Live Questions for Solar Industry AMA with Oaklane Capital/Kuntal Shah Oct 25 3-5 pm (25-10-2024)
How does the efficiency of Solar cell/modules change over a period of time (5 years-10-years etc after installation) and also do the players like Waaree/Premier Energies have any backended liabilites attached to the operational efficiency of the components supplied by them?
Stock market update: Mining stocks down as market falls (25-10-2024)
The 30-share BSE Sensex closed down 662.87 points at 79402.29
IndiGo Q2 Results: Airline slips back into red with Rs 987 crore loss (25-10-2024)
IndiGo Q2 Results: IndiGo reported a loss of Rs 987 crore for the second quarter ended September 2024, compared to a profit of Rs 189 crore in the same quarter last year. Revenue from operations increased 14% year-on-year to Rs 16,970 crore. Analysts had anticipated losses, but the actual figure exceeded expectations, with an ET Now poll predicting losses around Rs 219 crore.
Solar Industry AMA Deep Dive: Ask me Anything (25-10-2024)
Question
- Across the entire value chain of solar (Manufacturing EPC and O&M), how will the profit pool be divided and what will be the competitive intensity in each step of the chain?
- Which segment/part of the Solar value chain has the highest potential?
- Where do the value lies today – in which part of Value chain – in Solar space where the new allocation should be made?
- Who is the potential leader from listed space?
Solar Industry AMA Deep Dive: Ask me Anything (25-10-2024)
We believe that the profits earned by solar module manufacturers will enable them to invest in backward integration, contributing to India’s clean energy security. The incentives and higher profitability will create incentives to backward integrate and create a manufacturing base in long run is the expectation of GOI policies.
Several independent power producers (IPPs), such as Tata Power, Adani Green, and ReNew Power, have already backward integrated into the manufacturing of modules, cells, and wafers, strengthening their supply chains and reducing dependency on external sources. Conversely, some IPPs like JSW Energy have opted to withdraw from module manufacturing, because of lower expected IRRs.
Solar Industry AMA Deep Dive: Ask me Anything (25-10-2024)
Question
- Players like NTPC are suggesting that module makers are profiteering from non-tariff barriers, what is your view on it?
Stock market update: Stocks that hit 52-week highs on NSE in today’s trade (25-10-2024)
ABM International, Tirupati Forge, Industrial Invst, Mask Investments and Sri Adhikari, hit their fresh 52-week highs during the day.
Solar Industry AMA Deep Dive: Ask me Anything (25-10-2024)
Answer
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Government incentives have been instrumental in driving solar energy adoption by enhancing the financial viability of solar projects. In the U.S., the Modified Accelerated Cost Recovery System (MACRS) allows solar investors to depreciate solar assets over five years, providing substantial tax benefits. Combined with the Investment Tax Credit (ITC), which can offset installation costs, businesses can recoup nearly 50% of their solar investment over a five-year period.
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In India, the adoption of accelerated depreciation, currently set at 40%, is expected to have a similar impact. This policy reduces taxable income and shortens the payback period, making solar investments more appealing for businesses.
Jagan does not fully own family assets, only ‘guardian’, says Y S Sharmila (25-10-2024)
Y S Sharmila, sister of YSRCP chief Jagan Mohan Reddy, asserts that businesses started by their late father Y S Rajasekhara Reddy are family assets. She contends Jagan is to act as a guardian and distribute them equally among the four grandchildren, as per their father’s wish.