Tags: ICRA

Delhi EV Policy 2020 augurs well for overall development of EV industry: ICRA

Recent Electric Vehicle (EVs) Policy 2020, finalized by the Government of National Capital Territory (NCT) of Delhi augers well for the overall development of the EV industry, said ICRA in a report. The policy seeks to drive the rapid adoption of battery electric vehicles (BEVs) with the goal of reducing air pollution in the Nation’s […]

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India’s 175 GW renewable energy target to fall short by 28 percent : ICRA

Renewable capacity addition in the current fiscal is expected to be subdued at 8 GW given the continued execution challenges amid COVID-19 pandemic, says Icra. According to the ratings agency, India’s renewable capacity is expected to reach 125 GW of by December 2022, nearly 28 per cent lower than the government’s renewable energy target of […]

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India’s solar capacity addition during FY21 to come down by 15 per cent: ICRA

The rating agency ICRA in its new report revealed that India’s domestic solar capacity is expected to add about 5.5 gigawatt (GW) during the financial year 2020-21 (FY21) due to the execution headwinds amid lockdown restrictions post-COVID pandemic. ICRA said that the domestic solar capacity addition in FY20 remained lower by 15 per cent than […]

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Renewable energy developers remain exposed to regulatory risk: Icra

Renewable energy developers having a significant exposure to third-party power purchase agreements remain exposed to regulatory risks as open access charges in such pacts are likely to increase to mitigate the cash flow issues of discoms in the wake of COVID-19 pandemic, says Icra. Third party PPA refers to an arrangement where a renewable energy […]

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Wind energy capacity addition likely to be subdued this FY: ICRA Report

ICRA in its new report said that wind energy capacity addition will likely be subdued this financial year amid challenges like payment delays from discoms and a tight financing environment. Though on a year-on-year basis, capacity addition is likely to improve to about 2.5 GW in FY2020, from 1.6 GW in FY2019, achieving the 60 […]

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ICRA revises outlook for RE sector to negative amid delays in project execution

Ratings agency Icra on Monday revised its outlook for India’s renewable energy sector from stable to negative amid delays in payments from discoms and execution of projects. The sector is facing headwinds because of the long delays in making payments by the state distribution utilities, delays in projects bid out over the past two years, […]

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Thermal power plants PLF remains subdue with increasing renewable generation: Study

Progress on stressed thermal power asset resolution remained slow as only 10 per cent of affected generation capacity witnessed resolution despite several steps taken by the government and lenders, ICRA said on Wednesday. Thermal power plants PLF (plant load factor or capacity utilisation) levels remain subdued with the increasing renewable generation and modest demand growth, […]

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India to see over 7 GW solar power capacity addition in 2019-20: ICRA

ICRA on Tuesday said that it has estimated 7-7.5 GW solar power capacity addition during the current financial year, which includes 1 GW of rooftop solar. “The domestic solar power capacity addition is expected at around 7 GW to 7.5 GW (including around 1 GW of rooftop solar capacity) in FY 2020 as per an […]

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Wind power capacity addition to improve in near term: ICRA

Wind energy sector’s capacity addition will improve in near term, while the bid power tariffs in the recent wind power auctions inched upwards, an ICRA report said on Wednesday. The wind energy sector has witnessed project awards of 10 GW between February 2017 and September 2018 by central nodal agencies like the Solar Energy Corporation […]

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Safeguard Duty on solar cell imports may not lead to big capacity

The government’s move to impose safeguard duty on solar cell imports for two years may not lead to a significant increase in the solar cell/module manufacturing capacity in the near term, according to Icra. However, it may result in an increase in the capital cost for a solar power project by 15 per cent, which […]

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