Range anxiety continues to be an obstacle to electric vehicle take-up but the nation’s willingness to embrace car-sharing and other workarounds offers plenty of promise to the sector, according a World Economic Forum report.
The disparity between central and state government renewables policies must be resolved and renegotiating signed PPAs is an absolute no-no, according to the solar business’ bosses.
The latest blow in the political battle between clean energy project developers and an anti-renewables state government has seen the electricity regulator order power distribution companies to honor PPAs signed after a public tender.
Continuing delays in payments from utilities, regulatory uncertainty on tariff matters and tight financing have hit the industry hard.
By going for captive solar plants, MSMEs can not only contribute in addressing the challenge of global warming but also generate additional cash flows to their business. Ample funding is available for them to make the switch.
The Ministry of New and Renewable Energy has suggested minimum 25-year power purchase agreements and also opened up the option of including energy storage in solar-wind hybrid generation projects procured under its public tender regime.
“The CRISIL report is neither factually correct nor takes into account initiatives taken by the MNRE to facilitate accelerated development and deployment of renewable energy in the country. India will not only meet 175 GW target but exceed it by 2022”—stated the ministry.
Plant load factor for thermal power generators ramped up to 70-80% between July 2019 till date while solar power projects were arbitrarily backed down by more than 60-70% of their operational capacity during the same period.
The state bus company had originally sought central government funding for 250 vehicles but was given the green light for the smaller figure. A pre-bid meeting related to the tender is planned on Friday.
A report by Indian ratings agency CRISIL points to a rising rate of tender failures, an inconsistent policy approach from central and state governments and restrictive solar energy tariff caps and says India could have just 104 GW of renewables capacity by 2022.
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