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

Solar Developer Approaches APTEL Against Andhra Govt’s Move to Reduce PPA Tariff

Solar Developer Approaches APTEL Against Andhra Govt’s Move to Reduce PPA Tariff

The ongoing turbulence in the state of Andhra Pradesh regarding the renegotiations of solar and wind PPAs does not appear to be ending anytime soon. In the latest development, a ...
After SECI, Andhra Govt Writes to NTPC for Revision of Tariff for 1.25 GW of Solar Projects

After SECI, Andhra Govt Writes to NTPC for Revision of Tariff for 1.25 GW of Solar Projects

After writing to the Solar Energy Corporation of India (SECI) seeking a revision in the power sale agreements (PSAs) for 400 MW of grid-connected solar photovoltaic (PV) projects, the Andhra ...
Lender Can Substitute Promoter in Case of Solar Generator Default_ Amended Guidelines

Lender Can Substitute Promoter in Case of Solar Generator Default: Amended Guidelines

The Ministry of Power has amended the competitive bidding guidelines for the procurement of power from grid-connected solar photovoltaic (PV) projects. This is the third time these guidelines have been amended. The ...
/ / Uncategorized
First Half of 2019 Sees $6 Billion Corporate Funding Raised by the Solar Sector Globally

First Half of 2019 Sees $6 Billion Corporate Funding Raised by the Solar Sector Globally

In the first half of 2019 (1H 2019), funding activity in the solar sector was on an upward trajectory when compared to the same period last year. Total corporate funding ...
/ / Finance and M&A, Solar
India Imposes Provisional Duty on Coated Flat Products Used in Solar Mounting Structures

India Imposes Provisional Duty on Coated Flat Products Used in Solar Mounting Structures

The Directorate General of Trade Remedies (DGTR) has issued its preliminary findings in the anti-dumping investigation on the imports of aluminum and zinc-coated flat products originating in or exported from ...
Revise Tariff for 400 MW of Solar Projects or DISCOMs will Terminate PPA_ Andhra Govt to SECI

Revise Tariff for 400 MW of Solar Projects or DISCOMs will Terminate PPA: Andhra Govt to SECI

The future of power sale agreements (PSAs) for 400 MW of grid-connected solar projects in Andhra Pradesh appears uncertain. The Andhra Pradesh Southern Power Distribution Company (APSPDCL) has written to ...
/ / Uncategorized
India Likely to Have 300 GW of Solar and 140 GW of Wind Capacity by 2030: CEA

India Likely to Have 300 GW of Solar and 140 GW of Wind Capacity by 2030: CEA

With its focus on India’s aim to achieve 40% non-fossil fuel generation capacity in the country’s power generation mix by 2030, the Central Electricity Authority (CEA) has released a draft report on ...
/ / Demand Response, Grid
96,376 Solar Pumps for Farmers Have Been Approved in 2 Years

96,376 Solar Pumps for Farmers Have Been Approved in 2 Years

The Government of India has a target of adding over 10,000 MW of solar capacity to solarize the agriculture sector. Solar power is one of the most versatile forms of ...
MNRE Relaxes Land-Owning Criteria in its Solar Park Program for CPSUs

MNRE Relaxes Land-Owning Criteria in its Solar Park Program for CPSUs

The Ministry of New and Renewable Energy (MNRE) has issued a memorandum modifying certain provisions of its solar park program for the Central Public Sector Undertaking (CPSU) units. According to the MNRE, ...
RK Singh Asks Andhra Pradesh CM to Exercise Restraint in Solar & Wind PPA Renegotiations

RK Singh Asks Andhra Pradesh CM to Exercise Restraint in Solar & Wind PPA Renegotiations

