Off-Grid Solar Solutions Provider Oorja Wins $100,000 for Installing Solar Pumps
Oorja Development Solutions has won the Cisco Global Problem Solver Challenge for its community solar pumping systems implemented in rural India through the pay-as-you-go (PAYGO) business models. The cash prize ...
Gross Tariff of ₹4.49/kWh to Apply for Solar PV Projects in Uttarakhand
The Uttarakhand Electricity Regulatory Commission (UERC) has issued benchmark tariffs and capital costs for solar power projects in the state. The commission had issued draft regulations in December 2018 and ...
Industry-Wide Consultation Necessary Before Launching a Plan for Transition to EVs: CII
The Confederation of Indian Industry (CII) has called stakeholders from across the transportation and renewable energy sectors for a consultation on the future of intelligent mobility in the country. CII ...
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 ...
Maharashtra to Renegotiate Tariffs for 1,170 MW of Auctioned Solar Projects
The Maharashtra Electricity Regulatory Commission (MERC) has ordered Maharashtra State Electricity Distribution Company Limited (MSEDCL) to renegotiate tariffs with solar developers for projects allocated to them. In this case, MSEDCL ...
Average Power Purchase Cost for Open Access Solar and Wind Projects Set At ₹3.60/kWh
The Central Electricity Regulatory Commission (CERC) has approved the new national average power purchase cost (APPC) of ₹3.60 (~$0.051)/kWh for open access for FY 2019-20. In May 2019, the CERC ...
ISA Invites Member Countries to Endorse Organizations for Developing Solar Projects
In a letter to member countries, the International Solar Alliance (ISA) has invited government owned/public sector companies which have an operating solar capacity greater than 250 MW to submit proposals ...
Maharashtra Commission Rejects Solar Power Developer’s Petition for GST Compensation
Independent solar power producer Azure Power’s petition to Maharashtra Electricity Regulatory Commission (MERC), requesting to order Maharashtra State Power Generation Company (MSGPCL or MAHAGENCO) to compensate the company for the ...
Greenko Raises $495 Million to Invest in 2.4 GW of Energy Storage Projects
General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA) have signed an agreement to invest $495 million as primary equity in Greenko Energy Holdings (Greenko), a renewable energy project ...
A Three-Member Consortium to Develop an 800 MW Hybrid Solar Project in Morocco
A consortium of EDF Renewables, Abu Dhabi Future Energy Company (Masdar) and Green of Africa has emerged as the winner of a tender for the design, financing, construction, operation, and ...
China Allocates $435 Million for Solar Project Subsidies in 2019
China’s National Energy Administration (NEA) has confirmed that it will allocate approximately RMB 3 billion ($435 million) for solar projects this year. This is the first time that the country ...
Suzlon Reduces its Net Loss by ₹1.75 Billion in Q4 of FY 2019
Wind turbine supplier and renewable energy developer Suzlon Energy Limited has announced its quarterly and annual results for the financial year (FY) 2019. The company reported that its consolidated net ...
MNRE Invites Preliminary Proposals for Gravity-Based Storage Project
The Ministry of New and Renewable Energy (MNRE) has issued invitations requesting proposals to develop gravity storage projects and also to utilize solar photovoltaic (PV) to produce hydrogen from seawater ...
Nigeria to Raise $41.5 Million Through its Second Green Bond Issue
The debt management office (DMO) of the federal government of Nigeria has announced that it is looking to execute a second green bond issuance - Series II Green Bonds amounting ...
New Operational Solar and Wind Assets Push Adani Green’s Revenue Up by 39% in FY2019
Adani Green Energy Limited (AGEL), the renewable energy arm of Adani Group, has announced its operational and financial performance for the financial year (FY) 2019 and the fourth quarter ending ...
African Development Bank to Provide $995,000 to Support Ethiopia’s Renewable Sector
Ethiopia’s quest to roll out a sustainable procurement framework for independent power producers has received a boost in the form of a grant of $995,000 made by the Sustainable Energy ...
India’s Solar Industry Reacts to Modi Government’s Win in Lok Sabha Elections 2019
Stakeholders in India’s renewable energy sector are upbeat about the Bhartiya Janata Party (BJP) coming back into power for a second term under the leadership of Prime Minister Narendra Modi ...
IEX Introduces Green Term Ahead Market, Invites Comments from Stakeholders
The Central Electricity Regulatory Commission (CERC) has ordered the Indian Energy Exchange (IEX) to give wide publicity to Green Term Ahead Market (GTAM) contracts by uploading it on its website ...
Solar, Wind Can Achieve Renewable Targets Without Damming the World’s Rivers: WWF Study
A study conducted by the World Wildlife Fund (WWF) and its partners demonstrates how with thousands of hydropower dams planned across the world, the ongoing renewable energy revolution can solve ...
Tata Power DISCOM Issues Tender for 100 MW of Non-Solar Power to Meet its RPO
Tata Power Delhi Distribution Limited (TPDDL) has issued a Request for Proposal (RfP) for the procurement of renewable power (non-solar) on a short-term power purchase agreement. The last date for ...
Renewables to be ‘Must Run’ in the Draft Tariff Guidelines for Goa, Union Territories
The Joint Electricity Regulatory Commission (JERC) for the state of Goa and union territories has issued draft regulations for determining tariffs from renewable sources including solar. The draft is up ...
APICORP Signs $75 Million Term Facility with Saudi-Based Renewable Developer Alfanar
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five-year Murabaha financing facility worth $75 million with Alfanar Company, a developer and engineering procurement ...
Siemens Gamesa Announces Order Booking of $12.25 Billion
Renewable energy developer and wind turbine manufacturer, Siemens Gamesa, has announced its financial results for the first half (October-March) and the second quarter (January-March) of fiscal year (FY) 2019. The ...
Solar Installations in the United States Hit 2 Million Mark: Report
Solar Energy Industries Association (SEIA) and energy research firm Wood Mackenzie have pegged the United State’s total solar installations at more than 2 million. The report added that the electricity ...
HERC Rejects Petition to Retain Exit Clause of a 36 MW Hydro Project
In a review petition, the Haryana Power Purchase Center (HPPC), had asked the Haryana Electricity Regulatory Commission (HERC) to review its order passed on March 8, 2019, in which it ...
