Daily News Wrap-Up: KPI Global Signs PPA for 5.7 MW of Solar with Polycab India
Here are some noteworthy cleantech announcements of the day from around the world: KPI Global has signed a new long-term power purchase agreement with Polycab India Limited, Vadodara, for the ...
Uttar Pradesh Regulator Sets Tariff for a Biomass Project
The Uttar Pradesh Electricity Regulatory Commission (UPERC), in a recent order, set a tariff of ₹5.56 (~$0.076)/kWh to procure power from a 12.5 MW biomass project from the date of ...
Daily News Wrap-Up: Canadian Solar Signs PPA for a 12 MW Solar Project in Italy
Here are some noteworthy cleantech announcements of the day from around the world: Canadian Solar has signed a long-term power purchase agreement (PPA) with Axpo Italia to procure power produced from ...
Regulators Must Decide Incremental Tariff for Solar Safeguard Duty Compensation: APTEL
The Appellate Tribunal for Electricity (APTEL), in a recent order, directed the Karnataka Electricity Regulatory Commission (KERC) to decide the incremental tariff payable as compensation to the solar project developer ...
CERC Asks PGCIL Not to Encash Bank Guarantees of Terminated Wind Projects
The Central Electricity Regulatory Commission (CERC), responding to ReNew Power’s petition, has directed the Power Grid Corporation of India Limited (PGCIL) not to encash bank guarantees submitted towards its wind ...
PPA Duration to Buy 14 MW Bagasse-Based Power Extended in Uttar Pradesh
The Uttar Pradesh Electricity Regulatory Commission (UPERC), in a recent order, extended the duration of the power purchase agreement (PPA) signed between a bagasse-based power generator and the Uttar Pradesh ...
MNRE Declares Commissioning Date Extension for Renewable Projects, Conditions Apply
Giving relief to solar developers amid the Covid-19 crisis, the Ministry of New and Renewable Energy (MNRE), in its latest notification, has stated that the renewable energy projects having their ...
Supreme Court Upholds APTEL’s Order on Commissioning Delay of Solar Projects
In an important development, the Supreme Court of India upheld the judgment of the Appellate Tribunal for Electricity (APTEL), in which it had set aside the orders passed by the ...
Integrated Day Ahead Market Proposed in Exchanges for Conventional & Renewable Energy
The Ministry of Power (MoP) has decided to set up an integrated day-ahead market (DAM) at the power exchanges with separate price formation for power generated from renewable energy and ...
Daily News Wrap-Up: Masdar-led Consortium to Develop 300 MW Solar Project
Here are some noteworthy cleantech announcements of the day from around the world: The Masdar-led renewable energy consortium, with EDF Renewables and Nesma Company, has reached a financial close on ...
Andhra Pradesh High Court Directs DISCOMs to File Affidavit on Dues to Renewable Generators
The Andhra Pradesh High Court has directed distribution companies (DISCOMs) in the state to file a detailed affidavit on the objections raised by the renewable energy generating companies about pending ...
In 2020, Europe Invested €43 Billion in Wind Farms to Build 20 GW of Capacity
Europe invested €43 billion (~$51.47) in new wind farms in 2020, the second-highest annual amount on record. The investments cover 20 GW of new capacity that will be built in ...
Daily News Wrap-Up: Oberoi Group inks MoU with EESL to cut Carbon Footprint
Here are some noteworthy cleantech announcements of the day from around the world: The Oberoi Group signed a memorandum of understanding (MoU) with Energy Efficiency Services Limited (EESL) to further ...
Winning Tariff of ₹2.20/kWh in the GUVNL Solar Auction Hasn’t Factored BCD
The Indian Government's endeavor to encourage domestic manufacturing of solar modules and cells led to the imposition of BCD (Basic Customs Duty) on solar modules with HSN Code 85414012 BCD ...
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 ...
‘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 ...
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 ...
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 ...
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 ...
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
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 ...
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
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 ...
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 ...
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 ...
