Mahindra Susten Emerges as Lowest (L1) Bidder

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 ...
/ / Solar, Tenders & Auctions
Reliance Money Secures Loan from IREDA for Renewable Energy Projects

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 ...
/ / Finance and M&A, Solar
TUV Rheinland Expands in India

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 ...
/ / Markets & Policy, Solar
DuPont Interview

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 ...
/ / Markets & Policy, Solar
India Solar Auction Activity in September

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 ...
/ / Solar, Tenders & Auctions
MNRE Issues Draft Technology

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 & ...
/ / Markets & Policy, Solar
EIB to Provide Funding to Indian Renewable Energy Sector

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 ...
/ / Finance and M&A, Solar
Delayed PPA Signing and Subsidy Reimbursement

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 ...
/ / Markets & Policy, Solar
Non-Solar REC Trading

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 ...
/ / Markets & Policy, Solar
Saudi Arabia’s First Solar Auction

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) ...
/ / Solar, Tenders & Auctions
Essel Infraprojects Commissions Solar Projects

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 ...
/ / Solar, Utility Scale
Oorjan Cleantech Raises Seed Funding

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 ...
/ / Finance and M&A, Solar
Azure Roof Power Rooftop Solar

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 ...
/ / Solar, Tenders & Auctions
Supreme Court

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 ...
/ / Markets & Policy, Solar
india new power generation capacity

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 ...
/ / Solar, Tenders & Auctions
Some Module Suppliers are Backing Away from Supply Agreements

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, ...
/ / Markets & Policy, Solar
TANGEDCO Solar Tender Cancelled

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 ...
/ / Solar, Tenders & Auctions
NTPC Tenders Solar Projects

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 ...
/ / Markets & Policy, Solar
Meeting Between Solar Industry Stakeholders and Minister of Power

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 ...
/ / Markets & Policy, Solar
India Renewable Energy September 2017

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 ...
/ / Markets & Policy, Solar
Solar India

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 ...
/ / Markets & Policy, Solar
Renew Power 172 MW Solar Project in Telangana

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 ...
/ / Solar, Utility Scale
Indian Railways Rooftop Solar Contracts

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 ...
/ / Rooftop, Solar
Initial Public Offering

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 ...
/ / Finance and M&A, Solar