NTPC, Karnataka, Wind-Solar Hybrid, EPC, Bid

SECI Issues Tenders for 1.2 GW of Wind, 1 GW of Solar, and 97.5 MW of Rooftop Projects

The Solar Energy Corporation of India Ltd. (SECI) recently issued three tenders for the expansion of renewable capacity in the country. The first tender is for setting up of 1,200 ...
/ / Markets & Policy, Solar
Orissa High Court Safeguard Duty Case

Solar Safeguard Duty Notification Should be Treated as Change in Law: MERC

The Ministry of Finance’s notification that imposed the Safeguard Duty is an event of Change in Law, and therefore the additional expenditure and other impacts will be considered for reimbursement ...
/ / Markets & Policy, Solar
DGTR to Hold Public Hearing on Safeguard Duty Investigation on June 26, 2018

Domestic Solar Manufacturers Unhappy Months after Safeguard Duty Imposition

The imposition of safeguard duty on solar cell and module imports from China and Malaysia is proving to be a bigger issue for local manufacturers than was perhaps anticipated. Last ...
/ / Markets & Policy, Solar
Industry Sees Many Challenges With BIS Certification Guidelines for Solar Modules

UL Completes First Solar Module Certification after Revision in IEC Standards

UL, a global certification company, has completed its first solar module testing and certification after the revision of the IEC standards in March 2016. The new IEC 61215 and IEC ...
/ / Markets & Policy, Solar
Deadline for Self-certification of Solar Modules Extended by Another 3 Months

Deadline for Self-certification of Solar Modules Extended by Another 3 Months

The Ministry of New and Renewable Energy (MNRE) has extended the deadline for the self-certification of solar photovoltaic modules (crystalline and thin film, including bifacial type) by three months. The ...
/ / Markets & Policy, Solar
Haryana Reduces Electricity Tariffs to Counter Power Loss

Delhi DISCOMs Find New Ways to Combat Power Theft Cases, Recover Outstanding Bills

BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) have announced that they have resolved around 37,000 cases through “Lok Adalats” (an alternative dispute redressal mechanism) in association ...
/ / Markets & Policy, Solar
New Solar Projects Drive Azure Power’s Revenue Up by 22% to $30.7 Million in Q2 2019

Solar Developer Azure Power’s Revenue Increases by 40% to $35 Million in Q3 of FY2019

Azure Power (NYSE: AZRE) has announced its consolidated results for the third quarter ending December 31, 2018. The total revenue in the third quarter of FY19 stood at ₹2.430.8 million ...
/ / Markets & Policy, Solar
India’s Solar Sector Received Investments Totaling $1.86 Billion in Q2 2018

Price of Solar REC Shoots Up in January 2019

After increasing in December 2018, the trade of solar renewable energy certificates (RECs) declined in January 2019. However, the cost of solar RECs shot up during the month. In January ...
/ / Markets & Policy, Solar
Payment Security Mechanism for Solar Projects under VGF Program Gets ₹5 Billion Fund

Payment Security Mechanism for Solar Projects under VGF Program Gets ₹5 Billion Fund

The Ministry of New and Renewable Energy (MNRE) has announced the guidelines for the payment security mechanism (PSM) for projects allocated under the viability gap funding (VGF) program. This has ...
/ / Markets & Policy, Solar
CERC Provides Relief to Solar Developers in the Matter of GST Compensation

CERC Provides Relief to Solar Developers in Matter of GST Compensation

In a positive development for the domestic renewable industry, the Central Electricity Regulatory Commission (CERC) has provided relief to solar project developers with regards to the effect of goods and ...
/ / Markets & Policy, Solar
MERC Approves PPAs for Solar Projects Totaling 235 MW in Maharashtra

Increase in Operational Solar Capacity Takes Adani Green’s Revenue up by 4% in Q3 FY19

Adani Green Energy Limited (Adani Green), a part of Adani Group, today announced its financial performance for the nine months and third quarter ending December 31, 2018. The company announced ...
/ / Markets & Policy, Solar
Karnataka Sets New Generic Tariff at ₹4.15/kWh for 1-10 kW Rooftop Solar Projects

Karnataka Mulls Revision of Generic Tariff for Large-Scale and Rooftop Solar Projects

The Karnataka Electricity Regulatory Commission (KERC) has issued a discussion paper to set tariff for solar power projects, including solar rooftop projects for the financial year 2020. Earlier, Mercom reported ...
/ / Markets & Policy, Solar
2019 Begins with a Sharp Decline in Solar Auction Activity While 6.5 GW of solar capa

