Karnataka Regulator Reduces Tariff for 60 MW of Adani Green’s Delayed Solar Projects

Karnataka Regulator Reduces Tariff for 60 MW of Adani Green’s Delayed Solar Projects

The Karnataka Electricity Regulatory Commission (KERC) has denied Adani Green Energy (UP) Limited’s requests for relief under the force majeure clause of its power purchase agreement (PPA) with the Bangalore ...
Rajasthan Electronics Floats Tenders for 600,000 Multicrystalline Solar Cells

Rajasthan Electronics Floats Tenders for 600,000 Multicrystalline Solar Cells

The Rajasthan Electronics and Instruments Limited (REIL), a joint venture between the government of India and the state of Rajasthan, has invited bids for the supply of 300,000 solar cells ...
/ / Solar, Tenders & Auctions
Fourth Partner Energy Receives ₹1.26 Billion to Expand Distributed Solar Footprint (1)

Fourth Partner Energy Receives ₹1.26 Billion to Expand Distributed Solar Footprint

Symbiotics, an investment firm specialized in emerging, sustainable, and inclusive finance, issued its first bond the proceeds of which are exclusively used to finance renewable energy projects. It raised ₹1.26 ...
/ / Finance and M&A, Solar
These High-Performance Organic Solar Cells Claim to Have an Efficiency of Over 14%

These High-Performance Organic Solar Cells Claim to Have an Efficiency of Over 14%

A research team from the South China University of Technology has claimed to have developed a new method of producing organic solar cells, which eliminate the need for potentially toxic ...
/ / Solar, Technology
Sterling and Wilson Solar’s Profit Falls 63% YoY in Q1 FY 2021

Sterling and Wilson Solar’s Profit Falls 63% YoY in Q1 FY 2021

Sterling and Wilson Solar Limited (SWSL), a solar engineering, procurement, and construction (EPC) company, reported a 63% fall in profits year over year (YoY) during the quarter ended June 30, ...
Gujarat’s Blueprint to Establish Tariffs for Wind-Solar Hybrid Projects

Gujarat’s Blueprint to Establish Tariffs for Wind-Solar Hybrid Projects

The Gujarat Electricity Regulatory Commission (GERC) has invited comments from stakeholders on its discussion paper to start a regulatory process for determining tariffs for wind-solar hybrid projects. The GERC noted ...
Gujarat’s New Land Policy for Solar, Wind Projects to Make Developers More Accountable

Gujarat’s New Land Policy for Solar, Wind Projects to Make Developers More Accountable

The state government of Gujarat has issued amendments to its wasteland allotment policy for wind, solar, and hybrid (wind and solar) power projects. According to the amendments, the renewable power ...
/ / Markets & Policy, Solar
Shapoorji Pallonji Defers Repayment of Sterling & Wilson Solar’s Loan

Shapoorji Pallonji Defers Repayment of Sterling & Wilson Solar’s Loan

The Shapoorji Pallonji Group has told the subsidiary company, Sterling and Wilson Solar Limited (SWSL), that it would defer the payment of the loan amount of over ₹10 billion (~$135.8 ...
/ / Markets & Policy, Solar
Greece Likely to Spend $5.9 Billion for Lignite Phase-Out, Set Up a 204 MW Solar Park

Greece Likely to Spend $5.9 Billion for Lignite Phase-Out, Set Up a 204 MW Solar Park

Greece is likely to spend $5.9 billion to neutralize the economic impact of phasing off lignite-based power generation according to a report by Athens News Agency - Macedonian Press Agency ...
/ / Markets & Policy, Solar
Maharashtra DISCOM and SECI Spar Over Solar Agreement, Dispute on Jurisdiction

Maharashtra DISCOM and SECI Spar Over Solar Agreement, Dispute on Jurisdiction

The Maharashtra Electricity Regulatory Commission (MERC) asserted that it was the appropriate commission to adjudicate a dispute between the Solar Energy Corporation of India (SECI) and the Maharashtra State Electricity ...
Daqo New Energy to Invest $576 in Polysilicon Manufacturing Facilities Through IPO

Daqo New Energy to Invest $576 Million in Polysilicon Manufacturing Facilities Through IPO

Chinese solar photovoltaic (PV) grade polysilicon manufacturer Daqo New Energy Corporation has revealed plans to raise $732 million (~₹53.7 billion) for new polysilicon manufacturing facilities and working capital requirements. In its press ...
/ / Finance and M&A, Solar
Railways’ 1 GW Solar Tender Gets Another Bidding Deadline Extension

Railways’ 1 GW Solar Tender Gets Another Bidding Deadline Extension

RITES Limited, an engineering consultancy company, specializing in transport infrastructure, has extended the bid submission deadline for setting up 1 GW of land-based solar power projects on various zonal railways ...
/ / Solar, Tenders & Auctions
SECI Announces Yet Another Deadline Extension for 97.5 MW Rooftop Solar Tender

