Author Archives: Raj Prabhu

About Raj Prabhu

Raj Prabhu Raj is a recognized thought leader in clean energy markets where his work has influenced policies worldwide. He has a deep understanding of regulatory policy and clean energy markets and his market and opinion pieces are regularly published on both MercomIndia.com and other leading publications globally. Raj is also a regular speaker and presenter on clean energy policy and finance topics at conferences worldwide. Raj attended the KLE College of Science in Bangalore, India for physics and chemistry, and holds a Bachelor of Science Degree in Hotel and Institutional Management from Johnson and Wales University, Rhode Island. More articles from Raj Prabhu.

rajprabhu@mercomcapital.com

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modules

Mercom Exclusive: Domestic Content Requirement Tenders are all but Disappearing

The domestic content requirement (DCR) category, the mandate for solar projects in India to utilize domestically manufactured solar modules and cells, was instituted in the Jawaharlal Nehru National Solar Mission ...
/ / Solar, Tenders & Auctions
small residential rooftop owners

Gujarat Removes Upper Cap on Rooftop System Capacity Being Installed by Consumers

The state government of Gujarat has removed the capacity restriction of 50 percent of the approved load or contracted demand by small residential rooftop owners. Now, residential consumers can install ...
/ / Rooftop, Solar
Solar Project

Government of Madhya Pradesh Signs Project Agreements for 750 MW Rewa Solar Park

The state government of Madhya Pradesh entered into project agreements with ACME Solar, Solenergi Power, and Mahindra Renewables on April 17, 2017, to develop the 750 MW Rewa Ultra Mega ...
/ / Solar, Utility Scale
rooftop

MNRE Exempts Solar Rooftop Materials and Equipment from Customs and Excise Duty

Solar rooftop materials and equipment utilized for rooftop solar projects (grid-connected) is now exempt from customs and excise duty. The Ministry of New and Renewable Energy (MNRE) has released new ...
/ / Rooftop, Solar
Utility Scale

Mercom Exclusive: Pent Up Demand for Projects Results in Record Low Bid of Rs.3.15/kWh at the Kadapa Solar Auction in India

The solar tariff in India hit a new low with Solairedirect’s winning bid of Rs.3.15 (~$0.0487)/kWh, which was 4.5 percent lower than the Rs.3.30 (~$0.0494)/kWh (levelized over 25 years) quoted ...
/ / Solar, Tenders & Auctions
Solar Imports Grow 39 Percent, Exports Decline 56 Percent in the First Ten Months of Financial Year 2016-17

Solar Imports Grow 39 Percent, Exports Decline 56 Percent in the First Ten Months of Financial Year 2016-17

In the ten months from April to January in financial year (FY) 2016-17, the Indian solar sector registered export and import activity totaled $2.2 billion (~Rs.150.3 billion), an increase of ...
/ / Commercial, Solar
Tenders and Auctions

Mercom Exclusive: Solar Tenders and Auctions Have Slowed in India

While solar installations in India have picked up speed, tender and auction activity has been slowing down over the last couple of quarters. According to Mercom's India Solar Project Tracker, ...
/ / Solar, Tenders & Auctions
rooftop

Achievement-Linked Incentives and Awards Program Approved for Grid Connected Rooftop Solar

The government has approved the proposed amendments to the Achievement-linked Incentives and Awards program for grid connected rooftop and small solar power projects. These amendments will come into effect on ...
/ / Rooftop, Solar
Solar tender

Mercom Exclusive: Payment Delays are Increasing Risk and Project Costs for Solar and Wind Projects in Many States

Payment delays by distribution companies (DISCOMs) continue to pose a challenge for the growing renewable energy sector in India as it tries to achieve 175 GW of renewable installations by ...
/ / Grid, Utilities
Solar Park

India’s Solar Park Capacity Increase from 20 GW to 40 GW Has Been Approved

The enhancement of India’s solar park program from 20 GW capacity to 40 GW capacity has received final administrative approval. The President of India has approved the implementation of program ...
/ / Solar, Utility Scale
Rooftop Solar

New Benchmark Costs Set for Rooftop and Small-Scale Solar In India

New benchmark costs have been set for small-scale and rooftop solar projects in India, according to a government release and will come into effect on March 20, 2017. These new ...
/ / Rooftop, Solar
Rooftop Solar

Mercom Exclusive: Renewable Purchase Obligation Compliance Needs to Improve Fast for India to Meet Its Solar Installation Targets

