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Demonetization hits solar power bids in Tamil Nadu

Demonetization has hit solar power tenders in Tamil Nadu with many developers unable to put down large volumes of cash needed to purchase the land required. Out of 500MW for which Tamil Nadu Generation and Distribution Corporation (TANGEDCO) floated tenders early this month, 20 bids for only 116MW have been received. For presenting a bid […]

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Industry’s Aspirations on Solar Blueprint

Every year India faces severe electricity shortage, to meet the rapidly growing demand the country needs a massive addition in capacity. And to sustain the pace of economic growth with a commitment towards the reduction of greenhouse gases, India has to cut its dependency on fossil fuels for electrification. Therefore solar power installations in India […]

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PHOTON Consulting’s PV Triathlon: 3Q16 Rankings

PHOTON Consulting is pleased to announce the release of the 3Q16 edition of the PV Triathlon, PHOTON’s ranking of solar companies.  The PV Triathlon evaluates and ranks solar companies based on PHOTON’s proprietary methodology that includes: Current financial health (i.e. balance sheet related metrics) Cost and profitability leadership (i.e. income statement related metrics) Sustainability of […]

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World Bank to grant additional 22.93 million dollars for solar projects in India

The World Bank has facilitated an additional grant of 22.93 million dollars to India to further increase the installed grid-connected rooftop solar photovoltaic (GRPV) programme in the country. The add-on grant of 22.93 million dollars has been sanctioned under the Global Environment Facility (GEF), and will support the overall $625 million GRPV programme approved by […]

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Solar FlexRack Completes Independent Technical Assessment of TDP Turnkey Tracker to Underpin Its Bankability

Solar FlexRack, a division of Northern States Metals and one of the innovative leaders in photovoltaic mounting and tracking solutions, has announced that Black & Veatch has performed a bankability study of its TDP Turnkey Tracker. The technical report covers the tracker’s design, reliability, durability, installation, operations and maintenance. According to GTM Research, over 70% […]

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BUY or LEASE Your Solar panel system?

Rooftop solar market in India is speculated to add new capacity of 700 MW in 2016 – 15% of total solar capacity addition this year. According to Bridge to India, the cumulative capacity crossed 1 GW by September and is growing at a sizzling 300% over last year. Ministry of Finance has reduced depreciation rate […]

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Western Railway to install 2 MW solar panels at its suburban stations

To reduce carbon footprint, the Western Railway will be setting up solar panels at around 30 locations- with a total capacity of 2 MW. The installed solar plant will provide power for its non-traction work. Western Railway expects to reduce dependence on energy from coal-fired plants by around 10% and save lakhs of rupees in […]

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