New Delhi : With a strong pick up in the adoption of electric two-wheelers which is translating into robust sales of e-two wheeler companies, there is also a possibility of electric scooters becoming costlier by Rs 45,000 in fiscal 2025, says a Crisil report, which can be offset by the Production Linked Incentive (PLI) for […]
Share of round-the-clock plants to be over 5 per cent of renewable mix by 2025: CRISIL – EQ Mag Pro
The share of round the clock (RTC) plants1 in the overall renewable (RE) capacity mix will increase from nearly nil today to over 5% by calendar 2025. This will be driven by expected tariff reduction of nearly 12% over the next two fiscals and an ability to provide power at a pre-determined schedule — currently […]
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 […]
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 […]
Draft Open Access Norms Can Be A Tailwind For New Renewable Projects: CRISIL – EQ Mag Pro
It said that the draft rules aim to provide clarity on open access charges and will help streamline the overall approval process New Delhi : The Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021, announced by the Ministry of Power, if implemented, could improve the certainty of cash flows for new […]
Discom Losses to Be 40 Per Cent Above Pre-Pandemic Levels: Crisil
It added the costs are also likely to surge primarily because of higher interest burden because of ballooning debt New Delhi : Cash losses of power distribution companies (discoms) will remain elevated at around Rs 46,000 crore this fiscal, or 40 per cent higher than the Rs 33,000 crore seen in the pre-pandemic levels of […]
About 7 GW of Unsigned PSAs Pose Risk to Renewable Energy Targets: CRISIL
This capacity is yet to be signed because subsequent auctions saw tariffs plummeting and even falling below Rs 2 in December 2020. New Delhi: Delays in power supply agreements (PSAs) for about 7 gigawatt (GW) of the bid out renewable energy projects might lead to 35 per cent shortfall in the 160-GW renewable energy capacity […]
7 GW of Unsigned Power Supply Agreements Pose Risk to RE Targets: Crisil
Delays in power supply agreements (PSAs) for 7 GW of the bid out renewable energy projects is one of the main reasons that may lead to 35 per cent shortfall in 160 GW renewable energy capacity target. Delays in power supply agreements (PSAs) for 7 GW of the bid out renewable energy projects is one […]
Global Infrastructure Partners’ Indian renewables platform gets ‘‘Provisional CRISIL AAA/Stable” rating
Vector Green Energy, the Indian renewables platform wholly owned by funds managed by Global Infrastructure Partners (“GIP”) in India, has been awarded the highest rating of ‘AAA/stable’ by CRISIL for a group of its solar power generating plants (“Restricted Group”). As per CRISIL – “Instruments with this rating are considered to have the highest degree […]
Payment risk from discoms resurfaces for wind projects in four states: CRISIL
Added that sustained delays could put Rs 30,000 crore of debt in stress New Delhi: Payment risk from discoms has resurfaced for wind power projects, with Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh toting up dues of Rs 5,450 crore to 156 renewable projects as of January 2021, according to CRISIL. It added that this […]
