Daily News Wrap-Up_ Hydrogen Market Revenue Is Expected to Surpass $300 Billion by 2027

Daily News Wrap-Up: Hydrogen Market Revenue Is Expected to Surpass $300 Billion by 2027

Here are some noteworthy cleantech announcements of the day from around the world: The global hydrogen market revenue is expected to surpass $300 billion by 2027, as reported in the latest study ...
/ / Other, Renewable Energy
'Change in Law' Clause in PPAs Signed by Small Scale Distributed Solar Projects Approved

‘Change in Law’ Clause in PPAs Signed by Small Scale Distributed Solar Projects Approved

The Gujarat Electricity Regulatory Commission (GERC) has approved the incorporation of 'change of law' in the proposed power purchase agreements (PPAs) by the Gujarat Urja Vikas Nigam. These PPAs are ...
/ / Markets & Policy, Solar
Smoothening the Rough Ride from Tenders and Auctions to Signing Power Sale Agreements

Smoothening the Rough Ride from Tenders and Auctions to Signing Power Sale Agreements

According to the Q4 & Annual, 2020 India Solar Market Quarterly Update, in 2020, about 32.5 GW of tenders were announced by various agencies, and over 22 GW of projects ...
/ / Markets & Policy, Solar
Azure Power Sells Non-Core Rooftop Solar Portfolio to Radiance Renewables

Azure Power Sells Non-Core Rooftop Solar Portfolio to Radiance Renewables

Independent solar power producer Azure Power Global has announced that it had signed a binding agreement to sell its non-core rooftop solar portfolio to Radiance Renewables for ₹5.36 billion (~$73.5 ...
/ / Finance and M&A, Solar
Karnataka Regulator Approves Tariff of ₹8.40/kWh for a Delayed Solar Power Project

Karnataka Regulator Approves Tariff of ₹8.40/kWh for a Delayed Solar Project

The Karnataka Electricity Regulatory Commission (KERC) has approved a tariff of ₹8.40 (~$0.115)/kWh as per the power purchase agreement (PPA) signed between Bangalore Electricity Supply Company Limited (BESCOM) and the ...
/ / Markets & Policy, Solar
Defer Bids Until Power Sale Agreements Backlog is Cleared – Solar Developers to Minister

Defer Bids Until Power Sale Agreements Backlog is Cleared – Solar Developers to Minister

The Solar Power Developers Association (SPDA) has written to Union Power Minister R.K. Singh asking to stop new auction activity for solar projects until the backlog of power sale agreements ...
Supreme Court Upholds NCLT's Stay of Termination of GUVNL's PPA with Solar Developer

Supreme Court Upholds NCLT’s Stay of Termination of GUVNL’s PPA with Solar Developer

The Supreme Court, in a recent order, has said that the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) had correctly stayed the termination of ...
/ / Markets & Policy, Solar
Tariff for a Delayed, Partially Synchronized Rooftop Solar System Slashed by 46%

Tariff for a Delayed, Partially Synchronized Rooftop Solar System Slashed by 46%

The Karnataka Electricity Regulatory Commission (KERC) has issued directions for a new power purchase agreement (PPA) to be signed for a 1 MW rooftop solar power system at a revised ...
Safeguard Duty Extension Deemed as Change in Law for Tata’s Solar Project in Maharashtra

Safeguard Duty Extension Deemed as Change in Law for Tata’s Solar Project in Maharashtra

The Maharashtra Electricity Regulatory Commission (MERC) has accepted Tata Power Renewable Energy's (TPREL) petition seeking to declare levy of safeguard duty (SGD) on the import of solar cells as a ...
/ / Market & Policy, Solar
Daily News Wrap-Up: Yinson to Develop a 190 MW Grid-Connected Solar Project in Rajasthan

Daily News Wrap-Up: Yinson to Develop a 190 MW Grid-Connected Solar Project in Rajasthan

Here are some noteworthy cleantech announcements of the day from around the world: Yinson said that its subsidiary Rising Sun Energy has received a Letter of Award from NTPC to ...
/ / Other, Renewable Energy
Torrent Power's Plea for Changes to 'Force Majeure' and 'Change in Law' Clauses Approved

Torrent Power’s Plea for Changes to ‘Force Majeure’ and ‘Change in Law’ Clauses Approved

The Gujarat Electricity Regulatory Commission (GERC) has approved the changes sought by Torrent Power to the 'force majeure' and the 'change in law' clauses in the draft power purchase agreement ...
Lack of Restitution Clause in Solar PPAs Must Not Lead to Rejection of Carrying Costs Claims

Lack of Restitution Clause in Solar PPAs Must Not Lead to Rejection of Carrying Costs Claims

Electricity Regulatory Commissions (ERCs) have been denying the claim of carrying costs raised by developers in the various change in law petitions (CIL Petition) if their power purchase agreements (PPAs) ...
‘Change in Law’ Clause Approved in Draft PPA for Setting Up Distributed Solar Projects

‘Change in Law’ Clause Approved in Draft PPA for Setting Up Distributed Solar Projects

