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AP Govt releases Rs 2,984 cr to clear power dues

By : Sustainability ..., Feb 27, 2020

The Andhra Pradesh government on Wednesday released a sum of Rs 2,984 crore to clear long- pending dues to solar and wind power generators, central generating stations and state generating stations. Of the total, Rs 2,199 crore will go to CGS and SGS while solar and wind...

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Kerala Commission Issues Renewable Energy and Net Metering Regulations

By : Sustainability ..., Feb 25, 2020

The Kerala State Electricity Regulatory Commission (KSERC) has issued the new state regulations for renewable energy and net metering in its ‘Kerala State Electricity Regulatory Commission (Renewable Energy and...

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Mahindra Renewables to sell entire stake in 3 arms for nearly Rs 340 cr to CLP

By : Sustainability ..., Feb 25, 2020

Mahindra & Mahindra on Friday said its wholly-owned arm Mahindra Renewables will sell its entire stake in three subsidiaries to CLP India, a part of Hong Kong-based CLP Group, for nearly Rs 340 crore. Mahindra Renewables Pvt Ltd (MRPL) has on Friday agreed to sell its...

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India installed 2,308 MW of solar capacity in Q4 2019: Report

By : Sustainability ..., Feb 21, 2020

India installed 2,308 megawatt (MW) of solar capacity and 817 MW wind projects in the fourth quarter (Q4) of 2019, according to a recent report by research firm JMK Research and Analytics. It added that the quarter saw a significant increase in installed capacity across wind...

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India's renewable energy sector to attract $10 billion investments annually: BoA

By : Sustainability ..., Feb 19, 2020

India's renewable energy sector could become a prime destination for global investors with a potential to attract $10 billion (Rs 71,550 crore) of annual investments, Bank of America’s global head of energy and renewable business said. The government's target of generating...

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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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Proposed Carbon Tax Waiver On Coal May Pose Risks To India's Renewables Growth: Fitch

By : Sustainability ..., Jan 7, 2020

Fitch Solutions on Monday said that the centre's proposed carbon tax waiver on coal may pose substantial downside risks to India's renewable sector growth. In a bid to alleviate significant debt levels in the power industry, India has proposed to waive carbon taxes on coal (...

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ICRA revises year-end outlook from stable to negative for renewable energy sector

By : Sustainability ..., Dec 31, 2019

ICRA has revised the year-end outlook for the renewable energy (RE) sector, from stable to negative. The sector is facing headwinds because of the long delays in making payments by the state distribution utilities, execution delays for projects bid out over the past two years...

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Andhra Pradesh regulator approves solar power tariffs

By : Sustainability ..., Oct 18, 2019

The Andhra Pradesh Electricity Regulatory Commission (APERC) has waded into the row over attempts to renegotiate signed power purchase agreements (PPAs) by ordering state power distribution companies to honor the contracts. Regulatory approval of the solar power price set in...

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ReNew load shedding sees 300MW of solar assets  put  on  the  block

By : Sustainability ..., Oct 9, 2019

ReNew Power, which until recently was a major acquirer of renewable assets in India, has put 300 megawatts (MW) of solar assets on sale as the company tries to cope with rising uncertainty in the industry, two people aware of the development said. The move to raise capital...

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