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 ...
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: 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 ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
