India’s Solar Generation Increased by 26% in Q2 2020

India’s Solar Generation Increased by 26% in Q2 2020

Between April and June 2020 (Q2), nearly 15.7 billion units (BU) of electricity was generated from solar-based sources, according to data from the Central Electricity Authority (CEA). This was a ...
Month in a Minute_ Top Headlines from India’s Renewable Sector in July 2020

Month in a Minute: Top Headlines from India’s Renewable Sector in July 2020

Here is a recap of some of the most important headlines from the month: The Department of Revenue under the Ministry of Finance issued a notification imposing safeguard duty on ...
SECI Disbursed ₹4.4 Billion to Solar and Wind Power Generators in June 2020

SECI Disbursed ₹4.4 Billion to Solar and Wind Power Generators in June 2020

The Solar Energy Corporation of India Limited (SECI) paid nearly ₹4.4 billion (~$58.8 million) to developers for the purchase of solar and wind power in June 2020. This represented about ...
India's Corporates Have Potential to Add 25 GW of Renewable Energy by 2023_ GWEC Session

India’s Corporates Have Potential to Add 25 GW of Renewable Energy by 2023: GWEC Session

The Global Wind Energy Council (GWEC) hosted a webinar to discuss the scenario and scope of adoption of renewable energy by India's corporate sector. The session 'Corporates in the Global ...
/ / Other, Renewable Energy
What it Takes to Ramp Up Solar Manufacturing in India

What it Takes to Ramp Up Solar Manufacturing in India

The Indian solar industry has been dependent on imported solar cells and modules since the inception of the National Solar Mission. The focus so far has been on project development ...
Solar Rooftop Startup ZunRoof Raises ₹16.6 Million in Second Round of Angel Funding

Solar Rooftop Startup ZunRoof Raises ₹16.6 Million in Second Round of Angel Funding

ZunRoof, an Indian solar rooftop startup, has raised ₹16.6 million ($0.25 million) in second round of angel funding from I3N (intellecap impact investment network) led by Pradeep Tharakan, senior energy ...
/ / Finance and M&A, Solar
Exide and Leclanche form Joint Venture for Li-Ion Battery Manufacturing in India

Exide and Leclanche form Joint Venture for Li-Ion Battery Manufacturing in India

Exide Industries Ltd., an Indian lead acid storage battery manufacturer, and Leclanche, a global energy storage solutions provider, have formed a joint venture (JV) to build lithium-ion (Li-Ion) batteries and ...
SECI’s 3 GW ISTS-Connected Solar PV Tender Oversubscribed by 2.1 GW

SECI’s 3 GW ISTS-Connected Solar PV Tender Oversubscribed by 2.1 GW

The 3 GW Inter-State Transmission System (ISTS)- connected solar photovoltaic (PV) tender which was floated by the Solar Energy Corporation of India (SECI)’s has been oversubscribed by 2.1 GW. According ...
Domestic Manufacturers Ask for 95% Safeguard Duty on Imported Solar Panels

Domestic Manufacturers Ask for 95% Safeguard Duty on Imported Solar Panels

The growth of India’s solar sector is being hampered by the proposed safeguard duty. Earlier this year, more than 2 GW of planned solar tenders were postponed across the three ...
/ / Markets & Policy, Solar
Future Solar Bids to be Coupled with 50 Percent Manufacturing Component_ R.K. Singh

Future Solar Bids to be Coupled with 50 Percent Manufacturing Component: R.K. Singh

Developers of renewable projects will soon be responsible for at least 50 percent of the manufacturing component, news agency PTI reported. "We are going to come out with bigger bids, ...
/ / Manufacturing, Solar
India’s Largest 2 MW Floating Solar Project Commissioned in Greater Visakhapatnam

Maharashtra to Study the Impact of Floating Solar Project on Ujani Dam

The government of Maharashtra has set up a committee to examine the issues related to the development of a floating solar power project at the Ujani dam in Sholapur, according ...
/ / Floating Solar, Solar
CERC Sets National Average Power Purchase Cost for Open Access at ₹3.53/kWh

CERC Sets National Average Power Purchase Cost for Open Access at ₹3.53/kWh

The Central Electricity Regulatory Commission (CERC) has set the national average power purchase cost (APPC) at ₹3.53 (~$0.0518)/kWh for open access.  The CERC had proposed this national APPC in April ...
REIL Retenders 50 MW of Rooftop Solar to be installed on Government Buildings

REIL Retenders 50 MW of Rooftop Solar to be installed on Government Buildings

Rajasthan Electronics and Instruments Limited (REIL), a public-sector enterprise operating in the electronics, information technology, and renewable energy segment, has retendered 50 MW of grid-connected rooftop and small solar projects ...
Gujarat to Provide Farmers with Solar Panels to Produce their Own Power

Gujarat to Provide Farmers with Solar Panels to Produce their Own Power

Gujarat government has announced a program called Suryashakti Kisan Yojana (SKY) through which it would provide farmers with solar panels to generate solar power on their lands. According to the ...
/ / Markets & Policy, Solar
India’s Peak Power Supply Deficit Dipped to 0.7% in Q1 FY 2018-19

Will States Comply with the New Solar RPO Target?

