The latest approval of Goods and Service Tax (GST) claims for solar power developers by Central Electricity Regulatory Commission (CERC) is a major positive development but timely payments by the off-takers remains crucial, according to research and ratings agency ICRA.
Solar and wind are now the cheapest new source of energy generation in all major economies, except Japan. This includes China and India, where not long ago coal was the king. In India, best-in-class solar and wind plants are now half the cost of new coal plants. These are the findings of the latest energy cost analysis by Bloomberg NEF.
India’s first hybrid solar and wind tender was undersubscribed by 150 MW, with only Adani Green Energy and Softbank-backed SB Energy coming forward to take a share of the pie, while other large players stayed away due to low tariffs
India is ready to share its expertise in renewable energy with small island nations, Union Power and New & Renewable Energy Minister Singh said on November15, 2018 while addressing delegates of Know India Programme from various countries, including Mauritius, Fiji, Suriname, Guyana, Trinidad & Tobago and South Africa
Solar power generation has gone up significantly in Kochi with many big firms switching over to solar energy. Kochi Metro, Cochin University of Science and Technology (Cusat), Government Medical College, Ernakulam are some of the big institutions installing solar plants. Moreover, a majority of the 10,000 applicants who have registered with the Kerala State Electricity Board’s (KSEB) Soura rooftop solar power plant project are from Kochi.
India’s power and renewable energy minister today, November 16, 2018, said the government is focussing on renewable energy and is aiming for 100 per cent renewable energy in Andaman & Nicobar and Lakshadweep and India is ready to share expertise among other small island nations
India’s wind energy capacity addition is set to grow by up to 76 per cent to 3,000 Megawatt (Mw) in the current financial year (2018-19) from around 1,700 Mw added last fiscal.
Under the new rules adopted by the European Parliament on Tuesday, the EU is targeting energy savings of 32.5 per cent and a renewable energy uplift of 32 per cent by 2030
Industry in News
Renewable Energy solution provider Suzlon EnergyTuesday said it has completed sale of its arm Amun and Avighna to Canadian Solar for a total consideration of Rs 54.53 crore. “The company has completed sale of Amun (Amun Solarfarms Ltd) and Avighna (Avighna Solarfarms Ltd) to canadian Solar and accordingly Amun and Avighna have ceased to be the subsidiaries of the company,” a Suzlon Energy statement to the BSE said.
German energy group EnBW on 12th Nov’ 18 had cut the outlook for its renewables division after low wind and water levels hurt the output at its hydroelectric power plants and wind parks. The group said adjusted core earnings at its renewables unit would develop in a range of -10 to +5 percent, down from previously expected profit growth of 10-20 percent
Germany’s Innogy lowered profit forecasts for its renewables and retail operations on 13th Nov’ 18, businesses which will be owned by RWE and EON following a planned breakup of the energy provider
MAHAGENCO, which had decided to set up a floating solar plant at Irai dam is now having second thoughts about it for several reasons. Gensol, a private solar energy agency engaged in the feasibility study for Irai but gave a report that was not very favourable. A ballpark calculation had estimated that 250MW could be generated through floating solar panels. Floating solar power plant exists only in Kerala. A 500kW plant was recently inaugurated in Banasura Sagar at the cost of Rs9.25 crore.
Greenko Group, a Hyderabad-Headquartered, is acquiring Orange Renewable from Singapore’s AT Capital Group for an enterprise value of $850 million, ending weeks of intermittent negotiations. Itis also in final negotiations to buy a 385 MW wind energy platform, Skeiron Renewable Energy Pvt, a private company held by Suzlon founder Tulsi Tanti and his family, for $528 million, said people aware of the discussions. If they do go ahead, the two transactions for a cumulative $1.4 billion will add an incremental 1.13 GW of wind and solar assets to Greenko’s 3.2 GW operational portfolios. Another 500 MW is expected to get added by March 2019, thereby taking the portfolio close to 5 GW. These developments are expected to revive consolidation in the sector, which had seen a lull in the past few months.
The government-approved auditors will conduct randomised, third-party compliance monitoring of environment clearance conditions, according to a draft notification of environment ministry. The government plans to make projects such as powerplants, mines and oil and gas exploration ventures and expansion initiatives subject to checks by independent auditors to ensure they are complying with environmental conditions and prevent the kind of public protests that erupted in Tamil Nadu over the Vedanta group’s copper unit earlier this year.
Forging a common ground ahead of the UN climate conference, negotiators of BASIC (comprising Brazil, South Africa, India and China) group on first day of their meet on Monday listed their priorities under the Paris Agreement Work Programme which will ensure implementation of the global climate deal after 2020
Albania’s government picked a group led by India Power Corporation Ltd. to build the Adriatic country’s first solar powerstation worth 70 million euros ($79.34 million) with a capacity of 100 MW, the Energy Ministry said on 10th Nov’ 18. This project will be an important step in diversifying energy resources in Albania and lead the way in turning Albania into a centre of solar power in the Balkans
Every year, the employees at EcoMark Solar take on the cause of ending hunger in our state by creating their annual ‘Kilowatt Can Drive’ in Denver. The company pledges to donate one can of food for every kilowatt of rooftop solar panels sold or installed in the months of October and November, 2018
Renewable energy developer Leap Green Energy announced it will raise $250 million as primary capital to fund its expansion plans. The company currently has operational wind energy capacity of 750 Megawatt (Mw) and 400 Mw of under-construction wind assets. Leap Green Energy is targeting to have an installed capacity of above 3,000 MW by 2019-20
Renewables account for over half the added electricity capacity in 2015:
But more needs to be done to achieve the goal of limiting global temperature rise to 1.5°CRead more
“There is only one world and it’s the planetary duty of every human being to protect the ecology and live a sustainable developed life. CRESPAI’s vision is to see an eco-friendly, environment friendly and sustainable growth now and in future”
CRESPAI is non-governmental body working to promote the use of clean energy and the cause of environment and climate changes. It aims to create a knowledge base and online platform to support the Industries, Professional, NGOs and/or other stakeholders in information dissemination, support and assistance. Our support includes the provision:
- To create knowledge base of energy data and statistics
- To provide insights on financial mechanisms and technological expertise;
- To facilitate capacity building programmes;
- To create a library of publications and other resources.
- To act against pollution.
- To advocate for clean energy.
- To create awareness for conservation of water and energy.
- To discourage use of fossil fuel and pollutant energy.
- To become a conduit for formulation and implementation of Government plan and programme in the field of Renewable Energy.
- To spread the words and awareness on the utilization of Green Power to reduce the adverse effect of global warming and climate change.
- To campaign for the “Green Revolution” (Clean Energy) to encompass the economy, business, rural employment and contribute towards self-reliance to meet the growing need of power.