1. Flat 20% off on Diamond Jewellery starting at Rs. 40,000 at CaratLane – A Tanishq Partnership in Paschim Vihar
  2. MADAME TUSSAUDS DELHI UNVEILS THE KFC’S ZINGER AKA ‘THE ORIGINAL CELEBRITY BURGER’
  3. Rosy Ahluwalia – Khadi designer presentations in Grand finale of Delhi Runway week 2019
  4. Delhi Runway week 2019
  5. Ministry of HRD is going to launch the world’s biggest program for teacher training to train 42 lakh teachers across India on 22 August 2019
  6. India will participate in WorldSkills International Competition 2019 at Kazan, Russia from August 22 – 27, 2019
  7. The Prime Minister, Shri Narendra Modi addressed the nation from the ramparts of the Red Fort on the 73rd Independence Day
  8. India’s Largest Rural Sanitation Survey Launched
  9. Prime Minister joins prayer meeting in remembrance of late Smt. Sushma Swaraj Ji
  10. Ministry of Skill Development and Entrepreneurship announces fourth edition of National Entrepreneurship Awards, 2019
  11. Controlling Medicine Prices Through DPCO 2017 Saved Over INR 12400 crores
  12. Prime Minister Shri Narendra Modi paid tributes to former External Affairs Minister Sushma Swaraj
  13. 2nd India Tourism Mart in September-2019
  14. TCL launches its new range P8 Series
  15. AIWA enters Indian market with New-age Consumer Electronic Products
  16. ALTBALAJI & ZEE5 ANNOUNCE CONTENT ALLIANCE TO GROW THE SUBSCRIPTION VIDEO ON DEMAND BUSINESS
  17. Affle (India) Limited’s IPO to open on July 29, 2019 with a Price Band of Rs. 740 – Rs. 745 per Equity Share each of Face Value of Rs. 10 each
  18. RHINO’s gym opened at City Centre Mall, Shalimar Bagh, New Delhi
  19. Punjab National Bank announced a net profit of Rs.1019 crore during Q1 Financial Year 2019-20
  20. Bikanervala opens a new outlet at Janakpuri , New Delhi
  21. Sonia Mann will be making her debut in Bollywood film *HAPPY HARDY AND HEER with Himesh Reshammiya*
  22. Launch of Global Innovation Index 2019 on July 24, 2019 in New Delhi
  23. GSLV MkIII-M1 Successfully Launches Chandrayaan-2 spacecraft
  24. “Energy Horizons 2019” conference organized by Council on Energy, Environment and Water
  25. Awards Ceremony – India Innovation Growth Programme 2.0
  26. 8th Agrochemicals Conference 2019 organized by FICCI
  27. ‘Odisha Tourism Roadshow 2019’ organised by FICCI
  28. Opening shortly – Make-up Mantra by Pooja Paliwal
  29. ISIC Becomes First Hospital Outside US to Successfully Perform Complex Spinal Surgeries Through Advanced Spine Robotics System
  30. “Ardaas Karaan” coming soon
  31. Artist Aloud and Khazana announce the winners of the second edition of India’s only talent hunt for ghazal singers
  32. Vice President calls for National Innovation Movement
  33. World’s first Laser Tank printer launched by HP in India
  34. Ms Plus Size India 2019 Illuminates Body Positivity in New Delhi
  35. Baku – New Delhi – Baku direct flight launched by Azerbaijan Airlines
  36. Tusshar Kapoor and Mallika Sherawat Launched ALTBalaji’s BOOO….SABKI PHATEGI
  37. CEL celebrated its 45th Annual Day
  38. Sports Minister felicitates victorious women’s hockey team, assures them of all support for Tokyo 2020
  39. Coolpad appoints Fisher Yuan as its India CEO
  40. Achhacart takes Miniso Online with its launch
  41. Wrangler Flags off the True Wanderers 8.0 from New Delhi
  42. Canon augments its flagship PIXMA G-Series portfolio with its latest high-speed Ink Tank printers
  43. Jinnie – a fitness model
  44. Colgate Palmolive India launches the Keep India Smiling mission
  45. Criteo App Install Completes App Marketing Product Suite Allowing Marketers to Find and Convert New & Existing Customers
  46. FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDED 31.3.2019 OF PUNJAB NATIONAL BANK
  47. POOR OR NOT ONLY TWO CASTES NOW IN INDIA – NARENDRA MODI
  48. Taiwan Expo 2019 at Pragati Maidan Hall 11, New Delhi
  49. BCL Delhi Drangons team in Delhi
  50. Spring summer collection 2019 unveiled by Sparx
  51. Delhi Sports Journalists Association presented Awards to Rishabh, Rani Rampal
  52. ‘Pride of Cows’ premium milk launched by Parag Milk Food
  53. BLK Super Speciality Hospital provides treatment for Sports injuries
  54. WOW air offers the lowest fares ever between India and North America

New Delhi, July 19, 2019 : The reduced risk perception of financiers funding renewable energy projects in India resulted in investments in the sector doubling over the last five years, according to a joint study released today by the Council on Energy, Environment and Water (CEEW) and the International Energy Agency (IEA). The report – the 2019 ‘Clean Energy Investment Trends’ – was released at CEEW’s flagship conference – Energy Horizons 2019 held in The Hyatt Regency,  New Delhi.

