India Likely to Have 300 GW of Solar and 140 GW of Wind Capacity by 2030: CEA

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 ...
/ / Demand Response, Grid
Spot Power Price Continues to Soar Four Months in a Row, Hovers at ₹3.34/kWh in May 2019

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 ...
/ / Grid, Market & Policy
Himachal Pradesh Sets Tariff for Kinnaur’s 300 MW Hydro Project

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 ...
/ / Other, Water
Spot Power Price Continues to Soar Four Months in a Row, Hovers at ₹3.34/kWh in May 2019

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 ...
/ / Demand Response, Grid
Uttar Pradesh DISCOM Gets Approval to Call for Bids to Procure 400 MW of Hydropower

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 ...
/ / Other, Water
India’s Solar Capacity Reaches 30 GW Milestone

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 ...
Green Climate Fund Approves $299 Million for Expansion of Renewable Projects in Africa

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 ...
/ / Markets & Policy, Solar
Share of Solar Rises to 7.46% of India’s Total Installed Power Capacity

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 ...
/ / Markets & Policy, Solar
Tamil Nadu Sets ₹3.97/kWh as Pooled Cost of Power for Renewables

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 ...
/ / Grid, Market & Policy
Ministry of Power Issues Revised Proposal for Amendments to the Electricity Act

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 ...
/ / Grid, Market & Policy
KREDL Tenders 200 MW of Solar PV Across 10 Talukas

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

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 ...
/ / Markets & Policy, Solar
African Development Bank Approves Loan for Renewable Energy Projects

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 ...
/ / Finance and M&A, Solar
india new power generation capacity

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, ...
/ / Uncategorized
Power Ministry to Amend Laws Making PPAs & RPOs Mandatory

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 ...
/ / Markets & Policy, Solar
India's Renewable Energy Installed Capacity Doubles with the Inclusion of Hydro

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 ...
/ / Other, Other Energy