Gujarat’s Largest Rooftop Solar Tender Has an Earnest Money Deposit Problem

Gujarat’s Largest Rooftop Solar Tender Has an Earnest Money Deposit Problem

Madhya Gujarat Vij Company Limited’s (MGVCL’s) empanelment tender, one of Gujarat’s largest, to install 1 GW of residential rooftop solar systems in urban and rural areas has hit a roadblock ...
Daily News Wrap-Up: KERC Condones Delay in Commissioning 3 MW Solar Project in VijayaPura

Daily News Wrap-Up: KERC Condones Delay in Commissioning 3 MW Solar Project in Karnataka

Here are some noteworthy cleantech announcements of the day from around the world: Karnataka Electricity Regulatory Commission (KERC) has condoned the delay in commissioning a 3 MW solar project by ...
/ / Other, Renewable Energy
CERC Proposes Changes to the Renewable Energy Certificates Mechanism

CERC Proposes Changes to the Renewable Energy Certificates Mechanism

Central Electricity Regulatory Commission (CERC) has recently published draft regulations for renewable energy certificates according to which renewable generators, captive power projects, distribution companies (DISCOMs), and open access consumers will ...
/ / Other, Renewable Energy
Bids Invited to Develop Interstate Transmission System to Evacuate 40 GW of Renewables

Bids Invited to Develop Interstate Transmission System to Evacuate 40 GW of Renewables

PFC Consulting, a wholly-owned subsidiary of Power Finance Corporation (PFC), has invited bids to develop an interstate transmission system (ISTS) to evacuate 20 GW of power from the renewable energy ...
/ / Grid, T&D
No Compensation for Over Injection of Wind and Solar Power Under Draft DSM Rules

No Compensation for Over Injection of Wind and Solar Power Under Draft DSM Rules

Renewable project developers are wading through multiple challenges in integrating power to the grid efficiently on time. With India setting a target to install a non-fossil energy capacity of 500 ...
Rajasthan DISCOMs Allowed Time Until FY 2024 to Clear RPO Backlog of 11,454 MU

Rajasthan DISCOMs Allowed Time Until FY 2024 to Clear RPO Backlog of 11,454 MU

The Rajasthan Electricity Regulatory Commission (RERC) recently allowed the state distribution companies (DISCOMs) to carry forward the renewable purchase obligation (RPO) shortfall from the financial year (FY) 2011-12 to FY ...
/ / Other, Renewable Energy
Project Finance Brief NextEra to Sell 50% Stake in 2.5 GW US Renewable Portfolio

Project Finance Brief: NextEra to Sell 50% Stake in 2.5 GW US Renewable Portfolio

From: Mercom Capital Group NextEra Energy, through its subsidiary NextEra Energy Resources, has entered into an agreement to sell a 50% non-controlling interest in an approximately 2,520 MW long-term contracted ...
/ / Finance and M&A, Other
Solar energy projects to be developed in the habitats of the Great Indian Bustard and Lesser Florican in Rajasthan and Gujarat have been stranded awaiting the decision from the Supreme Court.

Solar Projects in Rajasthan Stranded, Awaiting Supreme Court Order on Great Indian Bustard

Solar energy projects to be developed in the habitats of the Great Indian Bustard and Lesser Florican in Rajasthan and Gujarat have been stranded awaiting the decision from the Supreme ...
/ / Mercom Research Focus, Other
Jindal Steel Invites Bids to Procure Up to 224 MW of Renewable Power through Open Access

Jindal Steel Invites Bids to Procure Up to 224 MW of Renewable Power through Open Access

Jindal Steel, Jajpur has invited bids to procure a maximum of 224 MW of renewable power (solar and non-solar) for interstate or intrastate trading to meet its additional power requirements ...
/ / Solar, Tenders & Auctions
Torrent Power's Revenue Jumps 17% YoY to ₹36.48 Billion in Q2 FY 2021

Torrent Power’s Revenue Jumps 17% YoY to ₹36.48 Billion in Q2 FY 2021

Gujarat-based power generator Torrent Power has recorded a revenue of ₹36.48 billion (~$487.55 million) in the second quarter (Q2) of the financial year (FY) 2022, a 17% year-over-year (YoY) growth from ...
/ / Finance and M&A, Other
CERC Approves Introduction of Green Day Ahead Contracts on Energy Exchanges

