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Energy Power, Solar, Tender
In A First, Indian Developer Seeks Buyers For 1 Gigawatt Of Solar Power Through Auction

We have covered numerous stories on tenders issued by the Solar Energy Corporation of India and several state governments in India to invite project developers to set up solar power projects at the cheapest tariff possible. In a first, an Indian project developer has issued a tender inviting consumers to purchase solar power. 

India’s largest power generation company and government-owned NTPC Limited has issued a tender inviting consumers to purchase solar power. This is a first-of-its-kind tender as to date only consumers (or agencies representing consumers) have issued tenders inviting developers to set up projects. NTPC is reported to have around 1.8 gigawatts of renewable energy capacity operational in India. 

NTPC has itself issued several tenders inviting developers to set up large-scale projects at solar power parks. Like its thermal power plants, NTPC looks for distribution utilities that are willing to buy solar power from these solar parks. Power is then sold at the tariff quoted by project developers to the distribution utilities, with NTPC playing little to no part in the transactions. 

Neither the central government nor any of the state governments are believed to have issued any policies that allow or promote tenders like the one issued by NTPC. However, the company may have issued it for a couple of reasons. 

We covered a story in 2017 regarding the troubles NTPC was having to find a buyer for 250 megawatts of solar power project that it had allocated to a subsidiary of Engie in India. The distribution utilities that were supposed to buy power from the project had refused to signed a PPA with the power plant claiming that they had already contracted sufficient solar power to meet their Renewable Purchase Obligation (RPO). Given the involvement of an international investor in this project the development would surely have caused an embarrassment to NTPC and it may be looking to avoid such situations in the future. 

Second, the tender issued is meant only for government-owned and public sector companies. These companies have been mandated by the central government to procure renewable energy to meet RPO targets. This offers NTPC a huge market. According to a Bombay Stock Exchange portal, there are 257 operational public sector companies under the central government. Being a public sector company itself NTPC should not have any major problems in getting into long-term power supply contracts with other public sector companies. Already, companies and entities like Coal India, Indian Railways, and others have announced plans to set up large-scale solar power projects.

The tender could potentially prove highly beneficial to the PSU companies as well, especially those that have no captive generation of their own. Industries and commercial establishments in India are charged the highest electricity tariffs in India in a bid to subsidize the energy consumption in the agriculture sector. With solar power tariffs currently hovering around 2.50-2.70/kWh (3.59¢/kWh-3.88¢/kWh) the end-consumers could make a substantial saving in their energy bills, and NTPC could earn a huge margin on sales.

Source: Clean Technica 
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Energy Power, Solar
Ladakh admired for its awe-inspiring landscape and pristine beauty — is all set to create a huge mark in the sustainable energy arena. The region will have the world’s largest single-location solar photo-voltaic plant.

The mega-project would provide electricity for the region and also focus on preserving glaciers and reduce around 12,750 tonnes of carbon emissions every year. Apart from which, the project is also all set to employ people who find it difficult to get a job.

Solar Energy Corporation of India (SECI), under the renewable energy ministry, is reportedly promoting around 5,000 MW (megawatt) and 2,500 MW solar power projects in Ladakh and Kargil. The solar power projects in Ladakh and Kargil are estimated at an investment of Rs. 45,000 crore and are expected to be completed by 2023.

The Ladakh project would be located at Hanle-Khaldo in Nyoma, which is at a 254 km distance from Leh. The power that would be generated by the project would go to Kaithal, Haryana for which a 900 km line would be laid along the Leh-Manali road.

The administrations of Leh and Kargil respectively have reportedly nominated 25,000 and 12,500 acres of non-grazing land on “remuneration” prices for hill council. This would be about 12000 per year with an annual growth of 3%. In the context of challenges, the builders of the mega project may find the terrain and weather conditions difficult. SECI director (power systems) SK Mishra said that identification of land was a big relief for prospective promoters, who were gung-ho during a site visit in spite of the isolated locations and hostile weather.

Meanwhile, the power plant is expected to be a promising future for the locals, and many would be able to take up jobs like maintaining transformers and cleaning solar panels. The projects are also expected to augment development in the remote border regions.

Source: solarpower.com
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Energy Power, Solar
Does Solar Panel Temperature Coefficient Matter?
If you are trying to maximize the amount of energy that your solar panel system can generate, then your solar panel’s temperature coefficient is something that you want to be familiar with. Your solar panel’s temperature coefficient has to do with the influence that the panel’s temperature has on its productivity.

Solar Panel Temperature Coefficient
The temperature of your solar panel has a direct effect on its ability to generate electricity. This has to do with the laws of thermodynamics and how heat limits any electronics ability to produce power.

For solar panels, this impact is reflected through the temperature coefficient, which is expressed as the percentage decrease in output for every 1 degree celsius (°C) increase in temperature from 25°C (77°F). Solar panels are tested for their efficiency at 25°C, and that is why this is used as the reference point.

Does is Matter For your solar project ?
A solar panel’s temperature coefficient is not the only factor that influences a panel’s overall power output, but it is a good starting point for calculating a more realistic level of production for your specific setup.

When you are choosing the best solar panels for your project, you can think of how hot your panel may get and use that to estimate how efficient they will be on the rooftop. The good thing is that unless your solar panels are exposed to an exorbitant amount of heat, the decrease in efficiency will likely be negligible, even on a hot summer’s day.


If your roof is designed to absorb a massive amount of heat, and you are also living in a location that can see temperatures of 43°C or higher frequently throughout the summer, the loss will be greater, but still not so severe that it will make a long-term impact on your energy savings.
  
