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<p>In the first ever wind auction in the country, Solar Energy Corporation of India has invited tenders to set up 1,000 MW of Inter-State Transmission System-connected wind power projects. (<a href="http://mercomcapital.com/seci-invites-tenders-to-set-up-1000-mw-of-interstate-transmission-system-connected-wind-projects" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>A total of 834 MW solar PV was tendered in India in the month of October. (<a href="https://mercomindia.com/834-mw-solar-projects-tendered-october-india/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>To set up 1,200 MW of solar projects across 60 taluks in Karnataka, the state government has asked distribution companies in the state to sign supplemental power purchase agreements with successful developers. (<a href="https://mercomindia.com/karnataka-discoms-sign-supplemental-ppas-developers/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>Greenko has finally completed the much-awaited acquisition of SunEdison’s 587 MW renewable energy projects. (<a href="https://mercomindia.com/greenko-completes-sunedison-india-acquisition/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>Solar canal bank and canal top projects are gathering steam in India, with 11 MW of such projects being commissioned. (<a href="https://mercomindia.com/11-mw-canal-bank-canal-top-solar-projects-commissioned-india/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>Cumulative solar installations in India have reached 8,728 MW as of the end of October 2016 with 1,965 MW commissioned in the current financial year. (<a href="https://mercomindia.com/1965-mw-solar-projects-commissioned-india-current-financial-year/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>Solar Energy Corporation of India, recently tendered 750 MW solar at Bhadla Solar Park in Rajasthan at a benchmark price of ₹ 3.93 (~$0.0590)/kWh. (<a href="https://mercomindia.com/seci-tenders-750-mw-solar-bhadla-solar-park-rajasthan-benchmark-tariff-rs-3-93-0-0590kwh/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>In Jharkhand, rooftop solar witnessed activity in November, Jharkhand Renewable Energy Development Agency tendered 5 MW of rooftop solar to be set up on government buildings. (<a href="https://mercomindia.com/jreda-tenders-5-mw-rooftop-solar/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>National Thermal Power Corporation will electrify 110 households in the Naiparam and Chatti Garilong districts of Jharkhand through solar energy. (<a href="https://mercomindia.com/ntpc-tenders-solar-electrify-110-households-jharkhand/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>To allay developers’ concerns in the state of Chhattisgarh, Chhattisgarh Renewable Energy Development Agency has asked rooftop solar developers to submit revised rates for project implementation of grid-connected projects in the state. (<a href="https://mercomindia.com/creda-invites-revised-rates-grid-connected-rooftop-solar-pv-projects-chhattisgarh/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>IL&amp;FS financial services raised $50 million (Rs. 3.4 billion) through rupee-denominated masala loan from overseas investors. (<a href="http://bit.ly/mercomgmsl" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>Grid-connected rooftop solar to gather momentum in India as the World Bank has approved a global environment facility grant of $22.93 million (~Rs.1.55 billion) to enhance the installed capacity of grid-connected rooftop solar PV in India. (<a href="https://mercomindia.com/world-bank-approves-22-93-million-grant-grid-connected-solar-rooftop/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>To set up green energy transmission corridor, Power Grid Corporation of India has sought a loan assistance amounting to $1 billion (~Rs.67.8 billion) from the Asian Development Bank. (<a href="https://mercomindia.com/pgcil-seeks-1-billion-loan-adb-set-green-energy-corridor/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>A total of Rs.670 million (~$9.88 million) has been approved for the solar cities program, out of which Rs. 241.6 million (~$3.56 million) has already been released. (<a href="https://mercomindia.com/rs-670-million-approved-solar-cities-program/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>In the first five months of the current financial year, Indian solar exports have grown by 66 percent year over year and imports have grown by 53 percent. (<a href="https://mercomindia.com/indian-solar-exports-grow-66-percent-yoy-imports-53-percent-first-five-months-fy-2016/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>The desired results of the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) on the power sector are yet to be witnessed. Till date only 16 states and one Union Territory have joined the program. (<a href="https://mercomindia.com/uday-program-yet-make-positive-difference-power-sector/" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>A loan portfolio guarantee of $75 million (~Rs.5.1 billion) has been announced by the U.S. Agency for International Development (USAID) and RBL Bank to lend to small and medium enterprises active in off-grid, rooftop solar and energy efficiency sectors in India. (<a href="http://bit.ly/mercombkrb" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>In a recently conducted rooftop solar auction for 500 MW, SECI saw tariffs as low as Rs.3 (~$0.04)/kWh. Projects have been awarded to 122 successful developers. (<a href="http://www.seci.gov.in/content/news_update/list-of-successful-bidders-for-500-mw-grid-connected-roof-top-solar-pv-systems.php" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>In a rooftop auction to develop 28.5 MW solar rooftop in the state of Uttarakhand, the Uttarakhand Renewable Energy Development Agency received technical bids aggregating 53 MW. (<a href="http://www.ureda.uk.gov.in/files/All_financial_List.pdf" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>A 5 MW canal bund project was commissioned in Andhra Pradesh on November 21. The project received a central government subsidy of 20 percent of the project cost. (<a href="http://bit.ly/mercomapcb" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p>In an auction of 500 MW grid-connected solar, Tamil Nadu Generation and Distribution Corporation received technical bids to develop only 117 MW solar. (<a href="http://bit.ly/mercomtgtr" target="_blank" rel="noopener noreferrer">read more</a>)</p>
<p><em>Image credit: Pixabay</em></p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/priya-sanjay/" class="vcard author" rel="author"><span class="fn">Priya Sanjay</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Priya-Sanjay-Managing-Director-Mercom-India-1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Priya Sanjay,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/priya-sanjay/" target="_blank" rel="noopener">More articles from Priya Sanjay.</a></p>
</div>
<div class="authorboxn">
<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Priya-Sanjay-Managing-Director-Mercom-India-1.jpg" alt="Wendy Prabhu" />Priya currently serves as the Publisher for MercomIndia.com. With more than a decade of experience working in corporate communications, research, and policy, Priya has deep roots in the Indian energy markets and is regularly in touch with policy makers and industry leaders. Priya received her bachelor’s degree from Vidya Vardhaka College of Arts in Bangalore, India for Political Science and Economics and completed her MBA from Bangalore University. <a href="https://mercomindia.com/author/priya-sanjay/">More articles from Priya Sanjay.</a></div>
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Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in November 2016

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