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 ...
/ / Solar, Tenders & Auctions
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 ...
/ / Grid, Utilities
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 ...
/ / Grid, Utilities
Solar Project

Indian Oil Corporation Tenders 3 MW of Solar in Kadapa, Andhra Pradesh

The Indian Oil Corporation Limited (IOCL) tendered a 3 MW ground mounted solar PV project to be constructed at Indian Oil Kadapa Bottling Plant premises located in Kadapa, Andhra Pradesh. The project ...
Finance

ADB Approves $390 Million Financing Package for ReNew Power to Develop 709 MW of Solar and Wind in India

The Asian Development Bank (ADB) has approved a $390 million (~Rs.26.54 billion) financing package for ReNew Power, an Indian renewable energy project developer. The funds will be utilized to develop ...
/ / Finance and M&A, Other
25 Indian States Fall Behind Solar RPO Targets

25 Indian States Fall Behind Solar RPO Targets

Twenty-five states in India have fallen behind their renewable purchase obligation (RPO) targets. The state-wise installation targets set by the Ministry of New and Renewable Energy (MNRE) have not been ...
/ / Markets & Policy, Solar
Can Green Energy Transmission Corridor Development Keep Up with Rapid Renewable Energy Growth in India

Can Green Energy Transmission Corridor Development Keep Up with Rapid Renewable Energy Growth in India?

Recognizing the need for transmission infrastructure to cope with increasing renewable energy capacity, India is developing the Green Energy Corridor (GEC), a transmission network to connect renewable energy rich states ...
/ / Grid, T&D
NREDCAP Tenders 4 MW of Wind in AP

NREDCAP Tenders 4 MW of Wind in Andhra Pradesh

The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has tendered a 4 MW wind project in Andhra Pradesh. The bid-submission deadline is January 18, 2017. The estimated ...
/ / Other, Wind
Mercom Forecasts Over 9 GW of Solar Installations in India for 2017

Mercom Forecasts Over 9 GW of Solar Installations in India for 2017

2016 Solar Installations to Come in at Approximately 4 GW Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar ...
/ / Solar, Utility Scale
Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in December 2016

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in December 2016

Under Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY), the Solar Energy Corporation of India (SECI) issued tenders for electrification of 1,058 villages in Arunachal Pradesh. (read more) The Central Electricity Authority stated ...
/ / Markets & Policy, Solar
Top Solar States

Top 10 Indian States Account for 90 Percent of Large-Scale Solar Installations and Pipeline

India has a total installed large-scale solar capacity of 9,018 MW and a solar pipeline of 14,030 MW as of December 2016, with the top 10 states accounting for approximately ...
/ / Solar, Utility Scale
Indian State Transmission Utilities and Power Grid Corporation of India to Receive €1 Billion Soft Loan from Germany

Indian State Transmission Utilities and Power Grid Corporation of India to Receive €1 Billion Soft Loan from Germany

The German government-owned development bank, KfW, is providing €1 billion (~$1.05 billion) soft loan to India to develop inter and intra-state transmission infrastructure under the green energy corridor program. The ...
/ / Grid, T&D
Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in October 2016

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in October 2016

National Thermal Power Corporation (NTPC) invited bids to Develop 8 MW Solar Project in Andaman and Nicobar Islands, under its self-owned and developed projects program. (read more) India solar PV ...
/ / Markets & Policy, Solar
APERC Proposes New RPO Targets

APERC Proposes New RPO Targets

The Andhra Pradesh Electricity Regulatory Commission (APERC) has proposed a new renewable purchase obligation (RPO) target for the next five years. The commission has proposed an extremely aggressive RPO target ...
/ / Markets & Policy, Solar
Solar Installations in India for 2016

Mercom Capital Group Forecasts 3.6 GW of Solar Installations in India for 2016

Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar market. Mercom forecasts about 2,150 MW in solar installations for ...
/ / Solar, Utility Scale