Wind Becomes Competitive with Solar

Wind Becomes Competitive with Solar as Tariff Drops to a Record Low ₹2.64/kWh

In India, wind power tariff has dropped below ₹3/kWh for the first time with the lowest winning bid of ₹2.64 (~$0.0413)/kWh quoted in the second 1 GW wind auction conducted ...
/ / Other, Wind
Solar India

Anti-Dumping Tariff, Consistent Tenders Needed to Support Solar Manufacturing in India

The following is from a conversation Mercom India had with Sunil Rathi, director of sales and marketing for Waaree Energies on the current state of Indian solar market. What do ...
/ / Markets & Policy, Solar
Solar Tenders Under DCR Category

NTPC and SECI Announce 230 MW of Solar Tenders Under DCR Category

In two separate announcements, the National Thermal Power Corporation (NTPC) and the Solar Energy Corporation of India (SECI) tendered a combined 230 MW of grid-connected solar project. The NTPC tendered ...
/ / Solar, Tenders & Auctions
Solar Project in Uttar Pradesh

Azure Power Commissions 50 MW Solar Project in Uttar Pradesh

Azure Power has commissioned a 50 MW grid-connected solar project in Uttar Pradesh. The project was tendered by NTPC under the National Solar Mission Phase-II, Batch-II, Tranche-I. In April 2016, ...
/ / Solar, Utility Scale
Utility-scale Solar Project

DISCOM and Developers Agree on Renegotiated Tariff of ₹4.95 (~$0.0762)/kWh in Jharkhand to Develop 685 MW of Solar Projects

Mercom has confirmed that in Jharkhand, power purchase agreements (PPAs) for a total of 685 MW of solar projects out of 1.1 GW will be signed over the next few ...
/ / Solar, Utility Scale
Gujarat Government Agencies Push the Low Bid to ₹2.65/kWh in 500 MW GUVNL Auction in India

Gujarat Government Agencies Push the Low Bid to ₹2.65/kWh in 500 MW GUVNL Auction in India

A low tariff of ₹2.65 (~$0.0413)/kWh was quoted in the recently held Gujarat Urja Vikas Nigam Limited (GUVNL) 500 MW solar auction with aggressive bidding by Gujarat government agencies. The ...
/ / Solar, Tenders & Auctions
Solar Projects in India

Punjab National Bank to Provide $500 Million to Finance Rooftop Solar Projects in India

The Punjab National Bank (PNB) will finance rooftop solar projects in India through a customized program and will provide up to $500 million (~₹32 billion) in term loans to developers ...
/ / Rooftop, Solar
Solar Power in Q2 2017

India Generated 5.5 Billion Units of Solar Power in Q2 2017, an 87 Percent Increase Over Q2 2016

Solar in India accounted for 5.5 billion units of electricity produced in the country during the second quarter (Apr-Jun) of 2017, an 87 percent increase over the second quarter of ...
/ / Solar, Utility Scale
ACME commissions 100 MW in Telangana

ACME Commissions Two Solar Projects Totaling 100 MW in Telangana

ACME Cleantech Solutions commissioned two solar projects totaling 100 MW in Telangana. The solar project developer commissioned a 50 MW project at Nirmal substation in the Adilabad district and another ...
/ / Solar, Utility Scale
Solar Auctions Activity

Solar Auction Activity in India Falls of a Cliff in August

In August, solar auctions fell precipitously in India. Compared to the robust auction activity in June, solar auctions by MWs fell by 95% in August with only 76 MW. Solar ...
/ / Solar, Tenders & Auctions
KERC Wind Tariff Bidding

KERC Sets ₹3.74/kWh as Benchmark Tariff for Wind Projects in Karnataka

The Karnataka Electricity Regulatory Commission (KERC) has fixed ₹3.74 (~$0.058)/kWh as the generic tariff for wind projects in Karnataka. The new benchmark tariff will be applicable through March 31, 2018 ...
/ / Other, Wind
RREC REC Mechanism Renewable Projects

Rajasthan Renewable Energy Corporation Suspends Approval of Renewable Energy Projects Under REC Mechanism

