Torrent Power Acquires 156 MW Wind Projects from CESC for ₹7.9 Billion

Torrent Power Acquires 156 MW Wind Projects from CESC for ₹7.9 Billion

Torrent Power Limited has entered into a share purchase agreement with CESC Limited, Haldia Energy Limited, and other nominal shareholders to acquire 100% of the share capital of Surya Vidyut ...
/ / Finance and M&A, Wind
Hindustan Petroleum Issues Consultancy Tender for Solar Projects in Gujarat

Hindustan Petroleum Issues Consultancy Tender for Solar Projects in Gujarat

The Hindustan Petroleum Corporation Limited (HPCL), a state-owned oil and natural gas company, has invited proposals from consultants for a detailed feasibility study to develop a solar project on vacant ...
/ / Solar, Tenders & Auctions
Himachal Pradesh DISCOM Directed to Offset Solar RPO Deficit

Himachal Pradesh DISCOM Directed to Offset Solar RPO Deficit

Himachal Pradesh Electricity Regulatory Commission (HPERC) has directed the Himachal Pradesh State Electricity Board Limited (HPSEBL) to offset the net deficit of 103.97 MUs as per its solar renewable purchase ...
/ / Markets & Policy, Solar
Chhattisgarh Proposes Generic Levelized Tariff for RE Projects in FY 2021-22

Chhattisgarh Proposes Generic Levelized Tariff for RE Projects in FY 2021-22

The Chhattisgarh Electricity Regulatory Commission (CSERC) has issued guidelines to determine the generic levelized tariffs for small hydro projects and non‐fossil fuel‐based co-generation plants. The tariff is for projects that achieve ...
/ / Markets & Policy, Solar
Deadline to Complete Solar Projects Under Component-A of KUSUM Program Extended (1)

State Transmission Utility to Compensate Solar Project Developer for Generation Losses

The Karnataka Electricity Regulatory Commission (KERC) has directed Karnataka Power Transmission Corporation (KPTCL) to compensate a solar project developer for generation losses. KPTCL is directed to pay compensation at ₹4.43 ...
/ / Grid, Grid Optimization
India to Contribute 20% of the Global Renewables Deployment Target for 2030: BRICS Report

India to Contribute 20% of the Global Renewables Deployment Target for 2030: BRICS Report

The latest BRICS Energy Technology Report 2021 states that India will account for one-fifth (20%) of the global renewable energy deployment target for 2030. Solar and wind power generation has been ...
/ / Other, Renewable Energy
Global Offshore Wind Installation Totaled 6.1 GW in 2020

Global Offshore Wind Installation Totaled 6.1 GW in 2020

In its recent report, the Global Wind Energy Council (GWEC) said that the global offshore wind installation stood at 6.1 GW in 2020, a slight decline compared to 6.24 GW ...
/ / Wind
Rajasthan Approves Net Metering for Rooftop Solar Capacity up to 500 kW

Rajasthan Approves Net Metering for Rooftop Solar Capacity up to 500 kW

The Rajasthan Electricity Regulatory Commission (RERC) has issued new guidelines on 'Grid Interactive Distributed Renewable Energy Generating Systems.' RERC has allowed a net metering facility for rooftop solar systems up ...
/ / Markets & Policy, Solar
Anti-Dumping Duty Likely on Aluminum Imports Used in Solar Mounting Structures

Anti-Dumping Duty Likely on Aluminum Imports Used in Solar Mounting Structures

The Directorate General of Trade Remedies (DGTR) has recommended anti-dumping duty on certain flat-rolled aluminum products imported from China to offset the injury caused due to dumping in the Indian ...
/ / Markets & Policy, Solar
New Coal Plants to Exhaust ₹2.47 Trillion, Investing in Renewables Can Save ₹432 Billion

New Coal Plants to Exhaust ₹2.47 Trillion, Investing in Renewables Can Save ₹432 Billion

According to the latest report published by the energy think tank Ember and Climate Risk Horizons, 27 GW of proposed new coal power plants in India could deplete scarce public ...
/ / Other, Renewable Energy
NTPC Floats Tender for 300 MW of ISTS-Connected Wind Projects

NTPC Floats Tender for 300 MW of ISTS-Connected Wind Projects

NTPC Limited has invited bids to develop 300 MW of interstate transmission system (ISTS)-connected wind energy projects anywhere in India. The scope of work includes detailed design, engineering, micro-siting, manufacture, ...
/ / Other, Wind
Solar Projects With ₹7.01/kWh Tariff Face Higher Curtailment in Tamil Nadu: POSOCO

Solar Projects With ₹7.01/kWh Tariff Face Higher Curtailment in Tamil Nadu: POSOCO

Power System Operation Corporation Limited (POSOCO) has submitted a report on renewable energy curtailment in Tamil Nadu following the Appellate Tribunal For Electricity's (APTEL) orders. The tribunal had ordered POSOCO ...
/ / Markets & Policy, Solar
Hydropower Purchase Obligation to be Added to Rajasthan’s RPO Targets

