore in Q1 FY22 with EBITDA margin of 13.57 per cent. Earnings before interest and taxes (EBIT) were at Rs 96 crore.Ashwani Kumar, Chief Executive Officer, said the Q1 of FY22 was impacted by second wave of Covid-19 pandemic, making it difficult to ramp up execution. Rising global demand disrupted the supply chain, impacting availability and prices across the value chain."Steep increase in steel prices by nearly 73.8 per cent in a year has adversely impacted our margins. Despite that, we are keeping our operations on track and continuing to build on the foundation that we created in FY21."Kumar said the company continues to keep a strict control on costs. The order
It is seeking to raise about a quarter of the total investment by tapping global investors from private equity firms to pension funds
Climate concerns must feature in all aspects of public policy
The project will be designed to operate at an 80% average annual PLF and will have a minimum capacity utilisation factor of 70% monthly, despite being a renewable energy project, says ReNew Power
India needs low-cost capital to help domestic entrepreneurs execute global scale projects in areas like green hydrogen, solar energy, electric vehicles and battery manufacturing, Niti Aayog CEO said
Mitsui & Co Ltd on Wednesday said it will invest Rs 30 crore (USD 4.1 Million) in Punjab Renewable Energy Systems Pvt Ltd (PRESPL), one of the leading biomass supply-chain management companies in India. PRESPL is involved in the collection, storage and processing of agricultural residues. It produces biomass briquettes and pellets to meet the growing demand for biomass fuel from India's rapidly expanding bio-energy industry, a statement said. It also provides a range of operation and maintenance, and other technical services to the industry. Masaharu Okubo -- Country Chairperson of Mitsui & Co. India Pvt Ltd -- said, "We look forward to working together with PRESPL to grow its business by combining our respective areas of expertise and leveraging synergies with Mitsui's diverse business portfolio". This investment is aligned with one of Mitsui's important goals to create a more sustainable society while furthering the expansion of our bio-energy business in India and around ...
ReNew Power said it has signed a memorandum of understanding with RackBank Datacenters Ltd to power the country's first hyper-scale data centre with 100 per cent renewable energy.
Data shows that demand doesn't peak in the day, when solar and wind production is optimum, but at night after the Sun has set
Inconsistent regulatory policies, high costs, patchy implementation of subsidy scheme and lack of awareness are some of the hurdles
Country should accelerate decommissioning 30 gigawatts of coal-fired capacity and set aside another 20 gigawatts of plants as reserve: Research.