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Electricity Market

Average Spot Power Price Falls 19% in April to Rs 3.22/Unit

The average market clearing price (MCP) at Rs 3.22 per unit saw a 19 percent decline over 3.98 per unit in April 2018. Average spot power price at the Indian Energy Exchange (IEX) declined 19 percent to Rs 3.22 per unit in April compared with Rs 3.98 a unit in the year-ago month, mainly due to improvement on […]

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European Commission Approves EUR 385 Mn Support For RE Transition in Lithuania

The scheme will contribute to Lithuania’s transition to low carbon and environmentally sustainable energy supply, in line with the EU environmental objectives and our state aid rules. The European Commission has approved, under EU State aid rules, a scheme to support electricity production from renewable energy sources in Lithuania. The measure, open to all types […]

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Interview with Rajendra Kumar Parakh, CFO, Vikram Solar

Availability of Domestic Finance at Viable Cost is Still a Distant Dream The only challenge that we can foresee is in terms of availability of finance and cost of finance available for renewable energy sector. Sources of finance for both solar manufacturing industry and solar deployment industry are scarce, a large part of funding comes […]

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KfW & FMO backed 50.4 MW Wind Project in Argentina Achieves Financial Closing

The USD138 million project is being financed by KfW IPEX-Bank and the Dutch development bank (FMO). Total Eren, a leading renewable energy Independent Power Producer (“IPP”) based in Paris, has announced the successful closing of the financing of its 50.4 MW “Malaspina” wind project in southern Argentina. The USD138 million project is being financed by […]

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Viz-A-Viz with Dr. Rahul Walawalkar, Executive Director | India Energy Storage Alliance (IESA)

High Time for Policymakers to take Decisive Action If we really want to tap into the country’s estimated 300GWh of storage opportunity in the next four years for domestic manufacturing, this is high time for policymakers to take decisive action, believes Dr. Rahul Walawalkar, Executive Director, India Energy Storage Alliance (IESA), a membership driven alliance […]

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Growth in Renewable Energy Investment Slowing Due to Grid Limitations: IEEFA

An investment of US$ 60-80 billion will be needed in the next five years to keep pace with growing generation capacity. A brief report by the Institute for Energy Economics and Financial Analysis, authored by Tim Buckley and Kashish Shah has revealed that India’s grid transmission infrastructure needs urgent modernisation to not limit the growth […]

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Ellomay Arm Inks EPC Pact with METKA for 300 MW Spanish Talasol Project

This is a very significant milestone in the advancement of the Talasol project, which is expected to be one of the largest photovoltaic projects in Europe and one of the first projects to work on grid parity, that is, without subsidies, says Ran Fridrich. Israel-headquartered renewable energy company Ellomay Capital’s arm Talasol Solar has entered into an […]

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Sumitomo SHI FW Has Successfully Completed CFB Boiler Modernization Project in Estonia

State-of-the-art EPC project utilizing retort gas from oil shale; Upgrade of CFB boiler to increase environmental benefits Sumitomo SHI FW announces that it has successfully completed the delivery of a CFB boiler technology upgrade project to increase the oil shale retort gas combustion in an existing circulating fluidized-bed (CFB) boiler at the Enefit’s Narva Power […]

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Viz-A-Viz with Sujoy Ghosh, Country Head, First Solar, India

Q. Higher Energy Yield. Lower LCOE. Superior Return – This is your mantra for Series 6 Modules. Can you please justify the above statement in detail? The First Solar Series 6 module leverages the same proven semi-conductor (CdTe) and the manufacturing process, with a larger form factor. The module size is 1.2X 2 Mtrs with […]

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