The Minister for Power R. K. Singh has written to Andhra Pradesh Chief Minister Jaganmohan Reddy, cautioning him to practice restraint when it comes to renegotiations of power purchase agreements ...
China’s National Energy Administration (NEA) has approved 22.78 GW of feed-in tariff (FiT) based solar projects. These solar PV projects are expected to be grid-connected by December 2019. They have been approved under China’s first national unified bidding for solar projects seeking feed-in-tariffs. A total of 4,338 solar PV projects with a combined capacity of 24.55 GW were proposed to be developed, but only 3,921 projects totaling 22.78 GW have received the official approval. Apart from these, 417 proposed solar projects with a capacity of approximately 1.77 GW have not been approved. Out of the approved projects, 366 are ground-mounted utility-scale solar projects with a total capacity of 18.12 GW. Moreover, 473 of them are distributed generation solar projects totaling 0.56 GW while 3,082 are self-generation or excess capacity solar projects totaling 4.10 GW. The feed-in-tariffs approved range from RMB 0.2795 ($0.0406)/kWh to RMB 0.55 ($0.08)/kWh. The average submitted tariff was RMB 0.3281 ($0.0478)/kWh, and the official deadline of the approved 22.78 GW is set for December 31, 2019. If the grid connection takes place in 2020, the approved tariffs will be reduced by RMB 0.01 ($0.001)/kWh each quarter up to the second quarter of 2020. If solar PV projects are connected after June 30, 2020, the approved feed-in-tariff will be revoked, and the projects would stand canceled. In May 2019, the Price Bureau of China’s National Development and Reform Commission had announced the level of solar FiT payments for large-scale projects. For the ease of implementation, the country had been broadly categorized into three regions: Region 1, 2, and 3. In the 2019 bidding process, 23 provinces had participated. The most favored destination is Guizhou Province with more than 3.6 GW, followed by Shaanxi Province with more than 3 GW, and 13 other provinces, each with more than 1 GW to be installed. Gansu Province and Xinjiang Autonomous Region were not allowed to participate due to the prevailing grid curtailment issues. Heilongjiang, Jilin, Yunnan, and Hainan did not join this bidding process, mainly due to limited grid capacities. According to Frank Haugwitz of Asia Europe Clean Energy (Solar) Advisory (AECEA), larger projects were allowed to submit competitive tariffs with the lowest at RMB 0.2795. “Given the 2019 results, it appears that the single most important evaluation criterion was the feed-in-tariff submitted by the developers. It is possible that during the 2020 bidding, other factors might be taken into account when evaluating submitted bids in an attempt to increase the share of distributed projects,” he added. According to Frank’s communique, “In light of the 22.78 GW of feed-in-tariff supported projects approved, AECEA has increased its 2019 full-year guidance from 32-34 GW to 38-42 GW, thus still representing a decline of approximately 5-14% year-over-year. AECEA’s forecast takes into account the feed-in-tariff, grid-parity, residential, poverty alleviation, top-runner, and demonstration projects along ultra-high voltage long-distance transmission lines. According to China’s National Renewable Energy Centre (CNREC) data, between January and May 2019, a total of 7.61 GW of solar PV projects were installed, representing a decrease of 44% year-over-year (YoY). Ground-mounted utility-scale projects amounted to 3.83 GW (+9% YoY), and distributed projects totaled 3.27 GW (-61% YoY). In May, only 1.43 GW of solar capacity was installed, a decline of 42% YoY. The CNREC estimates that in June, possibly 5 GW could be installed, leading to approximately 12.6 GW during the first half of 2019. Compared with the 24.30 GW capacity installed during the same period in 2018, this will represent a decrease of approximately 52% YoY. At the end of May 2019, China was home to 182.07 GW of total installed solar power generation capacity comprising 127.68 GW (70.2%) of ground-mounted utility-scale projects and 54.39 GW (29.8%) of distributed generation. Mercom recently reported that China installed 5.2 GW of solar PV capacity in the first quarter of 2019. When compared to Q1 2018, this was nearly a 40% decline in the installation numbers in which China had installed 9.65 GW of solar PV capacity.

China Approves Nearly 23 GW of Solar Projects Based on Feed-in Tariff Mechanism

China’s National Energy Administration (NEA) has approved 22.78 GW of the Feed-in Tariff (FiT) based solar projects. These solar PV projects are expected to be grid-connected by December 2019. They ...
Tata Power Solar Gets ₹6.10/kWh as Tariff for a 17 MW Project Commissioned in 2016

Tata Power Solar Gets ₹6.10/kWh as Tariff for a 17 MW Project Commissioned in 2016

The Karnataka Electricity Regulatory Commission (KERC) has provided relief to Chirasthaayee Saurya Ltd. in the matter of tariff determination for a 17 MW solar project at Kanakagiri town located in Koppala ...
/ / Commercial, Solar
Nearly 10 GW of Renewable Capacity Added to Green Energy Corridor

