India Generated 5.3 Billion Units of Solar Power in Q3 2017

India Generated 5.3 Billion Units of Solar Power in Q3 2017, a 91 Percent Increase YoY

Solar accounted for 5.3 billion units (BU) of electricity produced in India during the third quarter (Jul-Sep) of 2017, a 91 percent increase over the third quarter of 2016, according ...
/ Markets & Policy, Solar
india new power generation capacity

Solar and Wind Account for Over 60% of New Power Capacity Additions in India as of 9M 2017

Solar and Wind accounted for majority of new power capacity additions with renewable energy installations accounting for almost 19 percent of the country’s total installed power as of September 30, ...
/ Uncategorized
MERC Forecasting Scheduling Deviation Settlement

MERC to Come Out with Regulations for Forecasting and Deviation Settlement of Solar Generation

The Maharashtra Electricity Regulatory Commission (MERC) is preparing draft regulations for the forecasting, scheduling, and deviation settlement of solar and wind generation in the state. It noted that the process ...
/ Grid, Utilities
Renewable Energy Development

ISA and EBRD Enter Partnership to Support Renewable Energy Development

The International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) have signed a joint financial partnership declaration that deepens their cooperation in support of renewable energy ...
/ Markets & Policy, Solar
Green Initiatives and Railway Electrification

Indian Railways to Shift the Energy Mix Toward Renewable Sources

The International Conference on Green Initiatives and Railway Electrification has opened to a discourse on green initiatives, electrification, and decarbonization of the Indian Railways using renewable energy as a critical ...
/ Markets & Policy, Solar
ADB Approves Loan for Wind Project in Sri Lanka

ADB Approves $200 Million Loan for 100 MW Wind Project in Sri Lanka

The Asian Development Bank (ADB) has agreed to provide a $200 million loan with a sovereign guarantee to the Ceylon Electricity Board to develop the first 100 MW wind park ...
/ Other, Wind
IREDA Green Masala Bonds

IREDA Raises $300 Million through Green Masala Bonds

The Indian Renewable Energy Development Agency (IREDA) raised $300 million (~₹19.5 billion) through the issuance of Green Masala Bonds on the Singapore Exchange (SGX). The agency issued a five-year green ...
/ Finance and M&A, Solar
Reliance Money Secures Loan from IREDA for Renewable Energy Projects

Reliance Money Secures ₹3 Billion Loan from IREDA for Renewable Energy Projects

The Indian Renewable Energy Development Agency (IREDA) will provide loan to the tune of ₹3 billion (~$45.7 million) to Reliance Money, a brand by Reliance Commercial Finance Limited, a subsidiary ...
/ Finance and M&A, Solar
MNRE Issues Draft Technology

MNRE Issues Draft Technology Development and Innovation Policy for New and Renewable Energy

With the Indian renewable sector lacking new technology development, The Ministry of New and Renewable Energy (MNRE) has issued a draft Technology Development and Innovation Policy (TDIP) for New & ...
/ Markets & Policy, Solar
India Renewable Energy September 2017

India Renewable Energy News and Policy Roundup for September 2017

Several important renewable energy policies especially in solar were announced last month in India. Notable news was the Rewa payment guarantee announcement from Madhya Pradesh. State Agencies The Rajasthan Renewable ...
/ Markets & Policy, Solar
Tata Power Solar 2017 Earnings

Tata Power Solar Sales Jump 52 Percent, Profits Triple

Tata Power Solar said its net sales in fiscal year 2017 increased by 52 percent against the year‑earlier period to ₹2,262 crores. By comparison, net sales of ₹1,490 crores were ...
/ Finance and M&A, Solar
Saudi Arabia Renewable Energy

Saudi Arabia Could be a Significant Renewable Energy Market Going Forward

In the next six years, Saudi Arabia intends to produce 10 percent of its power from renewable sources of energy. The drive towards renewable energy is likely to see the ...
/ Other, Renewable Energy
SriLanka Renewable Energy

