Solar power tariff drops to historic low at Rs 2.44 per unit

NEW DELHI: Solar power tariffs in India have plunged to a new low of Rs 2.44 per unit, continuing the free fall in the cost of green energy after Acme Solar Holdings and SBG Cleantech, the joint venture of SoftBank, Foxconn and Bharti Enterprises, won the latest auction for 500 megawatt of projects in Rajasthan. … Read more

Sliding tariffs mean more power, but is the trend sustainable?

In 2013, Rahul Munjal, chairman and MD of Hero Future Energies, part of the Hero Group, was talking to the India team of one of the largest consulting firms in the world to give them a mandate. The energy vertical of this firm, which Munjal doesn’t name, had all its leaders focussed on conventional energy. … Read more

India proposes compensation for renewables curtailment - PV-Tech

PV-TechThe Indian Power Ministry has put forward plans to compensate for grid curtailment of existing renewable energy projects, according to credit rating agency India Ratings and Research (Ind-Ra). This would protect the cash flows of developers and would … …read more

Hitachi enters Indian solar market with CleanMax Solar

According to reports, Japanese electronics and instrumentation major Hitachi High-Technologies Corporation has announced its entry into the Indian solar market, in collaboration with Mumbai-headquartered CleanMax Solar India. The two companies will “jointly offer high-end rooftop solar solutions to Japanese companies across India.” CleanMax Solar’s Managing Director, Kuldeep Jain, told BusinessLine today that the MoU is … Read more

Orient Green Power: Posts strong FY17 financials; Climbs over 3%

According to reports, Orient Green Power stock marched over 3% on the first half of Thursday’s intraday trade on BSE at Rs 8.84 per share. The company reported its FY17 financials today which reported, Revenues higher by 13%, EBITDA grows 37% to Rs. 293 crore EBIT increases 15.5 times to Rs.125 crore EBITDA at Rs. … Read more

Chinese solar panels to face quality control barrier

According to reports, the Centre is looking to restrict the influx of low-quality, cheap solar panels, a major component in the industry that is experiencing a fall in tariffs, from China. The government is designing standards for solar panels, which would also help it identify domestic and overseas suppliers. “We are looking at tighter quality … Read more

Cheaper solar sparks change in energy use

According to reports, solar power becoming cheaper than its coal-based alternative for the first time in the country seems to have sparked an energy transformation, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA). Various state governments have, in recent times, cancelled nearly 13 Gw of coal power projects. This … Read more