SECI Auctions 200 MW of Solar Projects to be Developed in Karnataka’s Pavagada

Lowest Quoted Tariff Dips to ₹2.48/kWh in SECI’s 750 MW Solar Auction for Rajasthan

Four solar project developers - Fortum Solar (250 MW), ACME Solar (250 MW), Sitara Solar (100 MW), and Palimarwar Solar (40 MW), have quoted the lowest tariff of ₹2.48 (~$0.0349)/kWh ...
Maharashtra’s Saibaba Trust Issues Tender for 10 MW of Solar Project

SECI’s 750 MW Solar Tender for Rajasthan Oversubscribed by 1,620 MW

The Solar Energy Corporation of India (SECI)’s 750 MW tender for solar PV projects to be developed on a standalone basis across the state of Rajasthan has been oversubscribed by 1,620 ...
/ / Solar, Tenders & Auctions
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
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
CERC Gives Relief to Solar Project Developers by Accepting GST as ‘Change in Law’

CERC Gives Relief to Solar Project Developers by Accepting GST as ‘Change in Law’

The Central Electricity Regulatory Commission (CERC) has issued an order to compensate solar power developers (SPD) by giving them an upfront lumpsum payment, which they would have incurred as an ...
/ / Markets & Policy, Solar
ACME Commissions a 200 MW Solar Project in Rajasthan’s Bhadla Solar Park

ACME Commissions a 200 MW Solar Project in Rajasthan’s Bhadla Solar Park

ACME Solar Holdings, an Indian renewable energy developer, has commissioned a 200 MW solar power project at Bhadla Solar Park, located in Rajasthan. The project is designed using the latest 1,500 ...
/ / Markets & Policy, Solar
Lowest Tariff of ₹2.59/kWh Wins NTPC's 2 GW Solar Auction

Lowest Tariff of ₹2.59/kWh Wins NTPC’s 2 GW Solar Auction

Lowest (L1) tariff of ₹2.59 (~$0.0372)/kWh was quoted in the auction held by the National Thermal Power Corporation (NTPC) to develop 2 GW of interstate transmission system (ISTS)-connected solar photovoltaic ...
/ / Solar, Tenders & Auctions
Orissa High Court Asks Ministry of Finance to Withdraw Safeguard Duty Notification

Orissa High Court Asks Ministry of Finance to Withdraw its Solar Safeguard Duty Notification

Weeks after the announcement of safeguard duty imposition on solar imports from China and Malaysia, the Orissa High Court today heard the petition filed by Hero Future Energies, ACME, and ...
/ / Markets & Policy, Solar
Land and Transmission Availability May Make or Break India’s Mega Solar Tenders

Land and Transmission Availability May Make or Break India’s Mega Solar Tenders

A plethora of mega tenders have been announced in the domestic solar sector lately. While these huge tender announcements sound exciting and bode well for the country’s ambitious solar target, ...
/ / Markets & Policy, Solar
Orissa High Court Issues Temporary Stay on Levy of Safeguard Duty on Solar Imports

Orissa High Court Issues Temporary Stay on Levy of Safeguard Duty on Solar Imports

The recommendation made by the Directorate General of Trade Remedies (DGTR)  to impose a 25 percent safeguard duty on solar imports has displeased both developers and manufacturers for different reasons ...
/ / Markets & Policy, Solar
Uttar Pradesh’s 1,000 MW Solar Auction Takes L1 Tariff Up to ₹3.48/kWh

Uttar Pradesh’s 1,000 MW Solar Auction Takes L1 Tariff Up to ₹3.48/kWh

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) auctioned 1,000 MW of solar photovoltaic (PV) projects in which ₹3.48 (~$0.050)/kWh emerged as the lowest (L1) tariff quoted by ...
BlackRock Real Assets Acquires 59 MW of Solar Assets from J&V Energy

ACME, Shapoorji, Hero, Mahindra, Azure & Adani Win SECI’s 2 GW Solar Auction

ACME Solar, Shapoorji Pallonji, Hero Solar, Mahindra Susten, Mahoba Solar (Adani), and Azure Power have emerged as the winners in the recently conducted auction by the Solar Energy Corporation of ...
ACME to Reduce its IPO Size from ₹22 billion to ₹10-15 billion

