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Solar power projects delayed by coronavirus in China may get relief

By : Sustainability ..., Feb 24, 2020

In a big relief to renewable energy projects, the Ministry of New and Renewable Energy (MNRE) will give extra time for the commissioning of power projects that face delays due to squeezing of supply lines from China which is facing deadly spread of coronavirus. On the lines...

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Centre weighs new green energy board to calm investors’ nerves

By : Sustainability ..., Feb 20, 2020

Concerned with dwindling investor interest, the Union government plans to set up an inter-ministerial body to settle various issues faced by the green energy sector and attract billions of dollars in investments to successfully execute the world’s largest clean energy...

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After Andhra shock, govt plans tribunal to enforce power pacts

By : Sustainability ..., Feb 19, 2020

The Union government plans to set up a new tribunal solely to enforce power purchase contracts, power and new and renewable energy minister Raj Kumar Singh said, creating an additional legal safety net for investors. The National Democratic Alliance government, which is...

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State discoms’ large dues spark NPA fears in renewable energy

By : Sustainability ..., Feb 17, 2020

Renewable energy projects, which have cornered the bulk of private funding in the power sector over the last six years, could be facing a fresh wave of non-performing assets (NPAs). There is renewed nervousness among banks that lending to renewable power utilities over the...

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Solar rooftop cos move tribunal on KERC's order

By : Sustainability ..., Feb 17, 2020

Developers of solar rooftop projects have challenged the Karnataka power regulator’s order in December seeking to do away with net metering for commercial and industrial consumers. Net metering allows developers to sell electricity to the grid and deduct its value from their...

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Banking and NBFC crisis impeding credit flow for renewable energy sector: CEOs

By : Sustainability ..., Feb 13, 2020

The ongoing crisis in the banking system and the non-banking financial companies (NBFCs) is impacting the growth of the renewable energy sector impeding credit flow for projects, according to chief executive officers (CEOs) and other senior executives of companies operating...

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Solar storage tariff spells trouble for coal

By : Sustainability ..., Feb 10, 2020

When solar power tariff dropped to Rs 2.44 per unit for the first time in May 2017, it set a record for cheapest electricity, busted the myth of renewable power being unaffordable and opened a Pandora’s box for conventional power plants by challenging coal’s dominance as the...

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Rajasthan power commission approves up to 11% hike in electricity tariffs

By : Sustainability ..., Feb 7, 2020

The Rajasthan Electricity Regulatory Commission on February 6 revised the power tariff for different categories of consumers with a projected revenue increase of nearly Rs 4,800 crore annually. The overall increase in power tariff is 11 per cent which will be applicable from...

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Renewable energy: 7592 MW commissioned in first 9 months of FY 2019-20

By : Sustainability ..., Feb 5, 2020

India’s renewable energy capacity addition in the year 2019-20 is likely to exceed year 2018-19’s 8532.22 MW. The country has already commissioned renewable energy capacity of 7591.99 MW up to December in the year 2019-20. Another 34,160 MW is under various stages of...

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Power ministry to track India’s energy security and consumption

By : Sustainability ..., Feb 5, 2020

Raj Kumar Singh, Hon’ble Minister of State (Independent Charge) for Power and New and Renewable Energy and Hon’ble Minister of State for Skill Development and Entrepreneurship released the State Energy Efficiency Index 2019, which tracks the progress of Energy Efficiency (EE...

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