Solar Finance

Indian Solar Sector Sees $1.6 Billion in Funding and M&A Transactions in Q1 2017

With solar installations crossing 12 GW by end of March 2017, financial activity was robust in the first quarter of 2017, with approximately $1.6 billion (~Rs.106 billion) in announced corporate, project funding ...
/ / Finance and M&A, Solar
Pavagada Solar Park

Cumulative Solar Installations in India Surpassed 12 GW, 5.5 GW Installed During Financial Year 2016-2017

Solar installations in India reached 12,288.83 MW as of the end of financial year (FY) 2016-2017. The states of Andhra Pradesh, Rajasthan, Tamil Nadu, Telangana, Gujarat, and Karnataka each now ...
Fortum

Fortum Commissions 70 MW Bhadla Solar Park Project at Previous Record Low Bid of Rs.4.34/kWh

Fortum commissioned a 70 MW solar project at Bhadla Phase-II Solar Park in Rajasthan under National Solar Mission (NSM) Phase-II, Batch-II, Tranche-I. The 70 MW solar project is Fortum's third ...
/ / Solar, Utility Scale
Wind Power Installed in India FY2016-17

5,400 MW of Wind Power Installed in India FY2016-17

Installed cumulative wind capacity in India has now crossed 32 GW. In the financial year (FY) 2016-17, wind projects aggregating 5,400 MW were installed across India, well over its target ...
/ / Other, Wind
Sambhar Salts

Sambhar Salts Tenders 1 MW Solar Project for Facility in Rajasthan

Sambhar Salts, a subsidiary of Hindustan Salts, a government-owned salt company, has tendered a 1 MW solar project to be developed at their facility in Rajasthan. The project will be ...
Asian Development Bank Approves $175 Million Loan Package for PGCIL

Asian Development Bank Approves $175 Million Loan Package for PGCIL

The Asian Development Bank (ADB) has approved a $175 million (~Rs.11.35 billion) loan to the Power Grid Corporation (PGCIL) to expand its solar power transmission network across the country. The ...
/ / Finance and M&A, Solar
Solar tender

Mercom Exclusive: Payment Delays are Increasing Risk and Project Costs for Solar and Wind Projects in Many States

Payment delays by distribution companies (DISCOMs) continue to pose a challenge for the growing renewable energy sector in India as it tries to achieve 175 GW of renewable installations by ...
/ / Grid, Utilities
Grid Connected

NTPC Commissions 45 MW of Solar at the Bhadla Solar Park

The National Thermal Power Corporation (NTPC) has commissioned projects aggregating 45 MW at Bhadla solar park in Rajasthan. The NTPC announced that 25 MW of solar was commissioned on March ...
/ / Solar, Utility Scale
NTPC Retenders 750 MW of Solar at Pavagada Solar Park in Karnataka

NTPC Retenders 750 MW of Solar at Pavagada Solar Park in Karnataka

The National Thermal Power Corporation (NTPC) has retendered 750 MW of solar at the Pavagada Solar Park in Karnataka. This is an Open category tender and the bid-submission deadline is ...
ADB

Mercom Exclusive: One Year After Launch, UDAY Yet to Make a Big Impact

Dismal DISCOM (distribution company) credit profiles due to high debt, heavy losses and poor operational efficiencies affects every aspect of the Indian power sector and is directly responsible for large ...
/ / Grid, Utilities
Solar Project

SECI Tenders a 50 MW Solar Project under DCR Category at Bhadla Phase-IV Solar Park in Rajasthan

The Solar Energy Corporation of India (SECI) has tendered 50 MW of solar under the domestic content requirement (DCR) category at Bhadla Phase-IV Solar Park in Rajasthan. The project will be developed ...
MW-Scale Solar Project

SECI Tenders 100 MW of Solar Under the Domestic Content Category at Bhadla Phase-III Solar Park in Rajasthan

The Solar Energy Corporation of India (SECI) has tendered a 100 MW solar project under domestic content requirement (DCR) category at Bhadla Phase-III Solar Park in Rajasthan. The project will be developed ...
rupees

$1.1 Billion in Funding and M&A Deals Announced in the Indian Solar Sector in Q4 2016

With solar installations in 2016 totaling 4 GW, financial activity was robust in the fourth quarter of 2016, with approximately $1.1 billion (~Rs.76.6 billion) in announced corporate, project funding and ...
/ / Finance and M&A, Solar
25 Indian States Fall Behind Solar RPO Targets

25 Indian States Fall Behind Solar RPO Targets

Twenty-five states in India have fallen behind their renewable purchase obligation (RPO) targets. The state-wise installation targets set by the Ministry of New and Renewable Energy (MNRE) have not been ...
/ / Markets & Policy, Solar
Can Green Energy Transmission Corridor Development Keep Up with Rapid Renewable Energy Growth in India

Can Green Energy Transmission Corridor Development Keep Up with Rapid Renewable Energy Growth in India?

