Tata Power’s Subsidiary Acquires 10% Stake in Netherland’s Hydro Developer ABV
Tata Power International Pte Ltd (TPIPL), a wholly-owned subsidiary of Tata Power Company Limited, has acquired a 10% equity stake in Adjaristqali Netherlands B.V. (ABV) from International Finance Corporation (IFC), ...
CERC Prepares Blueprint for New Tariff Regulations for Renewable Projects
The Central Electricity Regulatory Commission (CERC) has come out with the draft tariff regulations 2020, which will come in force from July 01, 2020, and will remain in force until ...
Electricity Act Amendment Draft Addresses Strict Enforcement of Contracts, RPO
The Ministry of Power (MoP) has issued a draft proposal for the amendment of the Electricity Act 2003 to address contract enforcement, among other vital issues. The Ministry has invited ...
India Likely to Have 300 GW of Solar and 140 GW of Wind Capacity by 2030: CEA
With its focus on India’s aim to achieve 40% non-fossil fuel generation capacity in the country’s power generation mix by 2030, the Central Electricity Authority (CEA) has released a draft report on ...
Spot Power Price Dips Slightly in June 2019 at 3.32/kWh as Solar Generation Rises
In June 2019, the spot power price was recorded at ₹3.32 (~$0.0483)/kWh. After soaring high for four consecutive months in 2019, the spot power price has now declined slightly by ...
Himachal Pradesh Sets Tariff for Kinnaur’s 300 MW Hydro Project
The Himachal Pradesh Electricity Regulatory Commission (HPERC) has set the tariff for sale of power from BASPA II, which is a 300 MW hydropower project located on river Baspa (a tributary ...
Spot Power Price Continues to Soar Four Months in a Row, Hovers at ₹3.34/kWh in May 2019
In May 2019, the spot power price rose to ₹3.34 (~$0.048)/kWh, making it the fourth consecutive month in 2019 in which spot power price has continued its rise. In April ...
HERC Rejects Petition to Retain Exit Clause of a 36 MW Hydro Project
In a review petition, the Haryana Power Purchase Center (HPPC), had asked the Haryana Electricity Regulatory Commission (HERC) to review its order passed on March 8, 2019, in which it ...
India’s Solar Capacity Reaches 30 GW Milestone
Solar installations in India have reached 30 GW according to preliminary figures from Mercom’s India Solar Project Tracker. The share of solar capacity grew from 6.6% as of March 2018 ...
News Highlights from India’s Renewable Industry in March 2019
The month of March witnessed some important announcements from the Indian government in the renewable energy and e-mobility sectors. For instance, March witnessed the important announcement that the Union Cabinet ...
Share of Solar Rises to 7.46% of India’s Total Installed Power Capacity
Renewable energy capacity additions continue to increase in India, accounting for approximately 21.41 percent of India’s capacity mix at the end of September 2018. This is an 0.48 percent increase ...
Spot Power Price Rose 41% Due to Shortage of Coal, Reduced Generation from Hydro and Wind
Spot power price witnessed an unprecedented spike in September 2018, reversing the trend from the previous months. In September 2018, the recorded spot power price was ₹4.69 (~$0.063)/kWh. This is ...
Ministry of Power Issues Revised Proposal for Amendments to the Electricity Act
The Ministry of Power has issued a revised proposal for amendments to the Electricity Act 2003. The revised proposal is open for comments up to October 22, 2018. In the ...
Share of Solar Rises to 7 percent of India’s Total Installed Power Capacity
Renewable energy capacity additions continue to increase in India, and accounted for 20.93 percent of India’s capacity mix at the end of June 2018. This marks a 0.61 percent increase ...
Solar Was the Top Source of New Power Capacity Addition in 2017 For the First Time in India
Solar was the leading source of new power capacity additions in the calendar year 2017 with installed capacity of approximately 9.5 GW accounting for 45 percent of total power capacity ...
African Development Bank Approves $324 Million Loan for Renewable Energy Projects
The African Development Bank (AfDB) approved $324 million (~₹20.84 billion) in loan support for two renewable energy projects. The projects are being developed in Morocco and Côte d’Ivoire. The loan ...
Solar and Wind Account for Over 60% of New Power Capacity Additions in India as of 9M 2017
Solar and Wind accounted for majority of new power capacity additions with renewable energy installations accounting for almost 19 percent of the country’s total installed power as of September 30, ...
Power Ministry to Amend Laws Making PPAs & RPOs Mandatory
The Indian government is expected to soon amend laws making obligations under power purchase agreements (PPA) statutory binding, to ensure that all power distribution companies (DISCOMs) have PPAs to cover ...
India’s Renewable Energy Installed Capacity Doubles with the Inclusion of Hydro
At the recently conducted Power Ministers’ conference in Goa, Hydro power has been granted renewable energy status. It was also decided that a separate renewable energy purchase obligation (RPO) should ...
