SECI Announces 100 MW Solar Tender with Battery Energy Storage in Chhattisgarh

SECI Announces 100 MW Solar Tender with Battery Energy Storage in Chhattisgarh

The Solar Energy Corporation of India (SECI) has invited bids for a 100 MW (AC) solar power project along with a 50 MW/150 MWh battery energy storage system (BESS). The ...
/ / Solar, Tenders & Auctions
Suzlon Net Loss Widens to Nearly ₹4 Billion in Q1 of FY 2021

Suzlon Net Loss Widens to Nearly ₹4 Billion in Q1 of FY 2021

Suzlon Group, a renewable energy solutions provider, announced its financial results for the first quarter (Q1) of the financial year (FY) 2020-21. The company registered revenues of ₹5.13 billion (~$70.1 ...
/ / Other, Wind
ReNew and UN Environment Program to Work Together for Renewables & Energy Efficiency

ReNew and UN Environment Program to Work Together for Renewables & Energy Efficiency

ReNew Power and the UN Environment Programme (UNEP) entered a partnership agreement to promote increased access to renewable energy and improved energy efficiency. UNEP addresses environmental issues at the global ...
/ / Other, Renewable Energy
Solar Developer Seeks Return of Bank Guarantee After PPA Termination

Solar Developer Seeks Return of Bank Guarantee After PPA Termination

Arina Solar Private Limited has filed a petition with the Central Electricity Regulatory Commission (CERC) requesting it to direct the Solar Energy Corporation of India (SECI) to return its performance ...
/ / Grid, Market & Policy
CERC Examines Wind Developer’s Petition for Relief from Transmission Charges

CERC Examines Wind Developer’s Petition for Relief from Transmission Charges

Renewable developer Sprng Renewable Energy Private Limited recently approached the Central Electricity Regulatory Commission (CERC) against the Power Grid Corporation of India Limited (PGCIL), seeking relief on the grounds of ...
/ / Wind
ReNew Power Acquires Climate Connect

ReNew Power Acquires Climate Connect

ReNew Power has announced that it has signed an agreement to acquire Climate Connect (also known as Regent Climate Connect Knowledge Solutions Private Limited). Climate Connect is a technology company ...
6 Month Moratorium to Renewable Generators Can Bring Huge Relief_ ReNew Interview

Six Month Moratorium to Renewable Generators Can Bring Huge Relief: ReNew Interview

The global coronavirus crisis has disrupted production processes and supply chains across sectors, and the solar industry is no exception. In India, the lockdown is still in place, and social ...
Investments in Indian Solar Sector Declined 66% YoY to $970 Million in Q1 Amid COVID-19

Investments in Indian Solar Sector Declined 66% YoY to $970 Million in Q1 Amid COVID-19

Investments in the Indian solar industry totaled $970 million (~₹72.9 billion) in the first quarter (Q1) of 2020, according to Mercom’s Q1 2020 India Solar Market Update. Investments were 66% ...
ReNew Power Wins SECI’s 400 MW Round-The-Clock Renewable Tender at ₹2.90_kWh

ReNew Power Wins SECI’s 400 MW Round-The-Clock Renewable Tender at ₹2.90/kWh

The Solar Energy Corporation of India (SECI) has announced the winner of its tender for 400 MW of renewable power on a round-the-clock (RTC) basis. ReNew Power won the auction for ...
SECI’s 1.2 GW Solar Tender Gets Enthusiastic Response, Oversubscribed by 2.3 GW

SECI’s 1.2 GW Solar Tender Gets Enthusiastic Response, Oversubscribed by 2.3 GW

The Solar Energy Corporation of India (SECI) has announced the list of participants for its tender for 1.2 GW of solar projects. In January 2020, SECI had issued a detailed ...
/ / Solar, Tenders & Auctions
Greenko, ReNew Win SECI’s 1.2 GW Solar, Wind Auction with Storage For Peak Power Supply

Greenko, ReNew Win SECI’s 1.2 GW Solar, Wind Auction with Storage for Peak Power Supply

Greenko Group and ReNew Power won the auction conducted by the Solar Energy Corporation of India (SECI) for 1.2 GW of solar, wind, and energy storage projects with guaranteed peak ...
/ / Solar, Tenders & Auctions
ReNew Power Partners with South Korea’s GS E&C for a 300 MW Solar Project in Rajasthan

ReNew Power Partners with South Korea’s GS E&C for a 300 MW Solar Project in Rajasthan

Independent power producer ReNew Power Private Limited has announced a joint venture partnership with South Korea’s GS E&C for the construction of a 300 MW solar power project in Rajasthan. The project is ...
/ / Solar, Utility Scale
Azure Power and ReNew Power Were the Top Utility-Scale Solar Developers During 1H 2019

Azure Power and ReNew Power Were the Top Utility-Scale Solar Developers During 1H 2019

