At 6.5 GW, Solar Tenders Surge While Auctions Plummet in August 2019

At 6.5 GW, Solar Tenders Surge While Auctions Plummet in August 2019

After witnessing a considerable dip in July, the month of August saw a surge in solar tender announcements. Nearly, 6.5 GW of solar tenders were floated, and 695 MW of ...
/ / Mercom Research Focus, Other
APTEL Directs Madhya Pradesh DISCOM To Compensate Biomass Developers for Fixed Costs

APTEL Directs Madhya Pradesh DISCOM To Compensate Biomass Developers for Fixed Costs

In a judgment favoring biomass project developers, the Appellate Tribunal for Electricity (APTEL) has found that in the case of one part tariff, developers cannot be denied fixed cost component ...
/ / Biofuel, Other
DISCOMs Should Provide Net Metering for Renewable Energy Systems in Ten Days_ Kerala

DISCOMs Should Provide Net Metering for Renewable Energy Systems in Ten Days: Kerala

The Kerala State Electricity Regulatory Commission (KSERC) has issued a draft of net metering regulations for renewable energy systems. The commission has sought suggestions from the public and other stakeholders ...
/ / Other, Renewable Energy
Payment Dues of State DISCOMs to Renewable Power Developers Escalate to ₹97 Billion

Payment Dues of State DISCOMs to Renewable Power Developers Escalate to ₹97 Billion

The Central Electricity Authority’s (CEA) recent report states that the total payment due for 513 renewable projects now amounts to ₹97.356 billion (~$1.356 billion) as of July 31, 2019, thus ...
/ / Other, Renewable Energy
Tata Chemicals Sets Up Lithium-Ion Recycling Plant in India

Tata Chemicals Sets Up Lithium-Ion Recycling Plant in India

Tata Chemicals, a company with interests in chemicals, crop nutrition, and consumer products, has entered the battery recycling industry. The company has started commercial operations to recover active cathode materials ...
/ / Energy Efficiency, Other
Maharashtra Commission Asks DISCOM to Settle Dues of Wind Power Generators

Maharashtra Commission Asks DISCOM to Settle Dues of Wind Power Generators

Mrs. Aishwarya Rai Bachchan along with Relishah Export (RM) and Classic marble Company Private Limited (CMCPL), have jointly filed a case with the Maharashtra Electricity Regulatory Commission (MERC) against the ...
/ / Other, Wind
NHPC Issues Tender for 2,000 MW of Solar Projects with a Tariff Ceiling of ₹2.95/kWh

NHPC Issues Tender for 2,000 MW of Solar Projects with a Tariff Ceiling of ₹2.95/kWh

NHPC Limited, a government-owned hydropower generator has issued a tender inviting bids for the procuring of 2,000 MW of solar photovoltaic (PV) power. NHPC will enter into power purchase agreements ...
/ / Other, Water
Month in a Minute: News Snippets from India’s Renewable Sector in August 2019

Month in a Minute: News Snippets from India’s Renewable Sector in August 2019

The month of August saw some important headlines from India’s renewable energy space, with Andhra Pradesh’s ongoing debacle making the biggest headlines. Here is a snapshot of some of the ...
/ / Other, Renewable Energy
Biomass Company PRESPL Raises ₹360 Million Equity from Shell

Biomass Company PRESPL Raises ₹360 Million Equity from Shell

Punjab Renewable Energy Systems Pvt. Ltd. (PRESPL), an Indian biomass-based energy company, has raised private equity investment from Shell. “With this follow-on fund investment by Shell, the ‘Series-B’ round of ...
/ / Biofuel, Other
CERC Proposes New Regulations for Power System Development Fund

CERC Proposes New Regulations for Power System Development Fund

The Central Electricity Regulatory Commission (CERC) has issued regulations for Power System Development Fund (PSDF), which will come into effect from the date of their publication in the Official Gazette ...
/ / Finance and M&A, Other
Rajasthan to Not Accept New Applications for Registration of Wind Projects under REC

Rajasthan to Not Accept New Applications for Registration of Wind Projects under REC

The Rajasthan Renewable Energy Corporation (RREC) has issued a draft version of its policy on wind and wind-solar hybrid projects. The policy aims to establish Rajasthan as a leader for ...
/ / Other, Wind
Maharashtra to Procure 500 MW of Wind Energy with a Tariff Cap of ₹2.95/kWh

Maharashtra to Procure 500 MW of Wind Energy with a Tariff Cap of ₹2.95/kWh

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has issued a tender to procure 500 MW of wind power through a competitive bidding process. The distribution company intends to meet ...
/ / Other, Wind
Lowest Tariff of ₹2.83/kWh Emerges in SECI’s Wind Auction for 440 MW

