ADB Raises $47 Million From Indian Bonds To Fight Climate Change In India
The Asian Development Bank (ADB) announced this week that it has raised Rs.3 billion (~$47 million), from a new issue of offshore Indian Rupee-linked bonds in an effort to finance ...
DEEP DIVE: Intense Competition Drives Solar Tariffs to a New Record Low of Rs.2.62/kWh at Bhadla Phase-IV Solar Park Auction in India
The solar tariff in India breached the Rs.3 (~$0.046)/kWh mark in the recently concluded 250 MW Bhadla Phase-IV Solar Park auction. The winning tariff of Rs.2.62 (~$0.0405)/kWh quoted in the ...
MNRE Approves Another 1,000 MW Wind Tender
The Ministry of New and Renewable Energy (MNRE) approved a tender of another 1,000 MW under its Wind program on May 4, 2017. “With the success of the first 1,000 ...
Mercom Exclusive: Solar Park Costs on the Rise in India
Solar parks are a vital piece to India’s solar future and were designed to reduce bottlenecks and bring down large-scale project development costs by allocating land and providing transmission infrastructure, ...
Memorandum of Agreements for Sale of Power from 1,000 MW Wind Projects Auctioned by SECI Signed
Memorandum of Agreements for the sale of power from 1,000 MW wind capacity auctioned by Solar Energy Corporation of India, has been signed. The agreements to purchase the power under the Ministry ...
Renewable Energy Accounted for 17.5 Percent of India’s Energy Mix in FY 2016-17
Renewable energy generation in India is on the rise. As of March 31, 2017, renewable energy sources accounted for 17.5 percent of all power generated in India. The country’s total ...
Karnataka Electricity Regulatory Commission Issues Advisory Asking DISCOMs Not to Sign New PPAs with Wind Project Developers in Karnataka
The Karnataka Electricity Regulatory Commission (KERC) has issued an advisory to the state government of Karnataka, asking it to direct all distribution companies (DISCOMs) in the state not to enter ...
India Misses Renewable Energy Installation Target for FY 2016-17 by 5,340 MW
In the financial year (FY) 2016-17, renewable energy projects totaling 11,319.71 MW were installed in India, this was 5,340 MW less than the targeted capacity. The Ministry of New and ...
NTPC Makes Second Bond Offering for $311.5 Million
The National Thermal Power Corporation (NTPC), a government-owned power utility, has priced its second, rupee-denominated five-year masala bond offering for Rs.20 billion (~$311.5 million), in the international markets on April ...
Mercom Exclusive: Domestic Content Requirement Tenders are all but Disappearing
The domestic content requirement (DCR) category, the mandate for solar projects in India to utilize domestically manufactured solar modules and cells, was instituted in the Jawaharlal Nehru National Solar Mission ...
CERC Proposes Levelized Generic Tariff for Select Renewables
The Central Electricity Regulatory Commission (CERC) has proposed a new levelized generic tariff for the purchase of electricity from small hydro projects, biomass with Rankine cycle, non-fossil fuel based co-generation, ...
NTPC Upsizes Medium-Term Note Program to $6 Billion
The National Thermal Power Corporation (NTPC) has upsized the medium-term note (MTN) program to $6 billion. The state-run power generator also issued rupee denominated bonds worth Rs.50 billion (~$772.14 million) ...
Clean Environment Cess That Funds Clean Energy Programs in India Will Now be Used Towards GST Compensation Fund
The Government of India has enacted a bill that will utilize the Clean Environment Cess (India’s version of carbon tax) collected on coal, to finance the Goods and Services Tax ...
Mercom Exclusive: Pent Up Demand for Projects Results in Record Low Bid of Rs.3.15/kWh at the Kadapa Solar Auction in India
The solar tariff in India hit a new low with Solairedirect’s winning bid of Rs.3.15 (~$0.0487)/kWh, which was 4.5 percent lower than the Rs.3.30 (~$0.0494)/kWh (levelized over 25 years) quoted ...
MNRE Releases Competitive Bidding Draft Guidelines for Wind Power Projects
The Ministry of New and Renewable Energy (MNRE) has released draft guidelines for tariff-based competitive bidding process for wind power projects. The draft is open for comments up to April ...
Tata Power Renewable Energy Commissions 100 MW Wind Project in Nimbagallu, Andhra Pradesh
Tata Power Renewable Energy (TPREL), a wholly owned subsidiary of Tata Power, commissioned a 100 MW wind project being developed in Nimbagallu, Andhra Pradesh. TPREL commissioned 36 MW capacity in ...
Andhra Pradesh State Renewable Energy RPO Set at 9 Percent for FY2017-18
The Andhra Pradesh Electricity Regulatory Commission (APERC) has set the state’s renewable purchase obligation (RPO) for the financial year FY2017-2018 at nine percent, of which the solar RPO is 3 ...
Andhra Pradesh Electricity Regulatory Commission Sets Wind Benchmark Tariff at ₹4.35 (~$0.067)/kWh for FY2017-18
The Andhra Pradesh Electricity Regulatory Commission (APERC) has set the benchmark tariff for wind power in Andhra Pradesh at Rs.4.35 (~$0.067)/kWh with accelerated depreciation and ₹4.76 (~$0.073)/kWh without accelerated depreciation ...
ReNew Power Adds 1,056 MW of Renewable Energy Capacity in FY2016-17
ReNew Power, a renewable energy project developer, added 1,056 MW of renewable energy capacity in financial year (FY) 2016-17. The capacity includes 430 MW of solar and 626 MW of ...
ADB to Provide $200 Million Loan to Finance Energy Efficient Lights and Pumps in India
The Asian Development Bank (ADB) will provide a $200 million (~Rs.13 billion) loan to finance energy efficient lights and water pumps in India. The $200 million (~Rs.13 billion) ADB loan ...
Month in a Minute: Important Headlines and Data Points from the Indian Renewable Energy Sector in March 2017
The Asian Development Bank approved a $175 million (~Rs.11.35 billion) loan to the Power Grid Corporation (PGCIL) to expand its solar power transmission network across the country. Payment delays by ...
Mercom Exclusive: Solar Tenders and Auctions Have Slowed in India
While solar installations in India have picked up speed, tender and auction activity has been slowing down over the last couple of quarters. According to Mercom's India Solar Project Tracker, ...
5,400 MW of Wind Power Installed in India FY2016-17
Installed cumulative wind capacity in India has now crossed 32 GW. In the financial year (FY) 2016-17, wind projects aggregating 5,400 MW were installed across India, well over its target ...
Mercom Exclusive: Payment Delays are Increasing Risk and Project Costs for Solar and Wind Projects in Many States
Payment delays by distribution companies (DISCOMs) continue to pose a challenge for the growing renewable energy sector in India as it tries to achieve 175 GW of renewable installations by ...
Greenko Raises $155 Million in Equity Funding
Greenko Energy Holdings (Greenko), a renewable energy company, raised $155 million (~Rs.10.14 billion) in equity funding. The company signed definitive agreements with an affiliate of GIC and an entity that ...
