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NBFC Electronica Finance Issues Green Masala Bonds Worth $10 Million
Zurich-based responsAbility AG, a leading asset manager for impact investments in emerging economies, has inked an agreement with Pune-based non-banking financial company (NBFC) Electronica Finance Limited (EFL) for the issuance ...
Renewable Energy Generators Approach Delhi High Court over Levy of GST on RECs
After paying GST of 12% on renewable energy certificates (RECs), renewable energy project developers who are part of the REC mechanism have approached the Delhi High Court to provide relief ...
SECI Announces 100 MW Solar EPC Tender for Telangana’s Singareni Collieries
The Solar Energy Corporation of India (SECI) has announced a tender for the development of 100 MW of solar power projects in Telangana. The scope of work for the tender ...
Solar EPC Company Sterling and Wilson Files for ₹45 Billion IPO
Sterling and Wilson Solar Limited, an engineering, procurement, and construction (EPC) company of Shapoorji Pallonji Group, has filed a draft red herring prospectus as part of its planned initial public ...
India’s Peak Power Deficit During FY 2018-19 Was 0.6%
India’s power supply deficit stood at 0.6% during the financial year (FY) 2018-19, just 0.1% down from the figures reported during FY 2017-18. During FY 2018-19, 1,267,209 million units (MUs) ...
EDITORS' PICKS
Investment in Indian Solar Sector Dips to $9.8 Billion in 2018
In 2018, investments in the Indian solar sector totaled approximately $9.8 billion compared to 2017, in which almost $11.5 billion flowed into the Indian solar sector. 2018 witnessed a decline ...
Dubai’s AMEA Power Achieves Financial Closure for a 50 MW Solar Project in Jordan
Renewable energy project developer, AMEA, has announced financial closure for a 50 MW solar project in Jordan. The company has announced that it has secured $74 million for the Al ...
CERC Asks National Load Despatch Centre to Issue RECs for Commissioned Renewable Projects
The Central Electricity Regulatory Commission (CERC) has ordered the national load despatch centre (NLDC) to issue renewable energy certificates (RECs) for a small hydro project of capacity 10 MW and ...
Any Tax Levied Through an Act of Parliament Resulting in Extra Cost is ‘Change in Law’: CERC
The Central Electricity Regulatory Commission (CERC) has observed that the enactment of Goods and Services Tax (GST) that came into effect from July 1, 2017, will be covered under the ...
India and Denmark to Work Together in the Offshore Wind Sector
The Union Cabinet has approved a cooperation agreement between the Ministry of New and Renewable Energy of India (MNRE) and Denmark’s Ministry for Energy, Utilities, and Climate in offshore wind ...
Malaysia’s PETRONAS Acquires Singapore’s Distributed Solar Company Amplus Energy
Malaysia’s state-owned oil and gas company, PETRONAS, has announced the acquisition of Singapore-based Amplus Energy Solutions Pte Ltd (M+). In a media statement issued by PETRONAS, the company stated that ...
Tariff of ₹7.5/kWh Maintained for Increased Capacity of Two Waste to Energy Projects
The Andhra Pradesh Electricity Regulatory Commission (APERC) has approved a tariff of ₹7.5 (~$0.011)/kWh for 5 MW of waste to energy projects each belonging to Anantapur MSW Private Limited and ...
One Reason for Lower Power Demand – UJALA Which Has Cut Down Peak Power Demand by 9 GW
Reduced power demand has been an issue for some time in India and it has been blamed largely on financially challenged DISCOMs (utility companies). One of the most overlooked reasons ...
China Plans to Prioritize Non-Subsidized Wind and Solar Projects
China is prioritizing unsubsidized wind and solar photovoltaic (PV) projects. China’s National Energy Administration (NEA), has organized and drafted a project report on promoting non-subsidized affordable projects for wind and ...
Third Deadline Extension for SECI’s 97.5 MW Rooftop Solar Tender
The Solar Energy Corporation of India (SECI) has once again extended the bid submission deadline for 97.5 MW of grid-connected rooftop solar PV projects from April 16 to April 30, 2019 ...
Ongoing General Elections Delay Land Allotment for 7.5 GW of Solar Projects in Leh and Kargil
The Solar Energy Corporation of India Ltd. (SECI) officials recently met with the additional deputy commissioner (ADC) of Leh to arrange a visit to assess the land for the upcoming ...
China Eyes One Belt One Road Initiative to Expand Renewable Energy
China plans to utilize its ambitious One Belt One Road (OBOR) initiative to expand renewable energy along the economic belt. According to China’s National Energy Administration (NEA), “In the past ...
MNRE Issues Blueprint for Testing Solar Pump Controllers
The Ministry of New and Renewable Energy (MNRE) has issued draft specifications and testing procedures for universal solar pump controllers (USPC). The draft is up for comments up to April ...
CERC Rules Against Power Grid, Provides Relief to Solar Developer in Madhya Pradesh
The Central Electricity Regulatory Commission (CERC) has quashed a transmission service agreement (TSA) termination notice that was issued by the Power Grid Corporation of India Limited (PGCIL) to SEI Sunshine ...
Karnataka’s Pavagada Solar Park to be Fully Operational by December 2019
At Karnataka’s Pavagada Solar Park, approximately 1,400 MW of grid-connected solar photovoltaic (PV) projects are operational today. Recently, ReNew Power commissioned 300 MW of solar PV capacity at the park ...
NTPC Issues Tender to Install 500 kW of Rooftop Solar at its Muzaffarpur Thermal Power Plant
The National Thermal Power Corporation (NTPC) has issued a tender to install rooftop solar photovoltaic (PV) projects totaling 500 kW at various locations of Kanti Bijlee Utpadan Nigam Limited (KBUNL) ...
Global Solar Market Receives $2.8 Billion in Corporate Funding in Q1 2019
The solar sector received $2.8 billion in corporate funding globally, including venture capital funding, public market, and debt financing. Activity across venture capital funding, public market, and debt financing were ...
Haryana Commission Approves Power Purchase Agreement for 3 MW Biomass with Deviations
The Haryana Electricity Regulatory Commission (HERC) has issued an order approving the power purchase agreements (PPAs) for 3 MW of biomass procurement by Haryana Power Purchase Center (HPPC). HPPC had petitioned ...
Haryana to Follow Latest MNRE Competitive Bidding Guidelines for 300 MW Solar Auction
The Haryana Electricity Regulatory Commission (HERC) has asked the Haryana Power Purchase Centre (HPPC) to follow the latest competitive bidding guidelines issued by the Ministry of New and Renewable Energy ...
MNRE Issues Draft Guidelines for Grouping Solar PV Inverters for Testing in Labs
The Ministry of New and Renewable Energy (MNRE) has issued draft guidelines for series approval (grouping) of solar photovoltaic (PV) inverters to conduct testing in labs for Implementation of “Quality ...
