Tamil Nadu Commission Denies Tariff of ₹7.01kWh for 288 MW of Delayed Solar Projects

Tamil Nadu Commission Denies Tariff of ₹7.01/kWh for 288 MW of Delayed Solar Projects

The Tamil Nadu Electricity Regulatory Commission (TNERC), in a recent ruling, said that there was no provision in the energy purchase agreement (EPA) to entitle two solar power generators to ...
Vikram Solar to Manufacture Mono and Bifacial Modules at its New 1.3 GW Facility

Vikram Solar to Manufacture Mono and Bifacial Modules at its New 1.3 GW Facility: Interview

Domestic manufacturers of solar modules are slowly ramping up capacities. India has a large-scale solar project pipeline of 53.6 GW, with another 24.1 GW tendered and pending auctions as of ...
/ / Markets & Policy, Solar
SECI Not a Nodal Agency for Wind-Solar Hybrid Projects Anymore

SECI Not a Nodal Agency for Wind-Solar Hybrid Projects Anymore

According to the Ministry of New and Renewable Energy’s (MNRE) newly introduced amendments to the competitive bidding process guidelines for grid-connected wind-solar hybrid projects, the Solar Energy Corporation of India ...
/ / Markets & Policy, Solar
Regulator Rejects Solar Developer's Petition for Refund of Liquidated Damages

Regulator Rejects Solar Developer’s Petition for Refund of Liquidated Damages

The Karnataka Electricity Regulatory Commission (KERC), in a recent order, has rejected the petition of Kavit Green Energy asking Gulbarga Electricity Supply Company Limited (GESCOM) to refund ₹28.3 million (~$380,087) ...
/ / Markets & Policy, Solar
Himachal Pradesh Reduces Levelized Tariffs for Solar Projects up to 5 MW

Himachal Pradesh Reduces Levelized Tariffs for Solar Projects Up to 5 MW

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has issued a generic levelized tariff for solar projects (up to 5 MW) for the financial year (FY) 2021-22. The Commission also sought ...
/ / Markets & Policy, Solar
China Adds 13 GW of Solar Capacity in the First Half of 2021

China Adds 13 GW of Solar Capacity in the First Half of 2021

According to the latest data released by the National Energy Administration (NEA), 13.01 GW of solar capacity was installed in China during the first half (1H) of 2021. Installations saw ...
/ / Markets & Policy, Solar
Uttar Pradesh Commission Rejects Part Commissioning of a 10 MW Open Access Solar Project

Uttar Pradesh Commission Rejects Part Commissioning of a 10 MW Open Access Solar Project

The Uttar Pradesh Electricity Regulatory Commission (UPERC), in a recent order, ruled that AMPSolar Evolution would not be allowed the part commissioning of its two new projects at Tilhar and ...
SECI Pays ₹6.61 Billion to Solar and Wind Developers for Power Purchased in June

SECI Pays ₹6.61 Billion to Solar and Wind Developers for Power Purchased in June

The Solar Energy Corporation of India (SECI) paid around ₹6.61 billion (~$89 million) to solar and wind developers for the power it purchased in June 2021, according to the data ...
/ / Markets & Policy, Solar
Rajasthan Flouts Policy Levies ₹0.60kWh Electricity Duty on Captive Solar Projects

Rajasthan Flouts Policy, Levies ₹0.60/kWh Electricity Duty on Captive Solar Projects

The Chairman of the Rajasthan distribution companies (DISCOMs) and the Rajasthan Urja Vikas Nigam Limited have issued an order, levying electricity duty of ₹0.60 (~$0.00081)/kWh on the consumption of power ...
/ / Markets & Policy, Solar
BSES Delhi Signs Power Sale Agreements with SECI for 510 MW of Solar and Hybrid Power

BSES Delhi Signs Power Sale Agreements with SECI for 510 MW of Solar and Hybrid Power

The BSES Delhi distribution companies (DISCOMs) have inked power sale agreements for 25 years with Solar Energy Corporation of India (SECI) to procure 510 MW of solar and hybrid power. Of the ...
/ / Markets & Policy, Solar
Solar Value Down by 37% in California Due to Value Deflection: Report

Solar Value Down by 37% in California Due to Value Deflection: Report

The value of solar has fallen by about 37% compared to other power generation sources in California, said The Breakthrough Institute in its latest report. The report said California’s 20% power comes ...
/ / Markets & Policy, Solar
Tariff for Delayed Solar Project in Karnataka Reduced to ₹6.51kWh from ₹7.05kWh

Tariff for Delayed Solar Project in Karnataka Reduced to ₹6.51/kWh from ₹7.05/kWh

The Karnataka Electricity Regulatory Commission (KERC), in a recent order, has rejected Photon Suryakiran's petition asking for Bangalore Electricity Supply Company (BESCOM) not to reduce the tariff of the delayed ...
/ / Markets & Policy, Solar
Tata Power to Install a 10 MW Captive Solar Project for CEAT Tires

