CARE Ratings expects its ratings on grid connected solar players to remain stable on back of conducive policy framework, satisfactory operating levels and reducing gap in tariff compared with conventional sources. "Sunny outlook for solar generators; counterparty risk a dark cloud", says the rating agency.
CARE Ratings expects its ratings on grid connected solar players to remain stable on back of conducive policy framework, satisfactory operating levels and reducing gap in tariff compared with conventional sources. Counterparty risk remains a key rating challenge. Going forward, CARE Ratings believes, by 2017-2018 solar tariffs will converge with grid tariffs leading to proliferation of solar-based capacity across various states. This shall bring off-taker-related risks much sharply into play.
While arriving at the ratings for the solar players, key factors that drive the rating decision are regulatory framework, operating performance, counterparty risk and adequacy of cash flows in relation to the borrowings. CARE has ratings outstanding on 27 solar players as on December 31, 2014. This paper delineates CARE's experience on each of these issues.
India is an attractive geography for harnessing solar energy. Solar radiation is around 5,000 trillion kWh per annum and most parts of the country enjoy 300 clear sunny days a year. The power generation capacity based on solar has witnessed a significant jump in the last few years and crossed the 3,067 mega-watt (MW) mark as on December 31, 2014, due to policy push by both central and state governments such as National Solar Mission (NSM) and various state initiatives. Of the total installed renewable capacity of 33,792 MW as on December 31, 2014, solar-based capacity contributes about 9%, which few years back was less than 1%, clearly demonstrating the increased focus for this widely available source of power. Ministry of New and Renewable Energy (MNRE) has unveiled an ambitious plan for increasing the country's solar capacity, setting a target of 10,000 MW by 2017 and 100,000 MW by 2022.
Disclaimer
This report is prepared by Credit Analysis & Research Limited (CARE Ratings). CARE Ratings has taken utmost care to ensure accuracy and objectivity while developing this report based on information available in public domain. However, neither the accuracy nor completeness of information contained in this report is guaranteed. CARE Ratings is not responsible for any errors or omissions in analysis/inferences/views or for results obtained from the use of information contained in this report and especially states that CARE Ratings has no financial liability whatsoever to the user of this report.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
Anda sedang membaca artikel tentang
Sunny outlook for solar generators: CARE Ratings
Dengan url
https://rokokkanker.blogspot.com/2015/03/sunny-outlook-for-solar-generators-care.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Sunny outlook for solar generators: CARE Ratings
namun jangan lupa untuk meletakkan link
Sunny outlook for solar generators: CARE Ratings
sebagai sumbernya
0 komentar:
Posting Komentar