CERC Denies Start Date Extension of Medium-Term Open Access for a Solar Project

CERC Denies Start Date Extension of Medium-Term Open Access for a Solar Project

The Central Electricity Regulatory Commission (CERC) recently rejected a solar generator's plea seeking an extension of the start date of medium-term open access (MTOA). It said that the transmission charges ...
/ / Markets & Policy, Solar
NTPC and Avaada Energy Declared Winners in MSEDCL’s 500 MW Solar Auction

NTPC and Avaada Energy Declared Winners in MSEDCL’s 500 MW Solar Auction

NTPC Renewable Energy and Avaada Energy were declared winners in Maharashtra State Electricity Distribution Company’s (MSEDCL) auction to procure power from 500 MW of grid-connected inter or intrastate solar projects ...
/ / Solar, Tenders & Auctions
SJVN, Juniper Green, Tata Power, SAEL, Avaada Win MSEDCL’s 500 MW Solar Auction

SJVN, Juniper Green, Tata Power, SAEL, Avaada Win MSEDCL’s 500 MW Solar Auction

SJVN Green Energy, Juniper Green Energy, Tata Power Renewable Energy, SAEL, and Avaada Energy were declared winners in Maharashtra State Electricity Distribution Company’s (MSEDCL) auction to procure power from 500 ...
/ / Solar, Tenders & Auctions
Bharat Forge, Linde, STT Data Centres Buy Power From Avaada's Open Access Solar Projects

Bharat Forge, Linde, STT Data Centres Buy Power From Avaada’s Open Access Solar Projects

Renewable energy projects developer Avaada Energy has entered into power offtake arrangement with multiple entities for its 75 MW open access solar projects. The 75 MW projects are developed under ...
/ / Markets & Policy, Solar
Avaada Energy to Raise ₹14.4 Billion Through AAA-Rated Green Bonds

Avaada Energy to Raise ₹14.4 Billion Through AAA-Rated Green Bonds

Renewable energy project developer Avaada Energy has announced that it will raise green bonds worth ₹14.4 billion (~$192 million) at 6.75% in the Indian capital market. According to the company, ...
/ / Finance and M&A, Solar
Avaada, Ayana to Build Transmission Lines for 650 MW of Solar Projects

Avaada, Ayana to Build Transmission Lines for 650 MW of Solar Projects

The Central Electricity Authority (CEA) has provided approval to Avaada Energy and Ayana Renewable Power to construct transmission lines for 350 MW and 300 MW of solar projects, respectively, in ...
/ / Grid, T&D
Electricity Tribunal Grants Grid Connectivity to Avaada's 100 MW Solar Project

Electricity Tribunal Grants Grid Connectivity to Avaada’s 100 MW Solar Project

The Appellate Tribunal for Electricity (APTEL), in reply to Avaada Energy's petition, has approved grid-connectivity for a 100 MW solar project in Maharashtra. The project was earlier caught in disputes ...
/ / Markets & Policy, Solar
Avaada to Receive $15 Million from Asian Development Bank to Expand its Solar Portfolio

Avaada to Receive $15 Million from Asian Development Bank to Expand its Solar Portfolio

The Asian Development Bank (ADB) announced that it has signed an agreement to invest $15 million in Avaada Energy Private Limited (AEPL) to help expand the company’s solar generation capacity ...
/ / Finance and M&A, Solar
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 ...