Tata Power to Install a 10 MW Captive Solar Project for CEAT Tyres

CEAT, a multinational tyre manufacturing company, has engaged Tata Power to develop a 10 MW captive solar project at Tata Power’s Solapur site in Maharashtra. CEAT will procure electricity from ...
/ / Markets & Policy, Solar
Reliance New Energy Solar Incorporated as the Wholly-Owned Subsidiary of Reliance Inds (1)

Reliance New Energy Solar Incorporated as the Wholly-Owned Subsidiary of Reliance Inds

Reliance Industries Limited (RIL) has formed Reliance New Energy Solar Limited (RNESL), investing ₹100,000 (~$1342) for 10,000 equity shares of ₹10 (~$0.13) each. In its BSE filing, the company said ...
/ / Markets & Policy, Solar
IEX’s Green Term-Ahead Market Traded 412 MU of Green Energy in June 2021

IEX’s Green Term-Ahead Market Traded 412 MU of Green Energy in June 2021

The Indian Energy Exchange (IEX) traded 412 MU of green energy in June 2021 due to the ongoing wind season. This is a 15% increase compared to 357 MU traded in May ...
APTEL Asks DISCOM to Return Bank Guarantee of a Delayed Solar Project

APTEL Asks DISCOM to Return Bank Guarantee of a Delayed Solar Project

The Appellate Tribunal for Electricity (APTEL), in a recent order, has ruled in favor of a solar developer, allowing a 15-month extension for a delayed solar project. Of the total ...
APTEL Upholds SECI’s Trading Margin of ₹0.07kWh for Solar and Hybrid Projects

APTEL Upholds SECI’s Trading Margin of ₹0.07/kWh for Solar and Hybrid Projects

The Appellate Tribunal for Electricity (APTEL) has upheld the Solar Energy Corporation of India’s (SECI) plea regarding the trading margin of power. The Tribunal refused to reduce the margin from ...
Four Union Territories and Goa Fail to Comply With Renewable Purchase Obligations

Four Union Territories and Goa Fail to Comply with Renewable Purchase Obligations

The Joint Electricity Regulatory Commission (JERC) has reviewed renewable purchase obligation (RPO) targets for 2020-21 based on the submitted data from the regions of its jurisdiction. According to the Commission's ...
Regulator Allows Odisha's GRIDCO to Buy 500 MW of Solar from SECI at ₹2.61/kWh

Regulator Allows Odisha’s GRIDCO to Buy 500 MW of Solar from SECI at ₹2.61/kWh

In an important development, the Odisha Electricity Regulatory Commission (OERC) has approved the procurement of 500 MW solar power by GRIDCO from the Solar Energy Corporation of India (SECI). The ...
Gujarat Not to Allow Net Metering for Rooftop Solar Systems Over 10 kWGujarat Not to Allow Net Metering for Rooftop Solar Systems Over 10 kW

Gujarat Not to Allow Net Metering for Rooftop Solar Systems Over 10 kW

The Gujarat Electricity Regulatory Commission (GERC) has proposed amendments to the 'Net Metering Rooftop Solar Grid-Interactive Systems Regulations, 2016'. As per the proposed amendments, net metering will be permitted for ...
Azure Power Secures $163 Million Debt Funding for its Solar Project from MUFG

Azure Power Secures $163 Million Debt Funding for its Solar Project from MUFG

Mitsubishi UFJ Financial Group (MUFG) has announced the completion of a five-year syndicated financing deal of $163 million for Azure Power's 300 MW solar project. The project is being developed in ...
Power Generators Face Highest Payment Backlog from Tamil Nadu and Rajasthan DISCOMs

Power Generators Face Highest Payment Backlog from Tamil Nadu and Rajasthan DISCOMs

Distribution companies (DISCOMs) owed ₹124.2 billion (~$1.66 billion) to renewable energy generators (excluding disputed amounts) in overdue payments across 193 pending invoices at the end of May 2021, according to ...
Regulator Sets Incremental Tariffs for Solar Safeguard Duty Compensation

Regulator Sets Incremental Tariffs for Solar Safeguard Duty Compensation

The Karnataka Electricity Regulatory Commission (KERC), in a recent order, ruled that Fortum Solar India is entitled to compensation for the additional cost incurred due to the imposition of safeguard ...
Suzlon Energy, Wind Turbines, Financial Results, Wind Energy

Suzlon Energy Logs ₹32.95 Billion Revenue in FY 2021, Over 12% Jump YoY

Wind turbine manufacturer Suzlon Energy Limited has announced a 12.34% jump in its net revenue in the financial year (FY) 2021. The company’s net revenue stood at ₹32.95 billion (~$443 million) ...
Policy Certainty and Stability Crucial for New Investments in the Solar Sector

Policy Certainty and Stability Crucial for New Investments in the Solar Sector

On June 30, 2021, Mercom hosted a webinar on the 'State of the Indian Solar Market – Addressing Major Shifts in the Industry and the Path Forward'. The focus of the discussion ...