KERC Sets New Benchmark Tariff of Rs.4.36 (~$0.064)/kWh for Grid Connected Large-Scale Solar Projects for FY2017-18

KERC Sets New Benchmark Tariff of Rs.4.36 (~$0.064)/kWh for Grid Connected Large-Scale Solar Projects for FY2017-18

The Karnataka Electricity Regulatory Commission (KERC) has set Rs.4.36 (~$0.064)/kWh as the benchmark tariff for grid-connected large-scale solar projects for financial year (FY) 2017-18. The new benchmark tariff will be ...
Solar Finance

Indian Solar Sector Sees $1.6 Billion in Funding and M&A Transactions in Q1 2017

With solar installations crossing 12 GW by end of March 2017, financial activity was robust in the first quarter of 2017, with approximately $1.6 billion (~Rs.106 billion) in announced corporate, project funding ...
/ / Finance and M&A, Solar
Kadapa Solar

Breaking: NTPC’s 250 MW Kadapa Solar Auction in India Sees Record Low Winning Bid of Rs.3.15/kWh

Solar tariff in India touched a new low with Solairedirect’s winning bid of Rs.3.15 (~$0.0486)/kWh, which is 4.5 percent lower than Rs.3.30 (~$0.0494)/kWh (levelized over 25 years) quoted at the Rewa ...
Sugar Mills

Meham Sugar Mills Tenders 20 MW Solar Project in Haryana

Meham Sugar Mills has tendered a 20 MW solar project to be developed on a build, own, operate and transfer basis. The co-operative sugar mill will provide 80 acres of ...
Solar Imports Grow 39 Percent, Exports Decline 56 Percent in the First Ten Months of Financial Year 2016-17

Solar Imports Grow 39 Percent, Exports Decline 56 Percent in the First Ten Months of Financial Year 2016-17

In the ten months from April to January in financial year (FY) 2016-17, the Indian solar sector registered export and import activity totaled $2.2 billion (~Rs.150.3 billion), an increase of ...
/ / Commercial, Solar
SgurrEnergy Adani

India Generated 10.6 Billion Units of Solar Power in the 10-Month Period from April to January (FY 2016-17), an 85 Percent Increase Year-over-Year

India had an 85 percent increase in solar power generated year-over-year, with 10.6 billion units in the 10 month period from April to January (FY 2016-17). Solar accounted for 1.02 ...
/ / Solar, Utility Scale
Pavagada Solar Park

Cumulative Solar Installations in India Surpassed 12 GW, 5.5 GW Installed During Financial Year 2016-2017

Solar installations in India reached 12,288.83 MW as of the end of financial year (FY) 2016-2017. The states of Andhra Pradesh, Rajasthan, Tamil Nadu, Telangana, Gujarat, and Karnataka each now ...
Foundation Stone Laid for 25 MW of Solar Projects in Andaman & Nicobar

Foundation Stone Laid for 25 MW of Solar Projects in Andaman & Nicobar

Foundation stones for solar projects aggregating 25 MW were laid in Andaman & Nicobar. The Union Home Minister Shri Rajnath Singh, laid the foundation stone for the Solar Power Projects ...
Pavagada Solar Park

New and Renewable Energy Development Corporation of Andhra Pradesh Tenders 2.4 MW of Rooftop Solar

The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has tendered 2.4 MW of grid connected rooftop solar to be developed under RESCO mode. The rooftop solar projects ...
SgurrEnergy Adani

SgurrEnergy India Delivers Detailed Engineering Services for Adani’s 648 MW Solar Project

SgurrEnergy India brings innovation in project design and engineering to world’s largest solar plant SgurrEnergy India Pvt. Ltd. (SgurrEnergy India), a leading solar engineering consultancy in India, is pleased to ...
/ / Commercial, Solar
Rays Power Delhi Metro

Rays Power Experts Commissions 5.5 MW of Rooftop Solar for Delhi Metro Rail Corporation

Rays Power Experts commissioned a 5.5 MW solar rooftop project for the Delhi Metro Rail Corporation (DMRC). The entire 5.5 MW is spread across various locations and stations owned by ...
/ / Rooftop, Solar
Fortum

Fortum Commissions 70 MW Bhadla Solar Park Project at Previous Record Low Bid of Rs.4.34/kWh

