National Offshore Wind Energy Policy Draft – India 2013

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Recently MNRE has released a draft on National offshore wind energy policy to promote deployment of offshore wind energy.The very first idea of introducing this policy is to attract investments in energy sector,with a view of reducing carbon emissions and building research and development in energy sector. Globally About 5 GW of offshore wind generation capacity […]

Financing of solar projects: Issues and concerns

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A typical solar project is financed in the form of debt and equity wherein the equity is brought by an investor and debt is provided any financier or lender to the company executing his project.Generally  a project company is a SPV (special purpose vehicle company)and is liable to all contractual/obligations rising out of the solar […]

Solar Industry apprehensive over Increasing Defective Panels

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There is a uproar in the Solar market regarding the increasing no. of defects in solar panels during manufacturing.Indeed this has snubbed a lot of investors and consumers off lately.Umpteen no. of companies are expanding their business into solar,with a view of brighter prospectus,but this in turn is creating dark clouds  on the future run […]

7 Solar Stadiums In Brazil for 2014 world cup

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A new step probably for encouraging renewable sources.At least seven of the stadiums are incorporating solar arrays to provide on-site power generation for one of the world’s largest sporting events,football world cup 2014 in Brazil.Two of the installations were recently completed in the cities Brasilia (The 1st LEED Platinum stadium) and Rio De Janeiro. This is […]

Solar RPO requirement by 2022

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The following table illustrates the solar RPO requirement by 2022 on the basis of expected demand in India. National Action Plan on Climate Change (NAPC) , suggests RPO at 5% in year 2010, increasing 1% every year for 10 years.By 2021-22,  it is  envisaged that the solar RPO may rise by 3 %. Whether the […]

Price projection in solar pv:

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Solar pv development in India has come up in a big way .In 2009 we had merely 10 MW of installed capacity, today we have reached to an installed capacity of about 1.1 GW. And it is expected that now in the future we will be able to add 1 GW every year for next  […]

Understanding accelerated depreciation in solar projects:

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Accelerated depreciation is a method of depreciation used to depreciate the assets in a manner that greater deductions are allowed in the first few years. Accelerated depreciation can reduce costs during a company’s start up year. By increasing the deductions taken during the first few years of business, you will reduce your company’s overall tax […]

Renewable Energy Corporation Pvt .Ltd bags 72 MW multiple solar projects in Thailand

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One of the leading global provider of solar solutions Renewable Energy Corporation Pvt.Ltd,India (REC) recently announced that it will deliver 72 MW of solar panels for the construction of six solar power plants in Thailand, to be located in Nakhon Pathom and Suphan Buri provinces.The officials stated that they have considerably worked towards making REC visibly in the growing […]

Wind v/s Solar: Which one is better

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India has about 18000 MW wind installed capacity, and in recent year there has been significant addition for solar as well and the country has around 1.2MW installed capacity of solar pv as well. The renewable energy development in India was typically promoted by tax incentive in the form of accelerated depreciation (AD). On one […]