IREDA Gets a Nod from SEBI to Launch IPO

IREDA Gets a Nod from SEBI to Launch IPO

The Indian Renewable Energy Development Agency (IREDA) has received a green signal from the Securities and Exchange Board of India (SEBI) for the launch of its Initial Public Offering (IPO). Now, ...
/ Markets & Policy, Solar
MNRE Removes DCR Clause from 5 GW Viability Gap Funding Program

MNRE Removes DCR Clause from 5 GW Viability Gap Funding Program

The Ministry of New and Renewable Energy (MNRE) has amended the guidelines for the implementation of Viability Gap Funding (VGF) program to develop 5 GW of grid-connected solar photovoltaic (PV) ...
/ Markets & Policy, Solar
Indian Solar Installations Grew by 123% to Reach a Record 9.6 GW in 2017

Indian Solar Installations Grew by 123% to Reach a Record 9.6 GW in 2017

Indian solar installations in calendar year 2017 grew exponentially with the addition of 9,629 MW in new large-scale and rooftop solar capacity. The installation total was more than double the ...
/ Markets & Policy, Solar
Afghanistan’s Power Utility Enters PPAs for 30 MW Grid-Connected Solar Projects

Afghanistan’s Power Utility Enters PPAs for 30 MW Grid-Connected Solar Projects

The national power utility of Afghanistan, Da Afghanistan Breshna Sherkat (DABS), has entered Power Purchase Agreements (PPAs) for the purchase of power from two grid-connected solar PV projects. The two ...
/ Markets & Policy, Solar
ReNew Power Signs Pact with Maharashtra Government for Investment Worth $2.17 Billion

ReNew Power Signs Pact with Maharashtra Government for Investment Worth $2.17 Billion

Indian renewable energy project developer ReNew Power has announced that it has inked a pact with the Maharashtra government for a proposed investment of ₹140 billion (~$2.17 billion) for the ...
/ Markets & Policy, Solar
AT&C Losses Increased in Many States Under UDAY Program in 2017

AT&C Losses Increased in Many States Under UDAY Program in 2017

The aggregate technical and commercial (AT&C) losses for the states and union territories under the Ujwal DISCOM Assurance Yojana (UDAY) program increased in the past one year, according to government ...
/ Markets & Policy, Other
Maharashtra’s New Textile Policy Promotes Utilization of Renewable Energy Sources

Maharashtra’s New Textile Policy Promotes Utilization of Renewable Energy Sources

The state government of Maharashtra has issued a new textile policy in a bid to make the state’s textile industry more profitable in the coming years. The new textile policy ...
/ Markets & Policy, Solar
KSERC Sets ₹3.90/kWh as Interim Tariff for Power Purchased from IREDA

KSERC Sets ₹3.90/kWh as Interim Tariff for Power Purchased from IREDA

The Kerala State Electricity Regulatory Commission (KSERC) has approved ₹3.90 (~$0.062)/kWh as the interim tariff for the electricity supplied from the 50 MW Kasargod Solar Park set up in Ambalathara ...
/ Markets & Policy, Solar
MNRE Extends Project Commissioning Timeline for NREDCAP’s 30 MW Rooftop Solar Projects

MNRE Extends Project Commissioning Timeline for NREDCAP’s 30 MW Rooftop Solar Projects

The Ministry of New and Renewable Energy (MNRE) has extended the project commissioning timeframe for 30 MW of grid-connected rooftop solar photovoltaic (PV) projects which are under development in the ...
/ Markets & Policy, Solar
Odisha Removes Upper Limit of 1 MW for Net-Metered Rooftop Solar Projects

Odisha Removes Upper Limit of 1 MW for Net-Metered Rooftop Solar Projects

Odisha Electricity Regulatory Commission (OERC) has removed the upper cap of 1 MW for rooftop solar projects in the state. The removal of the upper ceiling was part of the ...
/ Markets & Policy, Solar
Interview: Cancelling Energy Storage Tenders Sends a Wrong Signal to the World

Interview: Cancelling Energy Storage Tenders Sends Wrong Signal to the World

India’s energy storage industry is not yet at the same level as more advanced global players, but the pricing, efficiency, scale, and technology of the country’s domestic manufacturers is undergoing ...
/ Markets & Policy, Solar
China Installs Record 53 GW of Solar PV in 2017

China Installs Record 53 GW of Solar PV in 2017

The year 2017 proved to be an outstanding one for China’s solar industry. The country added an astounding 53.06 GW in solar installations a 54 percent Year over Year (YoY) ...
/ Markets & Policy, Solar
Cleantech Solar to Develop 27 MW Rooftop Solar PV Projects in Asia

