Over 285,000 Electric Vehicle Buyers Have Received Subsidies Under FAME Program

Over 285,000 Electric Vehicle Buyers Have Received Subsidies Under FAME Program

The Ministry of Heavy Industries and Public Enterprises (MHIPE) has announced that about 285,000 buyers of electric and hybrid vehicles have benefitted from the subsidies provided under the Faster Adoption ...
Indian Railways has Installed 95.67 MW of Rooftop Solar Capacity_ Piyush Goyal

Indian Railways has Installed 95.67 MW of Rooftop Solar Capacity: Piyush Goyal

The Minister of Railways, Piyush Goyal, has announced that the ministry has installed 95.67 MW of rooftop solar systems to date. In response to an inquiry in the Lok Sabha, Goyal replied that the ministry had awarded nearly 248.46 MW of solar capacity ...
/ / Rooftop, Solar
New Guidelines Restrict Short-term Equity Investment in Solar Projects

New Guidelines Restrict Short-term Equity Investment in Solar Projects

In an amendment to the competitive bidding guidelines for procuring power from grid-connected solar PV projects, issued by the MNRE in July 2019, it was noted that the project developers need to maintain a controlling shareholding of 51% in the SPV or project company executing the PPA. ...
/ / Mercom Research Focus, Other
Andhra Pradesh Amends its Solar, Wind and Hybrid Policy – Pulls Back Incentives

Andhra Pradesh Amends its Solar, Wind and Hybrid Policy – Pulls Back Incentives

The government of Andhra Pradesh has issued a notification amending the state’s policy for wind, solar, and wind-solar hybrid projects, taking away some vital incentives from the renewable generators. The ...
/ / 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 ...
After the Success of SAUBHAGYA Program, Off-Grid Solar Product Sales Decline: GOGLA

After the Success of SAUBHAGYA Program, Off-Grid Solar Product Sales Decline: GOGLA

Sales of off-grid solar products in India fell by 20% in the first half of 2019 when compared with the second half of 2018, according to the latest report from ...
/ / Off-grid, Solar
Singapore’s Temasek Partners with Swedish EQT to Build Solar & Wind Farms in India

Singapore’s Temasek Partners with Swedish EQT to Build Solar & Wind Farms in India

Temasek, a Singapore-based Holdings company, has partnered with EQT, a Swedish private equity company, to launch a renewable energy platform in India. The platform, called 02 Power, aims to construct wind ...
No ISTS Charges for Solar and Wind Projects Commissioned by December 2022

No ISTS Charges for Solar and Wind Projects Commissioned by December 2022

The Ministry of Power (MoP) has announced that interstate transmission system (ISTS) charges and losses on the transmission of electricity generated from solar and wind energy projects will be waived ...
/ / Markets & Policy, Solar
Solar Power Generation Dipped in the Third Quarter of 2019 By Nearly 14%

Solar Power Generation Dipped in the Third Quarter of 2019 By Nearly 14%

Solar power generation numbers declined by 14% quarter over quarter (QoQ) in the third (Q3) quarter of 2019. Solar power generation in India stood at 10,530 million units (MUs), according ...
/ / Mercom Research Focus, Other
Solar Now Accounts for 9.2% of India’s Total Installed Power Capacity

Solar Now Accounts for 9.2% of India’s Total Installed Power Capacity

In the quarter ending September 2019, India’s total renewable energy capacity (including large hydro) stood at 130.68 GW. This translates into approximately 35.7% of the total installed power capacity in ...
/ / Markets & Policy, Solar
Solar MSMEs are Not Benefiting from Safeguard Duty and Domestic Content Rules

Solar MSMEs are Not Benefiting from Safeguard Duty and Domestic Content Rules

Over the past year and a half, the government has launched several policy measures to support the domestic solar manufacturing industry — these range from the imposition of a safeguard ...
Tata Power and Rockefeller Foundation to Set Up Renewable Microgrids in India

Tata Power and Rockefeller Foundation to Set Up Renewable Microgrids in India

Tata Power and the Rockefeller Foundation have launched TP Renewable Microgrid Ltd., with plans to set up 10,000 microgrids in India by 2026. The new unit is expected to provide ...
China and India Poised to Lead Asia in Harnessing Wind by 2050_ IRENA Report

China and India Poised to Lead Asia in Harnessing Wind by 2050: IRENA Report

The International Renewable Energy Agency (IRENA) has released its latest Global Energy Transformation Report, which explores global energy development scenarios up to the year 2050. The report states that Asia ...
/ / Wind
MNRE’s New Solar Bidding Guidelines Say No Power Backdown Without Formal Instructions

