Tag Archives: financial closure

India Banks Face Solar Setback As Projects Delayed, Fined

Posted on June 14, 2012 by Ritesh Pothan

Banks may restrict loans to Indian solar projects after the government fined 13 projects for delays, including one owned by Indian Oil Corp. (IOCL) An inquiry found 13 of 20 projects in northwestern Rajasthan state missed their deadline, according to … Continue reading →

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Australian Carbon Tax Legislation has now been passed and will convert into an emissions trading system in 2015

Posted on November 15, 2011 by Ritesh Pothan

For all those Renewable Energy Projects who have written off carbon credits as a funding mechanism should take heart in the form of the Australian Carbon Tax legislation which allows for purchase of carbon credits from outside Australia post 2015, … Continue reading →

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The Indian Solar Saga Part 2 of 3 – Central and State Grid Solar Policies

Posted on August 17, 2011 by Ritesh Pothan

In part 1 of the 3 part series we have covered the Indian power generation scenario and Gujarat Solar policy with insights on pros and cons of the state. In this post we will cover the Central Government Policy as … Continue reading →

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JNNSM solar projects with confirmed financial closure exceeds 500 MW, Mr Anil Agarwal, Chief Executive Officer, (NVVN)

Posted on July 18, 2011 by Ritesh Pothan

The Hindu Business line reports that the total capacity of all the projects that have confirmed financial closure exceeds 500 MW, Mr Anil Agarwal, Chief Executive Officer, NTPC Vidyut Vyapar Nigam (NVVN) – the nodal agency for conducting the selection process for the … Continue reading →

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Only half of JNNSM projects under reverse bidding have been able to secure financial closure

Posted on July 17, 2011 by Ritesh Pothan

PV Magazine has reported that only half of the projects allocated under the Jawaharlal Nehru National Solar Mission (JNNSM) have achieved financial closure and the remaining Power Purchase Agreements stand cancelled. Documented proof of financial closure is required by the … Continue reading →

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The Indian Solar Saga Part 2 of 3 – Central and State Policies

Posted on July 5, 2011 by Ritesh Pothan

The 2nd part of the series is now available on my Renewable Energy Magazine Blog and details the current state of Jawaharlal Nehru National Solar Mission JNNSM projects with insights as well as an overview of a few key solar … Continue reading →

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The Indian Solar Saga Part 1 of 3 – Grid connected Policy Framework

Posted on July 4, 2011 by Ritesh Pothan

In every major city in India, smog is a constant companion. Burning of fossil fuel to power vehicles, homes, industries, and ward away insects as well as the cold have created a tremendous deficit in the human aspect of living. … Continue reading →

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New REC forebearance price target for next control period beginning 1st April 2012 announced

Posted on June 29, 2011 by Ritesh Pothan

A new order released by the Central Energy Regulatory Commision (CERC) has reduced the REC prices for both Solar and Non-Solar Renewable Energy Certificates (REC) with effect from 1st April 2012. The most significant reduction is of the Solar REC forbearance prices … Continue reading →

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The Indian Solar Saga Part 1 of 3 – Grid Connected Policy Framework

Posted on June 9, 2011 by Ritesh Pothan

My articles on Renewable Energy in India will feature first on Renewable Energy Magazine, before they are posted to my blog in a couple of weeks. Please do visit the blog for my article titled – The Indian Solar Saga … Continue reading →

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My blog will now also be available at http://renewableenergymagazine.com

Posted on May 31, 2011 by Ritesh Pothan

Any new articles I write, will now be posted a couple of weeks earlier on Renewable Energy Magazine before they are posted here. Please do visit The Renewable Energy Magazine website for the latest articles Regards Ritesh

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Will REC’s be the solution for grid based renewable projects in India

Posted on May 21, 2011 by Ritesh Pothan

The REC (Renewable Energy Certificate) mechanism was introduced last year with the intent to subsidize the market for renewable energy power though these certificates have only started trading in the month of March 2011. There have been numerous conferences on … Continue reading →

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