ADB to Provide $44.76 Million Grant to Develop 20 MW of Grid-Connected Solar in Afghanistan
The Asian Development Bank (ADB) has agreed to provide a $44.76 million (~₹2.88 billion) grant to help develop 20 MW of grid-connected solar in Afghanistan. The grant was approved by ...
MNRE to Tender 17 GW of Solar and Over 3.5 GW of Wind Projects by March 2018
Following a recent lull in tender activity, the Ministry of New and Renewable Energy (MNRE) is preparing to announce a spate of tenders for solar projects in the coming four ...
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 ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 & ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