MNRE’s New Solar Bidding Guidelines Say No Power Backdown Without Formal Instructions

To expedite and streamline the process of developing solar projects, the Ministry of New and Renewable Energy (MNRE) has issued amendments to its guidelines for the competitive bidding process. The ...
/ / Markets & Policy, Solar
Economic Slowdown Has Taken a Toll on Indian Rooftop Solar Market_ Solis Interview

Economic Slowdown Has Taken a Toll on Indian Rooftop Solar Market: Solis Interview

In August 2019, Mercom reported that in the first half of the year, the top five solar inverter manufacturers in China accounted for 36.44% of inverter exports globally from China ...
/ / Rooftop, Solar
Abu Dhabi’s Masdar Set to Acquire a Minority Stake in India’s Hero Future Energies

Abu Dhabi’s Masdar Set to Acquire a Minority Stake in India’s Hero Future Energies

Masdar (or Abu Dhabi Future Energy Company) is set to acquire a minority stake in Hero Future Energies Global Ltd. (HFE UK), and Hero Future Energies Private Ltd (HFE India) according to ...
Adani Partners with US Firm to Set up Solar and Wind-Powered Data Centers in India

Adani Partners with US Firm to Set up Solar and Wind-Powered Data Centers in India

The Adani Group has announced that it has partnered with Digital Realty to develop and operate renewable energy powered data centers in India. The two companies plan to jointly evaluate developing and operating ...
ReNew, Avaada, UPC Renewables & Tata Power are Winners in the 960 MW SECI Auction

ReNew, Avaada, UPC Renewables & Tata Power are Winners in the 960 MW SECI Auction

The Solar Energy Corporation of India (SECI) has awarded 960 MW of inter-state transmission system (ISTS-VI) connected solar projects in a recently concluded auction. The auction winners included ReNew Power ...
/ / Solar, Tenders & Auctions
ABB Set to Acquire Majority Stake in Chinese E-Mobility Company

ABB Set to Acquire Majority Stake in Chinese E-Mobility Company

Switzerland-headquartered ABB is set to acquire a 67% share stake in Shanghai Chargedot New Energy Technology Co., Ltd., a leading Chinese e-mobility solution provider. According to the company statement, the ...
/ / Finance and M&A, Other
Gujarat Files Petition to Purchase Surplus Solar Power from MSMEs at ₹1.75_kWh

Gujarat Files Petition to Purchase Surplus Solar Power from MSMEs at ₹1.75/kWh

The Gujarat Urja Vikas Nigam Limited (GUVNL) recently filed a petition with the Gujarat Electricity Regulatory Commission (GERC) to get the tariff approved for purchasing surplus solar power generated by ...
/ / Markets & Policy, Solar
Maharashtra Releases Draft Regulation for Tariff Determination of Renewable Projects (1)

Maharashtra Releases Draft Regulation for Tariff Determination of Renewable Projects

The Maharashtra Electricity Regulatory Commission (MERC) has issued the draft version for its tariff determination regulation order for renewable projects that are commissioned in the state for the generation and ...
/ / Markets & Policy
Price Competition Translates into Technological Competition_ Growatt Interview (1)

Price Competition Translates into Technological Competition: Growatt Interview

For solar project developers in the country, the decision to choose one inverter over the other is becoming increasingly difficult, given the rapid expansion of the segment, and numerous entrants ...
/ / Markets & Policy, Solar
North-East India Continues to Have the Highest Power Supply Deficit in First Half of FY20

North-East India Continues to Have the Highest Power Supply Deficit in First Half of FY20

India’s power supply deficit stood at 0.5% during the six months between April and September 2019, according to the Central Electricity Authority (CEA). During these six months, 683,389 million units ...
/ / Markets & Policy, Other
Maharashtra’s Draft Policy Sets Solar RPO Target at 4.5% for 2020-21

Maharashtra’s Draft Policy Sets Solar RPO Target at 4.5% for 2020-21

The Maharashtra Electricity Regulatory Commission (MERC) has issued a draft policy announcing its renewable purchase obligation (RPO) from 2020 to 2025. The solar RPO targets mentioned in the policy draft ...
/ / Markets & Policy, Solar
APTEL Orders Karnataka DISCOM to Clear Dues of Azure Power for Solar Supply by November End

APTEL Orders Karnataka DISCOM to Clear Dues of Azure Power for Solar Supply by November End

In a case between Azure Power and Gulbarga Electricity Supply Corporation Limited (GESCOM), the Appellate Tribunal for Electricity (APTEL) has ordered the distribution company (DISCOM) to pay all of its ...
/ / Markets & Policy, Solar