Page 2 - Solar Project
Aditya Birla, Mahindra, Hero bid for 200 Mw solar project in Odisha
The bids have a greenshoe option wherein Gridco can go up to 300 Mw capacity in solar installs
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Govt to set up $350 mn fund in bid to add 175Gw in renewable energy by 2022
Installed renewable power capacity is currently about 60 GW, and India plans to complete the bidding process by the end of 2019/20 to add a further 115 GW
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New solar bidding guidelines will boost investors' morale: Icra
Rating agency ICRA says the recent guidelines for solar energy bids, introduced by the ministry of new and renewable energy, is a positive development for the sector. These address, it says, some key concerns. Such as on offtaker credit profile, grid curtailment and termination payments. Also, the procurer may choose to provide a state government guarantee in a legally enforceable form, for payment of energy charges and termination compensation.The guidelines provide for compensation to solar power generators in case of offtake constraints, including delay from the side of the government or procurer. Tamil Nadu and Rajasthan are among the states which have resorted to grid curtailment for renewable energy. Unlike conventional power, there is a single-part rate structure in renewable ebergy projects; hence, cash flows and debt serviceability is directly linked to actualgeneration and offtake by procurers. Sabyasachi Majumdar, senior vice-president at ICRA, said barring the Rewa Solar ..
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Govt bars states from independently exiting, modifying solar project pacts
Government aims to raise solar power generation capacity nearly 30 times to 100 Gw by 2022