The Ministry for Power recently announced revised solar renewable purchase obligation (RPO) goals for up to FY 2012-22. RPO is the single most important policy driving renewable energy installations in ...
GuarantCo and Sindicatum Renewables Sign Deal for Green Bonds Worth $60 Million

IFC to Issue Green Bonds Worth $90 Million in Philippines

International Financial Corporation (IFC), a member of the World Bank group, has issued its first internationally rated triple-A peso-denominated green bond which is equivalent to $90 million. The bond, called ...
/ / Finance and M&A, Solar
NTPC Tenders 22 MW of Grid-Connected Floating Solar Project in Kerala

NTPC Tenders 22 MW of Grid-Connected Floating Solar Project in Kerala

The National Thermal Power Corporation (NTPC) has tendered a 22 MW grid-connected floating solar photovoltaic (PV) project to be developed at Rajiv Gandhi Combined Cycle Power Plant (RGCCPP) Kayamkulam in ...
/ / Floating Solar, Solar
IFC and Canadian Government to Provide $25 Million for a Solar Project in Zambia

IFC and Canadian Government to Provide $25 Million for a Solar Project in Zambia

The International Financial Corporation (IFC), a member of the World Bank Group, and the government of Canada have joined hands to support Zambia with $25 million in financial aid for ...
/ / Finance and M&A, Solar
Solar Power Consumers Cannot Use Open Access and Net Metering at the Same Time

Solar Power Consumers Cannot Use Open Access and Net Metering at the Same Time

A ruling by the Maharashtra Electricity Regulatory Commission (MERC) has clarified that generators cannot use both Open Access and Net Metering simultaneously. The commission also reiterated that benefits of net-metering ...
Interview: Public Market May Not Have the Appetite for More Than 2-3 Large Renewable IPOs

Interview: Public Market May Not Have the Appetite for More Than 2-3 Large Renewable IPOs

In the past couple of months, a slew of government regulations have been announced for the domestic renewable sector. Mostly, these policies have been aimed at dealing with the ongoing ...
SECI Tenders 2.5 GW of ISTS-Connected Wind and Solar Hybrid Projects

SECI Tenders 2.5 GW of ISTS-Connected Wind and Solar Hybrid Projects

The Solar Energy Corporation of India (SECI) has tendered 2.5 GW of interstate transmission system (ISTS)-connected wind and solar hybrid projects to be developed across the country. The bid-submission deadline ...
India To Provide $20 million Funding to Suriname for Development of Solar

India To Provide $20 Million Concessional Funding to Suriname for Development of Solar

India will partner with Suriname, a South American country, for cooperation in the field of renewable energy. The President of India, Ram Nath Kovind, announced the upcoming partnership between the ...
/ / Markets & Policy, Solar
MAHAGENCO Tenders 750 MW of Solar Projects for Agricultural Feeders

MAHAGENCO Tenders 750 MW of Solar Projects for Agricultural Feeders

The Maharashtra State Power Generation Company (MAHAGENCO) has tendered 750 MW of grid-connected solar photovoltaic (PV) projects to cater to the agricultural (AG) feeder load of various substations across the ...
Sterling and Wilson Emerges as India’s Leading EPC Player in 2017

Sterling and Wilson Emerges as India’s Leading Solar EPC Player in 2017

Based on project capacity commissioned in 2017, Sterling and Wilson has emerged as the leading solar engineering procurement construction (EPC) developer in the country. The newly released report by Mercom ...
Andhra Pradesh Announces Tender for 10 MW of Solar-Wind Hybrid Projects

Gujarat Announces Solar-Wind Hybrid Power Policy

The Gujarat government has announced a new solar plus wind hybrid power policy in a bid to promote the simultaneous production of wind and solar power in the state. Under ...
/ / Markets & Policy, Solar
MNRE Extends Commissioning Date of Solar Projects Affected by GST

MNRE Extends Commissioning Date of Solar Projects Affected by GST

The Ministry of New and Renewable Energy (MNRE) has issued an order extending the commissioning date (COD) of solar photovoltaic (PV) projects that were affected after the imposition of Goods ...
Indian Solar Imports Were Up by 20% in FY 2018

Indian Solar Imports Were Up by 20% in FY 2018

Compared to FY 2016-17, Indian solar imports witnessed a 20 percent spike from approximately $3.19 billion in FY 2016-17 to nearly $3.83 billion in FY 2017-18. Imports increased toward the ...
AfDB Approves $28 Million Loan for Off-Grid Solar in Africa’s Côte d'Ivoire

AfDB Approves $28 Million Loan for Off-Grid Solar in Africa’s Côte d’Ivoire

The African Development Bank (AfDB) approved a ~$27.78 million proposal to secure a loan from Société Générale de Banque in Côte d'Ivoire (SGBCI), Crédit Agricole Corporate, and Investment Bank (Crédit Agricole ...
/ / Finance and M&A, Solar
Indian Railways to Become Net-Zero Carbon Emitter by 2030

Indian Railways to Become Net-Zero Carbon Emitter by 2030

Indian Railways is going green in a big way and plans to become a net-zero carbon emitter by 2030, according to Union Railways Minister Piyush Goyal. Goyal spoke to news ...
/ / Markets & Policy, Solar
MNRE Amends VGF Program Guidelines for Solar Projects

MNRE Amends VGF Program Guidelines for Solar Projects

The Ministry of New and Renewable Energy (MNRE) has amended the guidelines for the implementation of the viability gap funding (VGF) program for solar photovoltaic (PV) projects under National Solar ...