Sanaya Energy LLP

Solar Tariff is applicable for projects in the State of Goa and the Union Territories of Andaman and Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep, and Puducherry. GEDA has confirmed the same.

The 100 GW by 2022 target has created an urgency driving up the solar capacity of the country. Besides highlighting India’s step to curb carbon emissions in the UN, this move towards green energy shift has also given India the opportunity to bridge its continuously increasing gap between energy generation and demand. India’s electricity consumption per capita has reached to 1010 kWh in 2015. And with booming population, (1,326,801,576 in 2016) the power demand is expected to rise significantly in 2017. In this scenario, trusting green energy rather than limited reserves of fossil fuel can help develop India into an energy rich country. However, regardless of the environmental benefits, solar has to match the pricing structure of conventional energy to win the race, encouraging common man to opt for green energy. Grid Parity: Current Scenario ...

Greater manufacturing capacity and efficiencies hold the key to India’s growth and success in becoming the global leader. And recent initiatives by Government testify the country’s intent on claiming the mantle of the fastest growing manufacturing hub in the world. However, prioritizing the fastest growing manufacturing sector within the country (which is solar sector) and focusing on its growth (through domestic manufacturing) can help India reach great heights. Present Status of Manufacturing Sector in India Indian manufacturing sector has shown incredible growth in recent years. In the last 4-5 years India has executed nearly half of the 37 reforms, that were adopted in 2003. From facilitating the delays in getting construction permits, simplifying finance acquisition, registration of property, paying taxes, protecting minority investors, developing skill through training, resolving insolvency, and enforcing contracts; Government of India has acted aggressively on...

-reverse auction for grid connected wind project of 500 MW in Gujarat which took place on 21 December 2017 saw the tariffs dipping to a historically low value of Rs 2.44/kWh. This is lower than the price determined in the second auction for SECI’s 1 GW wind capacity by Rs 0.21/kWh. The lowest tariff was quoted by Sprng Energy Pvt Ltd and K.P. Energy Ltd for capacities of 197.5 MW and 30 MW respectively.  Following graph depicts the trends followed by wind tariff in this year:

The Ministry of New and Renewable Energy (MNRE), in order to fulfill its target of installing 175 GW renewable energy in the country by 2022, is planning to award 100 GW of solar and wind contracts by March 2020. Solar power shall form 75 GW of the total awarded power in the country.  To achieve 100 GW of solar capacity by 2022, the state and central ministries shall work together to lay bids for ground-mounted solar parks for 20 GW. Following is the plan suggested by the MNRE for solar capacity addition: The Government plans to complete the bid process by March 2020 to give the developers time to build these projects. The MNRE also plans to set up solar projects for farmers. Such projects would involve setting up of small solar plants on fallow land and solarizing water pumps. There have been talks about setting up 20 GW solar manufacturing capacity, 5-10 GW floating solar power projects and 10 GW hybrid solar-wind power systems.

Nearly 50 countries vow to use 100% renewable energy by 2050 Nearly 50 countries vulnerable to climate change have agreed to use only renewable energy by 2050. The 48 members of the Climate Vulnerable Forum made the decision while attending the United Nations Climate Change Conference in Marrakech, Morocco. The Climate Vulnerable Forum was set up in 2009 and is made up of countries that are disproportionately affected by climate change. Members, including the likes of Ethiopia, Marshall Islands and Bangladesh, agreed to make their energy production 100 per cent renewable “as rapidly as possible” and by between 2030 and 2050 at the latest. Low-lying Bangladesh is particularly vulnerable to rising sea levels while fellow members the Maldives and the Marshall Islands have already suffered heavy flooding linked to climate change. The forum also vowed to take action to help limit global warming to 1.5 degrees Celsius above pre-industrial levels. ...

Unwillingness on the part of state discoms to sign long-term purchase agreements at the higher feed in tariffs is likely to affect wind power generation as only 1,000-1,500 MW of capacity is likely to be added in this financial year, India Ratings (Ind-Ra) said today. By: PTI | Mumbai  According to the rating agency, there could be a substantial dip in capacity addition in FY18 to 1000-1,500 MW from about 5,400 MW in FY17. (Reuters) Unwillingness on the part of state discoms to sign long-term purchase agreements at the higher feed in tariffs is likely to affect wind power generation as only 1,000-1,500 MW of capacity is likely to be added in this financial year, India Ratings (Ind-Ra) said today. According to the rating agency, there could be a substantial dip in capacity addition in FY18 to 1000-1,500 MW from about 5,400 MW in FY17. “This will be because of the unwillingness of state discoms to sign long-term purchase agreements at the higher feed in...