Cleantech Solar to Develop 27 MW Rooftop Solar PV Projects in Asia

Cleantech Solar, a Singapore-based solar project developer, has announced that it will develop rooftop solar photovoltaic (PV) projects aggregating 27 MW in three Asian countries. The company recently inked Power ...
/ Markets & Policy, Solar
Ministry of Power Waives ISTS Charges for Wind and Solar Projects Commissioned up to 2022

Ministry of Power Waives ISTS Charges for Wind and Solar Projects Commissioned up to 2022

The Ministry of Power has issued an order stating that no interstate transmission charges and losses will be levied on solar and wind power projects commissioned up to March 31, ...
/ Markets & Policy, Solar
Tata Power’s Renewables Business Profit Jumps to ₹720 million in Q3 FY2018

Tata Power’s Renewables Business Profit Jumps to ₹720 Million in Q3 FY2018

Tata Power reported Q3 consolidated net profit of ₹6.12 billion (~$95.32 million), slightly below compared to the same quarter last year of ₹6.19 billion (~$96.41 million). Underlying earnings before interest, ...
/ Markets & Policy, Solar
KERC Proposes Lower Benchmark Tariff of ₹2.79/kWh for New Solar Projects in Karnataka

KERC Proposes Lower Benchmark Tariff of ₹2.79/kWh for New Solar Projects in Karnataka

The Karnataka Electricity Regulatory Commission (KERC) has proposed a tariff of ₹2.79 (~$0.043)/kWh for new, MW-scale, grid-connected solar photovoltaic (PV) projects developed in Karnataka. The proposed utility-scale solar benchmark tariff ...
/ Markets & Policy, Solar
U.S. Objects to India’s Request for a Compliance Panel to Resolve the Solar DCR Dispute

US Objects to India’s Request for a Compliance Panel to Resolve Solar DCR Dispute

The solar trade dispute between the U.S. and India hit another roadblock recently after the U.S. objected to India’s request to establish a compliance panel to resolve the deadlock.  India ...
/ Markets & Policy, Solar
NTPC May Raise $2.49 Billion to Expand Electricity Generation Capacity

NTPC May Raise $2.49 Billion to Expand Electricity Generation Capacity

The National Thermal Power Corporation (NTPC) may hit the market next year to raise ₹160 billion (~$2.49 billion) for the expansion of its electricity generation capacity. According to a report by ...
/ Markets & Policy, Solar
India’s 100 MW Solar Target is at the Mercy of States and Conflicting Government Policies

India’s 100 GW Solar Target is at the Mercy of States and Conflicting Government Policies

India’s push to promote clean energy development marks an important chapter in its growth story that could create a more sustainable future, but only if its various government agencies can ...
/ Markets & Policy, Solar
Azure Power Reports 83% Increase in Revenues for Q3 of FY 2017-18

Azure Power Reports 83% Increase in Revenues for Q3 of FY 2017-18

Azure Power (NYSE: AZRE), an independent solar power producer, has announced its consolidated financial results for the third quarter of 2017-18, ending December 31, 2017. The company declared a revenue ...
/ Markets & Policy, Solar, Uncategorized
IEEFA Report: Tamil Nadu Should Focus on Lower Cost Wind and Solar Instead of Coal

IEEFA Report: Tamil Nadu Should Focus on Low-Cost Wind and Solar Instead of Coal

The southern state of Tamil Nadu could become a model for low-cost renewable energy generation in India, according to a new report by the Institute for Energy Economics and Financial ...
/ Markets & Policy, Solar
Only $15.82 Million in Funding for India’s Solar Cities Program Approved Since 2014

Only $15.82 Million Funding Approved for India’s Solar Cities Program Since 2014

The government has only approved ₹1,016.4 million (~$15.82 million) for the Solar Cities Program in the past four years. For context, the funding amount would be enough to build a ...
/ Markets & Policy, Solar
India Launches Anti-Dumping Investigation into Solar Glass Imports from Malaysia

India Launches Anti-Dumping Investigation into Solar Glass Imports from Malaysia

Malaysia is now under the scanner of Directorate General of Anti-Dumping and Allied Duties (DGAD) for export of textured tempered glass (solar glass), whether coated or uncoated, from Malaysia to ...
/ Markets & Policy, Solar
Longi Upgrades Indian Solar Manufacturing Plans to Add 1 GW Each of Cell and Module Units

Longi Upgrades Indian Solar Manufacturing Plans to Add 1 GW Each of Cell and Module Units

Longi Solar, a Chinese solar component manufacturer, will invest $309 million to double the capacity of its cell and module factory from 500 MW to 1 GW in the state ...
/ Markets & Policy, Solar
SECI Tenders 70MW of Grid-Connected Solar PV in Assam

SECI Tenders 70 MW of Grid-Connected Solar PV in Assam

The Solar Energy Corporation of India (SECI) has tendered 70 MW of grid-connected solar photovoltaic (PV) projects that are set to be developed in the Amguri Solar Park in Assam’s ...
/ Markets & Policy, Solar