Important Headlines and Data Points from the Indian Renewable Sector in February 2017

The 2017-18 budget proved to be a dampener for the Indian renewable energy sector. Manufacturing sector did not get the required boost. Accelerated depreciation was reduced from 80 percent to 40 percent and 10-year income tax holiday under section 80-IA was not reinstated. (read more)

New Record Low Solar Tariff of Rs.3.30 (~$0.049)/kWh was logged at REWA Solar Park Auction in Madhya Pradesh, India. (read more)

It has been challenging for Rooftop solar with the elimination of key subsidies. Installation numbers are way behind the targets set by Ministry of New and Renewable Energy. (read more)

Cumulative renewable energy installed capacity in India crossed 50 GW. (read more)

Japanese company, JERA, invested $200 million (~Rs.13.36 billion) for a 10 percent stake in India’s ReNew Power. (read more)

Can Domestic manufacturers capture a piece of the growing piece of the India solar market amid record low Chinese module prices? (read more)

Another TANGEDCO tender fizzles. In its most recent tender, the TANGEDCO received bids aggregating 300 MW against the tendered capacity of 500 MW. (read more)

Rural Electrification Corporation signs MoU worth Rs.151.5 billion (~$2.25 billion) with the state government of Jharkhand to develop transmission lines across the state and connect the entire state to the grid. (read more)

The SECI successfully auctioned 1,000 MW of wind at record low tariff of Rs.3.46 (~$0.051)/kWh in the first reverse auction for wind in India. (read more)

To utilize acquired land in Karnataka, ArcelorMittal is planning to construct a 600 MW solar farm. (read more)

It has been a year since the UDAY Program was launched. To date, 22 states and union territories have joined the program but the power industry is still waiting for positive results. (read more)

The PGCIL has secured a $500 million (~Rs.33.41 billion) loan from Asian Development Bank for the construction of green energy transmission corridor. (read more)