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 ...
Virescent Renewable Energy Trust Acquires Godawari Green Energy for ₹6.65 Billion
Virescent Renewable Energy Trust (VRET), a renewable energy infrastructure investment trust by Virescent Infrastructure, has signed a share purchase agreement to acquire 100% shareholding and management control in Godawari Green ...
Karnataka Commission Directs DISCOM to Compensate Solar Developer for GST Claims
The Karnataka Electricity Regulatory Commission (KERC) ruled in favor of Parampujya Solar Energy, a solar power developer declaring that it is eligible for compensation due to the enactment of Goods ...
Tariff for 110 MW of Solar Projects Reduced to ₹2.44/kWh from ₹2.97/kWh in Kerala
The Kerala State Electricity Regulatory Commission (KSERC) has approved a reduced tariff of ₹2.44 (~$0.033)/kWh proposed by the Kerala State Electricity Board (KSEB) to procure 110 MW of solar power ...
Torrent Power’s Revenue from Operations Jumps 16% YoY in 9M FY 2022
Gujarat-based power company Torrent Power has announced the financial results for the first nine months (9M) and third quarter (Q3) of the financial year (FY) 2022. The company's total revenue ...
APTEL Rules in Favor of Solar Developers, Dismisses Tariff Reduction by DISCOMs
The Appellate Tribunal for Electricity (APTEL), in a recent order, ruled in favor of three solar developers and said that the developers were entitled to the tariff as per the ...
Mississippi Power Invites Bids to Procure Power from 200 MW of Solar Projects
Mississippi Power company, a U.S.-based power utility company, has issued a request for proposals (RfP) to procure 200 MW of power from solar projects located in Mississippi, United States. The ...
Daily News Wrap-Up: Energy Storage to Be Next Focus of Power Ministry
Here are some noteworthy cleantech announcements of the day from around the world: Union Power Minister R K Singh interacted with the renewable energy developers and government representatives on the ...
Bihar DISCOM Receives Regulatory Approval to Procure 200 MW of Solar Power at ₹3.11/kWh
The Bihar Electricity Regulatory Commission (BERC) has approved tariff and the power purchase agreement between the Bihar Renewable Energy Development Agency (BREDA) and SJVN Limited for procuring 200 MW of ...
DISCOM Asked to Pay the Differential Amount for a Bagasse-Based Generation Project
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has directed the state distribution company (DISCOM) to pay the differential amount between November 2017 to June 2018 to Gobind Sugar Mills as ...
