RBI Cuts Repo Rate, Extends Relief on Loan Repayment by Another 3 Months Amid COVID-19

RBI Cuts Repo Rate, Extends Relief on Loan Repayment by Another 3 Months Amid COVID-19

The Reserve Bank of India (RBI) announced the third round of monetary measures to boost the economy amid the lockdown caused by the Coronavirus pandemic. During the press briefing, the ...
Top Headlines from India’s Renewable Sector in April

Top Headlines from India’s Renewable Sector in April

The month of April witnessed several important events that might have a significant impact on the renewable energy sector going forward. Here are some of the important developments in April ...
Chhattisgarh Cuts Late Payment Surcharge to 0.75% to Help DISCOMs

Chhattisgarh Cuts Late Payment Surcharge to 0.75% to Help DISCOMs

To deal with the ongoing COVID-19 pandemic, which has caused economic disruptions across the board, the Chhattisgarh Electricity Regulatory Commission (CSERC) has issued an order reducing the payment of the ...
/ / Grid, Market & Policy
Time is Now for RBI to Categorize Renewables as a Separate Sector, Remove Lending Limits

Time is Now for RBI to Categorize Renewables as a Separate Sector, Remove Lending Limits

The rapidly expanding renewable energy in India accounted for almost 36% of India’s total power capacity mix at the end of the calendar year (CY) 2019. The country’s total installed ...
Industry Groups Ask for Renewable Generators to be Fully Paid Amid COVID-19 Crisis

Industry Groups Ask for Renewable Generators to be Fully Paid Amid COVID-19 Crisis

The Solar Power Developers Association (SPDA) and the Indian Renewable Energy Alliance (IREA) have written  letters to the Government of India requesting necessary relief for renewable energy generators in the ...
/ / Other, Renewable Energy
CERC Asked to Reduce Late Payment Surcharge as Cash Flow Dries Up Amid COVID-19 Outbreak

CERC Asked to Reduce Late Payment Surcharge as Cash Flow Dries Up Amid COVID-19 Outbreak

The Ministry of Power (MoP) has disclosed that it has received representations from power distribution companies and state governments requesting a waiver of late payment surcharge (LPS) given the force ...
/ / Grid, Utilities
RBI Relaxes External Commercial Borrowing Norms to Benefit Solar & Wind Companies

RBI Relaxes External Commercial Borrowing Norms to Benefit Solar & Wind Companies

In January 2019, National Solar Energy Federation of India (NSEFI) wrote to the Reserve Bank of India (RBI) to carve out a special category to allow External Commercial Borrowings (ECB) ...
/ / Markets & Policy, Other
SECI ISTS Tenders

RK Singh Rallies for Removal of Priority Sector Lending Limit for Renewable Projects

Union Power Minister R.K. Singh held a meeting recently in the national capital to review the issues affecting the renewable energy sector. The meeting was attended by various stakeholders including ...
NTPC Gets Category I License for Inter-State Trading of Electricity

Adani Green to Raise $500 Million Through Green Bonds

Adani Green Energy Limited (AGEL), the renewable energy arm of Adani Group, has announced it will raise $500 million through green bonds. The bonds will be listed on the Singapore ...
Supreme Court

What Does Supreme Court’s Order Quashing RBI’s NPA Circular Mean for the Solar Sector

Recently, the Supreme Court of India ordered the quashing of a circular issued by the Reserve Bank of India on non-performing assets (NPAs). According to a PTI report, “The Supreme ...
Low Tariffs in Solar Could Result in A Wave of Project Refinances: Panel Discussion

RBI’s New Policy on ECBs Could Leave Renewable Energy Projects Stranded

The National Solar Energy Federation of India (NSEFI) has written a letter to the Prime Minister’s Office (PMO) regarding the new External Commercial Borrowings (ECB) policy framework implemented by the ...
/ / Markets & Policy, Solar
Does the Appointment of New RBI Governor Help India’s Solar Sector?

Does the Appointment of New RBI Governor Help India’s Solar Sector?

In the recent quarters, India’s solar industry has been reeling with lending issues, among other factors related to financing. Interest rates are about 1 percent higher and availability of financing ...
CEA Charts Transmission Infrastructure Plan for 4,950 MW of Wind Projects

Power Generators Can Terminate PPA if DISCOM Defaults on Payment: Committee Proposal

The Government of India constituted a High Level Empowered Committee (HLEC) on July 29, 2018 chaired by the Cabinet Secretary to address the issues of stressed thermal power projects. Country’s apex ...
/ / Grid, Grid Optimization
RBI’s Amended FPI Guidelines Could Restrict Investments into India’s Renewable Sector

RBI’s Amended FPI Guidelines Could Restrict Investments into India’s Renewable Sector

The Reserve Bank of India (RBI) has amended the guidelines with regards to investments made in the country by foreign portfolio investors (FPI). The amended guidelines have been issued with ...
Solar Fastest Growing New Energy Source in India

Solar Fastest Growing New Energy Source in India, Installations Surge in First 5 Months of 2016, Exceeding All of Previous Year

India solar development pipeline now stands at 22 GW, more than 13 GW under construction Mercom Capital Group, a global clean energy communications and research firm released its quarterly update ...
/ / Solar, Utility Scale
Installations

Mercom Capital Group Raises Indian Solar Forecast to Over 2 GW for 2015

Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar market. Mercom’s forecast for solar installations in India for CY ...
/ / Markets & Policy, Solar