IREDA’s 10 GW Solar Module Manufacturing Tender Receives Strong Response

IREDA’s 10 GW Solar Module Manufacturing Tender Receives Strong Response

The Indian Renewable Energy Development Agency (IREDA)’s tender for setting up manufacturing capacities for vertically-integrated high-efficiency solar modules under the production-linked incentive (PLI) program received a strong response from the ...
/ / Manufacturing, Solar
Haryana Sets Levelized Tariff of ₹2.58kWh for a 20 MW Solar Project

Haryana Sets Levelized Tariff of ₹2.58/kWh for a 20 MW Solar Project

The Haryana Electricity Regulatory Commission (HERC) has set a tariff of ₹2.58 (~$0.035)/kWh for 20 MW of LR Energy's solar project. The tariff was determined after examining the capital cost component ...
/ / Markets & Policy, Solar
Daily News Wrap-Up: IREDA to Assist TANGEDCO with Renewable Projects and Fundraising

Daily News Wrap-Up: IREDA to Assist TANGEDCO with Renewable Projects and Fundraising

Here are some noteworthy cleantech announcements of the day from around the world: Indian Renewable Energy Development Agency (IREDA) signed a memorandum of understanding (MoU) with the Tamil Nadu Generation ...
/ / Other, Renewable Energy
IREDA's 5 GW CPSU Solar Tender Oversubscribed by 1,960 MW

IREDA’s 5 GW CPSU Solar Tender Oversubscribed by 1,960 MW

The Indian Renewable Energy Development Agency's (IREDA) tender for 5 GW grid-connected solar projects (Tranche-III) under the central public sector undertaking (CPSU) program (Phase-II) has received a strong response from ...
/ / Solar, Tenders & Auctions
IREDA Amends Tender for Solar Module Manufacturing Under PLI Program

IREDA Amends Tender for Solar Module Manufacturing Under PLI Program

The Indian Renewable Energy Development Agency Limited (IREDA) has amended certain conditions in the request for selection (RfS) issued for a tender floated under the production-linked incentive (PLI) program. In ...
/ / Modules, Solar
IREDA Posts a Record 61% YoY Growth in After-Tax Profits in FY 2020-21

IREDA Posts a Record 61% YoY Growth in After-Tax Profits in FY 2020-21

The Indian Renewable Energy Development Agency (IREDA) posted a profit after tax of ₹3.46 billion (~$47.75 million) as against ₹2.1 billion (~$29.67 million) in the last financial year (FY), registering ...
/ / Finance and M&A, Solar
IREDA Invites Bids to Set Up Solar Module Manufacturing Capacities Under PLI Program

IREDA Invites Bids to Set Up Solar Module Manufacturing Capacities Under PLI Program

The Indian Renewable Energy Development Agency (IREDA) has invited bids for setting up manufacturing capacities for vertically integrated high-efficiency solar modules under the production-linked incentive (PLI) program. Manufacturers setting up ...
IREDA 1

IREDA Amends 5 GW CPSU Solar Tender, Raises Tariff Cap to ₹2.45/kWh

The Indian Renewable Energy Development Agency (IREDA) has extended the deadline for the 5 GW grid-connected solar projects (Tranche-III) under the central public sector undertaking (CPSU) program (Phase-II). The implementing ...
Month in a Minute Top Headlines from Indian Renewable Sector in April 2021

Month in a Minute: Top Headlines from Indian Renewable Sector in April 2021

Here is a recap of some of the most important headlines from April 2021: Distribution companies (DISCOMs) owed ₹123.45 billion (~$1.68 billion) to renewable energy generators (excluding disputed amounts) in ...
/ / Other, Renewable Energy
CPSU Program for 12 GW of Solar Amended, VGF Capped at ₹5.5 Million

CPSU Program for 12 GW of Solar Amended, VGF Capped at ₹5.5 Million

The Ministry of New and Renewable Energy (MNRE) has issued amendments for setting up 12 GW of solar projects with viability gap funding (VGF) by central public sector undertakings (CPSUs) ...
/ / Markets & Policy, Solar
DISCOMs Need Distribution System Operators To Forecast Renewables and Manage Load (1)

DISCOMs Need Distribution System Operators To Forecast Renewables and Manage Load

India is an attractive solar market with tremendous, long-term potential. The installation targets are aggressive; however, the investments in the sector have stymied due to counterparty credit risks from distribution ...
/ / Grid, Utilities
TCIL Invites Bids to Set Up 5 GW of Solar Projects Under CPSU Program by IREDA

TCIL Invites Bids to Set Up 5 GW of Solar Projects Under CPSU Program by IREDA

Telecommunications Consultants India Limited (TCIL) has floated an expression of interest (EoI) to select partners for setting up grid-connected solar projects in India under the Central Public Sector Undertaking (CPSU) ...
Maharashtra Regulator Denies Solar Developer's Plea to Return Bank Guarantee

