Girish Madan from Fitch Ratings discusses the rise in profits for Gencos through factors like lower commodity prices and reduced solar module prices. He emphasizes the ongoing shift towards renewable generation in the power sector for enhanced profitability. He says: "Going forward, we see some push on the renewable as well as on the thermal power generation front."
The Niti Aayog is conducting an analysis to estimate the potential gap between states renewable energy capacities and their future electricity needs under existing purchase obligations. This initiative aims to assist states in planning their power resources effectively. The assessment considers states capabilities in solar, wind, and hydro energy, projecting their ability to meet renewable purchase obligations independently or rely on other states.
BluPine Energy, a subsidiary of Actis, has acquired solar power assets from Acme Group for an enterprise value of ₹1,700 crore. The deal, involving 14 special purpose vehicles, will add 312 megawatts of solar capacity to BluPine Energy.
“We expect that going forward every year Tata Power will be adding about 2-2.5 GW of renewable capacity. And to make the renewable capacity 24x7 available, we are setting up a pumped hydro plan. Our plan is to set up a 2,800 MW of pumped hydro, 1000 MW at Bhivpuri.”