The Rajasthan Renewable Energy Corporation Limited (RRECL) has suspended the approval of all renewable energy (wind, solar) projects under the REC Mechanism in Rajasthan. The RRECL has issued the order ...
/ / Markets & Policy, Solar
Month in a Minute

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Energy Sector in August 2017

IDFC Alternatives’ India Infrastructure Fund II (IIF II), through its wholly-owned subsidiary Vector Green Energy, has entered into definitive agreements with First Solar Power India and its affiliates to acquire ...
/ / Other, Renewable Energy
Solar Power Plant

Tata Power and Adani Top the List of India Solar Project Developers

As utility-scale solar in India takes off, two large power conglomerates – Tata Power and Adani – are leading project development activity. Cumulative large-scale solar installations reached ~13.6 GW in ...
/ / Markets & Policy, Solar
India Renewable Energy Policy Roundup

India Renewable Energy Policy Roundup from August 2017

Government agencies were busy in the month of August with two anti-dumping cases decided against Chinese companies for solar glass and castings for wind turbines. The Ministry of New and ...
/ / Other, Renewable Energy
Railway Solar Auction 67 MW

Railway Energy Management Company Auctions Over 67 MW of Rooftop Solar

The Railway Energy Management Company Limited (REMCL) successfully auctioned 67.38 MW of rooftop solar projects for the Indian Railways. These projects will be developed at premises and properties owned by ...
/ / Solar, Tenders & Auctions
Tata Power Solar 2017 Earnings

Tata Power Solar Sales Jump 52 Percent, Profits Triple

Tata Power Solar said its net sales in fiscal year 2017 increased by 52 percent against the year‑earlier period to ₹2,262 crores. By comparison, net sales of ₹1,490 crores were ...
/ / Finance and M&A, Solar
Websol Solar Cell Module manufacturing

Websol To Scale Up Solar Cell and Module Manufacturing Capacity in India

Websol Energy System Limited has received board approval to scale up its solar cell and module manufacturing capacity in India. According to a Bombay Stock Exchange (BSE) filing, Websol’s board ...
/ / Manufacturing, Solar
Hydro Power Fund

₹160 Billion Hydropower Development Fund to be Finalized

The Government of India is close to finalizing a ₹160 billion (~$2.5 billion) hydropower development fund. “The Centre is set to finalize the creation of a ₹160 billion (~$2.5 billion) ...
/ / Other, Water
Small Hydro CFA MNRE

Financial Assistance Maybe at Risk for Small Hydro Developers Due to Lack of Reporting

The Ministry of New and Renewable Energy (MNRE) has issued an advisory to developers of small hydro projects stating that central financial assistance (CFA) may be at risk due to ...
/ / Other, Water
DCR Tender SECI Coal India

After Lull, DCR Tendering Begins in India

After a long lull, DCR tendering activity has picked up in India’s solar sector. The Solar Energy Corporation of India (SECI) tendered a 200 MW solar project under domestic content ...
/ / Solar, Tenders & Auctions
Solar Under DCR Category

NTPC Tenders 241 MW of Solar Under DCR Category

The National Thermal Power Corporation (NTPC) has tendered another 241 MW of solar in three separate projects under the domestic content requirement (DCR) category to be developed across the states ...
Financing Activity in the Indian Solar Sector So Far This Year

Solar Tender and Auction Activity in India Dropped Significantly in July 2017

Solar tenders and auctions in India slowed down substantially in July 2017. Uncertainty surrounding the applicable GST rates for solar, DISCOMs seeking lower tariffs after the Bhadla record-low bid, and ...
/ / Solar, Tenders & Auctions
Rooftop Solar Panels

Small Rooftop Solar Tenders in India Announced This Week

With the ongoing investigation into the anti-dumping petition filed by Indian Solar Manufacturers Association, GST rate confusion and tariff renegotiations there has been a lull in tendering activity for utility-scale ...
/ / Solar, Tenders & Auctions
Solar RPO In India

Solar RPO in India to be Set at 6.75 Percent for FY 2018-19

The solar renewable purchase obligation (RPO) for financial year (FY) 2018-19 will be set at 6.75 percent, stated Mr. Piyush Goyal, Minister for Power, in the Lok Sabha. The non-solar ...
/ / Solar, Utility Scale