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What is PPA

 A power purchase agreement (PPA), or electricity power agreement, is a contract between two parties, one which generates electricity (the seller) and one which is looking to purchase electricity (the buyer). The PPA defines all of the commercial terms for the sale of electricity between the two parties, including when the project will begin commercial operation, schedule for delivery of electricity, penalties for under delivery, payment terms, and termination. A PPA is the principal agreement that defines the revenue and credit quality of a generating project and is thus a key instrument of project finance. There are many forms of PPA in use today and they vary according to the needs of buyer, seller, and financing counterparties. PPAs facilitate the financing of distributed generation assets such as photovoltaic, microturbines, reciprocating engines, and fuel cells. A power purchase agreement (PPA) is a legal contract between an electricity generator (provider) and a power purchaser

Procedure to setting up a PV Power Plant in India

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 Procedure to setting up a PV Power Plant in India 1. Select the capacity of project you want to set up. (For Example, 1MW or 20 MW or 100 MW) 2. Selection of land- It should be within 2km of power substation to reduce the power evacuation charges. Land requirement per 1MW varies from 4.5 acres to 6.5 acres. 3. Getting approval from government and owner for land clearance. 4. Choose mode of power plant setup-     a. Off-Grid Captive Consumption for domestic premises     b. Off-Grid Captive Consumption for commercial premises     c. Grid Connected (Net Metered) Captive Consumption for domestic premises     d. Grid Connected (Net Metered) Captive Consumption for commercial premises     e. Sale of Power generated to local Distribution Company (DISCOM)     f. Sale of Power generated to 3rd Party consumer (Industry or Commercial entity) 5. Check for government policy for selected mode.(Refer to MNRE (Union Ministry of New & Renewable Energy)  or State Energy Development Agency) 6. Look

New solar plant design increases efficiency by 125%

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  Designing solar panels in checkerboard lines increases their ability to absorb light by 125 per cent, a new study says. Researchers say the breakthrough could lead to the production of thinner, lighter and more flexible solar panels that could be used to power more homes and be used in a wider range of products. The study investigated how different surface designs impacted the absorption of sunlight in solar cells, which when put together form solar panels. Scientists found that the checkerboard design improved diffraction, which enhanced the probability of light being absorbed that is then used to create electricity. The renewable energy sector is constantly looking for new ways to boost the light absorption of solar cells in lightweight materials that can be used in products ranging from roof tiles to boat sails to camping equipment. Renewable energy—including solar power—made up 47 per cent of the UK's electricity generation in the first three months of 2020. Solar-grade silic

Renewable energy policy and electricity market

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An ambitious target of 175 GW installed capacity of renewable energy sources by 2022 has been put forth by the Government of India. It is imperative that a sustainable regulatory and commercial framework is put in place to facilitate forecasting, scheduling, imbalance handling and settlement framework of renewables. This will enable electricity market access to renewables at both intra-state and inter-state level. Flexibility of the conventional generation fleet needs to be tapped for balancing the intermittency and variability associated with renewables especially wind and solar generation. This paper presents the existing legal & regulatory framework, challenges and way forward for RE integration in India.  Indian citizens have access to electricity and clean cooking has been at the top of the country’s political agenda. The government of India has also made significant progress in reducing the use of traditional biomass in cooking, the chief cause of indoor air pollution that pa

Post Graduate Program in Renewable Energy Project Finance - Job training for graduate engineers

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Global Advanced Training and Educational Trust and University of Petroleum and Energy Studies collaborate to offer PGP course in Renewable Energy Project Finance and Electric Vehicle Powertrain Global Advanced Training and Educational Trust  (GATE Trust) is an academic institute and its unit Institute of Solar Technology (IST) and  Academy of EV Technology (AEVT)  India top Entrepreneurship Development Institute. Institute of Solar Technology (IST)  is a well-known solar training institute in India and Worldwide. They have trained engineers and Startups in PAN India and the UK, Oman, Zimbabwe, Cambodia and other countries. May of they completed MW Solar Power plant project also.   Renewable Energy Project Finance program  intends to make an exceptional professional in renewable energy project to pursue a career at mid or senior finance management level in the Renewable Energy sector. It covers every key concept, India and International best practices and along with key financial manage

IST and UPES Collaborate to Offer RE Project Finance and EV Powertrain Course

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Global Advanced Training and Educational Trust and University of Petroleum and Energy Studies Collaborate to Offer RE Project Finance and EV Powertrain Course Kolkata, India, June 26, 2020 --( PR.com )--  Global Advanced Training and Educational Trust (GATE Trust)  is an academic institute and its unit  Institute of Solar Technology (IST)  and  Academy of EV Technology (AEVT) ; India top Entrepreneurship Development Institute. Institute of Solar Technology (IST) is a well-known solar training institute in India and worldwide. They have trained engineers and startups in PAN India, UK, Oman, Zimbabwe, Cambodia and other countries. Many of them completed MW Solar Power plant projects also. Renewable Energy Project Finance program intends to make an exceptional professional in renewable energy project to pursue a career at mid or senior finance management level in Renewable Energy sector. It covers every key concept, India and International best practices and along with key financial manag

Training Course offered by GATE trust

Course offered by GATE Trust Academic Unit PGP in Electric Vehicle Powertrain 10 Months Post Graduate Program (PGP) in Electric Vehicle Powertrain. Certification offered by Academy of Technology (AEVT) in academic partnership with University of Petroleum and Energy Studies. Deposit Training Fee Rs. 19999/- to Global Advanced ... Offered by:  AEVT and it's academic partner UPES EV EVSE Business Management EV EVSE Business Management Course for Entrepreneurs Techno Commercial skill for EV Startups: This course also explains how electric mobility can work for various businesses, including fleet managers, automobile manufacturers and charging infras... Offered by:  Academy of EV Technology EV Battery pack assembly line EV Battery pack assembly line Virtual Classroom Training Today's battery systems are essential, complex and multi-functional modules in electric vehicles. From AEVT EV Battery Technology and assembly lines training, the vehicle manufacturers ... Of

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