Recognizing the need for transmission infrastructure to cope with increasing renewable energy capacity, India is developing the Green Energy Corridor (GEC), a transmission network to connect renewable energy rich states ...
/ / Grid, T&D
Sambhar Salts Looks for EPC Contractor to Develop 100 MW Solar Project in Rajasthan

Sambhar Salts Looks for EPC Contractor to Develop 100 MW Solar Project in Rajasthan

Sambhar Salts Limited, a subsidiary of Hindustan Salts Limited (a government-owned salt company), has invited expression of interest to develop a 100 MW solar project in Sambhar, Rajasthan. The deadline for submission ...
Mercom Forecasts Over 9 GW of Solar Installations in India for 2017

Mercom Forecasts Over 9 GW of Solar Installations in India for 2017

2016 Solar Installations to Come in at Approximately 4 GW Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar ...
/ / Solar, Utility Scale
Mergers & Acquisitions

Fonroche Energie SAS Divests its India Solar Assets; Shifts Focus to Latin America

France-based renewable energy developer, Fonroche Energie SAS has divested its India solar assets aggregating 22.3 MW. The assets have been acquired by the Hinduja Group. Fonroche Saaras Energy (FSEPL) and ...
/ / Finance and M&A, Solar
Top Solar States

Top 10 Indian States Account for 90 Percent of Large-Scale Solar Installations and Pipeline

India has a total installed large-scale solar capacity of 9,018 MW and a solar pipeline of 14,030 MW as of December 2016, with the top 10 states accounting for approximately ...
/ / Solar, Utility Scale
Mercom Exclusive: Incomplete Solar Park Infrastructure Affecting Large-Scale Project Development in India

Mercom Exclusive: Incomplete Solar Park Infrastructure Affecting Large-Scale Project Development in India

India is targeting 100 GW of solar by 2022, out of which 20 GW has been allocated to solar parks. The Ministry of New and Renewable Energy (MNRE) is considering ...
/ / Solar, Utility Scale
Indian State Transmission Utilities and Power Grid Corporation of India to Receive €1 Billion Soft Loan from Germany

Indian State Transmission Utilities and Power Grid Corporation of India to Receive €1 Billion Soft Loan from Germany

The German government-owned development bank, KfW, is providing €1 billion (~$1.05 billion) soft loan to India to develop inter and intra-state transmission infrastructure under the green energy corridor program. The ...
/ / Grid, T&D
NTPC Invites Bids to Develop 17 MW Solar Project in Andaman and Nicobar Islands

NTPC Invites Bids to Develop 17 MW Solar Project in Andaman and Nicobar Islands

The National Thermal Power Corporation (NTPC) has invited bids to develop a 17 MW grid-connected solar PV project in the village of Manglutan in South Andaman of the Andaman and ...
NTPC Invites Bids to Develop 8 MW Solar Project in Andaman and Nicobar Islands

NTPC Invites Bids to Develop 8 MW Solar Project in Andaman and Nicobar Islands

The National Thermal Power Corporation (NTPC) has invited bids to develop an 8 MW grid connected solar PV project in the Andaman and Nicobar Islands. This project is part of ...
India Gigawatt Club

Will India join the ‘Gigawatt Club’ this year?

Indian Solar Market Update – 1st Quarter 2012 By: Raj Prabhu, Managing Partner, Mercom Capital Group After over two years of policy deliberations and growing pains, India is finally seeing ...
/ / Solar
Indian Solar Market Update - Fourth Quarter 2011

Indian Solar Market Update – Fourth Quarter 2011

There has been a flurry of activity in the Indian solar sector in the fourth quarter, as 350 MW of Phase 1 Batch II photovoltaic (PV) projects were announced under ...
/ / Markets & Policy, Solar