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 ...
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 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
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 ...
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) ...
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 ...
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
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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
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
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 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 ...
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 Federation Writes to RK Singh for Creation of a Fund to Provide Liquidity to DISCOMs
The National Solar Energy Federation of India (NSEFI) has written to the Minister for Power, New and Renewable Energy, R. K. Singh, seeking the creation of a fund for providing liquidity to ...
Budgetary Allocation for Solar Increases by 1% While Coal Gets a 48% Boost in 2019-20
In the recently announced budget for FY 2019-2020, there is a very slight increase in the budgetary allocation of funds for the solar energy sector when compared to the allocation ...
Sprng Energy Commissions 250 MW of Solar Projects at Madhya Pradesh’s Rewa Solar Park
Sprng Energy Private Limited, the renewable energy platform of Actis Private Equity Funds, has announced the commissioning of its first renewable energy project in India. The 250 MW solar project ...
IREDA’s Tender Calls for Empanelment of Resource Assessment Agencies for Wind and Solar
The Indian Renewable Energy Development Agency Limited (IREDA) has invited bids for the empanelment of resource assessment agencies for wind and solar technologies. The last date for the submission of ...
Reliance Issues EoI to Procure 145 MW of Renewable Power Under Open Access Category
Reliance Industries Limited has issued an expression of interest for the procurement of renewable energy under a short-term basis from April 1, 2019, to March 31, 2020. The company intends ...
