India

Commissions 21MW wind project in Rajasthan.

Post 2010, a demand slump following the abolition of feed-in-tariff policies in Italy & Germany caused a supply glut in global markets leading to a fire-sale of solar modules. This, indeed, was the underlying cause for the succession of anti-dumping cases in the US & EU (and now India). Causing a 30-40% drop in solar PV system prices (an all-time low), this, perhaps, accelerated deployment, if anything, in India. The solar market boom had begun.

Could achieve this faster than solar and wind power energy.

The plant in Jawaharnagar, Hyderabad will be capable of producing 48 megawatts.

Growth of 1250% from 2000-2010 in jeopardy.

Prime Minister Manmohan Singh expects this capacity to hit 55,000 MW by 2017.

Needs technology for grid integration of renewable energy and rooftop solar panels in urban areas.

Will focus on solar technology for oil and gas projects.

Energy is pivotal to the growth of a country’s economy. India’s robust and sustained growth has resulted in strong demand for clean and economical energy resources.

India is the fourth largest electricity network in the world with a gross generation capacity of 211 GW. The country which is growing at an average GDP growth rate of 6% plans to add 88,000 MW by the end of the current five-year plan (2012-2017).

Bonds used are backed by the State Bank of India.

Government sets a goal of slashing crude oil imports by half by 2020.

Obtaining a Power Purchase Agreement (“PPA”) with a highly rated, financially strong electric utility is one of the key success factors for the financing of a growing pipeline of waste-to-energy (“WTE”) plants across India.

Project at Rajasthan has a capacity of 50 megawatts.

Is it really possible?

Onset of summer and new restrictions by electricity regulator to blame.