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 ...
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 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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 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 ...
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
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 ...
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 ...
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 ...
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 ...
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
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 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 ...
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 ...
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: 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
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 ...
