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JSW, Tata Power, Avaada, Juniper Win MSEDCL’s 1,650 MW Wind-Solar Auction

JSW Neo Energy (JSW Energy), Tata Power Renewable Energy, Avaada Energy, and Juniper Green Energy have won Maharashtra State Electricity Distribution Company’s (MSEDCL) auction to supply 1,650 MW of wind-solar hybrid power on a lo...

October 15, 2024

Mercom Research Focus

Robust Solar Project Pipeline Drives India’s Module Manufacturing Capacity

India added 11.3 GW of solar modules and 2 GW of cell manufacturing capacity in the first half (1H) of 2024, according to Mercom India’s recently released research report, State of Solar PV Manufacturing in India 1H 2024. Th...

October 8, 2024

Markets & Policy

MNRE Clarifies Applicability of ALMM Order for Open Access Solar Projects

The Ministry of New and Renewable Energy (MNRE) has clarified that the Approved List of Models and Manufacturers (ALMM) Order will not apply to open access and net-metering solar power projects where the first application for the ...

October 14, 2024

Energy Storage

GUVNL Phase IV Battery Storage Tender to Include VGF of ₹2.7 Million/MWh

The Gujarat Urja Vikas Nigam (GUVNL) has amended its Phase IV Standalone Battery Energy Storage Systems (BESS) tender by providing Viability Gap Funding (VGF) support and augmenting the capacity to 500 MW/1000 MWh. The initial ten...

October 16, 2024

Latest News

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Adani Enterprises Raises $42 Billion via Qualified Institutional Placement

Multi-business conglomerate Adani Enterprises has completed a Qualified Institutional Placement (QIP) of equity shares, each with a face value of ₹1 (~$0.012), raising around ₹42 billion (~$500 million). A total of 14,179,608 equity shares were...

October 17, 2024

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Roofsol Energy Raises ₹255 Million Through Equity Funding

Roofsol Energy, a Maharashtra-based rooftop solar EPC services provider, has raised ₹255 million (~$3.03 million) in its inaugural round of equity funding. The funds were raised through private placements from high net-worth individuals (HNIs) led...

October 17, 2024

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Standard Chartered Bank Finances AMPIN’s 200 MW Wind-Solar Hybrid Project

Independent power producer AMPIN Energy Transition has announced the financial closure for its 200 MW wind-solar hybrid project in Rajasthan, with the final step achieved through a green loan of ₹7.42 billion (~$88.27 million) from Standard...

October 17, 2024

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Prozeal Wins 25 MW/50 MWh Solar Plus Storage Project in Ladakh

Solar energy solutions provider Prozeal Green Energy has won Solar Energy Corporation of India’s (SECI) tender for the design, engineering, supply, construction, erection, testing, commissioning, and operation & maintenance (O&M) of a 25 MW...

October 17, 2024

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Insolation Energy to Raise ₹4 Billion via Preferential Issue of Equity Shares

Jaipur-based solar module manufacturer Insolation Energy (INA) has announced plans to raise ₹4.02 billion (~$47.8 million) through a preferential allotment of 1.22 million equity shares to non-promoter entities. The shares will be issued at a price...

October 17, 2024

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MERC Approves MSEDCL’s Plea to Procure 1,468 MW Firm Renewable Power

The Maharashtra Electricity Regulatory Commission (MERC) has given the green light for Maharashtra State Electricity Distribution Company (MSEDCL) to procure 1,468 MW of Firm and Dispatchable Renewable Energy from SJVN at a tariff of ₹4.45 (~$0....

October 17, 2024

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Daily News-Wrap: GUVNL Amends BESS Tender by Providing VGF Support

The Gujarat Urja Vikas Nigam (GUVNL) has amended its Phase IV Standalone Battery Energy Storage Systems tender by providing Viability Gap Funding (VGF) support and augmenting the capacity to 500 MW/1000 MWh. The initial tender was issued for 400...

October 17, 2024

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Germany Awards 587 MW Solar with Storage Projects in Innovation Tender

Germany’s latest innovation tender for 583 MW of renewable energy projects was oversubscribed by 218%, with bids totaling 1,856 MW, according to data released by the federal network agency Bundesnetzagentur. Of the 154 bids submitted, 50 were...

October 17, 2024

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NTPC Subsidiary Invites Bids for 6.32 MW Solar Projects

NTPC Vidyut Vyapar Nigam (NVVN) has invited bids to develop 3.92 MW of rooftop and 2.4 MW of ground-mounted solar power projects at NTPC stations Simhadri and Ramagundam in Andhra Pradesh and Telangana. The last day to submit the bids is November 6,...

October 16, 2024

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Central Regulator Adopts Tariffs for 1,500 MW Solar Power Projects

The Central Electricity Regulatory Commission (CERC) has adopted tariffs for 1,500 MW of interstate transmission system (ISTS)-connected solar power projects awarded by the Solar Energy Corporation of India (SECI). SECI had awarded the projects to...

October 16, 2024

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