Author Archives: Saumy Prateek

About Saumy Prateek

Saumy Prateek Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.

saumy@mercomindia.com

@pratsays

Report Finds Municipalities Could Boost Rooftop Solar Adoption Using Bonds

SMC’s Plea to Enter New PPA for Rooftop Solar with Torrent Power at ₹11.33/kWh Rejected

The Gujarat Electricity Regulatory Commission (GERC) has declined a plea filed by the Surat Municipal Corporation (SMC) requesting the commission to direct project developer Torrent Power to enter into a ...
/ / Rooftop, Solar
: Wind, Reverse Auctions, PPA, SECI, ISTS

World Bank Launches New Version of Global Wind Atlas for Onshore and Offshore Wind

The World Bank Group in partnership with the Department of Wind Energy at the Technical University of Denmark (DTU Wind Energy) has launched the Global Wind Atlas 2.3. The Global Wind Atlas ...
/ / Other, Wind
NABARD Inks Pact with GCF to Infuse $100 Million for the Growth of Rooftop Solar in India

NABARD Inks Pact with GCF to Infuse $100 Million for the Growth of Rooftop Solar in India

The National Bank for Agriculture and Rural Development (NABARD) has signed an agreement with the Green Climate Fund (GCF) to infuse $100 million into a project designed to unlock private ...
/ / Rooftop, Solar
Solar: a Game Changer for India’s Agricultural Sector

Maharashtra Floats Tender for 100 MW of Solar Projects for Agricultural Feeders

The Maharashtra State Power Generation Company (MAHAGENCO) has issued two tenders (50 MW each) for 100 MW of grid-connected solar projects to be developed in the western region of the ...
/ / Solar, Tenders & Auctions
Green Climate Fund Pledges $1 Billion to Fight Climate Change in Developing Countries

India Joins Hands with Japan and France for a Sustainable Future

The Cabinet has approved a Memorandum of Understanding (MoU) between India and France in the field of energy efficiency. The MoU is a science and technology agreement, which involves knowledge ...
/ / Other, Renewable Energy
CEA Asks States to Use 5-10% Biomass Pellets for Power Generation in Thermal Plants

Maharashtra’s MSEDCL to Procure 50 MW of Biomass Power Through Reverse Auction

The Maharashtra Electricity Regulatory Commission (MERC) has approved a petition filed by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the long-term procurement of 50 MW of biomass power ...
/ / Other, Renewable Energy
PFC Issues $400 Million of Green Bonds on LSE’s International Securities Market

Namibia Announces Issuance of its First Green Bond

In a first for the country, Namibia recently announced the launch of its green bond. By doing this, Bank Windhoek, a wholly Namibian-owned commercial bank, became the first commercial bank ...
/ / Other, Renewable Energy
More Project Commissioning Delay Cases in Telangana Ruled in Favor of Project Developers

Cabinet Gives In-Principle Approval to REC Ltd’s Takeover by Power Finance Corporation

The Indian government’s Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the takeover of REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise, by the ...
/ / Finance and M&A, Other
Technical Bids Aggregating 750 MW Received for UPNEDA’s 500 MW Solar Tender

NTPC Extends Bid Submission Deadline for its 1.2 GW Solar Tender

The National Thermal Power Corporation (NTPC) has extended the bid submission deadline for the tender to set up 1,200 MW of interstate transmission system (ISTS)-connected solar photovoltaic (PV) projects in the ...
/ / Solar, Tenders & Auctions
Tamil Nadu’s Trichy Floats Tender for 2.4 MW of Solar Projects under Smart Cities Mission

Tamil Nadu’s Trichy Floats Tender for 2.4 MW of Solar Projects under Smart Cities Mission

The Tiruchirappalli Smart City Limited has tendered 2.4 MW of ground-mounted solar photovoltaic (PV) projects to be developed at sewage treatment plant (STP) Panchappur, located near Madurai By-Pass road in ...
/ / Solar, Tenders & Auctions
MNRE Amends Policy for Biomass-Based Cogeneration Projects in India

MNRE Amends Policy for Biomass-Based Cogeneration Projects in India

The Ministry of New and Renewable Energy (MNRE) has amended two clauses in the policy to support the promotion of biomass-based cogeneration projects in sugar mills and other industries in ...
/ / Other, Waste to Energy
Solar and Wind Power Procurement Situation is a Mess

India’s First Mega Solar-Wind Hybrid Auction Sees Lowest Tariff of ₹2.67/kWh

In the first mega solar-wind hybrid auction conducted in the country by the Solar Energy Corporation of India (SECI), a tariff of ₹2.67 (~$0.03794)/kWh emerged as the lowest (L1) one ...
/ / Solar, Tenders & Auctions
Uttarakhand Issues Cross-Subsidy Surcharge for Open Access Customers

After Soaring High in October, Spot Power Price Dips to ₹3.59/kWh in November 2018

In the month of November 2018, the spot power price declined to ₹3.59 ($0.05)/kWh after soaring high in the past few months. The price of ₹3.59 ($0.05)/kWh is 1 percent ...
/ / Demand Response, Grid
Fund for Off-grid Solar in Kenya

