Azure Power Quarterly Report

Azure Power Records Revenues of $20.3 Million for the Quarter Ending March 31, 2017

Azure Power (NYSE: AZRE) announced its consolidated financial results for the fiscal fourth quarter 2017, period ending March 31, 2017. The company declared revenue of $20.3 million for the quarter ending March ...
/ / Other, Press Releases
wind turbines

NTPC Tenders 250 MW of Wind

The National Thermal Power Corporation (NTPC) tendered 250 MW of wind to be developed across the states of Gujarat, Andhra Pradesh, Karnataka, and Madhya Pradesh in India. The bid-submission deadline ...
/ / Other, Wind
Tenders

Strong Solar Tender Activity in India with Over 2 GW in the Month of May

The month of May witnessed the strongest auction and tender activity in India in quite some time with over 2 GW of solar projects tendered and 755 MW auctioned, compared ...
POWER

India Expects Power Surplus of 8.8 Percent and Peak Surplus of 6.8 Percent in FY2017-18

According to the Central Electricity Authority (CEA) 2017 Load Generation Balance Report, a study on the anticipated power supply position for financial year (FY) 2017-18, India is expecting a power ...
/ / Grid, Utilities
Solar Modules

EESL Issues Tender to Procure 300 MW of Solar Modules to Power Pump Sets

The Energy Efficiency Services Limited (EESL), a Joint Venture company of Public Sector Units of Ministry of Power and Government of India, tendered 300 MW of solar. The power generated ...
Solar Tariffs

Southern Power Distribution Company of Andhra Pradesh Tenders 10 MW of Solar Projects

The Southern Power Distribution Company of Andhra Pradesh (APSPDCL), a power distribution company (DISCOM) of Andhra Pradesh, has tendered 10 MW (2x5 MW) of projects in the state. A 5 ...
rooftop

Surana Solar Wins Bid to Develop 5 MW of Rooftop Solar in Andhra Pradesh

Surana Solar, a solar project developer and module manufacturer, has announced that it has won bids to develop 5 MW of grid-connected rooftop solar in Kakinada City, Andhra Pradesh. Bids ...
/ / Rooftop, Solar
Solar Park

Mercom Exclusive: Solar Park Costs on the Rise in India

Solar parks are a vital piece to India’s solar future and were designed to reduce bottlenecks and bring down large-scale project development costs by allocating land and providing transmission infrastructure, ...
solar project

Andhra Pradesh Power Generation Corporation Tenders 100 MW of Solar at Ananthapuramu-II Solar Park

The Andhra Pradesh Power Generation Corporation (APGENCO) tendered a 100 MW solar project at the Ananthapuramu-II solar park in Talaricheruvu, Andhra Pradesh. The bid-submission deadline is May 26, 2017. The estimated project ...
Wind Power Installed in India FY2016-17

India Solar and Renewable Energy Policy Roundup: April 2017

Renewable energy policy roundup from central, state and government agencies in India for the month of April 2017: There are 27 member states and union territories now participating in the ...
Tenders and Auctions

26.7 MW of Solar Tendered and 250 MW Auctioned in India, in April 2017

In the month of April 2017, only 26.72 MW of solar was tendered and 250 MW was auctioned in India compared to March 2017, when 4.5 MW of new solar ...
Solar Installations

A Record Year for India Forecasted with Approximately 10 GW of Solar Installations in 2017

Mercom Communications India, a subsidiary of Mercom Capital Group, today released its quarterly update on the Indian solar market. For the complete report, visit: MercomQ12017IndiaSolarReport The Indian solar sector is ...
/ / Solar, Utility Scale
FRV 29 Million IFC

Fotowatio Renewable Ventures Raises $29 Million from IFC to Fund 100 MW Solar Projects in Andhra Pradesh

Fotowatio Renewable Ventures (FRV), has raised $29 million (~Rs.1.86 billion) in non-convertible debentures (NCDs) from the International Finance Corporation (IFC) to fund 100 MW of solar projects in India. FRV ...
/ / Finance and M&A, Solar
Utility Scale

Mercom Exclusive: Pent Up Demand for Projects Results in Record Low Bid of Rs.3.15/kWh at the Kadapa Solar Auction in India

