PFC and REC Reduce Lending Rates to Boost Expansion of Renewable Energy Projects
Power Finance Corporation (PFC) and REC Limited, public finance infrastructure companies, have reduced their lending rates by 40 basis points for all types of loans. The companies revised lending rates ...
ITC Commissions its First Offsite Solar Project with 14.9 MW Capacity in Tamil Nadu
ITC Limited, an Indian multi-business conglomerate, said it had commissioned its first offsite solar project in Dindigul, Tamil Nadu. The 14.9 MW solar project, built with an investment of ₹760 ...
India Likely to Have Energy Surplus of 6.4% During 2021-22: CEA
India is likely to have an energy surplus of 6.4% and a peak surplus of 9.1% for the year 2021-22, according to the Central Electricity Authority’s (CEA) latest Load Generation ...
Consumer of Captive Cogeneration Project Exempted from RPO Compliance
The Odisha Electricity Regulatory Commission (OERC) has exempted a captive power producer from renewable purchase obligations (RPO) when its consumption from its cogeneration sources is higher than its RPO for ...
ReNew Energy Receives License for Inter-State Electricity Trading Across India
The Central Electricity Regulatory Commission (CERC) has granted an inter-state trading license to ReNew Energy Markets to trade power across India. Background ReNew Energy Markets, a ReNew Power group company, ...
Andhra DISCOMs Get Regulatory Approval to Procure 7 GW of Solar Power from SECI
In a significant development, the Andhra Pradesh Electricity Regulatory Commission (APERC) has approved the proposal of Andhra Pradesh distribution companies (DISCOMs) to procure 7,000 MW of solar power from the ...
Solar Generation Jumps 18% YoY to 51.67 BU in 9M 2021
India generated around 51.67 BU of solar power in the first nine months (9M) of the calendar year (CY) 2021, an 18% year-over-year (YoY) increase compared to 43.97 BU in ...
Renewables to Be the Primary Source for New Electricity Generation in 2050
The U.S. Energy Information Administration’s (EIA) latest International Energy Outlook 2021 report suggests that if current policy and technology trends continue, global energy consumption and energy-related carbon dioxide emissions will ...
First Phase of Market-Based Economic Dispatch of Power to Start from April 2022
The Ministry of Power (MoP) has released the framework for implementing the Market-Based Economic Dispatch (MBED) - Phase 1 program to reduce consumers’ power purchase costs by 5%. MBED will ...
IEX’s Green-Term Ahead Market Traded 1.68 BU in Q3 2021
The Indian Energy Exchange (IEX) traded 1.68 billion units (BU) of renewable energy in the third quarter (Q3) of the calendar year (CY) 2021. The exchange traded 8.99 BU of ...
EV Adoption, Power Sector Decarbonization Critical in Tackling Air Pollution
Widespread adoption of electric vehicles (EVs) with power sector decarbonization policies will improve net air quality and health benefits in every Indian state by 2040, the International Council on Clean ...
DISCOMs Must Ensure 24/7 Power Supply to Control Air Pollution: Ministry of Power
The Ministry of Power has issued a draft proposal for amending the Electricity Act, 2021 to ensure that distribution companies (DISCOMs) provide round-the-clock uninterrupted power supply to all consumers and prevent the ...
Punjab Electricity Regulator Holds Solar Power Curtailment Unjustifiable
The Punjab State Electricity Regulatory Commission (PSERC) has held the curtailment of power generated by seven solar project developers in 2020 unjustifiable. It directed the Punjab State Power Corporation Limited ...
APTEL Directs DISCOM to Maintain Financial Discipline, Pay Power Generators on Time
The Appellate Tribunal for Electricity (APTEL), in a recent order, dismissed the application filed by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) and directed the State Electricity Regulatory Commission ...
Rooftop Solar Systems Installed at Government Industrial Training Institutes
The Uttar Pradesh government has installed rooftop solar systems with 40 kW capacity at 60 state Industrial Training Institutes (ITI) in the state. Similarly, solar systems with the same capacity ...
TANGEDCO to Develop a 4 GW Solar Park With Battery Energy Storage in Tamil Nadu
Tamil Nadu’s Power Minister V Senthil Balaji informed the legislative assembly that Tamil Nadu Generation and Distribution Corporation (TANGEDCO) would develop a 4 GW solar park with battery energy storage ...
Amazon Signs PPA with Mitsubishi for 22 MW of Solar Energy in Japan
Mitsubishi Corporation signed a 10-year long-term corporate power purchase agreement (PPAs) with e-commerce giant Amazon. Mitsubishi will supply power to data centers owned and operated by Amazon’s subsidiary, Amazon Web Services. The ...
147 MU of Solar Traded at an Average Price of ₹3.56/kWh at IEX in August 2021
The Indian Energy Exchange (IEX) traded 413 million units (MU) of renewable energy in August 2021, a 43% month-over-month (MoM) decline compared to 726 MU in the previous month. However, ...
Infrastructure Finance Company REC to Raise ₹850 Billion Through Bonds and Debentures
REC Limited, an infrastructure finance company involved in financing power projects, is seeking the approval of shareholders to raise ₹850 billion (~$11.63 billion) through the private placement of bonds or ...
DISCOM Dues to Renewable Generators Mount to ₹141.44 Billion at the End of July 2021
Distribution companies (DISCOMs) owed ₹141.44 billion (~$1.94 billion) to renewable energy generators (excluding dispute amounts) in overdue payment across 259 pending invoices at the end of July 2021, according to ...
DISCOM Directed to Pay ₹705 Million in Generation Based Incentive to a Wind Project
The Andhra Pradesh Electricity Regulatory Commission (APERC) has granted six weeks to a distribution company (DISCOM) in Andhra Pradesh for the payment of a withheld amount of ₹705.4 million (~$9.6 ...
India Leads Corporate Renewable Procurement Market in Asia-Pacific: Report
Corporate renewable power purchase agreements (PPA) begin to play a significant role in the decarbonization efforts of Asia-Pacific, Wood Mackenzie has said in a recent report. In the first half of 2021, ...
A Record 726 MU of Renewables Traded at IEX’s Green Term-Ahead Market in July
The Indian Energy Exchange (IEX) traded an all-time high volume of 726 MU of renewable energy in July 2021, a 76% month-over-month (MoM) increase compared to 412 MU in the ...
Gap Between DISCOMs’ Energy Cost and Revenue Narrowed to ₹0.28/kWh in FY 2020
The Union Minister R.K. Singh said in Rajya Sabha that the gap between the Average Cost of Supply (ACS) and the Average Revenue Realized (ARR) at the national level reduced ...
Adani Green’s Total Income Up by 23% YoY to ₹10.79 Billion in Q1 FY 2022
Renewable energy company Adani Green Energy Limited (AGEL) reported a total income of ₹10.79 billion (~$145.40 million) in the first quarter (Q1) of the financial year (FY) 2022, a 23% ...
