Month in a Minute_ Top Headlines from India’s Renewable Sector in December 2019

Month in a Minute: Top Headlines from India’s Renewable Sector in December 2019

The year 2019 wrapped up with a host of newsworthy developments recorded in the renewable energy industry. There were several important company announcements besides crucial government updates during the last ...
Prime Minister’s Office Proposes Waiving Carbon Tax on Coal

Prime Minister’s Office Proposes Waiving Carbon Tax on Coal

According to a communique reviewed by Mercom, the Indian Prime Minister Narendra Modi’s office has proposed waiving the Goods and Services Tax (GST) Compensation Cess, (earlier called the Clean Energy ...
Maharashtra Tenders 100 MW of Bagasse-Based Power with a Tariff Cap of ₹3.56_kW

Maharashtra Tenders 100 MW of Bagasse-Based Power with a Tariff Cap of ₹3.56/kW

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has issued a tender for the procurement of 100 MW of power generated from bagasse-based co-generation projects. Interested bidders are expected to ...
Indian Solar Industry Optimistic Going Into 2020

Indian Solar Industry Optimistic Going Into 2020

After a somewhat disappointing year, the domestic solar industry’s hopes are pinned on 2020. Towards the end of 2019, Mercom revised its estimates for the calendar year (CY) 2019 down ...
SECI Invites EoI to Purchase Power for Blending with Renewable Sources

SECI Invites EoI to Purchase Power for Blending with Renewable Sources

The Solar Energy Corporation of India (SECI) has invited an expression of interest (EoI) from power generators involved in hydro, pumped storage, gas, battery storage, and thermal generating stations to ...
/ / Other, Renewable Energy
GERC to Revise Tariff for Surplus Energy Purchased from Captive Wind Projects

GERC to Revise Tariff for Surplus Energy Purchased from Captive Wind Projects

The Gujarat Electricity Regulatory Commission (GERC) has partly approved a petition filed by Gujarat Urja Vikas Nigam Limited (GUVNL) to establish tariffs to procure surplus power by the distribution licensees ...
/ / Other, Wind
ADB to Roll Out $1 Billion for Clean Energy Investments in the Pacific Region

ADB to Roll Out $1 Billion for Clean Energy Investments in the Pacific Region

The Asian Development Bank (ADB) is planning to roll out nearly $1 billion of energy investments across the region during the 2019-2021 period. As the energy demand in the Asia ...
/ / Other, Renewable Energy
India Has Set Up 186 Waste-to-Energy Projects So Far

India Has Set Up 186 Waste-to-Energy Projects So Far

To recover energy from waste and effluent generated from industries, India has set up 186 waste-to-energy projects for generation of biogas, bioCNG power with a cumulative capacity of 317.03 MW ...
/ / Other, Waste to Energy
Chhattisgarh Commission Lays Out Tariff Terms for Renewable Projects in the State

Chhattisgarh Commission Lays Out Tariff Terms for Renewable Projects in the State

The Chhattisgarh State Electricity Regulatory Commission (CSERC) has specified the terms and conditions of tariffs for renewable energy sources for the sale of power to distribution licensees. The renewable projects ...
Solar Project Developers Still Waiting for Safeguard Duty Reimbursement

Solar Project Developers Still Waiting for Safeguard Duty Reimbursement

To protect domestic cell and module manufacturers, a 25% safeguard duty was announced on solar cell and module imports from China and Malaysia for the period between July 30, 2018, ...
/ / Mercom Research Focus, Other
Bank of America Lends ₹3.56 Billion to Distributed Solar Company Fourth Partner Energy

Bank of America Lends ₹3.56 Billion to Distributed Solar Company Fourth Partner Energy

The Bank of America (BofA) has announced its plans to lend ₹3.56 billion (~$50 million) to Fourth Partner Energy, a distributed solar energy management company. The amount is a local currency revolving ...
35 GW of Solar Installed, 65 GW More to go for India to Reach its 100 GW Solar Target

35 GW of Solar Installed, 65 GW More to go for India to Reach its 100 GW Solar Target

Total solar installations in India have crossed the 35 GW mark, according to Mercom’s India Solar Project Tracker. The country has a goal of reaching 100 GW of solar capacity ...
/ / Mercom Research Focus, Other
Import of Solar Cells and Modules Drop and Exports Rise in the First Nine Months of 2019

Import of Solar Cells and Modules Drop and Exports Rise in the First Nine Months of 2019

