Tags: Crisil

Wind-solar hybrid capacity of around 15 GW to come up in 5 years: Crisil

Ratings agency Crisil in a statement said as the government continues to focus on increasing the share of renewable energy in the country, nearly 15 GW of wind-solar hybrid capacity is expected to come up over the next five years. Out of this 15,000 MW, works on nearly 10,000 MW are already either under construction […]

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What CRISIL says about MNRE’s decision to remove tariff caps from renewable energy tenders

Research agency CRISIL recently in a statement said that The Ministry of New and Renewable Energy’s (MNRE) decision to remove tariff ceilings from renewable energy tenders will give the stressed industry a much-needed leg-up. Renewables capacity addition dropped to ~9 GW in fiscal 2019, compared with 11-12 GW over fiscals 2017 and 2018, and remained […]

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Electric Two Wheelers and Three Wheelers sales to shoot up by 2024: Crisil

Around 43-48 percent of new three wheelers and up to 17 percent of the new two wheelers sold in the country by 2024 could be Electric Vehicles (EVs), a report by Crisil Research said In the four wheeler segment, however, the traction is expected to remain low with EV sales accounting for just 5 percent […]

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Renewable energy companies manage payment delays for now

Leading renewable energy producers are managing the stress arising from payment delays by distribution companies (discoms) in Andhra Pradesh and Telangana because of their diversified operations and financial flexibility. However, prolonged delay in resolution of the issues can hurt credit outlook of the sector and moderate investor sentiment. CRISIL analysed leading 10 companies which have […]

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MNRE downplays CRISIL’s recent report on renewable energy target

The Ministry of New and Renewable Energy (MNRE) has denounced a recent Crisil report that stated the ministry may miss the renewable energy target by 42 per cent, and asserted that the clean power capacity by 2022 will exceed the goal of 175 GW. The ministry termed the report as “ill founded”, factually incorrect and […]

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Safeguard duty reimbursement may restore returns for 5.4 GW solar projects

The Central Electricity Regulatory Commission’s (CERC) recent order entitling the developer of Bhadla solar park projecti to reimbursement of safeguard duty would set a beneficial precedent for as much as ~5.4 GW of solar projects. Potentially, this can add back 190-220 basis points (bps) to project equity returns. After the safeguard duty was imposed on the […]

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Inconsistent govt actions cast shadow over solar energy developers: CRISIL

Inconsistent government actions cast a shadow over solar energy developers’ sentiment and slowed down capacity addition momentum, a report by CRISIL Research said Monday. India has set an ambitious target of having 175 GW of renewables including 100 GW of solar energy by 2022. The outlook for solar energy development in the country is constrained […]

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Safeguard duty may delay 12,000 MW underway solar projects

Imposition of safeguard duty is likely to result in some delay in project implementation of nearly 12,000 MW of under-construction solar capacities, rating agency Crisil Research said. As per Crisil’s analysis, a 25 per cent safeguard duty entails a rise in capital costs by 15-20 per cent, which would have a 30-40 paise per unit […]

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India May Not Reach Its Ambitious 100 Gw Solar Power Target By 2022: Crisil

 Crisil in a report published in Mint said it expected an additional 56-58GW of solar capacity addition between FY19 and FY23. Currently, India has a capacity to generate 21.65 GW of solar power. 7.3 GW is under construction, based on already allocated schemes, another 1.7 GW is expected to be tendered and allocated over […]

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