Off-Grid Solar Solutions Provider SolarHome Raises $10 Million in Debt Financing

SolarHome, a Singapore-based Pay-As-You-Go (PAYG) off-grid solar solutions provider in southeast Asia, has raised $10 million in debt financing from a consortium of international investors, including Crowdcredit, a cross-border crowdfunding platform ...
/ / Finance and M&A, Solar
Madhya Pradesh Clarifies Cross Subsidy Surcharge Exemption for Captive Power Projects

Madhya Pradesh Clarifies Cross Subsidy Surcharge Exemption for Captive Power Projects

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has dismissed two petitions filed by owners of bagasse-based cogeneration projects against the imposition of cross subsidy surcharge for self-consumption of power. Shri ...
/ / Other, Waste to Energy
NTPC Issues Tender to Enlist Solar Module Suppliers and Manufacturers

NTPC Issues Tender to Enlist Solar Module Suppliers and Manufacturers

The National Thermal Power Corporation (NTPC) has issued a tender for enlisting solar photovoltaic (PV) module manufacturers and suppliers. The enlisted manufacturers or suppliers will supply modules for NTPC’s self-owned ...
/ / Solar, Tenders & Auctions
Tender Issued for 2 MW of Rooftop Solar Projects at Mumbai Monorail Stations and Sites

Tender Issued for 2 MW of Rooftop Solar Projects at Mumbai Monorail Stations

The Mumbai Metropolitan Region Development Authority (MMRDA) has tendered 2 MW of rooftop solar photovoltaic (PV) projects to be developed atop Mumbai monorail stations and sites. The bid-submission deadline is ...
/ / Solar, Tenders & Auctions
Dispute Over One Day Commissioning Delay Causes 30% Solar Tariff Reduction in Karnataka

MNRE Asks Lenders to Insist on BIS Certification of Solar Modules Rather than Tier-1 List

The Ministry of New and Renewable Energy (MNRE) has issued a memorandum concerning the importance of following BIS certification when it comes to quality of solar photovoltaic (PV) modules.  According to ...
/ / Markets & Policy, Solar
Power Sale Agreements for 302 MW of Solar Projects Approved in Maharashtra

Power Sale Agreements for 302 MW of Solar Projects Approved in Maharashtra

The Maharashtra Electricity Regulatory Commission (MERC) has approved power sale agreements (PSAs) for grid-connected solar photovoltaic (PV) projects totaling 302 MW under the Mukhyamantri Saur Krishi Yojana. MERC was reviewing ...
/ / Markets & Policy, Solar
Haryana Electricity Regulator Approves PPA with Deviations for a 10 MW Solar Project

Winning Tariffs Hover Around ₹3.02-3.08/kWh in Uttar Pradesh’s 550 MW Solar Auction

The National Thermal Power Corporation (NTPC) emerged as the lowest (L1) bidder in the auction conducted by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for 550 MW ...
/ / Solar, Tenders & Auctions
Airports Authority of India Floats Tender for 1 MW Solar Project at Vijayawada Airport

Airports Authority of India Floats Tender for Electrical Work of 1 MW Solar Project at Vijayawada Airport

The Airports Authority of India (AAI) is on the lookout for a contractor to do the electrical work for a 1 MW grid-connected solar photovoltaic (PV) project at Vijayawada Airport. The bid-submission ...
/ / Solar, Tenders & Auctions
ENGIE And STOA Form Joint-Venture to Develop Wind Projects in India

World Bank Pledges $200 Billion to Combat Climate Change

Global financial institution World Bank has pledged a corpus of $200 billion for climate action over a five-year period. The World Bank has set this corpus to meet climate targets set by ...
/ / Other, Renewable Energy
Tata Power Signs PPA with GE for Installation of Rooftop Solar Projects

West Bengal Issues Tender for 2 MW of Rooftop Solar Projects

The West Bengal Renewable Energy Development Agency (WBREDA) has tendered 2 MW of grid-connected rooftop solar projects to be developed on customers’ premises in residential, institutional, and social sectors. WBREDA ...
/ / Solar, Tenders & Auctions
Green Climate Fund Pledges $1 Billion to Fight Climate Change in Developing Countries

Green Bank Network to Provide $41 Billion for Green Infrastructure Projects Around the World

Green Bank Network  is expected to mobilize $41 billion in public and private capital for green infrastructure projects around the globe. Green banks are specialised financial institutions that work closely ...
/ / Other, Renewable Energy
Jammu & Kashmir to get 23 GW of Solar Projects Starting With 2.5 GW in Kargil and 5 GW in Leh

Jammu & Kashmir to get 23 GW of Solar Projects Starting With 2.5 GW in Kargil and 5 GW in Leh

The Ministry of New and Renewable Energy (MNRE) has launched a plan for the implementation of 23 GW of ultra mega solar projects in the Leh and Ladakh regions of ...
/ / Solar, Utility Scale