How to minimize solar panel efficiency loss
Within the scope of the solar panel’s temperature coefficient, the primary way to mitigate loss in efficiency is through the reduction in temperature of your solar panels. Here are some of the factors that influence the panel’s temperature:

The type of solar panel installation has a direct effect on the panel’s temperature. 

The material of your roof can have an impact on the solar panel’s temperature.
Certain rooftops absorb more heat than others.
Make sure to take into account your roof type when making your analysis.



To know more about which panel to choose for your solar project, feel free to request a consultation with our advisors by calling 011-43536666 or email info@ornatesolar.com


Source: pickmysolar.com
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Solar
NEW DELHI: India will double the target for energy to be generated from solar parks by 2020, a top government official said, as roof-top installations progress slower than anticipated and U.S. company SunEdison’s projects are threatened by its bankruptcy. The solar parks are sought after by companies because the Indian government acquires land for the installations and sets up transmission lines, major attractions in a country notorious for red tape and public opposition to land transfers.
Debt-heavy SunEdison was one of the first companies to be drawn into the programme to encourage solar use, bidding aggressively to win a 500 megawatt (MW) project in Andhra Pradesh state in India’s south last November. But after its bankruptcy, SunEdison has been forced to initiate stake-sale talks with companies like Adani Group and Finland’s Fortum Oyj for funds, according to sources. “We are adding 25 more solar parks to create a buffer for exigencies like SunEdison,” Upendra Tripathy, secretary at the Ministry of New and Renewable Energy, told Reuters on Monday. “Solar parks are a hit with companies. A lot of them are interested.” Tripathy declined to name any companies. But the new generation target of 40,000 megawatts for solar parks was likely to be approved by Prime Minister Narendra Modi’s cabinet in two months, he said in an interview in his office.

Pashupathy Gopalan, president of SunEdison Asia Pacific – which focuses mainly on India – did not immediately respond to calls for comment. He has previously said the company would stick to its India growth plans.  Analysts said it was doubtful any rival would pick up the Andhra Pradesh project at the aggressive power prices promised by SunEdison. Once the fastest growing renewable energy developer in the United States, SunEdison beat out 29 other bidders for the solar park with a record-low tariff of 4.63 rupees per kilowatt-hour. Japan’s Softbank Corp, Taiwan’s Foxconn and India’s Bharti Enterprises have pledged to invest a total of about $20 billion in India’s renewable sector.
Global solar giants like First Solar Inc, Trina Solar Ltd and Fortum are also expanding their presence. Modi wants India’s solar capacity to jump nearly 30 times from 2014/15’s levels to 100 gigawatts by 2020. Last month India secured a loan of more than $1 billion from the World Bank for its ambitious solar programme. Total investment needed for the solar goal is around $89 billion, according the Ministry of New and Renewable Energy. India wants renewable energy, excluding hydro-electricity, to contribute 8 percent of the energy mix by 2022, up from 5.7 percent early this year.

Source :
The Economic Times, 18/07/2016

http://economictimes.indiatimes.com/industry/energy/power/government-doubles-down-on-solar-parks-after-sunedison-setback/articleshow/53264363.cms
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Solar
NEW DELHI: Mercom Capital Group today said corporate funding into the solar sector in April-June quarter fell to $ 1.7 billion, a 41 per cent drop compared to the $ 2.8 billion raised in Jan-March period of 2016.

Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the solar sector in the second quarter of 2016.

Total corporate funding, including  including venture capital funding, public market and debt financing into the solar sector in Q2 2016 fell to $ 1.7 billion this quarter, a 41 per cent drop compared to the $ 2.8 billion raised in Q1 2016, it said.

Mercom Capital further said that the year-over-year total corporate funding was down significantly compared to $ 5.9 billion in the second quarter (April-June) of last year.

“The solar industry continues to experience weakness in terms of financing activity, and corporate funding in Q2 2016 was at its lowest level in three years,” CEO and Co-Founder of Mercom Capital Group Raj Prabhu said in a statement.

Global solar VC funding (including private equity) saw a large decline this quarter with $ 174 million in 16 deals compared to $ 406 million in 23 deals in Q1 2016.

Year-over-year (YoY) VC numbers were slightly better compared to Q2 2015 with $ 142 million in 24 deals.

Solar downstream companies raised the most (64 per cent) VC funding in Q2 2016 with $ 112 million in seven deals. A large part of the total came from the $ 100 million raised by Silicon Ranch from private equity firm Partners Group.

Other VC deals this quarter included the $ 20 million raised by Tigo Energy, 1366 Technologies’ $ 15 million raise, and the $ 12.5 million raised by Sol Voltaics. A total of 21 VC investors participated in funding deals.

Solar public market financing in Q2 2016 came to $ 179 million in four deals compared to $ 94 million in four deals in the first quarter of 2016 and $ 2.3 billion in 12 deals in Q2 2015.

According to the report, Tata Power Renewable Energy (TPREL), a Tata Power subsidiary and a renewable energy project developer, acquired Welspun Renewables Energy’s (WREPL) 1,140 MW renewable energy project pipeline for $ 1.38 billion.

CLP India, a subsidiary of Hong Kong based CLP Group, bought a 49 per cent stake in Suzlon Energy’s 100 MW solar project in Veltoor, Telangana, with an option of acquiring the 51 per cent stake balance in the future.

Amplus Energy Solutions (Amplus Solar), an Indian solar installer and a portfolio company of I Squared Capital, acquired SunEdison’s 7 MW rooftop solar project portfolio in India.The projects are spread across the states of Maharashtra, Karnataka, Tamil Nadu and Delhi.

Source : Economic times, 11th July 2016,
http://economictimes.indiatimes.com/articleshow/53161355.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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