Module and cell margins and growth visibility beyond the traditional module and cell segment are key concerns for domestic PV manufacturers, says DAM Capital.
Brookfield is one of the largest renewable energy platforms globally, with around $140 billion of AUM across solar, wind, hydro, pumped storage, battery storage, sustainable aviation fuel and carbon capture.
The move is likely to see opposition from some states as they fear it would reduce their control over the power sector. The Ministry of Power, however, stated that government discoms will continue to operate alongside private licensees in a regulated, level-playing environment.
Robust order book, strong customer relationship to support growth
The company is embracing clean energy transition, but the valuation is high
Moneycontrol reported on May 28 that Emmvee is planning to make a public markets debut through an initial public offering that could see the company raise around Rs 2,500-3,000 crore for capacity expansion.
The government is also planning to set up one nuclear power plant in every state that does not fall under the Seismic Zone 5 and may consider the 'fleet mode' in order to ramp up capacity addition.
With the monsoon arriving sooner, the Ministry of Power plans to reassess its peak power demand projections for this year, which are currently pegged at 270 GW.
The state-owned company will investment of Rs 5,000 crore over the next five years
With an outlay of Rs 20,000 crore, the government aims to achieve a nuclear power generation capacity of 100 GW by 2047.
Projects in both states are expected to create 200 direct jobs, and production is slated to begin by 2027. The capex announcement comes at a time when raw materials for solar projects, such as cells, are available at much cheaper costs.
AGEL currently has an operating renewable portfolio of 12.2 GW, the largest in India, spread across 12 states. The company has set a target of achieving 50 GW by 2030.
Coal-fired power is going to continue to do the heavy lifting by meeting 70-74% of the peak demand this summer. Like last year, the government plans to use state-run gas-based plants too, for which it has issued a tender to procure 1,800 MW of gas-based power. Besides, coal stocks at thermal power plants are at 51 million tons that would last for more than 21 days.
Industry players are hoping for higher allocation and duty-based support
India continues to rely on coal fired power to meet its energy demand because renewable power is mired with intermittency in the absence of energy storage facilities
Abhishek Poddar, India Country Head at Macquarie Group, says the company has a long-term and positive outlook on India, and it is excited about the opportunities covering the energy transition, infrastructure and digital space.
India has an offshore wind potential of 2,435 GW; however, only 30 percent of this potential lies in waters shallower than 500 meters. Deeper waters will necessitate the use of advanced floating turbine technology to harness this vast resource effectively
Producers are concerned about commercial viability due to the capex-intensive nature of the business, which results in low profitability. The government can somewhat address this by doubling the offtake period to 20 years.
Its inaugural bond issue in June this year received bids that were almost five times the size of the base issue, and traders anticipate a similar level of interest for future debt offerings from India's newest infrastructure lender.
The finance minister said the PM Solar scheme has generated remarkable response with more than 1.28 crore registrations and 14 lakh applications. The government would further promote the scheme, considering the response, she said.
The French energy major currently has a portfolio of over 2.3 GW in India, of which about 1.1 GW is operational and another 1.25 GW is in various stages of development.
Brookfield will work alongside the company’s existing shareholders to grow the platform to in excess of 3 GW over the next four to five years.
The report said for India’s target of 500GW renewable energy capacity by 2030, the country would require $190 billion to $215 billion of investment over the next seven years.