Solar power tariff drops to all-time low of Rs 2.62 per unit

Plan B where fossil-fuel plant and government abatement contracts lend renewables a helping hand

Plan B where fossil-fuel plant and government abatement contracts lend renewables a helping hand

The tariff has dropped to Rs 2.62 per unit lower than NTPC's coal-based power tariff of Rs 3.20 per unit.

Recently, a tender for 250 MW of solar power generation capacity in Kadapa, Andhra Pradesh got a record-low bid of INR 3,150 per MWh from Solairedirect, a unit of French utility Engie (EPA:ENGI).

Auctions were carried out for 250 mw of solar power in Bhadla Phase-IV Solar Park, where the base price for the auction was set at Rs3.01 a unit by SECI.

SBG Cleantech is the joint venture of Japan's Softbank, Taiwan's Foxcomm, and Bharti Airtel.

Altogether, 750MW solar power projects are on offer at the park.

EasyJet plc (EZJ) Stock Rating Reaffirmed by Barclays PLC
The Wisconsin-based Timpani Capital Management Llc has invested 1.91% in the stock. 394,309 are held by Credit Suisse Ag. With 995,300 avg volume, 1 days are for Netease Ads (NASDAQ:NTES)'s short sellers to cover NTES's short positions.

Avaada Power is promoted by Vineet Mittal and is his second innings in India's clean energy space after Tata Power Co.

The Adani Renewable Energy Park - a joint venture between the Adani Group and the Rajasthan government owned Rajasthan Renewable Energy Corporation Ltd (RRECL) - is located at Bhadla, a site that enjoys the highest solar radiation in the country. Ltd bought the entire 1.1 gigawatt (GW) renewable energy portfolio of Welspun Energy Ltd for $1.4 billion previous year.

Alternative Energy Development Board (AEDB) has issued seven Letter of Support (LOS) and 17 Letter of Intent (LOI) for various solar projects which will generate a total 556.52 MW electricity.

The tumbling price of solar energy also increases the likelihood that India will meet - and by its own predictions, exceed - the renewable energy targets it set at the Paris climate accords in December 2015.

The auction for this 500MW capacity being developed by Saurya Urja Co. of Rajasthan Ltd on 11 May is now eagerly awaited, with experts being of the opinion that the tariffs may fall further.

South Korea: Moon vows to address North Korea, broader tensions 'urgently'
The North's increasing threat may make the USA less tolerant of policy differences with Seoul than in the past, he said. In one of his first acts as president, Moon spoke by telephone with Chairman of the Joint Chiefs of Staff Lee Sun-jin.

Ensuring it generates as much of that energy as possible from renewable sources is considered crucial to limiting catastrophic global temperature increases.

Similarly, four solar projects of 400 MW capacity have already been operationalized and these projects are M/s QA Solar Pvt Ltd, M/s Appolo Solar Pakistan, M/s Crest Energy Pakistan and M/s Best Green Energy Pakistan Ltd (Quaid-e-Azam Solar Park Bahawalpur). It is to be seen if the tariff falls even lower at this auction. However, the levelised tariff for Rewa project has worked out to be Rs 3.30 per unit.

Ltd and Safe Solar Power Pvt Ltd (10 MW each), Access Solar Pvt Ltd (11.52 MW), Blue Star Hydel Pvt Ltd (1 MW), Harappa Solar Pvt Ltd (18 MW) and AJ Power Pvt Ltd (12 MW).

On Monday, solar sector consulting firm said with 8.8 GW (giga watt) of projected capacity addition - a growth of 76 per cent over 2016 - India is set to become the third-largest photovoltaic market (PV) market in 2017, which will overtake Japan.

DeVos booed delivering Bethune-Cookman address
At one point University President Edison Jackson took hold of the mic, warning students to settle down. Numerous graduates loudly booed DeVos as soon as she began speaking at Bethune-Cookman University.

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