In the first nine months (9M) of 2019, India imported solar cells and modules worth $1.6 billion (~₹115.7 billion), a drop of around 22% compared to 9M 2018. However, exports ...
Qatar Investment Authority to Acquire 25% Stake in Adani Electricity Mumbai

Qatar Investment Authority to Acquire 25% Stake in Adani Electricity Mumbai

In an important development, the Qatar Investment Authority (QIA) has signed an agreement to invest ₹32 billion (~$450 million) for a 25.1% stake in Adani Electricity Mumbai Limited (AEML). As ...
/ / Finance and M&A, Other
CERC Accepts Two-Day Delay, Allows Issue of Pending RECs to ITC

CERC Accepts Two-Day Delay, Allows Issue of Pending RECs to ITC

The Central Electricity Regulatory Commission (CERC) has issued an order directing the National Load Despatch Center (NLDC) to accept a procedural delay and allow the issue of 1,585 Renewable Energy ...
BEE to Help 100 Existing Buildings Achieve Nearly Zero Energy Status

BEE to Help 100 Existing Buildings Achieve Nearly Zero Energy Status

The Bureau of Energy Efficiency has a new program for conducting feasibility tests free of cost on 100 existing buildings, which will help them develop a framework to transform into ...
/ / Energy Efficiency, Other
Ganges, Purshotam Profiles, Strolar Top Solar Mounting Structure Suppliers in 1H 2019

Ganges, Purshotam Profiles, Strolar Top Solar Mounting Structure Suppliers in 1H 2019

According to Mercom’s recently released India Solar Market Leaderboard 1H 2019, in the first half of this year (1H 2019), Ganges Internationale, Purshotam Profiles, and Strolar emerged as the top ...
Green Climate Fund and AfDB to Provide $154 Million for Renewable Financing in Zambia

Green Climate Fund and AfDB to Provide $154 Million for Renewable Financing in Zambia

The Green Climate Fund (GCF) and the African Development Fund (AfDB) have joined hands to support a $154 million renewable financing framework in the southern African nation of Zambia. Historically, ...
/ / Finance and M&A, Other
MSEDCL Asked to Invite Fresh Bids for Bagasse Projects with Expired EPAs in 2020

MSEDCL Asked to Invite Fresh Bids for Bagasse Projects with Expired EPAs in 2020

The Maharashtra Electricity Regulatory Commission (MERC) issued an order directing the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to purchase power from a 50 MW of bagasse-based co-generation projects at ...
Andhra Power Finance Corporation Set to Raise Resources for Lending to Power Companies

Andhra Power Finance Corporation Set to Raise Resources for Lending to Power Companies

The Andhra Pradesh Power Finance Corporation Limited (APPFCL) has stated that the state-run power companies have been raising funds from financial institutions and other lending organizations at high interest rates ...
/ / Grid, Other
Letter of Credit Has not Been Effective as Payment Security for Solar Developers

Letter of Credit Has not Been Effective as Payment Security for Solar Developers

To tackle the risks related to delays in payments to independent power producers, the Ministry of Power (MoP) recently mandated state-owned distribution companies (DISCOMs) to issue a letter of credit ...
An Estimated $24.7 Trillion Investment Potential in Green Buildings by 2030, Says IFC Report An Estimated $24.7 Trillion Investment Potential in Green Buildings by 2030, Says IFC Report

An Estimated $24.7 Trillion Investment Potential in Green Buildings by 2030, Says IFC Report

The International Finance Corporation (IFC), a member of the World Bank Group, has come out with its latest report that sheds light on the enormous potential of green buildings in ...
/ / Energy Efficiency, Other
734 MW of Solar Projects Tendered in November; But No Auctions

734 MW of Solar Projects Tendered in November; But No Auctions

Solar tender activity slowed down while there were no auctions in November 2019. While the month did not see any auctions, only 734 MW of solar tenders were floated, according ...
Increasing Number of Insurance Companies Moving Away from Coal-Based Projects_ Report

Increasing Number of Insurance Companies Moving Away from Coal-Based Projects: Report

Coal, one of the most significant contributors to climate change, is on its way to becoming uninsurable. The Unfriend Coal campaign, which is now in its third year, shows how ...
/ / Other Energy
Month in a Minute_ Important News Snippets from India’s Renewable Sector in November 2019

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

For the domestic renewable industry, November was a busy month on the investment front. There were several important funding announcements in the Indian renewable sector, along with technological developments and ...