Supreme Court

Breaking: Supreme Court Issues Order Allowing Wind REC Trade

The Supreme Court of India has issued an order allowing the trade in Wind Renewable Energy Certificates (RECs). The highest court in India has removed the stay placed on the ...
/ / Other, Wind
Hindustan Power

Hindustan Power Aggressively Expanding its Global Footprint

Hindustan Power, an Indian Renewable Energy firm, is aggressively expanding its global solar portfolio. The company acquired 15 solar power generation projects in Japan and is poised to enter the ...
/ / Other, Renewable Energy
Shipping wind turbines

Rajasthan Electricity Regulatory Commission Fixes Levelized Generic Tariff for Wind Projects to be Commissioned in FY 2017-18

The Rajasthan Electricity Regulatory Commission (RERC) has fixed the levelized generic tariff for wind power projects to be commissioned in financial year (FY) 2017-18 in Rajasthan. The RERC stated in ...
/ / Other, Wind
IFC Invest

IFC Invests $103 Million in L&T Infrastructure Finance

The IFC, a member of the World Bank Group, has invested $103 million in L&T Infrastructure Finance Company, a wholly-owned subsidiary of L&T Finance Holdings, by subscribing to the first ...
/ / Finance and M&A, Other
PGCIL Petition

PGCIL Files Petition Seeking CERC’s Intervention for Efficient Utilization of Bays to Connect Wind and Solar Projects

The Power Grid Corporation of India (PGCIL) has filed a petition with the Central Electricity Regulatory Commission (CERC) seeking regulatory intervention on an urgent basis to ensure efficient utilization of ...
Rural Electrification Corporation

Rural Electrification Corporation Raises $450 Million Through Green Bonds

The state-owned Rural Electrification Corporation of India has raised $450 million through the sale of green bonds on the London Stock Exchange (LSE). The 10-year dated green bond raised $450 ...
GIPCL Tenders 200 MW of Wind in Gujarat

GIPCL Tenders 200 MW of Wind in Gujarat

The Gujarat Industries Power Co Ltd (GIPCL) tendered 200 MW of wind to be developed in the state of Gujarat. The bid-submission deadline is July 17, 2017. A single bidder ...
/ / Other, Wind
Hydro

Hydropower Projects Delayed in India Due to Complex Clearance Procedures

Several hydropower projects in India are witnessing significant overruns in both time and costs. Only 28 percent of the total hydropower potential in India - out of 148 GW has ...
/ / Other, Other Energy
ADB

ADB Raises $217 Million Through Sale of Offshore Rupee-Linked Bonds

The Asian Development Bank (ADB) raised $217 million by issuing offshore Indian rupee-linked five-year bonds. This is ADB's largest single offshore Indian rupee-linked bond issue. This is ADB's third bond ...
/ / Finance and M&A, Other
NITI Aayog Says Solar's Share of Electricity to be 14-18 percent by 2040, Up from Current 1%

NITI Aayog Says Solar’s Share of Electricity to be 14-18 percent by 2040, Up from Current 1%

The National Institution for Transforming India (NITI Aayog) has released its draft national energy policy (NEP) for 2017. The report predicts that the share of solar and wind to be 14 to ...
/ / Other Energy
Weather Portal for Power Sector

Weather Portal for Power Sector launched in India

A weather portal for the power sector developed by the Power System Operation Corporation (POSOCO) and India Meteorological Department (IMD) and a web portal named MERIT (Merit Order Dispatch of ...
/ / Other, Press Releases
Building Code

Energy Conservation Building Code 2017 Launched

The Energy Conservation Building Code (ECBC) 2017 was launched by Piyush Goyal, Minister of Power. The adoption of ECBC is expected to lead to 30 percent-50 percent energy savings by ...
Azure Power Quarterly Report

Azure Power Records Revenues of $20.3 Million for the Quarter Ending March 31, 2017

Azure Power (NYSE: AZRE) announced its consolidated financial results for the fiscal fourth quarter 2017, period ending March 31, 2017. The company declared revenue of $20.3 million for the quarter ending March ...
/ / Other, Press Releases
IEX IPO

Indian Energy Exchange (IEX) to Launch IPO

The Indian Energy Exchange (IEX), India’s power trading platform, is expected to launch an initial public offering (IPO) soon. The IEX filed draft papers with the Securities and Exchange Board ...
/ / Finance and M&A, Other
TANGEDCO Wind

TANGEDCO Tenders 500 MW of Wind to Meet RPO

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) tendered 500 MW of wind. The bid-submission deadline is July 18, 2017. The TANGEDCO will sign 25-year power purchase agreements (PPAs) with ...
/ / Other, Wind
wind project

GUVNL Tenders 500 MW of Wind in Gujarat to Meet RPO

The Gujarat Urja Vikas Nigam Limited (GUVNL) tendered 500 MW of wind to be installed across the state of Gujarat. The bid-submission deadline is July 10, 2017. The GUVNL has ...
/ / Other, Wind
wind turbines

NTPC Tenders 250 MW of Wind

The National Thermal Power Corporation (NTPC) tendered 250 MW of wind to be developed across the states of Gujarat, Andhra Pradesh, Karnataka, and Madhya Pradesh in India. The bid-submission deadline ...
/ / Other, Wind
Renewables

Renewable Energy Installations Reach 57.5 GW in India

Renewable energy installations in India continue to grow, accounting for ~17.5 percent of India’s energy mix as of April 2017. In comparison, renewable energy accounted for 14.15 percent a year ...
/ / Other, Renewable Energy
power financial corporation

Power Finance Corporation to Shift Investments Towards Renewables

The Power Finance Corporation (PFC), a government owned financial Institution, is planning to shift its investments away from conventional energy and towards renewable energy projects, last-mile transmission and distribution projects ...
Narendra_Modi

IREDA to Launch IPO

The Cabinet Committee on Economic Affairs has approved the launch of IREDA’s initial public offering (IPO) today, the 7th of June 2017. Indian Renewable Energy Development Agency (IREDA) will issue 139 million equity ...
Where Are We With GST

Mercom Exclusive: Effects of 5 Percent GST on Solar in India

India’s Finance Minister, Arun Jaitley, confirmed a solar goods and services tax (GST) rate of 5 percent at the 15th meeting of the GST Council with the official order to the effect still ...
/ / Other, Renewable Energy
Wind Power

SECI Tenders 1,000 MW of ISTS-Connected Wind Projects Under Tranche-II

The Solar Energy Corporation of India (SECI) tendered 1,000 MW of Interstate Transmission System (ISTS)-connected wind power projects under Tranche-II. The bid-submission deadline is July 14, 2017. The SECI will ...
/ / Other, Wind
SOP

Delhi Lt. Governor Directs Power Department to Prepare a Standard Operating Procedure for Promoting Solar Power

The Delhi Lt. Governor has directed the power department to prepare a standard operating procedure (SOP) as well as a roadmap for promoting installation of solar power panels in the ...
Renewables Energy

CERC Issues Levelized Generic Tariff for Select Renewables for the FY2017-18

The Central Electricity Regulatory Commission (CERC) has issued a levelized generic tariff for the purchase of electricity from small hydro projects, biomass with Rankine cycle, non-fossil fuel based co-generation, biomass ...
Policy Roundup

India Renewable Energy Policy Roundup: May 2017

Renewable energy policy roundup from central, state and government agencies in India for the month of May 2017: The Karnataka Electricity Regulatory Commission (KERC) issued an advisory to the state ...