The solar tariff in India hit a new low with Solairedirect’s winning bid of Rs.3.15 (~$0.0487)/kWh, which was 4.5 percent lower than the Rs.3.30 (~$0.0494)/kWh (levelized over 25 years) quoted ...
Kadapa Solar

Breaking: NTPC’s 250 MW Kadapa Solar Auction in India Sees Record Low Winning Bid of Rs.3.15/kWh

Solar tariff in India touched a new low with Solairedirect’s winning bid of Rs.3.15 (~$0.0486)/kWh, which is 4.5 percent lower than Rs.3.30 (~$0.0494)/kWh (levelized over 25 years) quoted at the Rewa ...
Pavagada Solar Park

Cumulative Solar Installations in India Surpassed 12 GW, 5.5 GW Installed During Financial Year 2016-2017

Solar installations in India reached 12,288.83 MW as of the end of financial year (FY) 2016-2017. The states of Andhra Pradesh, Rajasthan, Tamil Nadu, Telangana, Gujarat, and Karnataka each now ...
Tata Power Renewable Energy Commissions 100 MW Wind Project in Nimbagallu, Andhra Pradesh

Tata Power Renewable Energy Commissions 100 MW Wind Project in Nimbagallu, Andhra Pradesh

Tata Power Renewable Energy (TPREL), a wholly owned subsidiary of Tata Power, commissioned a 100 MW wind project being developed in Nimbagallu, Andhra Pradesh. TPREL commissioned 36 MW capacity in ...
/ / Other, Wind
Andhra Pradesh State Renewable Energy RPO Set at 9 Percent for FY2017-18

Andhra Pradesh State Renewable Energy RPO Set at 9 Percent for FY2017-18

The Andhra Pradesh Electricity Regulatory Commission (APERC) has set the state’s renewable purchase obligation (RPO) for the financial year FY2017-2018 at nine percent, of which the solar RPO is 3 ...
/ / Other, Renewable Energy
Andhra Pradesh Electricity Regulatory Commission Sets Wind Benchmark Tariff at ₹4.35 (_$0.067)_kWh for FY2017-18

Andhra Pradesh Electricity Regulatory Commission Sets Wind Benchmark Tariff at ₹4.35 (~$0.067)/kWh for FY2017-18

The Andhra Pradesh Electricity Regulatory Commission (APERC) has set the benchmark tariff for wind power in Andhra Pradesh at Rs.4.35 (~$0.067)/kWh with accelerated depreciation and ₹4.76 (~$0.073)/kWh without accelerated depreciation ...
/ / Other, Wind
Pavagada Solar Park

New and Renewable Energy Development Corporation of Andhra Pradesh Tenders 2.4 MW of Rooftop Solar

The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has tendered 2.4 MW of grid connected rooftop solar to be developed under RESCO mode. The rooftop solar projects ...
Kurnool

India to Add 1 GW of Solar By the End of April at Kurnool Solar Park in Andhra Pradesh

350 MW is Operational; 650 MW to be Commissioned The entire Kurnool Ultra Mega Solar Park of 1,000 MW capacity is expected to be connected to the grid by the ...
/ / Solar, Utility Scale
Wind Power Installed in India FY2016-17

5,400 MW of Wind Power Installed in India FY2016-17

Installed cumulative wind capacity in India has now crossed 32 GW. In the financial year (FY) 2016-17, wind projects aggregating 5,400 MW were installed across India, well over its target ...
/ / Other, Wind
Solar tender

Mercom Exclusive: Payment Delays are Increasing Risk and Project Costs for Solar and Wind Projects in Many States

Payment delays by distribution companies (DISCOMs) continue to pose a challenge for the growing renewable energy sector in India as it tries to achieve 175 GW of renewable installations by ...
Solar canal bank

24 MW of Solar Installed Under the Canal Bank and Canal Top Program

So far, solar canal bank and canal top projects aggregating 24 MW have been commissioned in India. These projects are part of the Ministry of New and Renewable Energy's (MNRE’s) ...
/ / Solar, Utility Scale
ADB

Mercom Exclusive: One Year After Launch, UDAY Yet to Make a Big Impact

Dismal DISCOM (distribution company) credit profiles due to high debt, heavy losses and poor operational efficiencies affects every aspect of the Indian power sector and is directly responsible for large ...
/ / Mercom Research Focus, Other