modules

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 ...
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
Utility Scale

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

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 ...
/ / Other, Wind
Tata Power Renewable Energy Commissions 100 MW Wind Project in Nimbagallu, Andhra Pradesh

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 ...
/ / Other, Wind
Andhra Pradesh State Renewable Energy RPO Set at 9 Percent for FY2017-18

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 ...
/ / Other, Renewable Energy
Andhra Pradesh Electricity Regulatory Commission Sets Wind Benchmark Tariff at ₹4.35 (_$0.067)_kWh for FY2017-18

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 ...
/ / Other, Wind
ReNew Power

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 ...
/ / Other, Renewable Energy
Loan

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

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 ...
/ / Other, Renewable Energy
Tenders and Auctions

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, ...
Wind Power Installed in India FY2016-17

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 ...
/ / Other, Wind
Solar tender

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 ...
IFC to Invest $125 Million in Hero Future Energies

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 ...
/ / Finance and M&A, Other
Bonds

NTPC Raises Rs. 20 Billion (~$305 Million) through Green Masala Bonds

The National Thermal Power Corporation (NTPC) has raised Rs. 20 billion (~$305.47 million) through the issuance of Green Masala Bonds in the overseas market. These bonds were issued under NTPC’s ...
/ / Finance and M&A, Other
renewable energy

70 Billion Units of Electricity Generated by Renewable Energy Sources in the 10-Month Period from April 2016 to January 2017

In the 10-month period from April 2016 to January 2017, in the current fiscal, 70.13 billion units of electricity were generated from renewable energy sources, stated Minister for Power Mr ...
/ / Other, Renewable Energy
LED

90 Million LED Bulbs Distributed Under UJALA Program in Financial Year 2015-2016

Energy Efficiency Services Limited (EESL) has distributed 90 million LED bulbs under the Unnat Jyoti by Affordable LEDs for All (UJALA) program in the financial year 2015-16. Under the UJALA ...
MNRE to Receive ~Rs.53.41 Billion (~$817 Million) From National Clean Energy Fund for FY2017-2018

MNRE to Receive ~Rs.53.41 Billion (~$817 Million) From National Clean Energy Fund for FY2017-2018

The Ministry of New and Renewable Energy (MNRE) will receive ~Rs.53.41 billion (~$817 million) from the National Clean Energy Fund (NCEF) for financial year 2017-2018. The National Clean Energy Fund ...
/ / Finance and M&A, Other
Rooftop Solar

Mercom Exclusive: Renewable Purchase Obligation Compliance Needs to Improve Fast for India to Meet Its Solar Installation Targets

Renewable Purchase Obligation (RPO) is the single most important policy driving renewable energy installations in India towards achieving the aggressive goal of installing 175 GW by 2022 with solar making ...
Solar Tariffs

Mercom Exclusive: Solar Tariffs in India Have Fallen by 73 Percent Since 2010

India’s solar sector recently reached record low tariff levels in the auction conducted at the Rewa Solar Park in the state of Madhya Pradesh. India was one of the first ...
grid Integration

Renewable Energy Accounts for 16 Percent of India’s Energy Mix

Renewable energy generation in India continues to grow, accounting for ~16.10 percent of India’s energy mix. The country’s total installed power generation capacity is 315,369.08 MW with renewables accounting for ...
/ / Other, Renewable Energy
Month in a Minute

Month in a Minute: February 2017

Important Headlines and Data Points from the Indian Renewable Sector in February 2017 The 2017-18 budget proved to be a dampener for the Indian renewable energy sector. Manufacturing sector did ...
/ / Other, Renewable Energy
ADB

PGCIL Secures $500 Million from ADB to Develop the Green Energy Transmission Corridor

The Asian Development Bank (ADB) is providing a $500 million (~Rs.33.4 billion) loan to Power Grid Corporation of India (PGCIL) for the development of Green Energy Corridor, according to a ...
/ / Other, Renewable Energy