SECI Tenders 100 MW of Wind for Central Public-Sector Enterprises
The Solar Energy Corporation of India (SECI) has issued a tender for 100 MW of interstate transmission system (ISTS) connected wind projects, and only Central Public-Sector Enterprises (CPSEs) are allowed ...
KERC Directs State Distribution Companies to Submit Wind PPAs for Approval
The Karnataka Electricity Regulatory Commission (KERC) has directed the state distribution companies (DISCOMs), BESCOM (Bengaluru Electricity Supply Company), and HESCOM (Hubli Electricity Supply Company) to submit power purchase agreements (PPAs) ...
IEX Launches IPO
The Indian Energy Exchange (IEX) launched its initial public offering (IPO) issuing 60,65,009 equity shares at a face value ₹10 (~$0.15) each. The IEX has priced the shares in the ...
Wind Becomes Competitive with Solar as Tariff Drops to a Record Low ₹2.64/kWh
In India, wind power tariff has dropped below ₹3/kWh for the first time with the lowest winning bid of ₹2.64 (~$0.0413)/kWh quoted in the second 1 GW wind auction conducted ...
ENACT Systems and Everest Industries Launch Commercial and Residential Rooftop Solar Project Management Solution in India
ENACT Systems, a developer of software platforms for solar projects, is partnering with building solutions provider Everest Industries to launch a solar project management solution in India. ENACT’s software platform ...
KERC Sets ₹3.74/kWh as Benchmark Tariff for Wind Projects in Karnataka
The Karnataka Electricity Regulatory Commission (KERC) has fixed ₹3.74 (~$0.058)/kWh as the generic tariff for wind projects in Karnataka. The new benchmark tariff will be applicable through March 31, 2018 ...
Month in a Minute: Important Headlines and Data Points from the Indian Renewable Energy Sector in August 2017
IDFC Alternatives’ India Infrastructure Fund II (IIF II), through its wholly-owned subsidiary Vector Green Energy, has entered into definitive agreements with First Solar Power India and its affiliates to acquire ...
Sale of Non-Solar RECs Decline
With obligated entities required to pay the old renewable energy certificate (REC) rate of ₹1,500/REC, the total number of non-solar RECs sold in August 2017 was 2,89,505, 42 percent lower ...
Inox Wind to Supply 100 MW of Wind Turbines to Adani for Wind Project in Gujarat
Inox Wind, a wind energy solutions providers, has closed a deal to develop a 100 MW wind power project for Adani Green Energy, part of the Adani Group, in Kutch, ...
India Renewable Energy Policy Roundup from August 2017
Government agencies were busy in the month of August with two anti-dumping cases decided against Chinese companies for solar glass and castings for wind turbines. The Ministry of New and ...
MNRE Issues Advisory Asking States to Honor Wind PPAs
Bringing relief to wind project developers across India, the Ministry of New and Renewable Energy (MNRE) has issued an advisory to state governments and state electricity regulatory commissions (SERCs) asking ...
₹160 Billion Hydropower Development Fund to be Finalized
The Government of India is close to finalizing a ₹160 billion (~$2.5 billion) hydropower development fund. “The Centre is set to finalize the creation of a ₹160 billion (~$2.5 billion) ...
Energy Efficient Appliances to be Sold in Fuel Stations Across India
Taking the next steps towards an energy efficient India, the Energy Efficiency Services (EESL) entered into separate memorandum of understandings (MOU) with Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation ...
Saudi Arabia Could be a Significant Renewable Energy Market Going Forward
In the next six years, Saudi Arabia intends to produce 10 percent of its power from renewable sources of energy. The drive towards renewable energy is likely to see the ...
Sri Lanka to Reach 100 Percent Renewables by 2050
Sri Lanka can meet its current and future electricity demand through the use of renewable energy by 2050, according to a joint study by the UN Development Program (UNDP) and ...
Financial Assistance Maybe at Risk for Small Hydro Developers Due to Lack of Reporting
The Ministry of New and Renewable Energy (MNRE) has issued an advisory to developers of small hydro projects stating that central financial assistance (CFA) may be at risk due to ...
India Plans to Deploy Seven Million Electric Vehicles by 2020
India is targeting the deployment of five to seven million electric vehicles in the country by 2020 under the National Electric Mobility Mission Plan (NEMMP) 2020. The NEMMP’s goal is ...
IFC Invests $100 Million in Sri Lanka’s Renewable Energy Sector
The International Finance Corporation (IFC), a World Bank Group member, will invest $100 million to boost financing for renewable energy projects in Sri Lanka. The IFC will collaborate with Sri ...
Renewable Energy Generated 35 Percent of Electricity Demand in Germany in First Half of 2017
According to the latest figures from the Centre for Solar Energy and Hydrogen Research in Baden-Wurttemberg (ZSW) and the German Association of Energy and Water Industries (BDEW), solar PV generated ...
MPERC Proposes Scrapping Must-Run Status of Renewable Energy Generation in Madhya Pradesh
The Madhya Pradesh Electricity Regulatory Commission (MPERC) has proposed applying scheduling and merit order dispatch principles to energy generation from co-generating and renewable energy generating units from time to time, ...
DGAD Recommends Imposition of Anti-Dumping Duty on Imports of Wind Turbine Castings from China
The office of the Directorate General of Anti-Dumping & Allied Duties (DGAD) has recommended the imposition of an anti-dumping duty on castings for wind-operated electricity generators originating in or exported ...
India Renewable Energy Policy Roundup: July 2017
Mercom’s renewable energy policy roundup from central, state and government agencies in India for the month of July 2017: Gujarat Electricity Regulatory Commission (GERC) released the GERC Net-Metering Rooftop Solar ...
Azure Power to Raise $500 Million (~Rs.32 Billion) from Sale of Bonds
Azure Power, an Indian solar power producer, will issue and raise around $500 million (~Rs.32 billion) from the sale of bonds to overseas investors. It bond offering was said to have attracted ...
Important Data Points and Headlines from the Indian Renewable Energy Sector in July 2017
Several hydropower projects in India are witnessing significant overruns in both time and costs. Only 28 percent of the total hydropower potential in India - out of 148 GW has been developed ...
Delhi Electricity Regulatory Commission Issues Draft Regulations for RPOs and RECs for Financial Years 2017-2020
The Delhi Electricity Regulatory Commission (DERC) has issued the Draft DERC (Renewable Purchase Obligation (RPO) and Renewable Energy Certificate (REC) Framework Implementation) Regulations 2017. The DERC has asked stakeholders to ...