In the first half of this year (1H 2019), Azure Power, ReNew Power, Sprng Energy, and Tata Power emerged as the top four developers of utility-scale solar power projects in ...
/ / Mercom Research Focus, Other
Singapore’s Temasek Partners with Swedish EQT to Build Solar & Wind Farms in India

Singapore’s Temasek Partners with Swedish EQT to Build Solar & Wind Farms in India

Temasek, a Singapore-based Holdings company, has partnered with EQT, a Swedish private equity company, to launch a renewable energy platform in India. The platform, called 02 Power, aims to construct wind ...
SECI’s 1.2 GW Solar Tender Attracts Technical Bids from Four Developers

SECI’s 1.2 GW Solar Tender Attracts Technical Bids from Four Developers

Solar Energy Corporation of India (SECI) has received bids totaling 1,200 MW capacity for setting up solar energy projects. The projects developed are to be connected with the interstate transmission ...
/ / Solar, Tenders & Auctions
SECI’s 1,200 MW Wind Tender Receives Bids Totaling 2,190 MW

Opposing PPA Reviews, Renewable Developers Move High Court Against Andhra DISCOM

After the state distribution company (DISCOM) issued letters to entities and developers to revise tariffs for solar and wind projects which already have power purchase and sale agreements (PPAs and ...
Renewable Developer ReNew Power Raises $300 Million Through Rights Issue

Renewable Developer ReNew Power Raises $300 Million Through Rights Issue

ReNew Power, the Indian renewable energy project developer, has announced raising $300 million through a rights issue. A rights issue is when a company issues its existing shareholders a right ...
India’s Solar Sector Attracts $2.8 Billion in Investments in Q1 2019

India’s Solar Sector Attracts $2.8 Billion in Investments in Q1 2019

In the first quarter (Q1) of the calendar year (CY) 2019, the Indian solar sector received investments totaling $2.8 billion (~₹195.4 billion), according to Mercom’s Q1 2019 India Solar Market ...
Rajasthan’s Bhadla Solar Park Sees Commissioning of 200 MW by Azure and ReNew

Rajasthan’s Bhadla Solar Park Sees Commissioning of 200 MW by Azure and ReNew

200 MW of grid-connected solar photovoltaic (PV) projects have been commissioned at Rajasthan’s Bhadla Phase-III Solar Park. The Solar Energy Corporation of India (SECI) had tendered 250 MW of grid-connected ...
/ / Markets & Policy, Solar
SECI Auctions 2 GW of ISTS-Connected Wind Projects to be Developed Across India

Gujarat Extends Bid Submission Deadline for its Tender for 1 GW of Wind Projects

The Gujarat Urja Vikas Nigam Limited (GUVNL) has extended the bid submission deadline for 1,000 MW of grid-connected wind power projects to be developed in the state (Phase II-R). The ...
/ / Other, Wind
Uttar Pradesh Approves ReNew Power’s Bid to Develop 100 MW of Floating Solar Projects

Uttar Pradesh Approves ReNew Power’s Bid to Develop 100 MW of Floating Solar Projects

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved the opening and finalization of bids for the development of 100 MW of floating solar photovoltaic (PV) projects in the state. The ...
/ / Floating Solar, Solar
Azure’s Petition before MERC Seeking Declaration of GST as Change in Law Dismissed

Investment in Indian Solar Sector Dips to $9.8 Billion in 2018

In 2018, investments in the Indian solar sector totaled approximately $9.8 billion compared to 2017, in which almost $11.5 billion flowed into the Indian solar sector.  2018 witnessed a decline ...
Suzlon Sells Two Solar Subsidiaries to ReNew Power for ₹297.3 Million

Suzlon Sells Two Solar Subsidiaries to ReNew Power for ₹297.3 Million

Suzlon Energy Limited (Suzlon) has announced that it will sell two of its solar subsidiaries to Ostro Energy, a wholly owned subsidiary of independent power producer, ReNew Power. The two ...
/ / Finance and M&A, Solar
ReNew Raises $375 Million Through Green Bond Issue

ReNew Raises $375 Million Through Green Bond Issue

Indian renewable energy independent power producer (IPP) ReNew Power Limited, has announced that it has successfully concluded a green bond issue of $375 million. Barclays (B&D), Goldman Sachs, HSBC, J.P ...
/ / Finance and M&A, Solar
Lowest Tariff of ₹2.55/kWh Wins SECI’s 1.2 GW ISTS Solar Auction

Lowest Tariff of ₹2.55/kWh Wins SECI’s 1.2 GW ISTS Solar Auction

ReNew Power has emerged as the L1 bidder by quoting the lowest tariff of ₹2.55 (~$0.035)/kWh to develop 300 MW in the recent auction conducted by the Solar Energy Corporation of ...
/ / Solar, Tenders & Auctions
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