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 ...
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
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
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 ...
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
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
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 ...
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 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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