Renewable Purchase Obligation (RPO) is the single most important policy driving renewable energy installations in India towards achieving the aggressive goal of installing 175 GW by 2022 with solar making ...
/ / Solar, Utility Scale
Solar Tariffs

Mercom Exclusive: Solar Tariffs in India Have Fallen by 73 Percent Since 2010

India’s solar sector recently reached record low tariff levels in the auction conducted at the Rewa Solar Park in the state of Madhya Pradesh. India was one of the first ...
/ / Markets & Policy, Solar
CERC Logo

CERC Changes Duration of Long-Term Access and Medium-Term Open Access for Power Projects

The Central Electricity Regulatory Commission (CERC) has released the sixth amendment CERC (Grant of Connectivity, Long-term Access and Medium-term Open Access in Inter-State Transmission and related matters) Regulations 2017. Under ...
/ / Grid, Utilities
Solar Tariff

Karnataka Electricity Regulatory Commission Proposes New Benchmark Solar Tariff of Rs.4.51 (~$0.066)/kWh for Utility-Scale Solar Projects

The Karnataka Electricity Regulatorcy Commission (KERC) has proposed a new benchmark tariff of Rs.4.51 (~$0.066)/kWh for solar PV projects starting April 1, 2017, 31 percent lower than the current benchmark ...
/ / Solar, Utility Scale
ADB

Demonetization Helps DISCOMs Recover Close to Rs.28.75 Billion

The demonetization program has proved to be a positive for India’s power distribution companies (DISCOMs). The Power Finance Corporation (PFC) stated that DISCOMs across the country were paid a total ...
/ / Grid, Utilities
Solar PV

MNRE Reduces Solar Tariffs for Defense VGF Program

The Ministry of New and Renewable Energy (MNRE) has proposed amendments to the guidelines for the implementation of Defense Viability Gap Funding (VGF) Program. The fixed tariff for these projects ...
/ / Solar, Utility Scale
Solar Park 40 GW

Solar Park Installed Capacity Target Increased to 40,000 MW

The Cabinet Committee on Economic Affairs has approved an increase in solar park installed capacity target from 20,000 MW to 40,000 MW for projects to be development in solar parks ...
/ / Solar, Utility Scale
MNRE VGF

MNRE to Reduce Minimum Solar Project Size Under VGF Program

The Ministry of New and Renewable Energy (MNRE) has proposed amendments to the guidelines for implementation of the Viability Gap Funding (VGF) program, reducing the minimum project size of special ...
/ / Solar, Utility Scale
Solar Tender

Another TANGEDCO Tender Sees Tepid Response: Bids for 300 MW Received on a 500 MW Tender

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO), which had tendered 500 MW of solar to meet its renewable purchase obligation (RPO), has received technical bids to develop 300 MW ...
/ / Grid, Utilities
Solar Panel

Mercom Exclusive: Can Domestic Manufacturers Capture a Larger Piece of the Growing Indian Solar Market?

Solar installations in India reached 4 GW in 2016, and are expected to surpass 9 GW in 2017, an incredible pace of growth considering India installed just 883 MW in ...
/ / Markets & Policy, Solar
New Record Low Solar Tariff of Rs.3.30/kWh Logged at Rewa Solar Park Auction in Madhya Pradesh

New Record Low Solar Tariff of Rs.3.30/kWh Logged at Rewa Solar Park Auction in Madhya Pradesh

First Year Tariff of Rs.2.97/kWh - One of the Lowest in the World In the recently concluded 750 MW Rewa Solar Park auction in Madhya Pradesh, bids reached a new ...
/ / Solar, Tenders & Auctions
Mercom Exclusive Rooftop

Mercom Exclusive: Elimination of Key Subsidies Adds to Challenges Faced by Rooftop Solar in India

The government of India in 2014 revised the national solar installation target from 22 GW to an aggressive 100 GW by 2022. The target was split between large-scale solar (60 ...
/ / Rooftop, Solar
Bonds

2017-18 Budget a Disappointment for the Indian Renewable Energy Sector

Overall, India’s 2017-18 budget is a disappointment for renewable energy sector. There were no major subsidies or incentives announced. There had been hope that reduction in accelerated depreciation and the ...
/ / Markets & Policy, Other
Karnataka Solar Policy: State Revises Solar Installation Target to 6,000 MW by March 2021

Karnataka Solar Policy: State Revises Solar Installation Target to 6,000 MW by March 2021

The government of Karnataka has announced amendments to the Karnataka State Solar Policy 2014-21. The estimated solar energy potential of the state has been updated from 20 GW to 24.7 GW ...
/ / Markets & Policy, Solar