AT&C Losses Increased in Many States Under UDAY Program in 2017

AT&C Losses Increased in Many States Under UDAY Program in 2017

The aggregate technical and commercial (AT&C) losses for the states and union territories under the Ujwal DISCOM Assurance Yojana (UDAY) program increased in the past one year, according to government ...
/ Markets & Policy, Other
Coal India Report Acknowledges Solar as a Key Substitute for Coal in India

Coal India Report Acknowledges Solar as Key Substitute for Coal in India

A new report sheds light on the increasing significance of renewable sources, especially solar, which could soon become key substitutes for coal-fired power in India.  The Coal Vision 2030 report ...
/ Other, Renewable Energy
Wind Matches Lowest Solar Winning Bid of ₹2.44/kWh in SECI’s 2 GW Auction

Wind Matches Lowest Solar Winning Bid of ₹2.44/kWh in SECI’s 2,000 MW Auction

The Solar Energy Corporation of India (SECI) has successfully auctioned 2 GW of Inter-State Transmission system (ISTS)-connected wind projects under Tranche III. ReNew Power has won the bid to develop ...
/ Other, Wind
KERC Asks DISCOMs to Stick to Competitive Bidding Guidelines for Wind Projects

KERC Asks DISCOMs to Stick to Competitive Bidding Guidelines for Wind Projects

The Karnataka Electricity Regulatory Commission (KERC) has issued an order directing all distribution companies (DISCOMs) in the state to procure wind power according to the competitive bidding guidelines for wind projects in ...
/ Other, Wind
CEA Asks States to Use 5-10% Biomass Pellets for Power Generation in Thermal Plants

CEA Asks States to Use 5-10% Biomass Pellets for Power Generation in Thermal Plants

To help tackle air pollution issues, the Ministry of Power has issued a policy that calls for using 5-10 percent of biomass pellets alongside coal for power generation in thermal ...
/ Biofuel, Other
Non-Solar REC Trading Falls Drastically in January After Hitting December High

Non-Solar REC Trading Falls Drastically in January After Hitting December High

After touching new highs in December 2017, the trade in non-solar Renewable Energy Certificates (RECs) declined by almost two-thirds in January 2018 to 1.2 million total buy bids. The decline ...
/ Other, Renewable Energy
Suzlon Signs Agreement with ReNew Power for Development of Wind Project in Karnataka

Suzlon Signs Agreement with ReNew Power for Development of Wind Project in Karnataka

Suzlon, a wind turbine manufacturer and renewable energy project developer, has bagged a repeat order of 96.6 MW from renewable energy project developer ReNew Power for the development of a ...
/ Other, Wind
Cost of Generating Renewable Energy Will Continue to Fall Says IRENA

Cost of Generating Renewable Energy Will Continue to Fall, Says IRENA

The cost of electricity generated by new renewable power projects once again declined for projects commissioned during 2017, continuing a trend that has been underway for years. These findings were ...
/ Energy Efficiency, Other
Small Hydro Projects Gain Momentum in India

Small Hydro Projects Gain Momentum in India, over 4 GW Installed

As India walks towards a greener future, small hydro power projects are gradually gaining traction in the country. As of November 2017, small hydro projects totaling 4,399.35 MW have been ...
/ Other, Renewable Energy
DISCOMs Push Trade in Non-Solar RECs to A New High in December

DISCOMs Push Trade in Non-Solar RECs to A New High in December

Distribution companies (DISCOMs) making a mad dash to purchase non-solar Renewable Energy Certificates (RECs) to fulfill their Renewable Purchase Obligations (RPOs) before the end of the year have propelled India’s ...
/ Other, Wind
MSEDCL Wind Tender 500 MW

MSEDCL Tenders 500 MW of Wind Projects to Meet Non-Solar RPO

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has tendered 500 MW of grid-connected wind projects to meet its non-solar Renewable Purchase Obligation (RPO). The bid-submission deadline is January 20, ...
/ Other, Wind
Wind Auction GUVNL 500 MW

Breaking News: New Low Wind Tariff of ₹2.43/kWh Recorded in GUVNL’s 500 MW Auction

Wind power tariffs dropped to a record-low level of ₹2.43 (~$0.038)/kWh quoted in the Gujarat Urja Vikas Nigam Ltd. (GUVNL) 500 MW auction in Gujarat. This is even lower than ...
/ Other, Wind
YES Bank and EIB Announce Renewable Energy Financing Program for India

YES Bank and EIB Announce $400 Million Renewable Energy Financing Program for India