Sri Lanka to Reach 100 Percent Renewables by 2050

Sri Lanka can meet its current and future electricity demand through the use of renewable energy by 2050, according to a joint study by the UN Development Program (UNDP) and ...
/ Other, Renewable Energy
Sri Lanka

IFC Invests $100 Million in Sri Lanka’s Renewable Energy Sector

The International Finance Corporation (IFC), a World Bank Group member, will invest $100 million to boost financing for renewable energy projects in Sri Lanka. The IFC will collaborate with Sri ...
/ Other, Renewable Energy
Month in a Minute India Solar Update July

Important Data Points and Headlines from the Indian Renewable Energy Sector in July 2017

Several hydropower projects in India are witnessing significant overruns in both time and costs. Only 28 percent of the total hydropower potential in India - out of 148 GW has been developed ...
/ Other, Renewable Energy
solar project

Maharashtra Electricity Regulatory Commission Proposes Net Metering Changes for Rooftop Solar

The Maharashtra Electricity Regulatory Commission (MERC) has proposed changes to the Maharashtra Electricity Regulatory Commission, Net Metering for Roof-top Solar Photo Voltaic Systems Regulations, 2015. The new regulations will be ...
/ Markets & Policy, Solar
Policy Roundup

India Renewable Energy Policy Roundup: June 2017

Mercom’s renewable energy policy roundup from central, state and government agencies in India for the month of June 2017: The Central Electricity Regulatory Commission (CERC) issued a levelized generic tariff ...
/ Markets & Policy, Solar
Wind Power Installed in India FY2016-17

India Solar and Renewable Energy Policy Roundup: April 2017

Renewable energy policy roundup from central, state and government agencies in India for the month of April 2017: There are 27 member states and union territories now participating in the ...
/ Markets & Policy, Solar
SgurrEnergy Adani

India Generated 10.6 Billion Units of Solar Power in the 10-Month Period from April to January (FY 2016-17), an 85 Percent Increase Year-over-Year

India had an 85 percent increase in solar power generated year-over-year, with 10.6 billion units in the 10 month period from April to January (FY 2016-17). Solar accounted for 1.02 ...
/ Solar, Utility Scale
SolarEdge Expands into India with New offices in Bangalore

SolarEdge Expands into India with New offices in Bangalore

SolarEdge, a leader in PV inverters, power optimizers, and module-level monitoring services, opened its India office in Bangalore. SolarEdge is already active in the Indian PV market and is now ...
/ Uncategorized
renewable energy

70 Billion Units of Electricity Generated by Renewable Energy Sources in the 10-Month Period from April 2016 to January 2017

In the 10-month period from April 2016 to January 2017, in the current fiscal, 70.13 billion units of electricity were generated from renewable energy sources, stated Minister for Power Mr ...
/ Other, Renewable Energy
GST

India Generated 9.4 Billion Units of Solar Power in the Nine Month Period from April to December 2016, an 81% Increase Over the Same Period in 2015

Solar in India accounted for ~9,378 million units of electricity produced in the country during the nine-month period from April to December, 2016, an 81 percent increase over the same ...
/ Solar, Utility Scale
grid Integration

Renewable Energy Accounts for 16 Percent of India’s Energy Mix

Renewable energy generation in India continues to grow, accounting for ~16.10 percent of India’s energy mix. The country’s total installed power generation capacity is 315,369.08 MW with renewables accounting for ...
/ Other, Renewable Energy
Cumulative RE Installations

Cumulative Renewable Energy Installations Cross 50 GW in India

The share of renewable power in India’s energy mix continues to increase with cumulative installations now exceeding 50 GW. The solar sector is witnessing installations and project commissioning at a ...
/ Other, Renewable Energy
Month In A Minute

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in January 2017

Important Headlines and Data Points from the Indian Renewable Sector in January 2017 Solar Energy Corporation of India (SECI) released the list of successful developers for the 500 MW rooftop ...
/ Other, Renewable Energy