Hydropower Purchase Obligation to be Added to Rajasthan’s RPO Targets

The Rajasthan Electricity Regulatory Commission (RERC) has issued a draft paper to amend the RERC (Renewable Energy Obligation) Regulations, 2007, to include the hydropower purchase obligation (HPO) until the financial ...
/ / Other, Renewable Energy
United Kingdom to Invest $1.2 Billion in India’s Renewable Energy Projects

United Kingdom to Invest $1.2 Billion in India’s Renewable Energy Projects

The Government of the United Kingdom will invest $1.2 billion through public and private investments in green projects and renewable energy in India to support the latter’s target of 450 GW ...
/ / Other, Renewable Energy
Electric Mobility Platform REVOS Raises $4 Million in Series A Funding

Electric Mobility Platform REVOS Raises $4 Million in Series A Funding

Bangalore-based electric vehicle (EV) infrastructure startup REVOS has received $4 million in Series A funding. With this, the company has raised $4.5 million in funding to date. Union Square Ventures and Prime ...
/ / Electric Vehicles, Grid
Global Power Sector Emissions Rise 5% Above Pre-Covid Levels: Report

Global Power Sector Emissions Rise 5% Above Pre-Covid Levels: Report

A new report published by energy think tank Ember has revealed that global power sector emissions have increased above pre-pandemic levels. Global power sector emissions rebounded in the first half (1H) ...
/ / Other, Renewable Energy
Maharashtra DISCOM Directed to Clear Dues of Four Wind Energy Generators

Maharashtra DISCOM Directed to Clear Dues of Four Wind Energy Generators

The Maharashtra Electricity Regulatory Commission (MERC) has ordered the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to fulfill its payment obligations for energy injected into the grid from four wind ...
/ / Wind
POSOCO to Probe Wind Power Curtailment Allegation in Andhra Pradesh

POSOCO to Probe Wind Power Curtailment Allegation in Andhra Pradesh

The Appellate Tribunal for Electricity (APTEL) has directed the Power System Operation Corporation (POSOCO) to submit a report within four weeks and indicate whether there was an intentional curtailment of ...
/ / Wind
Tamil Nadu Proposes Generic Tariff of ₹3.99kWh for Rooftop Solar Systems Up to 10 kW

Tamil Nadu Proposes Generic Tariff of ₹3.99/kWh for Rooftop Solar Systems Up to 10 kW

The Tamil Nadu Electricity Regulatory Commission (TNERC) has issued new guidelines and a consultative paper on ‘Generic Tariff order for Grid Interactive Solar Photovoltaic (PV) Energy Generating Systems.’ TNERC has ...
/ / Markets & Policy, Solar
Can Solar Developers Rely on Local Manufacturers for Module Supply Without Disruptions

Can Solar Developers Rely on Local Manufacturers for Module Supply Without Disruptions?

The government's focus lately has shifted strongly towards establishing a domestic solar manufacturing base. The government has levied safeguard duty, Basic Customs Duty (BCD), introduced the approved list of module ...
/ / Mercom Research Focus, Other
String Inverter Supplier Ginlong Solis’ Revenue Doubles YoY to $224 Million in 1H 2021

String Inverter Supplier Ginlong Solis’ Revenue Doubles YoY to $224 Million in 1H 2021

Photovoltaic inverter manufacturer Ginlong Technologies (Solis) has recorded a 99.8% year-over-year (YoY) growth to RMB 1.45 billion (~$223.8 million) in the first half (1H) of 2021 from RMB 727 million (~$112.20 ...
/ / Finance and M&A, Solar
Wind Installations Up 76% Year-over-Year With 239 MW of New Capacity Added

Wind Installations Up 76% Year-over-Year With 239 MW of New Capacity Added

Wind installations in India in the second quarter (Q2) of 2021 were down by 62% quarter-over-quarter (QoQ), with 239 MW added in Q2 2021, compared to 623 MW added in ...
/ / Wind
Renewable Energy Installations Reach 100 GW Milestone in India

Renewable Energy Installations Reach 100 GW Milestone in India

The Ministry of New and Renewable Energy has announced that the country’s installed renewable energy capacity has crossed the 100 GW milestone. This excludes large hydropower projects. The installed renewable ...
/ / Other, Renewable Energy
Reforms Imperative to Address DISCOM Woes NITI Aayog, RMI Report

Reforms Imperative to Address DISCOM Woes: NITI Aayog, RMI Report

DISCOM privatization is seen as a crucial way out of their financial mess. NITI Aayog, in collaboration with Rocky Mountain Institute (RMI), has released a report reviewing the reform efforts ...
/ / Grid, Market & Policy
Supreme Court Dismisses Special Leave Petitions Filed for Solar Anti-Dumping Probe

Supreme Court Dismisses Special Leave Petitions Filed for Solar Anti-Dumping Probe

The Supreme Court heard two special leave petitions filed by the government of India and Solar Power Developers Association (SPDA) regarding a pending anti-dumping investigation. A special leave petition is ...
/ / Markets & Policy, Solar