India to boost solar wind projects through cheaper contracts

15 Dec 2020 Editorial Team

India plans to assist renewable energy developers after no support from cash-strapped utilities for long-term contracts that were needed to underwrite new solar and wind projects, according to media reports.

State run Solar Energy Corporation is evaluating options to pool electricity supply from renewable energy projects by developers, including Adani Green Energy, and offer it to be utilised at more affordable prices. This should enable firms to seal deals with utilities to start construction on as much as 15.2 GW of renewable energy capacity, which is a sixth of the current installation, and facilitate the government's climate goals.

Distribution utilities which suffered losses were reluctant to agree to long term contracts particularly because the prices of solar power are expected to decline shortly.

The utility solar installations have been reduced in the first three quarters of 2020. The plan involves 12 GW of projects under India’s biggest solar auctions last year. Adani Green won bids to build two-thirds of that capacity; the remaining bids were awarded to Azure Power Global Ltd. India is the world's third-largest emitter of greenhouses gases. The country has set targets to increase its renewable power capacity to 175 GW by 2022, it is also aiming to raise it to five folds by 2030. 90% of India’s electricity is sold to provincial distribution utilities that have signed contracts run for nearly 25 years. Projects that failed to sign those contracts are struggling to repay their debt, leaving behind vendors to fund projects without buyer commitments.

Image Source

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..