The company had clocked Rs 86 crore profit from renewable business in the same period last year.
Challenges in the net metering implementation and financial implementation are the two headwinds that must be met head on, says a report.
This year, Morgan Stanley projects the demand-supply gap to increase to 45 percent, pressurizing prices to go down further
Experts list the lack of long term financing, inadequate budget allocation, and insufficient transmission and distribution, as the reasons behind the government falling short of its renewable targets.
India stated a target of 175 gigawatts (GW) of renewable energy generation by 2022.
Two sources privy to this development have told the newspaper that IDFC Alternatives is interested in acquiring First Solar's power generation assets.
In the Union Budget for 2017-18, Finance Minister Arun Jaitley allocated Rs 5,472.84 crore for the Ministry of New and Renewable Energy (MNRE), which is an increase of 25 percent from FY17 revised estimates.
Below is a report on state of the metals industry by CRISIL Research
The upcoming Union Budget of 2017 should also look at providing definitive answers for delayed payments that continue to plague the industry, particularly in the wind sector.
The wind energy sector can easily achieve the target of 60 GW by 2022, and also harness the export potential of 10 GW (~ USD 10 billion), if the following recommendations can be considered in the upcoming Union Budget, says Tulsi Tanti, Chairman and Managing Director, Suzlon Group.
Power ministry has sought `deemed export‘ status for renewable energy projects to cushion GST‘s inflationary impact on solar and wind power plants
The proceeds from this ADB investment will be utilized by the company to develop and expand capacities in Andhra Pradesh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh and Telangana.
Government today gave ex post facto approval to the proposal of Ministry of New & Renewable Energy for ratification of the International Solar Alliance's (ISA) Framework Agreement by India.
India's IPO market recorded strong performance in 2016 with 83 IPOs raising USD 3.8 billion this year, and the activity looks set to remain strong driven by a combination of high investor confidence and regulatory reforms, says an EY report.
"The government has mandated that the old notes of Rs 500 and Rs 1000 denominations can be used by the citizens to pay pending utility bills which will help DISCOMs due to their huge backlog of unpaid bills," the report said.
The company will be investing close to Rs 35 crore in these projects which will supply energy to the Indian Railways through long term power purchase agreements (PPA) for 25 years. This is the first set of allocations by Indian Railways to any company under PPA mode.
UK-based Lightsource Renewable Energy will invest Rs 6,500 crore over the next 2-3 years to set up 1000 MW solar energy projects in India.
The International Energy Agency on Tuesday said it has raised its five-year growth forecast for renewables, thanks to strong policy support in key countries and sharp cost reductions.
In a report released here, International Energy Agency (IEA) said the renewable capacity is expected to grow by almost 76 gigawatt (GW) over the medium term versus 66 GW in the Medium-Term Renewables Market (MTMR) report in 2015.
The plan called Prayas Initiative, short for Pradhan Mantri Yojana for Augmenting Solar Manufacturing, is aimed at creating an export market for the industry and developing photovoltaic (PV) capacity.
All the villages in the country would get electricity connection by May 2017, a year before the 1000-day deadline set by the NDA government ends, Union Minister Piyush Goyal today said.
Sales of renewable energy certificates (RECs) jumped about 58 per cent to 17.45 lakh in the first half of this fiscal, indicating increasing compliance of renewable purchase obligations (RPOs).
A Bridge to India report said that the ratification of climate accord would attract a much larger global scrutiny on the country‘s ability to achieve yearly renewable targets and compliance with policies such as Renewable Purchase Obligation (RPO).
"The Ministry aims to set up 90.64 MW of solar energy capacity at twelve major ports and 70 MW of wind energy capacity at four major ports by 2017," Shipping Ministry said in a statement.
"It is resolved to formulate a pro-active comprehensive hydro power policy to revive the hydro power sector. The policy shall also explore possibility of providing benefits of renewable energy to hydroelectric projects beyond 25 MW," Goyal said today at a press conference after the meet.