Solar power tariff decline supported by structural factors: Ind-Ra

Continuous decline in solar power tariffs since the start of the current financial year (FY 2020-21) has been driven by a mix of structural and state-specific factors with the former likely to sustain over medium-term, India Ratings and Research (Ind-Ra) has said.

The tariffs declined to Rs 2.36 per kilowatt hour (kWh) in June and July, and Rs 2 in November. In the latest bidding as well, while the winning bids are at Rs 2 per kilowatt hour (kWh), the highest bid was at Rs 2.43 per kilowatt hour (kWh) which is lower than the earlier tariffs.

The decline in tariffs is being driven by a lower capital cost per megawatt of around Rs 4 crore per megawatt because of advancement in panel designs, enabling a higher capacity utilisation factor (CUF).

Besides, there has been a reduction in panel costs globally while financing costs have lowered. estimates that a lower funding cost to foreign and domestic developers has resulted in a tariff decline of 10 to 15 paise per kWh.

Additionally, few state-specific factors impacting the tariffs in the latest round include an exemption of Rs

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Former adviser sues McGowan, Wyatt

Former McGowan Government media adviser Steve Kaless has launched a defamation case against the Premier, the Treasurer and several government staff members after his acquittal on a charge of indecently assaulting a female colleague at a Christmas party last year.

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IFC invests $30 mn in Biological E to boost Covid-19 vaccine production

International Finance Corporation, a member of the World Bank Group, on Thursday said it was providing a loan of up to $30 million (around Rs 220 crore) to pharma company Biological E.

The loan will support the pharmaceutical firm’s expansion of low-priced, generic vaccines for routine immunisation of children and to boost capacity for manufacturing any future Covid-19 vaccine, it added.

An investment in one of India’s top vaccine manufacturers will expand access to low-cost vaccines for children in developing countries and help increase the production of a Covid-19 vaccine when developed, a key step in saving lives and restarting economies, IFC said in a statement.

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Getting a mortgage with bad credit – is it possible?

Buying a home in today’s market can seem particularly hopeless for people with poor credit scores – and that’s before you have to cough up large deposits.

Even people with exceptional credit histories can be tripped up when lenders run through affordability, earnings and monthly outgoings with a fine-tooth comb and identify red flags.

There are stories of people being rejected because they’ve never been in debt – so even though they’ve kept their noses clean, because they’ve never had any form of credit, there just isn’t enough information for lenders to lend.

Wait, before you go clicking off this article, it’s not all doom and gloom – these factors aren’t a reason for people to simply abandon their homeowner dreams. There is still hope; even if you do have a poor credit score, CCJs, missed payments, or little to no credit history, and we’re going to share some pointers with you.

If you’ve already been rejected, do not give up straight away

Each lender applies differing criteria when lending, and with hundreds of lenders available to choose from in the UK, it really is worth seeking some expert independent advice. What one lender may find unacceptable, another can be

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