Nearly 10 GW of Renewable Capacity Added to Green Energy Corridor: RK Singh

The Government of India has been working for a while now to expedite the implementation of transmission infrastructure for the evacuation of power from renewable energy projects. To accelerate the ...
Rajasthan Budget Targets 1.4 GW of Wind, 4.9 GW of Solar in the Next Five Years

Rajasthan Budget Targets 1.4 GW of Wind, 4.9 GW of Solar in the Next Five Years

The revised 2019-2020 budget for Rajasthan has introduced various grants for the renewable energy sector. The chief minister of Rajasthan, Ashok Gehlot, in his budget speech, mentioned that the new ...
NTPC Gets Category I License for Inter-State Trading of Electricity

NTPC Gets Category I License for Inter-State Trading of Electricity

In a significant development for the country’s power sector, the Central Electricity Regulatory Commission (CERC) has granted a ‘Category I Electricity Trading License’ to the National Thermal Power Corporation (NTPC) ...
/ / Grid, Market & Policy
Gujarat Asks Winners of its 1 GW Wind Auction to Match the Lowest Tariff

Gujarat Asks Winners of its 1 GW Wind Auction to Match the Lowest Tariff

Clouds of uncertainty are hovering over 1,000 MW of wind projects in Gujarat. After awarding the capacities in May 2019, the Gujarat Urja Vikas Nigam Limited (GUVNL) has now asked ...
/ / Other, Wind
Budgetary Allocation for Solar Increased by 1% While Coal Gets a 48% Boost in 2019-20

Budgetary Allocation for Solar Increases by 1% While Coal Gets a 48% Boost in 2019-20

In the recently announced budget for FY 2019-2020, there is a very slight increase in the budgetary allocation of funds for the solar energy sector when compared to the allocation ...
Spot Power Price Continues to Soar Four Months in a Row, Hovers at ₹3.34/kWh in May 2019

Spot Power Price Dips Slightly in June 2019 at 3.32/kWh as Solar Generation Rises

In June 2019, the spot power price was recorded at ₹3.32 (~$0.0483)/kWh. After soaring high for four consecutive months in 2019, the spot power price has now declined slightly by ...
/ / Grid, Market & Policy
ABB

ABB to Quit Solar Inverter Business, FIMER to Take Over

Switzerland-headquartered ABB and Italian company FIMER have signed an agreement under which FIMER will acquire ABB’s solar inverter business. The transaction is expected to enhance the prospects of the solar ...
National Electric Mobility Plan 2020 Targets Deployment of Up to 7 Million EVs Across India

National Electric Mobility Plan 2020 Targets Deployment of Up to 7 Million EVs Across India

The National Electric Mobility Mission Plan (NEMMP) 2020 targets the deployment of up to 7 million hybrid and electric vehicles (EVs) in India by 2020. This is a ‘national mission’ ...
India’s Economic Survey Predicts $330 Billion Investment in Renewable Sector by 2030

India’s Economic Survey Predicts $330 Billion Investment in Renewable Sector by 2030

India is among the top five countries in the world in terms of installed wind and solar capacity. According to the Economic Survey 2018-19, India ranks fourth in terms of ...
India’s Renewable Industry Attracted FDI Worth $1.4 Billion in 2018-19

India’s Renewable Industry Attracted FDI Worth $1.4 Billion in 2018-19

Foreign direct investment (FDI) in India’s renewable energy sector has been gradually increasing over the past five financial years. The FDI inflow has increased significantly since the formation of Invest ...
PPA for 12 MW Waste Gas-Based Captive Project Approved in West Bengal

PPA for 12 MW Waste Gas-Based Captive Project Approved in West Bengal

The West Bengal Electricity Regulatory Commission (WBERC) has approved the power purchase agreement (PPA) for a 12 MW waste gas-based power generation project in the state. The commission had received ...
Budget 2019

Promising Budget 2019 Instills Hope in India’s Renewable Industry and E-Mobility Segment

The new budget is here and it sounds promising for the country’s fledgling non-conventional energy sector. This year’s budget shows a marked increase in the budgetary allocations for renewable energy ...
Himachal Pradesh Sets Tariff for Kinnaur’s 300 MW Hydro Project

Himachal Pradesh Sets Tariff for Kinnaur’s 300 MW Hydro Project

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has set the tariff for sale of power from BASPA II, which is a 300 MW hydropower project located on river Baspa (a tributary ...
/ / Other, Water