IL&FS Sells Seven Wind Power Subsidiaries Totaling 873 MW to Japan’s Orix
Orix, a financial services group headquartered in Tokyo, has announced that it will acquire 51% stake in seven wind power generating subsidiaries which it jointly owns with Infrastructure Leasing & ...
National Oil Marketing Firms Float EoI To Procure Biodiesel Made from Used Cooking Oil
The Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan recently released an Expression of Interest (EoI) floated by the national oil marketing companies such as Indian Oil, Bharat ...
EBRD, IFC, and OPIC Provide $252 Million for a 250 MW Wind Project in Gulf of Suez
The European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), and the Overseas Private Investment Corporation (OPIC), are jointly investing $252 million (~₹17.96 billion) for a new ...
DISCOMs Across States Owe Nearly ₹30 Billion to Renewable Generators: CEA
The Central Electricity Authority (CEA) has found that distribution companies across the country owe dues totaling ₹30.12 billion (~$420 million) to renewable energy projects aggregating 5,982 MW. Last week, Mercom reported that ...
APTEL Stalls Andhra DISCOM’s Move to Cancel Axis Energy’s Wind PPA
Andhra Pradesh’s decision to withdraw 21 wind power purchase agreements (PPAs) including that of Axis Wind Farms has been stalled by the Appellate Tribunal for Electricity (APTEL). Andhra Pradesh South ...
Over 1 GW of Solar Tenders Floated But No Auctions in July 2019
After witnessing a huge surge in tender announcements in June 2019, the tender and auction activity slowed down in July. Nearly 800 MW of solar projects were tendered, 300 MW ...
DISCOM Asked to Settle Accumulated Interest Payments to Two Wind Developers
In a recent judgment, the Karnataka Electricity Regulatory Commission (KERC) ordered Hubli Electricity Supply Company Limited (HESCOM) to pay the dues to VRL Logistics Limited and Maris Power Supply Company ...
CERC Overlooks Procedural Delays, Grants RECs to Captive Generator in Uttar Pradesh
In a recent order, the Central Electricity Regulatory Commission (CERC) directed the National Load Dispatch Centre (NLDC) and Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) to issue the ...
MNRE Clarifies Renewables Fixed Charges Calculation for Payment Security Mechanism
The Ministry of New and Renewable Energy (MNRE) has issued a clarification regarding fixed charges in the newly issued payment security mechanism regulations. The ministry has stated that in the case ...
Solar Continues to Shine, Makes Up 8.7% of India’s Total Power Capacity as of June 2019
Renewable energy capacity additions crossed 120 GW mark (including large hydro) and accounted for nearly 35.4% of India’s capacity mix at the end of June 2019. The share of solar ...
Rajasthan to Levy Additional Charges for Sustained Deviation in Scheduling of Power
The Rajasthan Electricity Regulatory Commission (RERC) has issued a methodology for sign change and additional charges for its violation under the Deviation Settlement Mechanism (DSM). According to the commission, if there ...
Gujarat Asks Wind Developers to Match Lowest Tariff, Only Two Agree
The Gujarat Urja Vikas Nigam Limited (GUVNL) had requested the winning bidders in its recently concluded wind power auction to match the lowest bid of ₹2.8 (~$ 0.04). Only two ...
Even with Court’s Stay Order in Place, Andhra Pradesh to Cancel 21 Wind PPAs
The ongoing feud between solar and wind project developers and the government of Andhra Pradesh (AP) has escalated further, and the state has now decided to withdraw the power purchase ...
Nearly 4,604 MW of Small Hydro Projects Commissioned in India Until June 2019
The Union Ministry of New and Renewable Energy announces small hydropower (SHP) programs from time to time to provide central financial assistance (CFA) to both government and private sectors involved ...
UAE’s Masdar and France’s EDF Secure Financing for 400 MW Wind Farm in Saudi Arabia
With the support of Saudi and international banks, the consortium comprising EDF Renewables and Masdar has completed the financing of the Dumat Al Jandal utility-scale wind project in Saudi Arabia ...
After High Court’s Stay, Andhra Pradesh Begins Curtailing Wind Power Severely
The situation in Andhra Pradesh has become a matter of concern for solar and wind project developers. The issue has escalated over the past week with renewable developers approaching the ...
CEL to Empanel EPC Contractors for Installing Battery Energy Storage Systems
The Central Electronics Limited (CEL), a public-sector enterprise of the government of India (GoI), has floated an expression of interest (EoI) inviting engineering, procurement, construction (EPC) contractors to empanel for ...
Maharashtra Entities Asked to Refund Evacuation Cost Incurred by Bagasse-Based Project
The Maharashtra Electricity Regulatory Commission (MERC) has ruled in favor of Dr. Babasaheb Ambedkar Sahakari Sakar Karkhana Ltd. which had filed a petition regarding its 25.7 MW bagasse-based cogeneration power ...
Opposing PPA Reviews, Renewable Developers Move High Court Against Andhra DISCOM
After the state distribution company (DISCOM) issued letters to entities and developers to revise tariffs for solar and wind projects which already have power purchase and sale agreements (PPAs and ...
Ministry of Power Amends Competitive Bidding Guidelines for Wind Procurement
The Ministry of Power (MoP) has amended the competitive bidding guidelines for the procurement of power from grid-connected wind energy projects. This is the first time that these competitive bidding guidelines for ...
Nearly ₹29 Billion Allotted for Off-Grid Renewable Generation in Last 3 Years
A corpus of ₹29.37 billion (~$0.43 billion) has been provided for off-grid renewable energy generation sources in the past three consecutive budgets, beginning with the financial year (FY) 2016-17 and ...
India Plans to Utilize Compressed Biogas as Alternative Green Transport Fuel
India is poised to utilize its huge biomass potential in the coming years. Biomass and organic waste sources like paddy straw, farm stubble, agricultural residue, cattle dung, sugarcane press mud, ...
Southern and Western Regions of India Recorded Zero Power Supply Deficit in Q1: CEA
During the first quarter (Q1) of the financial year (FY) 2019-20, India’s power supply increased slightly with the power deficit declining to 0.4% from the 0.6% recorded during the Q1 ...
Renewable Project Developer Greenko Receives $329 Million in Equity
After receiving $495 million (~₹33.92 billion) as primary equity from General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA), Greenko Energy Holdings (Greenko), has now secured another $329 million ...
Andhra Government Summons Wind Power Developers for Retrospective Tariff Negotiation
Continuing with its decision to renegotiate the Power Purchase Agreements (PPAs) for wind and solar power projects signed during the former Chief Minister Chandrababu Naidu’s tenure, the present government of ...
