Government Approves Equity Infusion of ₹10 Billion in Solar Energy Corporation of India

Government Approves Equity Infusion of ₹10 Billion in Solar Energy Corporation of India

The Ministry of New and Renewable Energy (MNRE) has announced that the government has approved an equity infusion of ₹10 billion (~$ 134.11 million) in Solar Energy Corporation of India ...
/ / Other, Renewable Energy
Center Infuses ₹15 Billion in IREDA to Boost Lending to the Renewable Energy Sector

Center Infuses ₹15 Billion in IREDA to Boost Lending to the Renewable Energy Sector

The Cabinet Committee on Economic Affairs has approved the equity infusion of ₹15 billion (~$201.27 million) in the Indian Renewable Energy Development Agency (IREDA). This fresh equity injection is expected ...
/ / Other, Renewable Energy
IREDA Launches New Program to Promote Green Mobility

IREDA Launches New Program to Promote Green Mobility

The Indian Renewable Development Agency (IREDA), under the Ministry of New and Renewable Energy, has launched a program to promote the manufacture and deployment of infrastructure for emerging technologies, green ...
/ / Electric Vehicles, Grid
Top 5 Solar Tenders in 2021 [Infographics]

Top 5 Solar Tenders in 2021 [Infographics]

Nearly 28.7 GW of solar tenders were floated during 2021, with the sector steadily recovering from the second wave of the Covid-19. Two of the top five solar tenders floated ...
/ / Mercom Research Focus, Other
Daily News Wrap-Up: ITI Installs a 100 kW Rooftop Solar System In Lucknow

Daily News Wrap-Up: ITI Installs a 100 kW Rooftop Solar System In Lucknow

Here are some noteworthy cleantech announcements of the day from around the world: ITI Limited inaugurated a 100 kW capacity captive rooftop solar power project in Lucknow, Uttar Pradesh. This ...
/ / Other, Renewable Energy
Jindal, Shirdi Sai, and Reliance Win IREDA’s Solar Module Manufacturing PLI Auction

Jindal, Shirdi Sai, and Reliance Win IREDA’s Solar Module Manufacturing PLI Auction

The Indian Renewable Energy Development Agency (IREDA) has announced the list of successful bidders for setting up manufacturing capacities for a minimum of 10 GW of vertically-integrated high-efficiency solar modules ...
/ / Solar, Tenders & Auctions
Qualified List of Bidders Announced for IREDA’s Solar Module Manufacturing Auction

Qualified List of Bidders Announced for IREDA’s Solar Module Manufacturing PLI Auction

The Indian Renewable Energy Development Agency (IREDA) has opened the bids for setting up manufacturing capacities for a minimum of 10 GW of vertically-integrated high-efficiency solar modules under the production-linked ...
/ / Solar, Tenders & Auctions
Vector Green Energy Secures ₹11 Billion Loan from IREDA for its Solar Portfolio

Vector Green Energy Secures ₹11 Billion Loan from IREDA for its Solar Portfolio

The Indian Renewable Energy Development Agency (IREDA) has disbursed a loan of ~₹11 billion (~$146.43 million) to Vector Green Energy, a Mumbai-based independent power producer focused on solar and wind ...
/ / Finance and M&A, Solar
Solar Auctions Activity Increases in Q3 2021 While Tenders Slowed

Solar Auctions Activity Increases in Q3 2021 While Tenders Slowed

Government agencies announced tenders for 5.8 GW of solar projects in the third quarter (Q3) of the calendar year (CY) 2021, a 31% decline compared to 8.5 GW in the previous ...
IREDA to Float IPO and Issue Green Bonds, Invites Bids for Asset Valuation

IREDA to Float IPO and Issue Green Bonds, Invites Bids for Asset Valuation

The Indian Renewable Energy Development Agency (IREDA) has announced that it will soon float an initial public offering (IPO) of fresh equity shares and issue green bonds in domestic and ...
/ / Solar, Tenders & Auctions
NTPC, SJVN, NHPC, NLC, and IRCON Win IREDA’s 5 GW CPSU Solar Auction

NTPC, SJVN, NHPC, NLC, and IRCON Win IREDA’s 5 GW CPSU Solar Auction

NTPC Limited, SJVN, NHPC, NLC India, and IRCON International were declared winners in the Indian Renewable Energy Development Agency’s (IREDA) auction for 5 GW of grid-connected solar projects (Tranche-III) under ...
/ / Solar, Tenders & Auctions
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 ...
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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