Falling Module Prices To Ensure Record Solar Capacity Addition in FY24- CRISIL Updated On Tue, Nov 21st, 2023 by Saurenergy Ratings and research agency CRISIL has weighed in on the impact of falling solar module prices. A steady decline in the price of solar modules since October 2022 will boost the internal rate of return (IRR) of 45 GW of utility-scale solar project pipeline1 awarded since fiscal 2021. This, in turn, will propel solar capacity […] Read more
Repowering Old Wind Turbines Could Usher INR 40,000 Cr Investments Updated On Thu, Jan 12th, 2023 by Saurenergy The Ministry of New and Renewable Energy (MNRE) recently made the announcement it will be looking at the repowering of wind power plants that are old. Wind power plants that boast of more height have more height and efficiency hold the potential to lure in INR 40,000 crore of investments. This, in turn, could go […] Read more
RE Firms’ Receivables to Dwindle by 20% in FY23: CRISIL Updated On Wed, Sep 7th, 2022 by Saurenergy In a significant revelation, as per a CRISIL ratings, the leading renewable energy companies’ receivables will shrink by 20% this fiscal year. Leading RE companies may anticipate their receivables to decline by a fifth, from 180 days a year ago to 140 days in March next year, CRISIL has said. This trend was last seen […] Read more
Adani Green Earnings Call Q1 FY23: Operational Capacity Growth Up To 5800 MW Updated On Thu, Aug 4th, 2022 by Saurenergy Kev revelations were made during the Q1 FY23 earnings call of the green arm of Adani Enterprises, Adani Green Energy Limited (AGEL). Here is a look at them- Capacity Growth On An Upward Trend The operational capacity growth on YoY basis has shot up by 65% to 5800 MW. This growth has been attributed to […] Read more
Proposed Scheme On Discom Dues Could Lead To Rs 9,000 Crore Flow Towards RE Developers Updated On Thu, Jun 23rd, 2022 by Saurenergy Leading ratings firm CRISIL estimate that the proposed scheme for liquidating discom dues could be a windfall for RE developers, among others. Rs 9,000 crore over the next two fiscals could be released for RE developers, states the firm. This could majorly impact the receivables period of leading RE gencos of 40-50 days from the […] Read more
Dearer Module, Steel And Freight Will Hit 5 GW Solar Capacity: CRISIL Updated On Thu, May 26th, 2022 by Saurenergy Rise in prices of solar modules, freight and steel will have an adverse impact on 5 GW solar capacity. The solar modules by and large contribute in the range of 55-60 per cent to the cost of a solar project and its price has increased by 40 per cent from January last year to March […] Read more
CRISIL Says Electric Vehicles Present Rs 3 lakh crore Opportunity for India by 2026 Updated On Wed, Apr 13th, 2022 by Saurenergy Ratings and research company CRISIL has come out with an analysis that the electric vehicles (EVs) present an opportunity of about Rs 3 lakh crore for various stakeholders in India in the five years through fiscal 2026. CRISIL says that the original equipment manufacturers (OEMs) and component manufacturers will have potential revenue of about Rs […] Read more
PLI scheme to account for 13-15% capex in key industrial sectors over 3-4 years: Crisil Updated On Thu, Mar 24th, 2022 by Saurenergy Production Linked Incentive (PLI) scheme will account for 13-15 per cent of the average annual investment spending in key industrial sectors over the next three-four years, according to a report by Crisil. Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune of Rs 1.93 lakh […] Read more
Solar Module Making Capacity Set to Soar 400% by FY25: Crisil Updated On Fri, Jan 21st, 2022 by Saurenergy India’s solar module manufacturing capacity is set to rise by almost 400 per cent by fiscal 2025, compared with fiscal 2021, said ratings agency Crisil. The trend will be supported via strong demand, favourable policies, likely improvement in energy efficiency, and price competitiveness, it said. Besides, with the government supporting domestic manufacturers through policy measures, […] Read more
