A few factors contributing to this trend are low cost of funding; eagerness to enter Indian solar market due to weak markets in other regions, suggests Abhay Raina, Head Solar, Hero Future Energies
What factors are involved considering the decline is over 25% since mid-2015?
There has been considerable change in the way we are designing our plants now. Every element is getting optimised and more competent. Decline in module prices have played a vital role. Also, guaranteed off-take contributed to this and gave confidence to the developers to invest in solar parks. We have observed that several foreign players have been bidding aggressively. Few factors contributing to this trend are low cost of funding; eagerness to enter Indian solar market due to weak markets in other regions. Scrapping of few NTPC projects also may have contributed to this drop in tariffs.
Given such drastic tarrif decline, have investors adequately calculated and provided risk free funds?
I don't feel any investor would bid aggressively just to win and would have taken all precautions to see that their expectation of Internal Rate of Return (IRR) is sustainable. Few companies that are funded by foreign private equities (PEs) may take a more aggressive stance in future bids also.
Private sector players with long-term PPAs have problems with discoms. Do you think this has been examined?
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Projects With Tariff of ₹4.63 Seems Like A Luxury
A few factors contributing to this trend are low cost of funding; eagerness to enter Indian solar market due to weak markets in other regions, suggests Abhay Raina, Head Solar, Hero Future Energies
Design Savvy
Solar Today explores the benefits of Royal DSM’s durable, high-performance, fluorine-free PV backsheets in India’s budding solar market.
The Push And Pull
There is a need to find innovative solutions or financial models to address basic challenges like funding, lower bid values and state discom payment issues, feels PR Jaishankar, Chief General Manager, India Infrastructure Finance Company Ltd. (IIFCL).
We Were Instrumental In Bringing Down BOS Costs Tipfor Solar In India
Arif Aga, Founder and Managing Director, SgurrEnergy India.
Pump Up The Tempo
The thrust for solar will continue in 2017 and will in fact mark India’s entry to the list of largest markets in the world. With large scale capacity allocations, increasing investment, falling module prices and declining tariffs, the sector is expected to grow 80 per cent more than 2016.
Power To Empower
Improving access to proper lighting is critical. It increases income generation potential and also has a positive effect on school performance. Through providing households with better quality lighting, off-grid energy solutions have much broader social, environmental and economic impacts.
