India Ratings and Research (Ind-Ra) has maintained a ‘neutral’ outlook for the power sector for FY23 and expects the demand growth to come back to a normal level of 6 to 7 per cent in the next fiscal year. ”India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the power sector for FY23, […]
Research, Reports & Ratings
Solar module making capacity set to soar 400% by FY25: Crisil – EQ Mag Pro
Mumbai :Local manufacturing of solar modules is set to soar by almost 400 per cent by fiscal 2025 compared to the last financial year with 30-35 GW of fresh module capacity at an investment of Rs 50,000 crore across the value chain, says a report. Rating agency Crisil’s report is based on an analysis of […]
Solar module making capacity set to soar 400% – EQ Mag Pro
Demand, policy, efficiency and competitiveness to drive growth India’s solar module manufacturing capacity is set to gallop by almost 400% higher by fiscal 2025, compared with fiscal 2021, with 30-35 GW of fresh module capacity set to be commissioned following strong demand, favourable policies, likely improvement in energy efficiency, and price competitiveness. A CRISIL Ratings […]
Greenko breaks into the top three ranking of the 100 global Green Utilities in the latest Energy Intelligence Report 2021
Greenko has an installed capacity base of 7.3 GW across solar, wind and hydro generation technologies spread over 100 projects across 15 states and delivering 20 bn units of renewable energy annually that contributes 1.5-2 of Indias total electricity needs. Greenko Group, a leading global Indian company in energy transition, has been ranked third in […]
Solar cell discovery may help speed development of green energy technology – EQ Mag Pro
A finding on perovskite solar cells, which are said to be potentially more effective than silicon solar cells pictured, could help speed the development of green technology. As researchers look for better materials to harness electricity from the sun, an explanation for the efficiency of one promising material — perovskites — has proven elusive. Thanks […]
Epson Earns a Platinum Rating for Sustainability from EcoVadis for Second Successive Year – EQ Mag Pro
Seiko Epson Corporation (TSE: 6724, “Epson”) has earned its second successive platinum rating for sustainability from France-based EcoVadis. The platinum rating, which was established in 2020, indicates that Epson was ranked among the top 1% of companies in the industry. Epson had received a gold rating the previous three years. The platinum rating was awarded […]
Moody’s assigns Ba2 rating to Tata Power; outlook stable – EQ Mag Pro
Singapore : Moody’s Investors Service has assigned a Ba2 corporate family rating to Tata Power Company Limited (The) (Tata Power). The outlook is stable. RATINGS RATIONALE “The Ba2 corporate family rating assigned to Tata Power reflects the company’s (1) predictable cash flow from its regulated business, (2) exposure to thermal coal prices for its Mundra […]
Duty, taxes to lift solar tariffs to Rs 2.6 per unit next fiscal year: CRISIL
Solar tariffs might rise to Rs 2.6 per unit to Rs 2.7 per unit from an all-time low of Rs 2 unit over next fiscal year in the wake of the recent increase in the goods and services tax (GST) on renewable energy equipment, and the proposed customs duty on imported solar modules, according to […]
Rising demand to keep electricity prices elevated in the short-term – EQ Mag Pro
“There was a recovery of demand in all the major manufacturing states such as Maharashtra, Gujarat and Tamil Nadu,” Ind-Ra said in a report. New Delhi : Rising demand is expected to keep electricity prices elevated in short-term. According to India Ratings and Research (Ind-Ra), the all-India energy demand continued to recover in August 2021 […]
ICRA revises up FY22 GDP growth forecast to 9% – EQ Mag Pro
A ramp-up in COVID-19 vaccination, healthy advance estimates of kharif (summer) crop and faster government spending were the factors which led to the revision, the agency said in a statement. Ratings agency ICRA on Monday revised up its 2021-22 real GDP growth estimate for India to 9 per cent from the earlier 8.5 per cent. […]