US-based Corporations Procured 20 GW of Clean Energy in 2022
Even as power purchase agreement (PPA) prices increased, corporations in the United States procured nearly 20 GW of clean energy in 2022. Cumulatively, 326 companies contracted 77.4 GW of clean ...
Odisha Regulator Sets Tariff of ₹7.25/kWh for 25 MW Solar Project
Odisha Electricity Regulatory Commission (OERC) has approved the power purchase agreement (PPA) executed between Grid Corporation of Odisha (GRIDCO) and ACME Odisha Solar Power to procure power from a 25 ...
Regulator Allows Buying Wind Energy from Projects with Expired Agreements
Maharashtra Electricity Regulatory Commission (MERC) has allowed Maharashtra State Electricity Distribution Company (MSEDCL) to procure 18.36 MW wind power at ₹2.65 (~$0.032)/kWh for 12 years from wind generators with expired ...
Rajasthan Regulator Allows DISCOM to Extend Wind Power Purchase Agreements
Rajasthan Electricity Regulatory Commission (RERC) has granted permission to Rajasthan Urja Vikas Nigam (RUVNL) to extend the power purchase agreements (PPA) with six wind projects for five years. The Commission ...
Regulator Approves Solar Developer’s Plea to Amend Effective PPA Date
Maharashtra Electricity Regulatory Commission (MERC) has approved the change in the effective power purchase agreement (PPA) date between ACME Sikar Solar (ASSPL) and the power procurer Maharashtra State Electricity Distribution ...
Regulator Directs DISCOM to Pay Late Payment Surcharge to Wind Developer
Madhya Pradesh Electricity Regulatory Commission (MPERC) has directed MP Power Management Company (MPPMCL) to pay outstanding dues along with a late payment surcharge (LPS) to a wind developer for the ...
Power Ministry Mulls Shorter PPA Tenure to Help DISCOMs and Power Markets
The Ministry of Power is considering cutting the tenure of prospective long-term power purchase agreements (PPAs) to 12-15 years from the extant 25 years to provide more flexibility to the ...
Adani DISCOM to Procure 1 GW Renewable Power Bundled with Thermal
Maharashtra Electricity Regulatory Commission (MERC) has allowed Adani Electricity Mumbai (AEML) to procure 1,000 MW of renewable power bundled with thermal (500 MW plus an additional 500 MW under the ...
Thermal Projects Bundled with Renewables Can Dispatch Power Without Agreement
Thermal and hydropower projects with standalone or renewable energy projects with Battery Energy Storage Systems (BESS) can be set up anywhere and dispatched to any generating station without any additional ...
Daily News Wrap-Up: P&G to Procure Power From ENGIE’s 200 MW Solar Project
Here are some noteworthy cleantech announcements of the day from around the world: Procter and Gamble (P&G) and ENGIE North America inked a 200 MW power purchase agreement from ENGIE's Sun Valley ...
Punjab Commission Quashes DISCOM’s Decision to Terminate PPAs of Two Solar Projects
The Punjab State Electricity Regulatory Commission (PSERC) recently quashed the order of the Punjab State Power Corporation (PSPCL) terminating the power purchase agreements (PPAs) for procuring power from two solar ...
Rajasthan Commission Approves Safeguard Duty, GST, and BCD as ‘Change in Law’ Events
The Rajasthan Electricity Regulatory Commission (RERC) recently ruled that the change in rates of safeguard duty, basic customs duty (BCD) on inverters, levy of BCD on the import of solar ...
Daily News Wrap-Up: POSCO, Greenko to Produce Green Hydrogen in India
Here are some noteworthy cleantech announcements of the day from around the world: POSCO and ZeroC of Greenko (GZC) entered a strategic partnership to produce green hydrogen, ammonia, and other ...
Ford Motor to Procure 650 MW Solar Energy to Power its Michigan Operations
Automobile major Ford Motor Company will procure 650 MW of new solar energy capacity in Michigan following a clean energy agreement with DTE Energy, a Detroit-based diversified energy company. The ...
CERC Directs SECI to Compensate Solar Developer for GST Claims
The Central Electricity Regulatory Commission (CERC) recently directed the Solar Energy Corporation of India (SECI) to compensate a solar developer for the additional cost incurred due to the imposition of ...
ReNew Power to Acquire Over 500 MW of Wind and Solar Projects
Independent power producer ReNew Power has signed definitive agreements to acquire over 500 MW of operating wind and solar assets. ReNew said it would acquire operating wind assets totaling 471.65 ...
MSEDCL Invites Bids for 325 MW of Wind Power; Tariff Cap of ₹2.65/kWh, 12 Year PPA
Maharashtra State Electricity Distribution Company Limited (MSEDCL) has invited bids to procure 325 MW of power from intrastate wind projects. The last date to submit the bids is June 9, ...
Government Invokes Emergency Provisions to Tide Over Coal Shortages in Power Plants
Faced with a severe coal shortage at coal-based thermal power plants leading to load shedding in many areas across India, the Ministry of Power has directed all imported coal-based power ...
ReNew Power Signs Power Purchase Agreements for 2 GW of Solar Projects
India-based independent power producer ReNew Power has signed five power purchase agreements (PPA) amounting to about 2 GW, with Solar Energy Corporation of India (SECI), the Punjab State Power Corporation ...
Punjab Regulator Approves Power Procurement from a Delayed Adani Wind Project
Punjab State Electricity Regulatory Commission (PSERC) has approved Punjab State Power Corporation’s (PSPCL) proposal to procure power from a 50 MW wind project with a power sale agreement (PSA) with ...
Andhra High Court Asks DISCOMs to Pay Renewable Generators Tariffs Per PPAs Within Six Weeks
In a landmark judgment, the High Court of Andhra Pradesh set aside the earlier order passed on September 24, 2019, for paying interim tariff and reaffirmed renewable projects' 'must-run' status ...
SECI Seeks Short-Term Working Capital Credit Facility of ₹5 Billion
Solar Energy Corporation of India (SECI) has issued a request for proposals seeking quotations for a short-term working capital credit facility of up to ₹5 billion (~$65.56 million). The credit ...
CERC Adopts Tariff of ₹2.37/kWh for a 300 MW Solar Project
The Central Electricity Regulatory Commission (CERC), in a recent order, adopted the tariff of ₹2.37 (~$0.031)/kWh for a 300 MW solar project for which the Solar Energy Corporation of India ...
Renewables Sector Needs an Annual Investment of ₹2 Trillion: Standing Committee Report
The Parliamentary Standing Committee on Energy recommended that the Ministry of New and Renewable Energy (MNRE) work proactively to make available and explore innovative financing mechanisms and alternative funding avenues ...
MERC Approves Tariff of ₹2.65/kWh for 157.9 MW of Wind Projects
Maharashtra Electricity Regulatory Commission (MERC) has granted its approval to Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) to procure 157.9 MW on a long-term basis from wind generators at tariff ...