Fortum commissioned a 70 MW solar project at Bhadla Phase-II Solar Park in Rajasthan under National Solar Mission (NSM) Phase-II, Batch-II, Tranche-I. The 70 MW solar project is Fortum's third ...
/ / Solar, Utility Scale
Kurnool

India to Add 1 GW of Solar By the End of April at Kurnool Solar Park in Andhra Pradesh

350 MW is Operational; 650 MW to be Commissioned The entire Kurnool Ultra Mega Solar Park of 1,000 MW capacity is expected to be connected to the grid by the ...
/ / Solar, Utility Scale
Tenders and Auctions

Mercom Exclusive: Solar Tenders and Auctions Have Slowed in India

While solar installations in India have picked up speed, tender and auction activity has been slowing down over the last couple of quarters. According to Mercom's India Solar Project Tracker, ...
Bonds

Oriano Solar Raises Rs.200 Million in Series A Funding

Oriano Solar, a solar focused EPC firm, has raised Series A funding of Rs.200 million ($3 million) from Samridhi Fund, which is managed by SIDBI Venture Capital Ltd. The investment ...
/ / Finance and M&A, Solar
rooftop

Achievement-Linked Incentives and Awards Program Approved for Grid Connected Rooftop Solar

The government has approved the proposed amendments to the Achievement-linked Incentives and Awards program for grid connected rooftop and small solar power projects. These amendments will come into effect on ...
/ / Rooftop, Solar
Bids

1,000 MW of Solar Retendered, 4.5 MW Tendered and 47.5 MW Auctioned in India, in March 2017

In the month of March, there were 1,000 MW of solar retendered, 4.5 MW newly tendered projects and 47.5 MW of solar that went to auction. Compared to February, when ...
Rooftop Tender

Indian Railways Organization for Alternate Fuel and BHEL Sign Agreement to Develop a 2 MW Solar Rooftop Project

The Indian Railways Organization for Alternate Fuel (IROAF), an Indian Railways entity, and Bharat Heavy Electricals (BHEL) entered into an agreement to develop a 2 MW solar rooftop project in ...
/ / Rooftop, Solar
Policy Roundup

India Solar and Renewable Energy Policy Roundup: March 2017

Here is a renewable energy policy roundup from central, state and government agencies in India for the month of March 2017. After the low tariffs recorded in the Rewa auction, ...
/ / Markets & Policy, Solar
Solar Finance

World Bank to Provide $100 Million to Develop Solar Parks in India

The World Bank has approved $100 million (~Rs.6.5 billion) to develop solar parks in India. This includes a $75 million (~Rs.4.8 billion) loan from International Bank for Reconstruction and Development ...
/ / Finance and M&A, Solar
Loan

European Investment Bank to Provide EUR 200 Million (~$213 Million) Loan to State Bank of India for Large-Scale Solar

The European Investment Bank (EIB) approved a EUR 200 million (~Rs.13.8 billion), 20-year loan to State Bank of India (SBI) which will be utilized to help develop large scale solar ...
/ / Finance and M&A, Solar
solar project

Hindustan Power Commissions 50 MW of Solar in Punjab

Hindustan Power, an independent power producer, commissioned a 50 MW solar project in Punjab. The project was being developed under Punjab Solar Policy Phase-III. Hindustan Power commissioned its second solar ...
/ / Solar, Utility Scale
Azure Bids

Azure Power Wins Bids to Develop 46 MW of Rooftop Solar for Indian Railways

Azure Power, a solar project developer, has won bids to develop 46 MW of rooftop solar for the Indian Railways. The projects will be spread across 11 Indian states. Out ...
/ / Rooftop, Solar
Sambhar Salts

Sambhar Salts Tenders 1 MW Solar Project for Facility in Rajasthan

Sambhar Salts, a subsidiary of Hindustan Salts, a government-owned salt company, has tendered a 1 MW solar project to be developed at their facility in Rajasthan. The project will be ...
Asian Development Bank Approves $175 Million Loan Package for PGCIL

Asian Development Bank Approves $175 Million Loan Package for PGCIL

The Asian Development Bank (ADB) has approved a $175 million (~Rs.11.35 billion) loan to the Power Grid Corporation (PGCIL) to expand its solar power transmission network across the country. The ...
/ / Finance and M&A, Solar