The Ministry of Power has directed the state governments and the governments of union territories (UT) to provide relaxation in performance security

Ministry Asks States to Relax Performance and Bid Security for Power Project Bids

The Ministry of Power has directed the state governments and the governments of union territories (UT) to relax performance security, earnest money deposits requirements for power project bids. It has ...
/ / Markets & Policy, Solar
Adani Green to Acquire a 75 MW of Solar Project from Sterling and Wilson (3)

Adani Green to Acquire a 75 MW Solar Project from Sterling and Wilson

Adani Green Energy Limited (AGEL) has announced that it will acquire 75 MW of operational solar assets in Telangana from Sterling and Wilson, a Shapoorji Pallonji Group subsidiary, for ₹4.46 ...
Bharti Airtel Increases its Stake in Avaada Energy's Group Captive Solar Project

Bharti Airtel Increases its Stake in Avaada Energy’s Group Captive Solar Project

Bharti Airtel, one of India's largest telecom companies, has joined hands with Avaada Energy and decided to buy an additional 3.3% stake in the special purpose vehicle (SPV) Avaada MHBuldhana ...
/ / Finance and M&A, Solar
West Bengal Allows Net Metering for Rooftop Solar Systems Installed Before June 30, 2021

West Bengal Allows Net Metering for Rooftop Solar Systems Installed Before June 30, 2021

The West Bengal Electricity Regulatory Commission (WBERC) has ruled that consumers who install solar photovoltaic systems before June 30, 2021, will be eligible for net metering facilities. Background  The Commission ...
Tender Issued for Installing a 1 MW Solar Project with Net Metering

Tender Issued for Installing a 1 MW Solar Project with Net Metering

The state-run Security Printing and Minting Corporation of India Limited (SPMCIL) has invited bids for the supply, installation, testing, and commissioning of a 1 MW grid-connected solar power project with ...
Indore Smart City Reissues Tender for Consulting and O&M for 120 MW of Solar Projects

Indore Smart City Reissues Tender for Consulting and O&M for 120 MW of Solar Projects

The Indore Smart City Development Limited (ISCDL) has issued a revised tender for consultants to set up 100 MW to 120 MW ground-mounted or floating solar power projects in the ...
Bids Invited for 75 MW of Solar Projects in Uttar Pradesh With Ceiling Tariff of ₹3/kWh

Bids Invited for 75 MW of Solar Projects in Uttar Pradesh With Ceiling Tariff of ₹3/kWh

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids for the setting up of 75 MW of grid-connected solar power projects at the UP Solar Park ...
Andhra Pradesh Regulator Denies Relief for a 25 MW Solar Project Claiming Force Majeure

Andhra Pradesh Regulator Denies Relief for a 25 MW Solar Project Claiming Force Majeure

The Andhra Pradesh Electricity Regulatory Commission (APERC) has rejected a solar developer’s plea for relief for the delayed commissioning of a 25 MW solar power project at Gurramkonda in the ...
BHEL Lands its First Overseas EPC Contract for 8 MW of Solar Projects in Mauritius

BHEL Lands its First Overseas EPC Contract for 8 MW of Solar Projects in Mauritius

Bharat Heavy Electricals Limited (BHEL) announced its plans to set up an 8 MW solar project at Tamarind Falls, Henrietta (Phase-II), Mauritius. This would be its first overseas turnkey contract ...
/ / Solar
GUVNL's 500 MW Solar Auction Gets Lowest Tariff of ₹2.20_kWh

First Auction After BCD: GUVNL’s 500 MW Solar Auction Gets Lowest Tariff of ₹2.20/kWh

Sprng Ujjvala Energy, NTPC Renewable Energy, Coal India, and TP Saurya-a Tata Power subsidiary - were declared winners in the Gujarat Urja Vikas Nigam Limited's (GUVNL) auction to purchase power ...
Adani Green to Acquire a 50 MW Solar Project from SkyPower Global

Adani Green to Acquire a 50 MW Solar Project from SkyPower Global

Adani Green Energy Limited (AGEL) announced that it had signed a share purchase agreement to acquire a 100% stake in an SPV (Special Purpose Vehicle) holding a 50 MW operating ...
/ / Finance and M&A, Solar
NVVN to Enlist EPC Contractors for Floating and Ground-Mounted Solar Projects

NVVN to Enlist EPC Contractors for Floating and Ground-Mounted Solar Projects

NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC Limited, has invited bids to enlist engineering, procurement, and construction (EPC) agencies for the development of floating and ground-mounted ...
Solar Monitoring and Analytics Platform Prescinto Closes $3.5 Million in Seed Funding

Solar Monitoring and Analytics Platform Prescinto Closes $3.5 Million in Seed Funding

