Low tariffs slowing new bid for winds, solar energy projects:ICRA(TH)

Low tariffs slowing new bid for winds, solar energy projects:ICRA(TH)

Context

The bidding for wind and solar energy projects is seeing a short-term slowdown, said rating agency ICRA

Except few terms that need an explanation article makes a reference to the ICRA report which indicates a slowdown in capacity addition in the solar and wind energy sector

Feed-in tariff (FiT): Boosting the solar capability

FiT enables anyone who generates electricity from renewable energy source – be it a home owner, small business or a large electricity utility – to sell it to the grid and receive guaranteed long-term payments at a predetermined rate for energy transferred.

• According to the International Energy Agency, as much as 70 per cent of global solar generation in 2013 was realised through FiT
• Global example: Germany has applied FiT in its solar energy harvesting to great effect. Generation took off from almost nil in 1990 to 38 GW in 2015, more than 60 per cent of which is from rooftop segment

What is ICRA?

ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional investment Information and Credit Rating Agency