SECI Announces Yet Another Deadline Extension for 97.5 MW Rooftop Solar Tender

The Solar Energy Corporation of India (SECI) has yet again extended the timeline for its tender for 97.5 MW of grid-connected rooftop solar systems on government building across the country ...
Starkraft Acquires Five Irish Solar Farms Totalling 275 MW From Lightsource bp

Statkraft Acquires Five Irish Solar Farms Totaling 275 MW From Lightsource bp

Statkraft Ireland acquired five solar projects with a combined capacity of 275 MW from Lightsource bp. The projects are located in counties of Meath, Laois, Tipperary, and Cork. The acquisition is ...
/ / Finance and M&A, Solar
ISA, MNRE, and World Bank Get Onboard to Bolster Global Cooperation for Solar Energy

ISA, MNRE, and World Bank Get Onboard to Bolster Global Cooperation for Solar Energy

The International Solar Alliance (ISA), the World Bank, and the Ministry of New and Renewable Energy (MNRE) signed a Memorandum of Understanding (MoU) to implement the ‘One Sun One World ...
/ / Markets & Policy, Solar
NREL Researchers Discover New Materials for Super-Efficient Solar Cells

NREL Researchers Discover New Materials for Super-Efficient Solar Cells

Researchers at the National Renewable Energy Laboratory (NREL) discovered new materials for super-efficient solar cells of the future. The research focuses on a carefully designed molecule that can efficiently split ...
/ / Solar, Technology
EXIM Bank Floats Tender Seeking Consultants for Rural Solar Projects in Suriname

EXIM Bank Floats Tender Seeking Consultants for Rural Solar Projects in Suriname

The Export-Import Bank of India (EXIM) has floated a tender seeking Indian consultancy firms to assist in the electrification of 50 villages in the Republic of Suriname in South America ...
Mahindra Renewables Terminates Sale of its Subsidiary to CLP India

Mahindra Renewables Terminates Sale of its Subsidiary to CLP India

Mahindra Renewables Private Limited (MRPL) has terminated the sale of its subsidiary Neo Solren Private Limited (NSPL) to Gujarat-based CLP India Private limited (CLP India). MRPL is a part of ...
/ / Markets & Policy, Solar
NLC India_ Central Public Sector Unit With Largest Capacity of Solar Installed

NLC India: Central Public Sector Unit With Largest Capacity of Solar Installed

The Neyveli Lignite Corporation (NLC) submitted its annual report for 2019-20, which said that it commissioned 1,421 MW of renewable projects in 2019-20. With the commissioning of the entire 709 ...
/ / Markets & Policy, Solar
ADB to Provide ₹4.66 Billion Loan to ENGIE for a 200 MW Solar Project in Gujarat

ADB to Provide ₹4.66 Billion Loan to ENGIE for a 200 MW Solar Project in Gujarat

The Asian Development Bank (ADB) and  ENGIE have signed a long-term loan agreement worth ₹4.66 billion (~ $65.6 million) to develop and operate a 200 MW (AC) solar project in ...
/ / Finance and M&A, Solar
Strong Performance of Solar Assets Takes Adani Green’s Revenue Up by 10% YoY

Strong Performance of Solar Assets Takes Adani Green’s Revenue Up by 10% YoY

Adani Green Energy Limited (AGEL) declared its financial results for the first quarter of the financial year 2020-2021. Despite COVID, The company’s revenue and ‘earnings before interest taxes depreciation amortization’ ...
/ / Finance and M&A, Solar
Japan's Orix to Acquire 20% Stake in Indian Renewable Developer Greenko at $980 Million

Japan’s Orix to Acquire 20% Stake in Indian Renewable Developer Greenko at $980 Million

Orix Corporation, a Japan-based financial services group, announced that it had signed a framework agreement with renewable energy project developer Greenko Energy Holdings, to acquire approximately 20% of its shares ...
/ / Finance and M&A, Solar
Solar Curtailment Could Rise Globally as PV Penetration Increases

Solar Curtailment Could Rise Globally as PV Penetration Increases

The trend of curtailment of renewable power has started taking shape globally. Power firms in China, Chile, several U.S. markets, including Arizona, California, Hawaii, and Texas, had to curtail at ...
/ / Markets & Policy, Solar
Gross Metering Proposed for Residential Rooftop Solar Systems of Above 5 kW Capacity

Gross Metering Proposed for Residential Rooftop Solar Systems of Above 5 kW Capacity

The Ministry of Power (MoP) has come out with draft electricity rules 2020 aimed at streamlining the process of supply of electricity to consumers by distribution licensees (DISCOMs). The rules ...
/ / Rooftop, Solar
Indian Oil Invites Bids to Set Up a 2.75 MW Solar Project at its Trichy Unit

Indian Oil Invites Bids to Set Up a 2.75 MW Solar Project at its Trichy Unit

The Indian Oil Corporation of India (IOCL) has invited bids for setting up a 2.75 MW grid-connected ground-mounted solar power project at the Indian Oil LPG bottling plant in Trichy, ...
/ / Solar, Tenders & Auctions