Breaking: Mahindra Susten Emerges as Lowest (L1) Bidder in NLC India’s 20 MW BESS Auction
Mahindra Susten emerged as the lowest (L1) bidder in the 20 MW solar with battery energy storage system (BESS) auction conducted by Neyvveli Lignite Corporation (NLC) India. Mahindra Susten quoted ...
Reliance Money Secures ₹3 Billion Loan from IREDA for Renewable Energy Projects
The Indian Renewable Energy Development Agency (IREDA) will provide loan to the tune of ₹3 billion (~$45.7 million) to Reliance Money, a brand by Reliance Commercial Finance Limited, a subsidiary ...
TUV Rheinland Expands in India with a €2.5 Million Solar PV Testing Facility
TUV Rheinland India has expanded its footprint in India with the opening of a €2.5 million (~₹192.6 million) facility in Bangalore to test Solar PV and other technologies. The company ...
DuPont Interview: Demand for Reliable Materials Rising as India’s Solar Market Matures
The maturation of solar markets in China, India, and the U.S. is creating an increased demand for reliable and durable solar materials. DuPont Photovoltaic Solutions is packing its supply line ...
India Solar Auction Activity Increases in September, Tender Announcements Fall
In September 2017, solar auction activity increased in India. Compared to the 76 MW auctioned in August, 602 MW of solar were auctioned in September. Meanwhile solar tender announcements witnessed ...
MNRE Issues Draft Technology Development and Innovation Policy for New and Renewable Energy
With the Indian renewable sector lacking new technology development, The Ministry of New and Renewable Energy (MNRE) has issued a draft Technology Development and Innovation Policy (TDIP) for New & ...
EIB to Provide €800 Million in Funding to Indian Renewable Energy Sector
The European Investment Bank (EIB) will be providing €800 million (~₹61.3 billion) in funding for renewable energy investment across India. This includes renewable energy financing in partnership with the Indian ...
Delayed PPA Signing and Subsidy Reimbursement Not Helping the Indian Solar Sector: Interview
As the Indian sector continues to grow there are challenges everywhere but PPA renegotiation and delayed PPA signing, delay in reimbursement of subsidies are particularly troubling. Here is an excerpt ...
Non-Solar REC Trading Rises 32 Percent in September
The total number of non-solar renewable energy certificates (RECs) sold in India jumped by 32 percent in September, rising to 382,007 from just 289,505 sold during the previous month. The ...
How Low Can It Go – Solar Tariff of $0.0178/kWh Quoted in Saudi Arabia’s First Solar Auction
The low bids submitted for a 300 MW solar PV project planned for Saudi Arabia surprised everyone recently when the lowest submitted bid for the levelized cost of energy (LCOE) ...
Essel Infraprojects Commissions Solar Projects Totaling 55 MW
Essel Infraprojects, a renewable energy project developer and subsidiary of Essel Group, has commissioned solar projects totaling 55 MW. A 50 MW solar project was commissioned in Jalaun district of ...
Oorjan Cleantech Raises $450,000 in Seed Funding for Rooftop Solar in India
Oorjan Cleantech, an India-based rooftop solar solutions provider, raised $450,000 (~₹28.8 million) in online seed funding. US-based VC firm, Globevestor was the primary investor followed by group of senior directors ...
Azure Roof Power to Develop 1.3 MW of Rooftop Solar
Azure Roof Power, a wholly owned subsidiary of Azure Power, has won a bid to develop 1.3 MW of rooftop solar for the Ministry of Health and Family Welfare, India ...
Supreme Court Extends the Validity of Solar and Non-Solar RECs to March 31, 2018
The Supreme Court has extended the validity of solar and non-solar Renewable Energy Certificates (REC) that were due to expire between April 1, 2017, and March 31, 2018, up to ...
SECI Tenders 200 MW of Solar Under DCR Category at Neemuch-Mandsaur Solar Park
The Solar Energy Corporation of India (SECI) has tendered 200 MW (AC) of solar under the domestic content requirement (DCR) category, on behalf of Coal India Limited (CIL). The last ...
Interview: Some Module Suppliers are Backing Away from Supply Agreements
Unless there is a policy course correction, the solar rooftop installation goal of 40 GW by 2022 has been viewed as a challenge to achieve by many in the industry, ...
TANGEDCO: ₹4/kWh Tariff Does Not Make Sense, 500 MW Solar Tender Cancelled
The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has cancelled a 500 MW solar tender it had issued in January 2017. A TANGEDCO official confirmed the cancellation of the 500 ...
NTPC Tenders 22 MW of Solar Projects
In two separate tenders, the National Thermal Power Corporation (NTPC) tendered 22 MW of solar projects. The NTPC-SAIL Power Company Limited (NSPCL), a joint venture of NTPC and SAIL (Steel ...
The Four-Tier REWA Payment Security Model Responsible for Low Bids
The Rewa solar park auction heralded the dawn of falling solar tariffs in India with a low levelized bid of ₹3.30/kWh. There are two major reasons for such low tariffs ...
What Happened in the Meeting Between Solar Industry Stakeholders and Minister of Power
Minister of Power R.K. Singh called a meeting yesterday with solar project developers and manufacturers to understand the state of the solar industry in India. In the meeting, Singh discussed ...
India Renewable Energy News and Policy Roundup for September 2017
Several important renewable energy policies especially in solar were announced last month in India. Notable news was the Rewa payment guarantee announcement from Madhya Pradesh. State Agencies The Rajasthan Renewable ...
Anti-Dumping Tariff, Consistent Tenders Needed to Support Solar Manufacturing in India
The following is from a conversation Mercom India had with Sunil Rathi, director of sales and marketing for Waaree Energies on the current state of Indian solar market. What do ...
ReNew Power Commissions a 172 MW Solar Project in Telangana
ReNew Power, a renewable energy project developer, has announced the commissioning of its 172 MW (143 MW AC) solar project at Dichipally, Telangana. The project was developed under the Telangana ...
Indian Railways Awards Contracts to Develop 30 MW of Rooftop Solar
Indian Railways has awarded a total of 30 MW of rooftop solar contracts to two firms, with Azure Power set to develop 20 MW and Fourth Partner Energy developing the ...
ACME Solar to Raise $337 Million Through IPO
As expected, ACME Solar Holdings has filed a draft red herring prospectus with Securities and Exchange Board of India (SEBI) for a ₹22,000 million (~$336.86 million) IPO at a face ...
