₹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 ...
250.1 Million LED Bulbs Distributed Under UJALA Program
There have been 250.1 million smart and energy efficient LED bulbs distributed under the Unnat Jyoti by Affordable LEDs for All (UJALA) program as of July 12, 2017. The Minister ...
RPO System to be Re-evaluated Says Power Minister Piyush Goyal
A separate solar and non-solar renewable purchase obligations (RPO) system should be reviewed according to Mr. Piyush Goyal, Minister of Power. If what’s been proposed by Mr. Goyal comes to ...
With the Advent of Reverse Auctions Wind is a Player Again
India’s wind sector has been around for much longer than the solar sector with steady installations of about 1.5 – 2.5 GW per year. Cumulative wind installations have reached 32 ...
PPAS For 1,050 MW Wind Projects Signed
Power Purchase Agreements (PPAs) for wind projects aggregating 1,049.9 MW were signed between PTC India, a power trading solution provider, and developers who won bids to develop projects in the ...
Haryana Electricity Regulatory Commission Releases Discussion Paper on 2017 Tariff Regulations For Renewable Energy Sources
The Haryana Electricity Regulatory Commission (HERC) has released a discussion paper on HERC (Terms and Conditions for Determination of Tariff from Renewable Energy Sources, Renewable Purchase Obligation (RPO) and Renewable Energy Certificate ...
Breaking: Supreme Court Issues Order Allowing Wind REC Trade
The Supreme Court of India has issued an order allowing the trade in Wind Renewable Energy Certificates (RECs). The highest court in India has removed the stay placed on the ...
Hindustan Power Aggressively Expanding its Global Footprint
Hindustan Power, an Indian Renewable Energy firm, is aggressively expanding its global solar portfolio. The company acquired 15 solar power generation projects in Japan and is poised to enter the ...
Rajasthan Electricity Regulatory Commission Fixes Levelized Generic Tariff for Wind Projects to be Commissioned in FY 2017-18
The Rajasthan Electricity Regulatory Commission (RERC) has fixed the levelized generic tariff for wind power projects to be commissioned in financial year (FY) 2017-18 in Rajasthan. The RERC stated in ...
IFC Invests $103 Million in L&T Infrastructure Finance
The IFC, a member of the World Bank Group, has invested $103 million in L&T Infrastructure Finance Company, a wholly-owned subsidiary of L&T Finance Holdings, by subscribing to the first ...
PGCIL Files Petition Seeking CERC’s Intervention for Efficient Utilization of Bays to Connect Wind and Solar Projects
The Power Grid Corporation of India (PGCIL) has filed a petition with the Central Electricity Regulatory Commission (CERC) seeking regulatory intervention on an urgent basis to ensure efficient utilization of ...
Rural Electrification Corporation Raises $450 Million Through Green Bonds
The state-owned Rural Electrification Corporation of India has raised $450 million through the sale of green bonds on the London Stock Exchange (LSE). The 10-year dated green bond raised $450 ...
