REI 2017

REI Expo Greater Noida 2017- Our Experience

This year was my 6th consecutive participation at the Renewable Energy India Expo (REI), Greater Noida- twice as an exhibitor and competitor and four times as a visitor. Over these past six years, I can certainly say that REI successfully captures the mood of the renewable energy industry. Here were my key takeaways from the expo this year:

  • Over the past years, REI has been a lot about hype, with a large proportion of only curious visitors. This year, having visited on the second day, I felt that even though the footfall was lower, but there was a larger proportion of serious business visitors. The spread in terms of number of stalls was also less than the last two years but stalls represented the serious long term players in the industry.

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Piyush Goyal Dharmendra Pradhan

India’s Energy Diplomacy

In an enlightening discussion today at the Energy Conclave 2017, Piyush Goyal (MoS Power, Coal & RE) and Dharmendra Pradhan (MoS Petroleum & Natural Gas) talked about power being a significant part of India’s diplomatic efforts.

Bhutan and Nepal have tremendous potential for hydro power, but they do not have enough consumption or load”, said Mr. Pradhan. Thus these countries are unable to economically develop hydel power plants just to cater to their own consumption (more…)

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Piyush Goyal

Breaking: ₹8,100 cr Budget Allocated to double solar parks capacity to 40GW

In an unprecedented move this Wednesday, the Cabinet Committee on Economic Affairs cleared an 8100 cr. proposal to double the solar park capacity to be achieved by 2019-20 to 40 GW.

This move was reportedly motivated by the enthusiastic response received for Rewa’s Ultra Mega Solar Power Park.

Piyush Goyal, Minister of State for Power, said: (more…)

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REWA Solar Park Bid Results

MP Strikes Gold with the Sun- REWA Solar Park Bidding Results

Rs. 2.97/ unit

Something amazing just happened in the Indian Solar Industry. A couple weeks ago Sunkalp Energy had reported how the REWA Solar Park was developed to attract competitive bids. The bid results that were declared on Friday morning did not disappoint. For the first time, the bid solar tariff has breached the magic Rs. 3/unit number, and this without any subsidies or incentives. While aggressive tariff is ofcourse as a result of stellar off-takers and large capacity which improed bankablity, this is truly a success story for the resilient Indian solar industry. The bid results are testament to the fact that the solar industry can now survive without incentives and subsidies.

Summary of REWA Solar Park Bid Results:

The winning bidders along with their quotes are as below:

  • Mahindra Renewables Pvt. Ltd: Rs 2.979 per kWh
  • Acme Solar Holdings Pvt. Ltd: Rs 2.97 per kWh
  • Solenergi Power Pvt. Ltd (Sweden): Rs 2.974 per kWh

Each of the bidders have won contracts to build 250MW plants each.

Records Broken by the REWA Solar Park:

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Arun Jaitley-Budget-03-20170201-RP-kKwD--621x414@LiveMint

Impact of Budget 2017 on the Solar Industry

Big Day! Our finance minister Arun Jaitly announced the much awaited Budget 2017 today. Here are the key takeaways from the Budget 2017 that affect the solar industry directly or indirectly.

1. 7000 Railway Stations to go Solar in the Medium Term

This is the first time that the railway budget has been merged with the Union Budget. Mr. Jaitly announced that a proof of concept with solar power has already been done with 200 railway stations and now 7000 railway stations will be converted to solar in the medium term.

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