Lowest Tariff of ₹2.83/kWh Emerges in SECI’s Wind Auction for 440 MW

The Solar Energy Corporation of India (SECI) has awarded 439.8 MW of wind projects in its latest auction. This capacity is part of the tender floated by the agency for ...
/ / Other, Wind
Payment Dues of State DISCOMs Now Total ₹82 Billion to Solar, Wind, Hydro Power Producers

Payment Dues of State DISCOMs Now Total ₹82 Billion to Solar, Wind, Hydro Power Producers

Distribution companies (DISCOMs) in some of the top renewable energy generating states such as Andhra Pradesh and Tamil Nadu are the biggest defaulters in paying dues for the power procured ...
/ / Finance and M&A, Other
Assam Signs MoU with NHPC to Develop 2 GW Subansiri Lower Hydro Project

Assam Signs MoU with NHPC to Develop 2 GW Subansiri Lower Hydro Project

The Government of Assam and the National Hydro Power Corporation (NHPC) have signed a Memorandum of Understanding (MoU) to develop Subansiri lower hydroelectric project located along the borders of Assam ...
/ / Other, Other Energy
Government Classifies Ocean Energy Under Renewable Source

Government Classifies Ocean Energy Under Renewable Sources

The Ministry of New and Renewable Energy (MNRE) has informed all the stakeholders that energy from the ocean like tidal, wave, ocean thermal energy conversion, will be accepted as renewable ...
/ / Other, Other Energy
NTPC Issues Tender for 1,200 MW of Wind Projects with a Tariff Ceiling of ₹2.85_kWh

NTPC Issues Tender for 1,200 MW of Wind Projects with a Tariff Ceiling of ₹2.85/kWh

The National Thermal Power Corporation (NTPC) has invited bids to select developers for 1,200 MW of wind energy projects in India. The projects, which will be connected to the interstate ...
/ / Other, Wind
Environment Ministry Relaxes Lease Rent on Wind Power Projects

Environment Ministry Relaxes Lease Rent on Wind Power Projects

To encourage investments in wind power projects and to provide clean energy at affordable prices, the Ministry of Environment, Forest and Climate change has decided to relax the lease rent ...
/ / Other, Wind
Sembcorp’s India Business Records 46% Jump in Net Profit During First Half of 2019

Sembcorp’s India Business Records 46% Jump in Net Profit During First Half of 2019

Sembcorp Industries, a Singapore-based renewable energy company, has announced a net profit of $137.8 million (₹ 9.8 billion) in the first half of 2019 (1H2019), up from $114.7 million (₹8.2 ...
/ / Other, Wind
Indian Oil Corporation Plans to Invest ₹250 Billion in Renewable Energy Projects

Indian Oil Corporation Plans to Invest ₹250 Billion in Renewable Energy Projects

The Indian Oil Corporation (IOC) plans to diversify its business verticals and make significant investments to the tune of ₹250 billion (~$3.48 billion) in clean energy projects like solar, wind, ...
/ / Finance and M&A, Other
Suzlon Group’s Net Loss was ₹3.37 Billion in the First Quarter of FY 2020

Suzlon Group’s Net Loss was ₹3.37 Billion in the First Quarter of FY 2020

Suzlon Group, a renewable energy solutions provider, headquartered in Pune, has announced its financial results for the first quarter (Q1) of the fiscal year 2019-20 (FY20). The revenue of the ...
/ / Finance and M&A, Other
Andhra Pradesh Government Now Says it Will Only Target PPAs of Corrupt Wind Projects

Andhra Pradesh Government Now Says it Will Only Target PPAs of Corrupt Wind Projects

In a welcome development, the ongoing feud between the renewable industry and the new administration in the state of Andhra Pradesh could be deescalating. The state government may take a ...
/ / Other, Wind
SECI’s 1.8 GW Wind Tender Left Undersubscribed with Bids for Only 551 MW

SECI’s 1.8 GW Wind Tender Left Undersubscribed with Bids for Only 551 MW

The Solar Energy Corporation of India (SECI)’s tender to set up 1,800 MW of inter-state transmission system (ISTS)-connected wind power projects under tranche VIII has been undersubscribed by 1,249 MW ...
/ / Other, Wind
Siemens Gamesa to Supply Turbines to Alfanar’s Two Wind Projects of 453 MW in India

Siemens Gamesa to Supply Turbines to Alfanar’s Two Wind Projects of 453 MW in India

Renewable energy developer and wind turbine manufacturer, Siemens Gamesa Renewable Energy has secured an order with Alfanar for the supply of 206 units of the SG2.2-122 wind turbines for two ...
/ / Other, Wind
India’s Solar Power Generation Grows Slower Year-Over-Year Compared to 1H of Last Year

India’s Solar Power Generation Grows Slower Year-Over-Year Compared to 1H of Last Year

In the past few years, solar power generation has increased exponentially in the country, and the electricity generation has crossed over 12 billion units (BUs) in the period between April ...