Azure Power Quarterly Report

Azure Power Records Revenues of $20.3 Million for the Quarter Ending March 31, 2017

Azure Power (NYSE: AZRE) announced its consolidated financial results for the fiscal fourth quarter 2017, period ending March 31, 2017. The company declared revenue of $20.3 million for the quarter ending March ...
/ / Other, Press Releases
IEX IPO

Indian Energy Exchange (IEX) to Launch IPO

The Indian Energy Exchange (IEX), India’s power trading platform, is expected to launch an initial public offering (IPO) soon. The IEX filed draft papers with the Securities and Exchange Board ...
/ / Finance and M&A, Other
TANGEDCO Wind

TANGEDCO Tenders 500 MW of Wind to Meet RPO

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) tendered 500 MW of wind. The bid-submission deadline is July 18, 2017. The TANGEDCO will sign 25-year power purchase agreements (PPAs) with ...
/ / Other, Wind
wind project

GUVNL Tenders 500 MW of Wind in Gujarat to Meet RPO

The Gujarat Urja Vikas Nigam Limited (GUVNL) tendered 500 MW of wind to be installed across the state of Gujarat. The bid-submission deadline is July 10, 2017. The GUVNL has ...
/ / Other, Wind
wind turbines

NTPC Tenders 250 MW of Wind

The National Thermal Power Corporation (NTPC) tendered 250 MW of wind to be developed across the states of Gujarat, Andhra Pradesh, Karnataka, and Madhya Pradesh in India. The bid-submission deadline ...
/ / Other, Wind
Renewables

Renewable Energy Installations Reach 57.5 GW in India

Renewable energy installations in India continue to grow, accounting for ~17.5 percent of India’s energy mix as of April 2017. In comparison, renewable energy accounted for 14.15 percent a year ...
/ / Other, Renewable Energy
power financial corporation

Power Finance Corporation to Shift Investments Towards Renewables

The Power Finance Corporation (PFC), a government owned financial Institution, is planning to shift its investments away from conventional energy and towards renewable energy projects, last-mile transmission and distribution projects ...
India’s Solar Industry Reacts to Modi Government’s Win in Lok Sabha Elections 2019

IREDA to Launch IPO

The Cabinet Committee on Economic Affairs has approved the launch of IREDA’s initial public offering (IPO) today, the 7th of June 2017. Indian Renewable Energy Development Agency (IREDA) will issue 139 million equity ...
Where Are We With GST

Mercom Exclusive: Effects of 5 Percent GST on Solar in India

India’s Finance Minister, Arun Jaitley, confirmed a solar goods and services tax (GST) rate of 5 percent at the 15th meeting of the GST Council with the official order to the effect still ...
/ / Other, Renewable Energy
Wind Power

SECI Tenders 1,000 MW of ISTS-Connected Wind Projects Under Tranche-II

The Solar Energy Corporation of India (SECI) tendered 1,000 MW of Interstate Transmission System (ISTS)-connected wind power projects under Tranche-II. The bid-submission deadline is July 14, 2017. The SECI will ...
/ / Other, Wind
SOP

Delhi Lt. Governor Directs Power Department to Prepare a Standard Operating Procedure for Promoting Solar Power

The Delhi Lt. Governor has directed the power department to prepare a standard operating procedure (SOP) as well as a roadmap for promoting installation of solar power panels in the ...
Renewables Energy

CERC Issues Levelized Generic Tariff for Select Renewables for the FY2017-18

The Central Electricity Regulatory Commission (CERC) has issued a levelized generic tariff for the purchase of electricity from small hydro projects, biomass with Rankine cycle, non-fossil fuel based co-generation, biomass ...
Policy Roundup

India Renewable Energy Policy Roundup: May 2017

Renewable energy policy roundup from central, state and government agencies in India for the month of May 2017: The Karnataka Electricity Regulatory Commission (KERC) issued an advisory to the state ...
india power deficit

India’s Power Supply Deficit was 0.5 Percent in April 2017

In April 2017, India recorded a power supply deficit of 0.5 percent. 100,801 million units (MU) of energy was supplied against the requirement of 101,329 MU, according to the Central ...
/ / Other, Other Energy
KERC Invites Comments Regarding Mid-Term Tariff Revision for Wind Projects

KERC Invites Comments Regarding Mid-Term Tariff Revision for Wind Projects

The Karnataka Electricity Regulatory Commission (KERC) has invited comments on the discussion paper ‘Revision of Generic Tariff for Wind Power Projects and Mandatory Procurement of Wind Power through Bidding.’ According ...
/ / Other, Wind
Bonds

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 ...
Wind Energy

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 ...
/ / Other, Wind
Wind energy

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 ...
/ / Other, Wind
Renewables Mix

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

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 ...
/ / Other, Wind
Renewable Energy

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 ...
ADB

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 ...
Renewables

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, ...
/ / Other, Renewable Energy
Solar Tender

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) ...
/ / Finance and M&A, Other
GST

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 ...
/ / Other, Renewable Energy