2019 Begins with a Sharp Decline in Solar Auction Activity

Auction activity was extremely anemic in January with only 135 MW of solar capacity auctioned, a steep decline compared to over 2 GW of capacity that was auctioned in the ...
/ / Markets & Policy, Solar
Asian Development Bank Invests $20 Million in AC Energy’s First Climate Bond

Asian Development Bank Invests $20 Million in AC Energy’s First Climate Bond

The Asian Development Bank (ADB ) has invested $20 million in the first climate bond issuance of AC Energy, a wholly-owned subsidiary of Ayala Corporation in the Philippines. This will be the ...
/ / Markets & Policy, Solar
Phelan Energy Group Secures Financing for a 86 MW Solar Project in South Africa

Phelan Energy Group Secures Financing for a 86 MW Solar Project in South Africa

Phelan Energy Group has announced that in December 2018, its subsidiary, Solar Capital reached financial close on its third solar project. The project, located in South Africa, has a capacity ...
/ / Markets & Policy, Solar
SECI Issues Clarification on its 150 MW Rihand Dam Floating Solar Tender

Solar Power Generation in India Recorded Highest Production in Q4 2018

Solar power generation in India continues to increase as more solar is added to the grid every day. According to Mercom’s India Solar Project Tracker, solar accounted for around 27.9 ...
/ / Markets & Policy, Solar
APERC Approves PPAs for 841.32 MW of Wind

Pakistan Gives Tax Exemption for 5 Years to Solar and Wind Equipment Manufacturing

The Pakistan government has proposed a five-year exemption of taxes for manufacturing of solar and wind energy equipment in its budget bill, reported Reuters. The tax break is expected to ...
/ / Markets & Policy, Solar
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt

Power Finance Corporation’s Acquisition of 52% Stake in REC Approved

The Competition Commission of India has announced that it has approved Power Finance Corporation’s (PFC) acquisition of 52% stake in Rural Electrification Corporation (REC). In December 2018, the acquisition received ...
/ / Markets & Policy, Solar
Uttar Pradesh Invites Bids for 200 MW in its Private Sector Owned Solar Park

Public Sector Units to Develop 12 GW of Solar Projects in 4 Years Using Domestic Modules

The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal for the implementation of setting up 12,000 MW of grid-connected solar PV power projects under the Central Public Sector ...
/ / Markets & Policy, Solar
Tamil Nadu Proposes Feed-in Tariff for Solar Projects

Tamil Nadu Proposes Feed-in Tariff for Solar Projects

The Tamil Nadu Electricity Regulatory Commission (TNERC) has proposed feed-in tariff for solar photovoltaic (PV) procurement in a newly released consultative paper. The paper is up for comments up to March ...
/ / Markets & Policy, Solar
News Highlights from India’s Solar Industry in January 2019

News Highlights from India’s Solar Industry in January 2019

The first month of 2019 witnessed some key announcements in the Indian renewable sector. For instance, the Directorate General of Trade Remedies (DGTR ) issued its final findings for the ...
/ / Markets & Policy, Solar
Vedanta’s Odisha Branch Invites Expression of Interest for Procuring Solar Power

DISCOMs Owe ₹18.84 Billion to NTPC in Outstanding Bills for Solar Projects

Power distribution companies (DISCOMs) in Andhra Pradesh, Telangana, and Karnataka are staring at acute power shortages as the National Thermal Power Corporation (NTPC) has warned that it will stop supply ...
/ / Markets & Policy, Solar
BHEL to Set Up 129 MW of Solar Projects in Telangana for Singareni Collieries

Gujarat’s 500 MW Solar Tender Oversubscribed by 545 MW

Gujarat Urja Vikas Nigam Limited (GUVNL)’s 500 MW grid-connected solar photovoltaic (PV) power projects (Phase IV) tender has been oversubscribed by 545 MW. Bids totaling 1,045 MW were submitted in ...
/ / Markets & Policy, Solar
Maharashtra Floats Tender for 50,000 Solar Water Pumping Systems

MNRE Seeks Stakeholder Comments on BIS Standards for Solar Pumps

The Ministry of New and Renewable Energy (MNRE) has issued a memorandum requesting for views of stakeholders on the BIS standards for solar PV water pumping systems. Earlier, the Bureau ...
/ / Markets & Policy, Solar
Spot Power Price Declines by 7% to ₹3.46/kWh in July but Still Higher than Solar Tariffs

Peak Power Demand in India Increased Year-Over-Year by 4% in January 2019

According to the Indian Energy Exchange (IEX), the all India peak demand touched 162 GW in January 2019, registering a 4 percent increase over the peak demand registered in January ...
/ / Markets & Policy, Solar