Solis to Launch its 255K Solar Inverter on 22 July 2020
2020 is the year when the photovoltaic industry moves from subsidy to parity, and also the year of great technological change. Since the beginning of the year, at least seven ...
C&I Customers Need to Think of Solar Installations Below 1 MW to Avoid Net Metering Hurdles
India’s rooftop solar capacity stood at 4.6 GW at the end of Q1 2020, against the target of 40 GW by 2022. Out of the total capacity, nearly 70% came ...
Andhra Pradesh Launches Policy to Export Renewable Power to Other States
The Government of Andhra Pradesh (GoAP) has announced its Renewable Energy Export Policy 2020 for solar, wind, and wind-solar hybrid projects. The policy aims to promote the export of renewable ...
Power Consumption in Rural India Plummeted by Nearly 70% During Lockdown: Interview
The lockdown announced in India to curb the virus was one of the longest in the world, and as a result, millions of migrant workers were forced to make their ...
Telangana: Variable Cost for Power Projects Based on Biomass, Bagasse, Industrial Waste
The Telangana State Electricity Regulatory Commission (TSERC) has proposed the variable costs for the existing biomass, bagasse, and industrial waste-based power projects in the state. The costs will be applicable ...
NTPC and NIIF Sign Pact to Attract Investment for India’s Renewable Sector
NTPC Limited said it entered into a memorandum of understating (MoU) with the National Investment and Infrastructure Fund (NIIF) to explore new opportunities for investment in areas of power distribution ...
Wind Power Installations in Second Quarter of CY 2020 Shrink by 82% YoY
India installed 136 MW of wind power projects in the second quarter (Q2 2020) of the calendar year (CY), data from the Ministry of New and Renewable Energy (MNRE) showed ...
Electric Two-Wheeler Maker Ampere acquires 74% stake in E-Rickshaw Company Bestway
Ampere Vehicle, an electric mobility subsidiary of Indian heavy equipment manufacturer Greaves Cotton Limited, announced that it has acquired a 74% stake in Bestway Agencies Private Limited. Bestway is a ...
UK’s Oil Giant BP to Invest $70 Million in India’s Green Growth Equity Fund
United Kingdom-based oil giant BP announced its plans to invest $70 million (~$5.22 billion) in India’s Green Growth Equity Fund (GGEF), which aims at promoting zero carbon and low carbon energy ...
EESL Invites Bids for 9,347,000 Solar Home Lighting Systems for ISA Member Countries
The Energy Efficiency Services Limited (EESL) has invited bids for 9,347,000 solar home lighting systems for member countries of the International Solar Alliance (ISA). The ISA is an Indian initiative that was ...
Adoption of Solar Through Open Access: Roadblocks and the Road Ahead
In the Indian power sector, open access means a mechanism in which large consumers have access to the transmission and distribution network so that they are free to obtain power ...
In FY 2020, 44.3% of Infosys’ Electricity Came From Renewable Sources: Interview
Infosys, an Indian information technology company, recently signed up for 'The Climate Pledge,' committing to achieve net-zero carbon emissions across its businesses by 2040, making it the first Indian company ...
SECI’s 2 GW Wind Tender Increased by 500 MW, to be Complemented with Solar Power
The Solar Energy Corporation of India (SECI) has issued amendments to its recent tender for 2 GW of Interstate transmission system (ISTS) connected wind projects (Tranche IX). The capacity of ...
IFC to Provide $25 Million Loan to Facilitate Green Financing in Nepal
The International Finance Corporation (IFC), the financial arm of the World Bank Group, has announced that it will provide a loan of $25 million to NMB Bank, one of Nepal's ...
Corporate Funding for Solar Slid Globally in 1H 2020 But, It Could Have Been Worse
Total corporate funding – including venture capital (VC) funding, public market, and debt financing – dipped 25% to $4.5 billion (~₹336.09 billion) in the first half of 2020 (1H 2020) ...
Green Hydrogen Production Facility Worth $5 Billion to Come Up in Saudi Arabia’s NEOM
Air Products, in collaboration with ACWA Power and NEOM, announced the signing of an agreement to develop a $5 billion (~₹372.7 billion) green hydrogen-based ammonia production facility powered by renewable ...
IEX’s New Real-Time Power Market Sees Over 515 Million Units of Trading Volume in June
The Indian Energy Exchange (IEX) announced that its new real-time electricity trading platform had enabled a trading volume of 515.46 million units (MUs) of power in June 2020, its first ...
Electricity Act Amendment Proposals That Could Invigorate the Renewable Energy Sector
The Electricity Act of 2003 was enacted by the Government of India to govern the country’s power sector with the best interests of all its stakeholders in mind. The Act’s ...
Suzlon’s Net Losses Rose to ₹26.92 Billion in FY 2020 Amid Historically Low Installations
Pune-based wind turbine-maker Suzlon Energy, in its annual earnings report for the financial year (FY) 2020, reported that its losses during the year had widened due to falling revenues and lower ...
Uttar Pradesh Power Corporation Seeks to Invalidate PSA Termination for 300 MW Wind Power
The Uttar Pradesh Power Corporation Limited (UPPCL) has filed a petition with the Uttar Pradesh Electricity Regulatory Commission (UPERC) seeking it to invalidate the cancellation of a power sale agreement ...
L&T Infrastructure Finance Receives $50 Million from AIIB to Fund Renewable Projects
L&T Infrastructure Finance Company Limited (LTIF), an Indian non-banking financial company (NBFC), announced that it had received the first $50 million (~₹3.72 billion) of a $100 million (~₹7.43 billion) external ...
NTPC and Indian Oil to Set Up a Waste-to-Energy Project in Delhi
The South Delhi Municipal Corporation (SDMC) has signed a memorandum of understanding (MoU) with Indian Oil and NTPC Limited to develop a demonstration waste-to-energy project at the Okhla landfill site ...
Tata Power to Set Up Infrastructure Investment Fund to Bolster Its Renewable Business
Tata Power announced that its board of directors had given its in-principle approval for setting up an infrastructure investment fund (InvIT) for the company’s renewable business. The Mumbai-based power electric ...
Karnataka Mini-Hydro Projects Can Carry Forward Banked Energy for 2 Months
The Karnataka Electricity Regulatory Commission (KERC) has approved a request to carry forward the banked energy from mini-hydropower generators as of May 31, 2020, to July 31, 2020. Any banked ...
Industry Says Lockdown + 30-Days Extension for Stranded Solar Projects Not Enough
In April, the Ministry of New and Renewable Energy (MNRE) came up with a blanket commissioning time extension for all renewable energy projects under construction in the country because of ...