The Gujarat Electricity Regulatory Commission (GERC) has approved the Gujarat Urja Vikas Nigam Limited's (GUVNL) request seeking incorporation of the 'Change in Law' clause in the draft power purchase agreement ...
Daily News Wrap-Up_ L&T Bags Order to Develop 400 MW of Solar Projects in Gujarat

Daily News Wrap-Up: L&T Bags Order to Develop 400 MW of Solar Projects in Gujarat

Here are some noteworthy cleantech announcements of the day from around the world: Larsen & Turbo, in a BSE filing, said its power transmission & distribution business has secured two ...
/ / Other, Renewable Energy
Solar Developer Loses Bank Guarantee, to Pay Liquidated Damages For Delay

Solar Developer Loses Bank Guarantee, to Pay Liquidated Damages For Delay

The Tamil Nadu Electricity Regulatory Commission (TNERC) has rejected a developer’s plea to extend the commissioning date of a 100 MW solar project in the state. It has also allowed ...
Regulator Rules in Favor of Solar Project Developer for Delay in Signing PPA

Regulator Rules in Favor of Solar Project Developer for Delay in Signing PPA

The Maharashtra Electricity Regulatory Commission (MERC) has directed the Maharashtra State Electricity Distribution Company Limited (MSEDCL) not to encash Avaada Energy's bank guarantee for a delay in signing the power ...
Daily News Wrap-Up_ NTPC Commissions Fourth 150 MW Unit of Kameng Hydroelectric Project

Daily News Wrap-Up: NTPC Commissions Fourth 150 MW Unit of Kameng Hydroelectric Project

Here are some noteworthy cleantech announcements of the day from around the world: BASF, a Germany-based multinational chemical company, has signed a 35 MW wind power purchase agreement (PPA) with ...
/ / Other, Renewable Energy
Developers Write to Prime Minister’ Office on the Gujarat Solar Auction Fiasco

Developers Write to Prime Minister’ Office on the Gujarat Solar Auction Fiasco

The Solar Power Developers Association (SPDA) has written to the Prime Minister's Office (PMO), against the delays in signing the power purchase agreements (PPA) by the Gujarat Urja Vikas Nigam ...
Daily Wrap-Up_ Blockchain Technology Guarantees Renewable Origin of Green Hydrogen

Daily News Wrap-Up: Blockchain Technology Guarantees Renewable Origin of Green Hydrogen

Here are some noteworthy cleantech announcements of the day from around the world: ACCIONA has developed a platform based on blockchain technology that guarantees the renewable origin of green hydrogen. With ...
/ / Other, Renewable Energy
Eden Renewables Secures Financial Closure for its 450 MW SECI III Solar Project

EDEN Renewables Secures Financial Closure for its 450 MW SECI III Solar Project

Total Eren and EDF Renewables announced that EDEN Renewables India, which is their equally owned joint venture dedicated to large-scale Indian solar photovoltaic (PV) projects, has successfully secured financial closure ...
/ / Finance and M&A, Solar
Daily News Wrap-Up_ Tata Power Solar to Build a 95 MW Solar Project for GSECL

Daily News Wrap-Up: Tata Power Solar to Build a 95 MW Solar Project for GSECL

Here are some noteworthy cleantech announcements of the day from around the world: Tata Power Solar has received a 'Letter of Award' to build a 95 MW of ground-mounted solar ...
/ / Other, Renewable Energy
Spain Awards 2.034 GW of Solar and 998 MW of Wind Projects in Latest Auction

Spain Awards 2 GW of Solar and 998 MW of Wind Projects in Latest Auction

Spain has allocated 3.034 GW of renewable energy capacity in its first renewable energy auction since 2017. In the auction held by the Ministry for the Ecological Transition, 2.034 GW ...
/ / Solar, Tenders & Auctions
Daily News Wrap-Up_ Tata Power Solar Bags ₹12 Billion EPC Order for a 320 MW Solar Project

Daily News Wrap-Up: Tata Power Solar Bags ₹12 Billion EPC Order for a 320 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Tata Power Solar, a wholly-owned subsidiary of Tata Power, has received a Letter of Award to construct ...
/ / Other, Renewable Energy
Adani Green to Acquire a 20 MW Solar Project in Uttar Pradesh

Adani Green to Acquire a 20 MW Solar Project in Uttar Pradesh

Adani Green Energy (AGEL) has signed a security purchase agreement with Hindustan Cleanenergy and Peridot Power Ventures to acquire Spinel Energy and Infrastructure (SEIL)'s total share capital and securities. SEIL ...
/ / Finance and M&A, Solar
Gujarat Commission Adopts ₹1.99_kWh Tariff Discovered in GUVNL's 500 MW Solar Auction

Gujarat Commission Adopts ₹1.99/kWh Tariff Discovered in GUVNL’s 500 MW Solar Auction

The Gujarat Electricity Regulatory Commission (GERC) has adopted the tariff of ₹1.99 (~$0.0270)/kWh discovered in the competitive bidding conducted by the Gujarat Urja Vikas Nigam Limited (GUVNL) for procurement of ...
/ / Markets & Policy, Solar