The report maps out the evolution in the renewable power industry and investment landscape through tracking the risk perceptions of debt financiers towards solar photovoltaic (PV) and wind projects over the period from 2014 to 2018. The report also highlights recent developments impacting the pace of capacity addition. According to the report, investment in India’s renewable power sector has doubled over the past five years. At nearly USD 20 billion in 2018, it has surpassed capital expenditure in the thermal power sector. Ambitious targets, supportive policies, and falling technology costs have improved the attractiveness of financing utility-scale solar PV and wind projects. By May 2019, utility-scale installed capacity of solar PV was over 27 GW and wind was more than 36 GW.

In terms of the industry landscape, while market concentration in the solar PV and wind sector remains high, there has been a notable change in top players from year to year, indicated by a measure known as the churn rate. Even the best developers face limitations in continually financing projects. Increased consolidation in the wind sector was observed in 2018 with the churn rate dropping to 50 per cent from 90 per cent in 2017. The churn rate in the solar PV sector remained at 60 per cent from 2017 to 2018. 

The analysis reveals five key trends:

  • The market concentration of developers sanctioning new solar PV and wind capacity remained high in 2018—above 80% for the top ten firms in both markets. Top companies that can access financing at favourable terms have an advantage in structuring competitive auction bids
  • A maturing market along with reduced risk perceptions and enhanced bankability for renewables has contributed to improved availability and pricing of project debt finance over time, facilitating lower cost investment
    • Over the period from 2014 to 2018, interest rate spreads for both wind and solar PV declined by 75 to 125 basis points. This indicates declining risk perceptions
    • While the costs of debt and equity financing together accounted for close to 60% of the levelised cost of electricity for solar PV and wind generation in India, improvements in the terms of finance for renewables projects have played an important role in lowering tariffs
  • Data comparisons with thermal power projects were more challenging, but assets developed by integrated state government¬–owned utilities appear to benefit from some financing advantages
  • The weak availability of long-term, fixed-rate debt remains a constraint for all power generation investments, raising uncertainty over future financing costs for new plants and the refinancing of existing ones
  • The imposition of safeguard duties and persistent land acquisition and grid infrastructure related challenges under India’s Solar Park scheme, represent near–term risks to the pace of capacity addition

Dr Arunabha Ghosh, CEO, CEEW, said, “CEEW-CEF aims to help deepen markets, increase transparency, and attract capital in clean energy sectors in emerging economies. Responding to a growing need for enabling an efficient and timely energy transition in emerging economies, CEEW-CEF will focus on developing fit for purpose market responsive financial products.”

Commenting on the launch of the report and the CEEW Centre for Energy Finance (CEF), Kanika Chawla, Director, CEEW Centre for Energy Finance, said, “The cost and availability of financing, which depend on the investment risks as perceived by developers and financiers, significantly shape India’s progress along the energy transition. The top companies that can access financing at favourable terms usually have an advantage in winning project capacity at competitive auctions. Several emerging markets are now seeing renewable energy markets of significant scale. However, these markets are young and prone to challenges that could inhibit or reverse the advances made in the recent past. Also, the absence of well-functioning markets in emerging economies make investment in clean technologies risky and prevent capital from flowing from where it is in surplus to regions where it is most needed. CEEW-CEF will address the urgent need for increasing the flow and affordability of private capital into clean energy markets in emerging economies.”

CEEW-CEF has a twin focus on markets and solutions. CEF’s market analysis will cover energy transition-related sectors, both on the supply (solar, wind, energy storage) and demand side (electric vehicles, distributed renewable energy applications). It will create open source data sets, salient and timely analysis, and market trend studies.

“Financing India’s energy future requires policy makers to better understand the risks faced by investors and design measures that allow for the efficient allocation and management of these risks, key determinants of the cost of capital, which is becoming more critical for investment decisions,” said Michael Waldron, Senior Energy Investment Analyst at the IEA. “As the investment environment for renewables matured, the private sector has responded, but more effort is needed to address persistent risks pertaining to infrastructure, policy uncertainty and the financial viability of distribution companies.”

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