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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
