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Stockbroker finds out about solar power the hard way
Aug 07: In the good old days, almost everyone wanted to jump into the renewable energy bandwagon. From vegetable oil producers to stock brokers, everyone succumbed to the temptation of guaranteed returns for 25 years, no matter what the costs were or the tariff rates were.
8But those salad days are now gone and one prominent stockbroker is now left staring at the dark side of the business
8There was a delay in commissioning, and this will have the consequent effect of knocking down the tariff rate from Rs. 5.13 per unit to Rs. 4.36 per unit
8Over and above that, weather conditions and counterparty risks abound
8The renewable business is not for the faint hearted. Or for rent seekers. Not any more
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