ACME to Reduce its IPO Size from ₹22 Billion to ₹10-15 Billion

ACME Solar Holdings, an Indian renewable energy developer, has decided to re-evaluate its proposed Initial Public Offering (IPO). The company is going to downsize the IPO from ₹22 billion ($0.32 ...
/ / Markets & Policy, Solar
ACME Wins SECI’s 75 MW Solar Auction Quoting a Tariff of ₹ 3.32/kWh

ACME is the Winner in SECI’s 75 MW Solar Auction Quoting a Tariff of ₹3.32/kWh

ACME Solar Holdings, an independent power producer (IPP) has won a SECI auction to develop 75 MW of solar projects in Parasan Solar Park, located in the state of Uttar ...
Indian Solar Sector Received Over $10 Billion in Financing During 2017

Indian Solar Sector Received Over $10 Billion in Financing During 2017

In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update ...
/ / Finance and M&A, Solar
600 MW of Solar Projects Synchronized to the Grid at Karnataka’s Pavagada Park

600 MW of Solar Projects Synchronized to the Grid at Karnataka’s Pavagada Park

Solar projects aggregating 600 MW have been grid-synchronized at the Pavagada Solar Park in Karnataka’s Tumkur district so far, bringing the park one step closer to reaching its full planned ...
/ / Solar, Utility Scale
IREDA Files IPO papers with SEBI

IREDA Files IPO Papers with SEBI

Proceeding with its plan of launching an Initial Public Offering (IPO), the Indian Renewable Energy Development Agency (IREDA) has filed a draft red herring prospectus with the Securities and Exchange ...
/ / Finance and M&A, Solar
Development Status of Pavagada Solar Park and Projects

In-Depth Report: Development Status of 2 GW Pavagada Solar Park and Projects

Mercom recently visited the Pavagada Solar Park, and gained valuable insight into the nuances and challenges of park development. When complete, Pavagada will be the largest solar park in the ...
/ / Markets & Policy, Solar
Top Solar and Other Renewable Energy News Headlines from India in November 2017

Month in a Minute: Top Headlines From the Indian Renewable Energy Sector in October 2017

Here is a list of important headlines, developments and data points from India’s renewable energy sector during October 2017. ACME Solar Holdings announced that it is looking to raise $337 ...
Electric Vehicles – The Next Big Cleantech Opportunity in India

Electric Vehicles – The Next Big Cleantech Opportunity in India

The electric vehicle (EV) market in India is slowly beginning to gain momentum after three years of relative inaction. However, India still lags far behind other nations when it comes ...
ACME commissions 100 MW in Telangana

ACME Commissions Two Solar Projects Totaling 100 MW in Telangana

ACME Cleantech Solutions commissioned two solar projects totaling 100 MW in Telangana. The solar project developer commissioned a 50 MW project at Nirmal substation in the Adilabad district and another ...
/ / Solar, Utility Scale
Solar Power Plant

Tata Power and Adani Top the List of India Solar Project Developers

As utility-scale solar in India takes off, two large power conglomerates – Tata Power and Adani – are leading project development activity. Cumulative large-scale solar installations reached ~13.6 GW in ...
/ / Markets & Policy, Solar
SECI

SECI Looks to Repeat Its Success With Another 750 MW Solar Tender at Bhadla Solar Park

The Solar Energy Corporation of India (SECI) has tendered another 750 MW of solar at Bhadla. The capacity tendered includes, 500 MW of solar at Bhadla Phase-III solar park and ...
Month in a Minute

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in May 2017

The Asian Development Bank (ADB) approved a $100 million (~Rs.6.46 billion) loan to the Punjab National Bank (PNB) to finance large solar rooftop systems on industrial and commercial buildings across ...
Breaking: New Record Low Solar Tariff of Rs.2.44 (~$0.037)/kWh Set at the 500 MW Bhadla Phase-III Solar Park Auction in India

Breaking: New Record Low Solar Tariff of Rs.2.44 (~$0.037)/kWh Set at the 500 MW Bhadla Phase-III Solar Park Auction in India

Solar tariff in India has now breached Rs.2.50 (~$0.038)/kWh mark. Within a week solar tariff declined from Rs.2.62 (~$0.0405)/kWh to Rs.2.44 (~$0.037)/kWh. In the 500 MW Bhadla Phase-III Solar Park ...
/ / Commercial, Solar