Electricity demand in India to grow at 6% in FY2022
Ratings agency ICRA maintains a negative outlook for thermal power generation despite a rise in electricity demand. The thermal plant load factor will remain subdued at 57%. The gap between the average cost of supply and the average tariff for discoms is estimated at 70-75 paise per unit for FY2022.
NTPC seeks offtakers for 735 MW Nokh solar project
Applications are invited for procurement of power generated from NTPC’s 735 MW solar power project in Nokh, Rajasthan. To qualify, the applicant must have a sanctioned load greater than 2 MW.
China’s Jinchen holds 10 GW of solar production line orders from India
Jinchen Machinery has landed module production equipment orders from leading Indian solar manufacturers. It has already installed 2 GW of production lines and plans to supply the balance within three months. The company will open an India office in Surat, Gujarat.
Module price increases to moderate solar project returns
Solar module prices have increased by about 15-20% over the last 4-5 months to around 22-23 cents/watt as of date. As PV modules comprise about 50-55% of the overall project cost, such an increase in the module price level, if sustained, may moderate the debt service coverage metrics for developers by about 12-14 basis points.
Electricity derivatives will offer power offtake certainty for renewable investors
An Institute for Energy Economics and Financial Analysis (IEEFA) report says the sale of power in the futures market will benefit renewable energy developers and distribution companies alike.
Cheaper renewable energy will leave new coal assets stranded
A new Ieefa report discusses the viability of under-construction coal-fired power plants and evaluates the associated stranded asset risk in building additional coal-fired capacity in India’s electricity system.
Solar developers approach Centre as Uttar Pradesh cancels 500 MW auction
The 500 MW solar auction cancellation by Uttar Pradesh comes as the latest blow to developers after a similar experience in Gujarat recently. Industry body NSEFI wants the central government to direct the state government to stop cancellation and issue the capacity to winning developers.
Renewable energy certificates worth over INR 9,000 crore sold to date
A new report stresses on rebooting the renewable energy certificate (REC) trading for a balanced energy transition in India. It proposes measures to make RECs more appealing to stakeholders and prepare the market for the possible supply crunch in the future.
Maharashtra discom tenders for purchase of 500 MW solar power
Solar power generators have until June 4 to bid for supplying the power from their proposed or existing PV projects under a 25-year PPA.
Bolivia launches call for lithium extraction
Bolivia has launched a second international call, after a first attempt failed in 2019, to seek potential investors for its huge lithium resources.
