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 ...
Mercom Releases White Paper on India Solar Market at Intersolar India
Mercom India, an exclusive knowledge partner of Intersolar India, has released a whitepaper - India Solar Market Drivers and Challenges, in partnership with the Intersolar India conference, held in Mumbai ...
India’s Renewable Energy Installed Capacity Doubles with the Inclusion of Hydro
At the recently conducted Power Ministers’ conference in Goa, Hydro power has been granted renewable energy status. It was also decided that a separate renewable energy purchase obligation (RPO) should ...
Kerala Targets 1 GW in Renewable Energy Installations to Meet Energy Demand
The renewable energy sector in Kerala could soon get a boost. The state plans to set up close to 1,000 MW of renewable energy projects comprising of solar and wind ...
Cumulative Solar Installations in India Reach 3,000 MW, Mercom Capital Group Forecasts Installations to Double in 2015
Mercom Capital Group, a global clean energy communications and consulting firm, released its quarterly update on the Indian solar market. Cumulative solar installations in India crossed the 3 GW mark ...
Commercial and Residential Consumers Say it is Important for India to Develop and Use Solar Power, Mercom Capital Group’s India Consumer Survey Reveals
The “India Consumer Perceptions on Renewable Energy Survey,” conducted by Mercom Communications India, a wholly-owned subsidiary of Mercom Capital Group, llc, a global communications and consulting firm, focused on gauging ...
94 Percent of Commercial Establishments say Steady Power Can Bring an Improvement in Their Business Mercom Capital Group’s India Consumer Survey Reveals
The “India Consumer Perceptions on Renewable Energy Survey,” conducted by Mercom Communications India, a wholly-owned subsidiary of Mercom Capital Group, llc, a global communications and consulting firm, focused on gauging ...
