NSL Renewable raises $90 million
With $90 million in funding raised over the last week, NSL Renewable Power (NRPPL) is looking to leverage the falling costs of producing power from renewable sources. It currently has 185 megawatts of installed capacity across wind, solar, bio-mass and hydropower, and plans to more than double its capacity over the next 18 months.
Tariffs for solar-generated electricity have fallen from INR15 to INR7-8 per kilowatt-hour, while the cost of wind power can vary between INR3 and INR5 per kWh. At the same time, coal prices are on their...
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