Solar monitoring and analytics platform Prescinto has announced the close of $3.5 million in seed round funding. The round was led by Venture Catalysts, with participation from Inflection Point Ventures, ...
/ / Finance and M&A, Solar
Module Supplier Canadian Solar Reports 8.6% Rise in Net Revenue in 2020

Module Supplier Canadian Solar Reports 8.6% Rise in Net Revenue in 2020

Canadian Solar, a Canada-based solar module manufacturer, reported an 8.6% increase in net revenue with $3.47 billion in 2020 compared to $3.20 billion in 2019 owing to a 32% annual ...
/ / Finance and M&A, Solar
BHEL Calls for Detailed Report on Manufacturing Feasibility from Quartz to Solar Modules

BHEL Calls for Detailed Report on Manufacturing Feasibility from Quartz to Solar Modules

Bharat Heavy Electricals Limited (BHEL), an Indian engineering and manufacturing enterprise has invited bids for consulting firms to prepare a detailed project report (DPR) on the solar photovoltaics (PV) manufacturing ...
USAID, DFC to Provide $41 Million Loan for Financing Rooftop Solar By SMEs

USAID, DFC to Provide $41 Million Loan for Financing Rooftop Solar By SMEs

The United States Agency for International Development (USAID) and the US International Development Finance Corporation (DFC) announced a $41 million loan guarantee program to finance investment in renewable energy solutions, ...
/ / Finance and M&A, Rooftop, Solar
Solar Industry Weighs in on the Basic Customs Duty Implications

Solar Industry Weighs in on the Basic Customs Duty Implications

The Ministry of New and Renewable Energy (MNRE) recently imposed a basic customs duty (BCD) of 40% on solar modules and 25% on solar cells, starting April 1, 2022. The ...
/ / Markets & Policy, Solar
10 MW in Empanelment Tenders Announced for Off-Grid Solar Projects in Uttar Pradesh

10 MW in Empanelment Tenders Announced for Off-Grid Solar Projects in Uttar Pradesh

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has floated three tenders to empanel agencies for the supply, manufacture, erection, testing, and commissioning of off-grid solar power projects ...
/ / Off-grid, Solar
TCIL Invites Bids to Set Up 5 GW of Solar Projects Under CPSU Program by IREDA

TCIL Invites Bids to Set Up 5 GW of Solar Projects Under CPSU Program by IREDA

Telecommunications Consultants India Limited (TCIL) has floated an expression of interest (EoI) to select partners for setting up grid-connected solar projects in India under the Central Public Sector Undertaking (CPSU) ...
Empanelment Tenders Floated for 18 MW of Rooftop Solar Projects on Government Buildings (1)

Empanelment Tenders Floated for 18 MW of Rooftop Solar Projects on Government Buildings

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has floated tenders to empanel agencies for 18 MW of captive grid-interactive rooftop solar projects to be set up at government ...
BESCOM's Plea To Cut Tariff for Solar Power Purchased Over Contracted Capacity Rejected

BESCOM’s Plea To Cut Tariff for Solar Power Purchased Over Contracted Capacity Rejected

The Karnataka Electricity Regulatory Commission (KERC) dismissed the petition filed by the Bangalore Electricity Supply Company Limited (BESCOM) for the redetermination of tariff for purchase of additional power or to ...
/ / Markets & Policy, Solar
Adani Green Secures $1.35 Billion Debt Financing For Its Renewable Energy Portfolio

Adani Green Secures $1.35 Billion Debt Financing For Its Renewable Energy Portfolio

In an important development, Adani Green Energy Limited (AGEL) has raised a $1.35 billion (~₹97.93 billion) debt package for its under-construction renewable asset portfolio, according to a press release. The ...
/ / Finance and M&A, Solar
SECI Payouts to Solar, Wind Developers Stood at ₹4.25 Billion in January 2021

SECI Payouts to Solar, Wind Developers Stood at ₹4.25 Billion in January 2021

The Solar Energy Corporation of India (SECI) paid about ₹4.25 billion (~$58.6 million) to solar and wind developers in January 2021, according to data released by the agency. These expenses ...
US Solar Industry Grows by 43% With 19.2 GW Installed in 2020 Despite COVID-19

US Solar Industry Grows by 43% With 19.2 GW Installed in 2020 Despite COVID-19

According to the U.S. Solar Market Insight 2020 Year-in-Review report, released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the U.S. solar industry grew 43% and installed a ...
/ / Markets & Policy, Solar
GUVNL Reissues Tenders for 800 MW of Solar Power Scrapped Earlier

GUVNL Reissues Tenders for 800 MW of Solar Projects Scrapped Earlier

Gujarat Urja Vikas Nigam Limited (GUVNL) has reissued tenders to purchase 800 MW of solar power from grid-connected solar projects at the Dholera and Raghanesda Solar Parks in the state ...