The Policy can be accessed?here.
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The press release can be accessed here.
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]]>If the National Democratic Alliance approves the proposal then India would be looking to building a total of 350 GW of solar and wind power by 2030. This ambitious target will help India offer a 35% reduction in the greenhouse gas emission intensity of its economy below 2005 levels by 2030.
The above update has been taken from Business Standard’s article published on 22nd September, 2015 which can be accessed here.
]]>The directive comes in continuation to commitment given by Hon’ble CM of TN –??that there would be no scheduled power cuts in the state and also grated “must-run” status to all windmills.
A statement from Raj Bhawan reads –
“In exercise of the powers conferred by sub-section (1) of Section 11 of the Electricity Act, 2003 (Central Act 36 of 2003), the Governor of Tamil Nadu hereby rescinds the Energy Department Notification No. II(2)/EGY/104(c)/2009, published at page 1 of Part II—Section 2 of the Tamil Nadu Government Gazette, Extraordinary, dated the February 17, 2009,”
Following this directive it can be expected that power business in Tamil Nadu becomes more competitive with time.
]]>Wind power producers have been making huge losses as TANGEDCO continues to discard the power that is being generated from these wind machines. But a positive side as a consequence of this, seems to be tilting in favour of forecasting & scheduling. Hon’ble CERC had recently barred all commercial settlements envisaged under the RRF mechanism.
Wind power producers (in same article) are betting on forecasting & scheduling to serve as a saviour for them. They say that an estimated declaration of power to be injected, beforehand, is expected to address most issues of TANGEDCO.
More on RRF mechanism can be learned by visiting the following links –
]]>Another important statement given with respect to the fledgling wind energy market in India was to reinstate the withdrawn accelerated depreciation mechanism. Hon’ble minister was spotted saying that the proposal for reinstatement would be taken up to the cabinet and the same will be pushed. He also asserted that MNRE has taken cognizance of the predicament of investments in wind energy and how the same is affecting the small and medium scale enterprises, which house a high capacity of captive wind power in the nation. Our blog-post on petition filed by IWPA recently can be assessed?here.
Relevant media articles –
]]>According to a study by Bloomberg, DLF (a property developer company) agreed to sell 217 MWs of projects for 5.23 billion rupees. Ushdev Power Holdings Limited has plans to boost its wing generation capacity and is in talks with Suzlon Energy Limited to acquire 400 MWs over the next 15 months. A detailed article by Bloomberg, can be assessed by clicking?here.
In the past few days there have been various petitions filed by wind bodies like IWPA requesting to reinstate the accelerated depreciation scheme (Click Here). WEGs are looking for an urgent regulatory push from the government to regain the sector’s sheen.
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