Category: Renewable

Falling bids may cast a shadow on solar projects

HYDERABAD: It’s not entirely good news that bids for solar projects are falling because they may leave developers with little financial buffer to face challenges such as cost overruns and counter-party delays. Grid curtailment...

DMRC’s Rewa solar power plan runs into trouble

Mumbai: A June order by the power ministry on inter-state electricity transmission charges could affect Delhi Metro Rail Corporation Ltd’s (DMRC) plan to buy power from one of the world’s largest solar power project at...

Sector volatility hurts Suzlon profits

Suzlon Energy reported its lowest quarterly profit in a year as India’s support for auction mechanism to build wind energy projects slowed orders. The profit of 490.8 million rupees (Dh28.1m) during the usually quiet fiscal...

India’s JSW Energy to invest up to $623 million in electric cars

MUMBAI: JSW Energy will invest up to 40 billion rupees ($623 million) to build electric cars, batteries and charging infrastructure, part of the power company’s diversification plans to drive future growth, its chief executive said. JSW plans to roll out its...