Top Headlines from India’s Renewable Sector in April

Top Headlines from India’s Renewable Sector in April

The month of April witnessed several important events that might have a significant impact on the renewable energy sector going forward. Here are some of the important developments in April ...
Tata Power Distribution to Procure 150 MW of Solar Power at a Tariff of ₹2.83_kWh

Tata Power Distribution to Procure 150 MW of Solar Power at a Tariff of ₹2.83/kWh

The Maharashtra Electricity Regulatory Commission (MERC) has given its approval to Tata Power Company Limited-Distribution (TPC-D) to procure 150 MW of power on a long-term basis from solar projects at ...
/ / Markets & Policy, Solar
France’s PROPARCO Makes $15 Million Equity Investment in Solar Developer Avaada Energy

France’s PROPARCO Makes $15 Million Equity Investment in Solar Developer Avaada Energy

PROPARCO, a French development financial institution, has announced that it has made a $15 million (~₹1.07 billion) equity investment in independent power producer Avaada Energy Private Limited. According to Mercom’s ...
Bihar Asks Developers to Reduce Tariff for 250 MW of Solar Projects

Bihar Asks Developers to Reduce Tariff for 250 MW of Solar Projects

The Bihar Electricity Regulatory Commission (BERC) has rejected a petition filed by Bihar State Power Holding Company (BSPHCL) on behalf of North Bihar Power Distribution Company (NBPDCL), and South Bihar ...
/ / Markets & Policy, Solar
Kolkata-Based Srei Equipment to Get $30 Million from FMO to Refinance its Renewable Business

Kolkata-Based Srei Equipment to Get $30 Million from FMO to Refinance its Renewable Business

Kolkata-based Srei Equipment Finance has announced that it has received a credit approval of $30 million from FMO, the Netherlands’ development finance company. According to Srei Equipment Finance Limited, the ...
/ / Finance and M&A, Solar
Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO

Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO

Independent power producer (IPP), Avaada Energy, has announced that it has secured financing of around  ₹10 billion ($143.8 million) in the form of equity infusion from the Asian Development Bank ...
/ / Finance and M&A, Solar
IFC To Continue Supporting Private Sector Investments in Europe and Central Asia

ADB to Invest $50 Million in Avaada Energy for Expansion of Solar Projects in India

The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital ...
/ / Finance and M&A, Solar
Tirupati Smart City Invites Tender for 6 MW of Solar Projects

Maharashtra Auctions 1 GW of Solar Projects at Lowest Tariff of ₹2.74/kWh

Shiv Solar and ACME Solar have quoted the lowest tariff of ₹2.74 (~$0.038)/kWh in the recent auction conducted by the  Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the purchase of ...
/ / Solar, Tenders & Auctions
Hero Future, Vikram Solar and ACME go to Court Opposing Safeguard Duty Imposed by DGTR

Karnataka High Court Stays KERC Order to Increase Wheeling Charges for Open Access

A vacation bench of the Karnataka High Court has imposed an indefinite stay on the Karnataka Electricity Regulatory Commission’s (KERC) recent order that levied 25 percent of the normal transmission ...