Maharashtra Regulator Denies Solar Developer’s Plea to Return Bank Guarantee

The Maharashtra Electricity Regulatory Commission (MERC) has dismissed ACME Solar's plea for the return of performance bank guarantee (PBG). It said that the power purchase agreement (PPA) specifies conditions for ...
/ / Markets & Policy, Solar
IREDA’s 5 GW Solar Projects Under the CPSU Program Comes With a ₹2.20/kWh Tariff Cap

IREDA’s 5 GW Solar Projects Under the CPSU Program Comes With a ₹2.20/kWh Tariff Cap

The Indian Renewable Energy Development Agency (IREDA) has capped the tariff for the 5 GW of grid-connected solar power projects (Tranche III) under the central public sector undertaking (CPSU) program ...
/ / Solar, Tenders & Auctions
IREDA Floats 5 GW Tender For Grid-Connected Solar Power Projects Under CPSU Program

IREDA Floats 5 GW Tender For Grid-Connected Solar Power Projects Under CPSU Program

The Indian Renewable Energy Development Agency (IREDA) has floated a tender for the setting up of 5 GW of grid-connected solar power projects in India (Tranche III) under the Central ...
/ / Solar, Tenders & Auctions
IREDA Signs MoU to Support NHPC in Green Energy Projects for Five Years

IREDA Signs MoU to Support NHPC in Green Energy Projects for Five Years

Indian Renewable Energy Development Agency (IREDA), which falls under the administrative control of the Ministry of New & Renewable Energy (MNRE), signed a Memorandum of Understanding (MoU) with NHPC for ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Lender for Renewables, IREDA Gets Revenue Target of ₹24.06 Billion

Daily News Wrap-Up: Lender for Renewables, IREDA Gets Revenue Target of ₹24.06 Billion

Here are some noteworthy cleantech announcements of the day from around the world: The Indian Renewable Energy Development Agency (IREDA) has signed a Memorandum of Understanding with the Ministry of ...
/ / Other, Renewable Energy
PFC and REC to Infuse ₹3 Billion to Set up Backend Infrastructure for Smart Meters

PFC and REC to Infuse ₹3 Billion to Set up Backend Infrastructure for Smart Meters

The Power Finance Corporation Limited (PFC), in a recent filing on the Bombay Stock Exchange (BSE), said that it had approved the infusion of ₹1.5 billion (~$20.4 million) in a ...
/ / Grid, Market & Policy
LOUs from IREDA, PFC, REC to Serve as Bank Guarantees for Solar Tenders

LoU from IREDA, PFC, REC to Serve as Bank Guarantees for Solar Tenders

Union Power Minister R.K. Singh has approved the proposal to accept letters of undertaking (LoU) from three non-banking financial institutions that can be used like bank guarantees in renewable tenders ...
/ / Markets & Policy, Solar
IREDA Seeks Consultants for Wind and Solar Projects under GBI Program

IREDA Seeks Consultants for Wind and Solar Projects under GBI Program

The Indian Renewable Energy Development Agency (IREDA) has issued a request for proposal (RfP) seeking consultants for wind and solar projects under the generation-based incentives (GBI) program. Interested bidders are ...
RK Singh Addresses Renewable Industry Stakeholders, Emphasizes on Self-Reliance

RK Singh Addresses Renewable Industry Stakeholders, Emphasizes on Self-Reliance

The Union Power Minister, RK Singh, recently interacted with developers of generation and transmission projects in the power and renewable sectors. The minister reiterated the need for ‘Aatmanirbhar Bharat’ to ...
Despite COVID-19, About $7 Billion Worth of Solar Tenders Announced in Q1

Despite COVID-19, About $7 Billion Worth of Solar Tenders Announced in Q1

While the global pandemic continues to affect the solar industry around the world, India announced 14 GW of solar tenders. Despite the pandemic, about 3.5 GW of solar projects were ...
Time is Now for RBI to Categorize Renewables as a Separate Sector, Remove Lending Limits

Time is Now for RBI to Categorize Renewables as a Separate Sector, Remove Lending Limits

The rapidly expanding renewable energy in India accounted for almost 36% of India’s total power capacity mix at the end of the calendar year (CY) 2019. The country’s total installed ...
MNRE Mulls Alternatives for EMD & PBG to Ease Liquidity in the Solar Sector

MNRE Mulls Alternatives for EMD & PBG to Ease Liquidity in the Solar Sector

MNRE is considering alternative arrangements for earnest money deposits (EMDs) and performance guarantees (PBGs) submitted by developers to Solar Energy Corporation of India (SECI) and the National Thermal Power Corporation ...
/ / Markets & Policy, Solar
Madhya Pradesh’s RUMSL Seeks Consultants for Setting up Solar Parks

Madhya Pradesh’s RUMSL Seeks Consultants for Setting up Solar Parks

The Rewa Ultra Mega Solar Limited (RUMSL) has invited proposals from interested consultants for setting up solar parks in the state of Madhya Pradesh. The International Bank for Reconstruction and ...
/ / Solar, Tenders & Auctions