Payment Security Mechanism for Solar Projects under VGF Program Gets ₹5 Billion Fund

Payment Security Mechanism for Solar Projects under VGF Program Gets ₹5 Billion Fund

The Ministry of New and Renewable Energy (MNRE) has announced the guidelines for the payment security mechanism (PSM) for projects allocated under the viability gap funding (VGF) program. This has ...
/ / Markets & Policy, Solar
Qualified Coordinating Agencies in Maharashtra Asked to Pay ₹25,000/MW for Solar Projects

Qualified Coordinating Agencies in Maharashtra Asked to Pay ₹25,000/MW for Solar Projects

In Maharashtra, qualified coordinating agencies (QCAs) for meter reading, data collection and communication have been asked to deposit ₹25,000 (~$357.6)/MW for solar and ₹50,000 (~$715.6)/MW for wind projects. This comes ...
/ / Markets & Policy, Solar
REWA Bid

The Four-Tier REWA Payment Security Model Responsible for Low Bids

The Rewa solar park auction heralded the dawn of falling solar tariffs in India with a low levelized bid of ₹3.30/kWh. There are two major reasons for such low tariffs ...
/ / Markets & Policy, Solar