|

CSEP study warns green tariffs could strain India’s power distribution companies

By

A report by the Centre for Social and Economic Progress (CSEP) highlights potential financial challenges for India’s power discoms from the Ministry of Power’s plan to introduce green tariffs. The green tariffs aim to encourage renewable energy adoption, but CSEP warns that this shift could financially hurt discoms, especially if high-paying commercial and industrial consumers opt for cheaper green energy alternatives.

According to the study, green tariffs could lead to a 15% financial loss of the average cost of green energy supply for discoms. Operational challenges such as ensuring reliable green energy supply further complicate the situation. Additionally, the cost of renewable energy varies across regions, with states like Kerala benefiting from cheaper hydroelectric power, while states like Rajasthan face higher costs due to reliance on wind energy.

CSEP recommends a re-evaluation of the green tariff proposal, citing discrepancies that could exacerbate the financial strain on discoms already under pressure.

Similar Posts

|

EIB and Intesa Sanpaolo launch €8 billion wind sector initiative

By

The European Investment Bank (EIB) and Intesa Sanpaolo have launched an initiative to unlock €8 billion in wind sector investments, as part of EIB’s €5 billion wind energy plan unveiled at COP28. Supported by InvestEU, this will support 32 GW of wind capacity toward the EU’s 2030 renewable energy target of 45%. EIB will provide a €500 million counter-guarantee, enabling Intesa Sanpaolo to establish €1 billion in guarantees for wind farm supply chains and grid…

|

Fortum reports daily cyberattack attempts on its power assets

By

Finnish utility Fortum has revealed that its power assets face daily cyberattack attempts and less frequent surveillance activities, such as drone flyovers. According to CEO Markus Rauramo, disturbances in satellite connections were also noted earlier this year. Fortum, whose assets include hydropower, wind, solar, nuclear, and heat plants, has engaged Finnish authorities to investigate these incidents. The company has implemented precautionary measures, including strict access controls, security services, and emergency drills with local authorities. Fortum’s…

|

Gensol establishes US subsidiary to supply 2,000 MW of solar trackers

By

Gensol Engineering, a key player in the renewable energy sector, has announced the establishment of a subsidiary in the United States, aiming to supply over 2,000 MW of solar trackers annually by 2028.   The new subsidiary, Scorpius Trackers Inc, will be based in California, positioning the company to capitalize on the growing demand for solar energy infrastructure. The U.S. market currently deploys over 25,000 MW of solar trackers annually, making it the largest in the…

|

Ahasolar Technologies secures order for national portal for PM Surya Ghar

By

Ahasolar Technologies Limited has received an order worth Rs 16.5 million from Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to develop an online national portal for the PM Surya Ghar: Muft Bijli Yojana. The portal will manage rooftop photovoltaic (PV) applications and provide capacity-building support to discoms.  The project will also include consultancy support for REC Limited in implementing the scheme, offering training, and coordinating with discoms across India. The order is expected to be completed…

|

PPA and DOE partner to modernize ports for offshore wind development

By

The Philippine Ports Authority (PPA) has teamed up with the Department of Energy (DOE) to support offshore wind project development by upgrading key port infrastructure. PPA will design and repurpose three priority ports: the Port of Currimao in Ilocos Norte, the Port of Batangas, and the Port of Jose Panganiban in Camarines Norte. The Port of Currimao is near 13 offshore wind energy service contracts (OWESCs) with a potential capacity of 9,489 MW, while the…

|

ScottishPower signs £1bn deal with Siemens Gamesa for East Anglia 2 offshore wind farm

By

ScottishPower Renewables has entered a £1 billion ($1.2 billion) agreement with Siemens Gamesa to supply 64 SG 14-236 DD turbines, each rated at 15MW, for the East Anglia 2 (EA2) offshore wind farm off England’s east coast. With a capacity close to 1GW, EA2 will generate enough energy to power nearly one million homes, supporting the UK’s mission to lead in clean energy. The turbines feature 236m rotor diameters, with 115m blades manufactured at Siemens…

Leave a Reply

Your email address will not be published. Required fields are marked *