DISCOMs Across States Owe Nearly ₹30 Billion to Renewable Generators: CEA
The Central Electricity Authority (CEA) has found that distribution companies across the country owe dues totaling ₹30.12 billion (~$420 million) to renewable energy projects aggregating 5,982 MW. Last week, Mercom reported that ...
CERC Overlooks Procedural Delays, Grants RECs to Captive Generator in Uttar Pradesh
In a recent order, the Central Electricity Regulatory Commission (CERC) directed the National Load Dispatch Centre (NLDC) and Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) to issue the ...
MNRE Clarifies Renewables Fixed Charges Calculation for Payment Security Mechanism
The Ministry of New and Renewable Energy (MNRE) has issued a clarification regarding fixed charges in the newly issued payment security mechanism regulations. The ministry has stated that in the case ...
CEL to Empanel EPC Contractors for Installing Battery Energy Storage Systems
The Central Electronics Limited (CEL), a public-sector enterprise of the government of India (GoI), has floated an expression of interest (EoI) inviting engineering, procurement, construction (EPC) contractors to empanel for ...
Opposing PPA Reviews, Renewable Developers Move High Court Against Andhra DISCOM
After the state distribution company (DISCOM) issued letters to entities and developers to revise tariffs for solar and wind projects which already have power purchase and sale agreements (PPAs and ...
Nearly ₹29 Billion Allotted for Off-Grid Renewable Generation in Last 3 Years
A corpus of ₹29.37 billion (~$0.43 billion) has been provided for off-grid renewable energy generation sources in the past three consecutive budgets, beginning with the financial year (FY) 2016-17 and ...
Nearly 10 GW of Renewable Capacity Added to Green Energy Corridor: RK Singh
The Government of India has been working for a while now to expedite the implementation of transmission infrastructure for the evacuation of power from renewable energy projects. To accelerate the ...
India’s Economic Survey Predicts $330 Billion Investment in Renewable Sector by 2030
India is among the top five countries in the world in terms of installed wind and solar capacity. According to the Economic Survey 2018-19, India ranks fourth in terms of ...
UAE Signs MoU with IRENA to Introduce Renewable Energy Studies in its Education System
The UAE Ministry of Education plans to introduce training initiatives around low-carbon forms of energy into its national education system. A Memorandum of Understanding (MoU) has been signed between Hussain ...
India’s Renewable Industry Attracted FDI Worth $1.4 Billion in 2018-19
Foreign direct investment (FDI) in India’s renewable energy sector has been gradually increasing over the past five financial years. The FDI inflow has increased significantly since the formation of Invest ...
Power Ministry’s 5-Year Plan Calls for Fair Share of Renewables and More Washed Coal
The Ministry of Power has issued a vision document which charts the way forward for India’s power sector. The document points out the problem areas and sets the timeline for ...
India’s REC Inventory Almost Exhausted, What’s Next?
The month of June 2019 witnessed the near exhaustion of the entire renewable energy certificate (REC) inventory on both the energy exchanges, namely the Indian Energy Exchange (IEX) and the ...
Adani Green to Develop 600 MW of Solar-Wind Hybrid Projects Auctioned By SECI
Adani Renewable Energy Park (Gujarat) Limited (AREPGL), a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has won a 600 MW of solar-wind hybrid power projects in an auction conducted ...
MNRE Orders Setting Up of Dispute Resolution Committee for Solar and Wind Sectors
The Ministry of New and Renewable Energy (MNRE) has issued an order to establish a system to resolve disputes between solar and wind energy developers and the Solar Energy Corporation ...
Renewables to be the Primary Source of Energy by 2040 Surpassing Coal: BP Energy Outlook
Renewable energy is the fastest growing source of energy, accounting for around half of the increase in energy and is set to penetrate the global energy system more quickly than ...
Bombay Stock Exchange Launches Exclusive Trading Platform for Green Bonds
India now has its own green bond trading platform. The Bombay Stock Exchange (BSE)’s international arm, India International Exchange (India INX), recently announced its exclusive green listing and trading platform ...
CERC Dismisses Adani Green’s Petition Against Power Grid Corporation
The Central Electricity Regulatory Commission has announced its ruling in a case that involved Adani Green Energy Limited (AGEL) and Power Grid Corporation Limited (PGCIL). The case was about three ...
Indian Navy Pledges 1.5% of its Works Budget Towards Renewable Energy Generation
After the Indian Armed Forces, the Indian Navy has also joined in the country’s efforts to go green. To this end, the Indian Navy has pledged 1.5% of its entire ...
CERC Orders Tariff Settlement for a 1.5 GW Hydro Project in Himachal Pradesh
The Central Electricity Regulatory Commission(CERC) has settled a dispute regarding the tariff determination of a hydro project in Himachal Pradesh. The CERC was hearing a petition filed by Sutlej Jal ...
Co-Generation Projects in Maharashtra Can Fulfil Their RPO by March 2020
Fossil fuel-based co-generation projects in Maharashtra have got time up until March 2020 to fulfill their renewable purchase obligation (RPO) targets. The Maharashtra Electricity Regulatory Commission (MERC) provided this relief ...
Singapore’s United Overseas Bank Says No to Coal Lending
In a decision taken at its annual general meeting held recently, the United Overseas Bank (UOB), Southeast Asia's third-largest finance group and Singapore’s third largest bank, has said that it ...
IEX Introduces Green Term Ahead Market, Invites Comments from Stakeholders
The Central Electricity Regulatory Commission (CERC) has ordered the Indian Energy Exchange (IEX) to give wide publicity to Green Term Ahead Market (GTAM) contracts by uploading it on its website ...
In India, Investment in Renewables Surpassed Fossil Fuels During 2018
Global investment in the renewable energy sector has gone up by 55% since 2010, according to the World Investment Report 2019 released by the International Energy Agency (IEA). The report ...
Tata Power DISCOM Issues Tender for 100 MW of Non-Solar Power to Meet its RPO
Tata Power Delhi Distribution Limited (TPDDL) has issued a Request for Proposal (RfP) for the procurement of renewable power (non-solar) on a short-term power purchase agreement. The last date for ...
Renewables to be ‘Must Run’ in the Draft Tariff Guidelines for Goa, Union Territories
The Joint Electricity Regulatory Commission (JERC) for the state of Goa and union territories has issued draft regulations for determining tariffs from renewable sources including solar. The draft is up ...
