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Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

14 June 2019
Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

The recent tender auctions of 1200 MW by SECI saw an active participation from 6 developers. Ayana Renewable (CDC), Renew, Azure & Mahindra Susten won the entire bidded capacity. Avaada Energy won 50MW of the 350MW bidded capacity. Company Name Status Bid Capacity Awarded Capacity Quoted Tariff...

India Solar Policy Update - May 2019

12 June 2019
India Solar Policy Update - May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

Pooled Structures And InvITs To Boost Market Access For Developers

12 June 2019
Pooled Structures And InvITs To Boost Market Access For Developers

Nuanced structures in pooling of assets such as obligor/co-obligor or Infrastructure Investment Trust would propel refinancing of the infrastructure assets, says India Ratings and Research.

India Solar Policy Update - April 2019

13 May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

Solar Energy: The Perfect Match For EVs

06 May 2019
Solar Energy: The Perfect Match For EVs

EVs and Solar as a supporting source of power. Recently there has been much hype around EVs what with the Indian government pledging to replace petrol and diesel cars with EVs by 2030.

Innovative Solar Applications & Latest Technology Breakthroughs

06 May 2019
Innovative Solar Applications & Latest Technology Breakthroughs

Solar skin design Sistine Solar, a Boston-based design firm, is making major strides with the concept of aesthetic enhancement that allow solar panels to have a customized look. The MIT startup has created a “solar skin” product that makes it possible for solar panels to match the appearance of a ro...

Why Is Mono Silicon Wafer Getting Bigger And Bigger?

06 May 2019
Why Is Mono Silicon Wafer Getting Bigger And Bigger?

In recent years, PV technologies have been developing rapidly. With respect to cell, the high-efficiency PERC, bifacial cell and black silicon technologies have started mass production gradually, while N-type and heterojunction technologies have obtained footholds in the market; with respect to modu...

Optimistic Outlook For Indian Solar Market

06 May 2019
Optimistic Outlook For Indian Solar Market

Fitch Solutions Macro Research on Tuesday said it is maintaining a positive outlook on India’s renewables growth, excluding hydro power, irrespective of general elections as both the incumbent and the opposition support clean energy.

India Looking At $500 bn Investment In Renewable Energy Generation By 2028

06 May 2019
India Looking At $500 bn Investment In Renewable Energy Generation By 2028

The global think-tank said in a special report the long-term outlook is favorable for renewable energy in India

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SolarQuarter Tweets

Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV https://t.co/qluWEzZDgg Solarquarter… https://t.co/FAtyZ57rla
Friday, 14 June 2019 11:20
Auction Results: 1200MW ISTS Connected Solar PV Projects (ISTS-IV) Solarquarter tendertracker solar auction… https://t.co/7IDgiG8AZr
Friday, 14 June 2019 10:57
EV100's EV Technology Awards, Who Will Win? - https://t.co/QHiiwL5Hgi
Wednesday, 05 June 2019 10:24

Financers, Bankers and Economists Discuss Measures to Improve Financing for Renewable Energy Projects; Laud India’s Achievements in Renewable Energy

Leading bankers and renewable energy financing experts from multi-lateral agencies discussed solutions to issues pertaining to financing of renewable energy projects, and how access to financing can be improved to expand clean energy projects across the world, at a Plenary Session titled ‘Bankers’ Perspective on Renewables’, of the 2nd Global RE-Invest India-ISA Partnership Renewable Energy Investors’ Meet & Expo at Greater Noida today.

The panel discussion had representation from World Bank, International Energy Agency, Germany’s KfW, Citigroup, and leading Indian companies Power Finance Corporation, Rural Electrification Corporation, Yes Bank and Indian Renewable Energy Development Agency.

In the session, Director, Power Finance Corporation Shri Chinmoy Gangopadhyay said, “We are trying to look at solar energy projects from the angle of their long term viability. As there are very little entry barriers in the solar business, so everyone has entered and promoters try to move out in a few years. This sometimes creates difficulty in assessing the viability of projects.”

“There are also issues with regard to the quality of solar panels. There is no benchmark to assess the quality of solar panels. Suppliers who are tier one today, fall out of that position later and there is difficulty in ascertaining quality,” Gangopadhyay added.

Solar energy projects have been discovering tariffs much lower than grid prices. Experts in the panel discussion said they feel these low prices would affect the long term viability of solar energy projects. Michael Eckhart, MD and Global Head of Environmental Finance and Sustainability, Citigroup, offered a solution to this problem. “To ensure the long term viability of solar energy projects, in Argentina, in Mexico, and everywhere else, including in India, I am recommending that there be two parameters for procurement of solar energy – the lowest cost, and a debt service ratio, a measure of how financially viable is a project, at that price (of solar energy). What I fear is that with all these low price bid procurements of solar energy, five to ten years from now we will have a wave of project refinances,” Mr. Eckhart said.

Eckhart congratulated India on the policy initiatives that the country has taken, and the nimbleness of policy shown here, to ensure the holistic development of the solar energy sector. “India’s UDAY program for refinancing energy utilities is the perfect model for the world to follow. I really think India is becoming a model for the world in renewable energy. I have recommended to the ISA to prepare a case study on what India has done in renewable energy and educate the world,” Mr. Eckart said.

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