CERC Reduces Forbearance Price

CERC Reduces Forbearance Price of Solar RECs to Rs.2,400 (~$36.91)/MWh

The Central Electricity Regulatory Commission (CERC) has issued new forbearance and floor prices for Renewable Energy Certificates (REC). The forbearance price of solar RECs will be Rs.2,400 (~$36.91)/MWh and the ...
/ / Solar, Utility Scale
MW-Scale Solar Project

Azure Power Commissions 137 MW of Solar

Azure Power commissioned 137 MW of solar in March 2017, including the 130 MW solar power system in Chitradurga district, Karnataka, under the Karnataka Solar Policy 2014-2021, and 7 MW ...
/ / Solar, Utility Scale
Solar tender

Mercom Exclusive: Payment Delays are Increasing Risk and Project Costs for Solar and Wind Projects in Many States

Payment delays by distribution companies (DISCOMs) continue to pose a challenge for the growing renewable energy sector in India as it tries to achieve 175 GW of renewable installations by ...
Bhadla Solar Farm

NTPC Commissions 260 MW Bhadla Solar Farm Under Its Self-Owned Projects Program

The National Thermal Power Corporation (NTPC) has completed commissioning of the 260 MW solar project being developed under its self-owned projects program. The final 55 MW of the project were ...
/ / Solar, Utility Scale
Pavagada Solar Park

NTPC Retenders 250 MW of Solar at Pavagada Solar Park in Karnataka

The National Thermal Power Corporation (NTPC) has retendered 250 MW of solar at Pavagada Solar Park in Karnataka under the domestic content requirement (DCR) category. The entire capacity is divided ...
Interest Costs of DISCOMs Reduced by Rs.119.89 Billion (~$1.83 Billion) Under UDAY Program

Interest Costs of DISCOMs Reduced by Rs.119.89 Billion (~$1.83 Billion) Under UDAY Program

In the first nine months of India’s current financial year (FY) 2016-2017, the interest costs of states and union territory DISCOMs that have joined the Ujwal DISCOM (distribution company) Assurance ...
/ / Markets & Policy, Solar
Solar Park

India’s Solar Park Capacity Increase from 20 GW to 40 GW Has Been Approved

The enhancement of India’s solar park program from 20 GW capacity to 40 GW capacity has received final administrative approval. The President of India has approved the implementation of program ...
/ / Solar, Utility Scale
Rooftop

NTPC Tenders 1.5 MW of Grid-Connected Rooftop Solar at its Kudgi Stage-I Premises in Karnataka

The National Thermal Power Corporation (NTPC) has tendered 1.5 MW of rooftop solar to be developed at the NTPC Kudgi Stage-I premises. The project will be awarded through a domestic ...
Grid Connected

NTPC Commissions 45 MW of Solar at the Bhadla Solar Park

The National Thermal Power Corporation (NTPC) has commissioned projects aggregating 45 MW at Bhadla solar park in Rajasthan. The NTPC announced that 25 MW of solar was commissioned on March ...
/ / Solar, Utility Scale
Grid Connected

TEDA Invites Expression of Interest to Develop 500 MW Solar Park in Tamil Nadu

The Tamil Nadu Energy Development Agency (TEDA) has invited expression of interest to develop a 500 MW solar park. Indian as well as international developers can participate. The last date ...
Rooftop Solar

New Benchmark Costs Set for Rooftop and Small-Scale Solar In India

New benchmark costs have been set for small-scale and rooftop solar projects in India, according to a government release and will come into effect on March 20, 2017. These new ...
/ / Rooftop, Solar
Rooftop Solar

Mercom Exclusive: Renewable Purchase Obligation Compliance Needs to Improve Fast for India to Meet Its Solar Installation Targets

Renewable Purchase Obligation (RPO) is the single most important policy driving renewable energy installations in India towards achieving the aggressive goal of installing 175 GW by 2022 with solar making ...
Solar Tender

