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
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Mercom Exclusive: One Year After Launch, UDAY Yet to Make a Big Impact
Dismal DISCOM (distribution company) credit profiles due to high debt, heavy losses and poor operational efficiencies affects every aspect of the Indian power sector and is directly responsible for large ...
SECI Auctions 1,000 MW of Wind
Wind Tariff of Rs.3.46 (~$0.051)/Unit Discovered in India The Solar Energy Corporation of India (SECI) successfully auctioned 1,000 MW of wind in India. This was the first time that competitive ...
Mercom Exclusive: Can Domestic Manufacturers Capture a Larger Piece of the Growing Indian Solar Market?
Solar installations in India reached 4 GW in 2016, and are expected to surpass 9 GW in 2017, an incredible pace of growth considering India installed just 883 MW in ...
CERC Releases Draft Renewable Energy Tariff Regulations for 2017-2020
The Central Electricity Regulatory Commission (CERC) released their draft tariff regulations for 2017 to 2020. The public hearing on the draft will be held on March 15, 2017, and the ...
Japan’s JERA Invests $200 Million in ReNew Power
JERA, a joint venture company of two of Japan’s largest utility companies – Tokyo Electric Power and Chubu Electric Power, invested $200 million for a 10 percent stake in India’s ...
CEEW: Solar Tariffs, Domestic Manufacturing and Jobs Expected to Increase after GST Rollout
Solar tariffs are expected to see a rise of 10 percent once the Goods and Services Tax (GST) is rolled out, according to a study by the Council on Energy, ...
Cumulative Renewable Energy Installations Cross 50 GW in India
The share of renewable power in India’s energy mix continues to increase with cumulative installations now exceeding 50 GW. The solar sector is witnessing installations and project commissioning at a ...
Mercom Exclusive: Elimination of Key Subsidies Adds to Challenges Faced by Rooftop Solar in India
The government of India in 2014 revised the national solar installation target from 22 GW to an aggressive 100 GW by 2022. The target was split between large-scale solar (60 ...
Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in January 2017
Important Headlines and Data Points from the Indian Renewable Sector in January 2017 Solar Energy Corporation of India (SECI) released the list of successful developers for the 500 MW rooftop ...
2017-18 Budget a Disappointment for the Indian Renewable Energy Sector
Overall, India’s 2017-18 budget is a disappointment for renewable energy sector. There were no major subsidies or incentives announced. There had been hope that reduction in accelerated depreciation and the ...
Solar Lending Rates Witness Slight Dip in the last Quarter
The Indian solar sector witnessed a slight dip in lending rates over the last quarter (Oct-Dec 2016). The average interest rates for solar projects came down slightly compared to the ...
ADB Approves $390 Million Financing Package for ReNew Power to Develop 709 MW of Solar and Wind in India
The Asian Development Bank (ADB) has approved a $390 million (~Rs.26.54 billion) financing package for ReNew Power, an Indian renewable energy project developer. The funds will be utilized to develop ...
Hindustan Salts Limited to Tap Developer for 100 MW Wind Project in Gujarat
Hindustan Salts Limited, a Government of India-owned company, has invited expression of interest from wind power developers to construct and develop a 100 MW wind power project in Kharaghoda, Gujarat ...
NREDCAP Tenders 4 MW of Wind in Andhra Pradesh
The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has tendered a 4 MW wind project in Andhra Pradesh. The bid-submission deadline is January 18, 2017. The estimated ...
Mercom Forecasts Over 9 GW of Solar Installations in India for 2017
2016 Solar Installations to Come in at Approximately 4 GW Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar ...
Welspun Enterprises to Divest Entire 15.49 Percent Stake in Welspun Energy
Welspun Enterprises, an infrastructure company, has announced that it is going to divest its entire 15.49 percent stake in Welspun Energy, an independent power company. The Board of Directors has, ...
Mercom Exclusive: Incomplete Solar Park Infrastructure Affecting Large-Scale Project Development in India
India is targeting 100 GW of solar by 2022, out of which 20 GW has been allocated to solar parks. The Ministry of New and Renewable Energy (MNRE) is considering ...
SECI Invites Tenders to Set Up 1,000 MW of Interstate Transmission System Connected Wind Projects
The Solar Energy Corporation of India (SECI) has invited tenders to set up 1,000 MW of Inter-State Transmission System (ISTS)-connected wind power projects. The development is in line with Ministry ...