YES Bank, one of the largest private sector banks in India, has collaborated with the European Investment Bank (EIB), the European Union's non-profit long-term lending institution, to formulate a renewable ...
/ Other, Renewable Energy
APERC Approves PPAs for 841.32 MW of Wind

APERC Approves PPAs for 841.32 MW of Wind

The Andhra Pradesh Electricity Regulatory Commission (APERC) has approved Power Purchase Agreements (PPAs) for 41 wind projects aggregating 841.32 MW. An APERC official confirmed the approval of PPAs and said ...
/ Other, Wind
ReNew Power Acquires 103 MW of Wind Projects for over $155 Million

ReNew Power Acquires 103 MW of Wind Projects for over $155 Million

Indian renewable energy project developer ReNew Power has acquired a 100 percent stake in KCT Renewable Energy Private Limited (KCTREPL) from the Karm Chand Thapar (KCT) Group for over ₹10 ...
/ Other, Wind
Ministry of Power Issues Final Competitive Bidding Guidelines for Wind Projects

Ministry of Power Issues Final Competitive Bidding Guidelines for Wind Projects

The Ministry of Power has issued the final competitive bidding guidelines for wind projects in India. The guidelines aim to provide a framework for the cost-effective procurement of wind power ...
/ Other, Wind
PFC Issues $400 Million of Green Bonds on LSE’s International Securities Market

PFC Issues $400 Million of Green Bonds on LSE’s International Securities Market

The Power Finance Corporation (PFC), an undertaking of the government of India, made its first international bond issuance in more than two decades last week when it issued $400 million ...
/ Finance and M&A, Other
Trade of Non-Solar RECs Jumps in November As RPO Deadline Nears

Trade of Non-Solar RECs Jumps in November As RPO Deadline Nears

The trade in non-solar renewable energy certificates (RECs) witnessed a steep hike in November 2017, with a total of 2,207,622 of non-solar RECs sold. This is 353 percent higher than ...
/ Other, Renewable Energy
Wind SECI ISTS 2 GW Tender

SECI Tenders 2 GW of Inter-State Transmission System-Connected Wind Projects

The Solar Energy Corporation of India (SECI) has issued RfS for 2 GW of inter-state transmission system (ISTS)-connected wind projects. The capacity has been tendered under Tranche-III. The bid-submission deadline ...
/ Other, Wind
ADB to Provide $44.76 Million Grant to Develop 20 MW of Grid-Connected Solar in Afghanistan

ADB to Provide $44.76 Million Grant to Develop 20 MW of Grid-Connected Solar in Afghanistan

The Asian Development Bank (ADB) has agreed to provide a $44.76 million (~₹2.88 billion) grant to help develop 20 MW of grid-connected solar in Afghanistan. The grant was approved by ...
/ Finance and M&A, Other
Power Sale Agreement for 1 GW Wind signed SECI

Power Sale Agreement for 1,000 MW of Wind Projects Signed

Power Sale Agreement (PSA) for 1,000 MW of inter-state transmission system (ISTS)-connected wind projects has been signed. The Solar Energy Corporation of India (SECI) entered PSAs with distribution utilities/companies (DISCOMs) ...
/ Other, Wind
MNRE SECI Wind 2 GW ISTS Program

Breaking: To Leverage Dip in Tariff, SECI to Tender 2 GW of ISTS-Connected Wind Projects in December 2017

The Solar Energy Corporation of India (SECI) will be tendering 2,000 MW of inter-state transmission system (ISTS)-connected wind projects to be developed across the windy states in December 2017. The ...
/ Other, Wind
ABB India Results

ABB India Sees After-Tax Profits Rise by 18% in Q3 2017

Consistent cost structure improvements helped ABB India boost its after-tax profits by 18 percent year-over-year to ₹830 million (~$12.8 million) in the third quarter of 2017, despite seeing its revenue ...
/ Other, Press Releases
Suzlon Group Generated Revenue in H1 FY 2017-18

Suzlon Group Generated Revenue of ₹38.52 Billion in H1 FY 2017-18

Suzlon Group, a renewable energy solutions provider, generated revenue of ₹38.52 billion (~$587.24 million) in the first half of financial year (FY) 2017-18. The company announced pre-forex earnings before interest, ...
/ Other, Press Releases
Vestas Wind Order from Atria Power

Vestas Receives 40 MW Wind Order in Karnataka from Atria Power

Atria Brindavan Power Private Limited has placed a 40 MW order with Vestas for the second phase of the Basavane Bagewadi Wind Project in the Bijapur district of Karnataka state ...
/ Other, Wind