Tamil Nadu Energy Development Agency Bids for 50 MW of Solar Amid Lack of Response for the 500 MW Tender

The Tamil Nadu Energy Development Agency (TEDA) has bid for 50 MW of solar in the 500 MW tender floated by the state’s DISCOM, Tamil Nadu Generation and Distribution Corporation ...
Solar Installations in India to Double in the Next 15 Months According to Minister of Power

Solar Installations in India to Double in the Next 15 Months According to Minister of Power

According to the Indian Minister of Power, solar installations in India are expected to double in the next 15 months to cross 20 GW by June 2018. As of March ...
/ / Solar, Utility Scale
110 MW of Solar Projects Commissioned in Uttarakhand

110 MW of Solar Projects Commissioned in Uttarakhand

Solar projects aggregating 110 MW have been commissioned in the state of Uttarakhand with another 65 MW expected to be commissioned by the end of March 2017. ACME Solar, Rays ...
/ / Solar, Utility Scale
Government of India Developing Solar Energy Program for Power Loom Sector

Government of India Developing Solar Energy Program for Power Loom Sector

To help support the power loom sector, the Government of India is formulating a solar energy program for decentralized power loom units in the country. The program will provide financial ...
/ / Markets & Policy, Solar
NTPC Retenders 750 MW of Solar at Pavagada Solar Park in Karnataka

NTPC Retenders 750 MW of Solar at Pavagada Solar Park in Karnataka

The National Thermal Power Corporation (NTPC) has retendered 750 MW of solar at the Pavagada Solar Park in Karnataka. This is an Open category tender and the bid-submission deadline is ...
149 MW of Solar Installed Under Off-Grid Program

149 MW of Solar Installed Under Off-Grid Program

Standalone solar projects aggregating 149 MW have been installed in India under the off-grid program. The Ministry of Power is providing help to develop standalone solar power projects under off-grid ...
/ / Off-grid, Solar
IOCL

Indian Oil Corporation to Tender 15 MW of Solar Rooftop

The Indian Oil Corporation (IOCL) is expected to tender 15 MW of rooftop solar soon. “We have submitted proposal to management and are awaiting approval, once approved IOCL will tender ...
Karnataka Farmers

140 MW of Solar Commissioned by Farmers in Karnataka

In the Karnataka state, solar projects aggregating 140 MW have been commissioned so far, under farmers program. These projects have been constructed on land held by farmers in the state ...
/ / Solar, Utility Scale
Tata Power Solar

Tata Power Solar Scales Up Manufacturing

Module Capacity Has Doubled, Cell Manufacturing Capacity Has Increased by 65 Percent Tata Power Solar has announced significant manufacturing capacity expansion at its Bengaluru facility in India. The company has ...
/ / Manufacturing, Solar
Power Supply

World Bank to Provide $25 Million Loan to Develop Transmission at Rewa Solar Park

The World Bank Group is providing $25 million (~Rs.1.65 billion) to develop transmission infrastructure at the Rewa Solar Park. The loan is being provided at an interest rate of 0.25 ...
/ / Finance and M&A, Solar
Canadian Solar

Canadian Solar Signs PPA with SECI for 80 MW of Solar in Maharashtra

Canadian Solar, a vertically-integrated manufacturer of silicon ingots, wafers and PV cells and modules, and the Solar Energy Corporation of India (SECI) have signed power purchase agreement (PPA) for solar ...
/ / Solar, Utility Scale
Solar Tariffs

Mercom Exclusive: Solar Tariffs in India Have Fallen by 73 Percent Since 2010

India’s solar sector recently reached record low tariff levels in the auction conducted at the Rewa Solar Park in the state of Madhya Pradesh. India was one of the first ...
Piyush Goyal

MNRE: Cumulative Solar Installations in India Crosses 10 GW

Cumulative solar installations have crossed 10 GW in India according to The Ministry of New and Renewable Energy (MNRE). Mercom’s India Quarterly Market Update with detailed installations figures, forecasts, pipeline ...
/ / Solar, Utility Scale