CERC Approves Introduction of Green Day Ahead Contracts on Energy Exchanges

The Central Electricity Regulatory Commission (CERC), in a recent order, approved the introduction of the Green Day Ahead Contract (GDAC) at the Indian Energy Exchange (IEX) and the Power Exchange ...
/ / Markets & Policy, Solar
REC Invites Bids for Transmission Systems to Evacuate 3.5 GW of Renewable Power

REC Invites Bids for Transmission Systems to Evacuate 3.5 GW of Renewable Power

REC Power Development and Consultancy Limited (RECPDCL) has floated two tenders to establish transmission systems for renewable power evacuation in the Rajgarh district of Madhya Pradesh and Gadag district of ...
/ / Grid, Market & Policy
Chile Announces the Lowest Bid of $0.01332kWh in its Renewable Energy Auction

Chile Announces the Lowest Bid of $0.01332/kWh in its Renewable Energy Auction

The National Energy Commission of Chile (CNE) has announced the list of bidders for the procurement of 2.31 TWh/year of renewable energy. The lowest bid submitted was $0.01332 (~₹0.98)/kWh, with ...
/ / Other, Renewable Energy
Project Finance Brief Soltage Raises $130 Million in Debt Financing for Solar Projects

Project Finance Brief: Soltage Raises $130 Million in Debt Financing for Solar Projects

From: Mercom Capital Group Soltage, an independent renewable power producer, raised a $130 million debt facility led by Silicon Valley Bank. The investment will finance a 110 MW national portfolio ...
/ / Finance and M&A, Other
Adani Electricity Allowed to Tender 500 MW of Renewables Bundled with Conventional Power

Adani Electricity Allowed to Tender 500 MW of Renewables Bundled with Conventional Power

The Maharashtra Electricity Regulatory Commission (MERC), in a recent order, ruled in favor of Adani Electricity Mumbai and allowed it to initiate the process to procure power up to 500 ...
Renewable Projects Under Construction Get 75-Day Extension Amid Covid-19 Crisis

Renewable Projects Under Construction Get 75-Day Extension Amid Covid-19 Crisis

In a move to provide the much-needed relief to renewable developers amid the second surge of Covid-19 pandemic, the Ministry of New and Renewable Energy (MNRE), in its latest notification, ...
Generator's Tariff Approval Request for a 25 MW Geothermal Project Rejected

Generator’s Tariff Approval Request for a 25 MW Geothermal Project Rejected

The Telangana State Electricity Regulatory Commission (TSERC), in a recent order, rejected a geothermal generator's plea for tariff approval to supply electricity from a 25 MW geothermal project stating it ...
/ / Other, Other Energy
MERC Unscheduled Power from Captive Biomass Project Not Considered for RPO

MERC: Unscheduled Power from Captive Biomass Project Not Considered for RPO

The Maharashtra Electricity Regulatory Commission (MERC), in a recent order, has rejected the plea of BILT Graphic Paper Products to offset the renewable purchase obligation (RPO) for its Bhigwan unit ...
/ / Biofuel, Other
Electricity Regulators Suggest Measures to Reduce Retail Power Tariff

Electricity Regulators Suggest Measures to Reduce Retail Power Tariff

In a recent meeting, the Forum of Regulators discussed factors affecting the cost of power and stressed the need to analyze and evolve measures to reduce or contain the retail ...
SECI Pays ₹4.33 Billion to Solar, Wind Generators in March for Power Purchase

SECI Pays ₹4.33 Billion to Solar, Wind Generators in March for Power Purchase

The Solar Energy Corporation of India (SECI) paid nearly ₹4.33 billion (~$58.99 million) to solar and wind developers for the power it purchased in March 2021, as per the data ...
Meghalaya Issues Tenders to Empanel Installers of Renewable Energy Projects

Meghalaya Issues Tenders to Empanel Installers of Renewable Energy Projects

The Government of Meghalaya has invited bids to empanel firms for the design, engineering, and installation of hydro, solar, wind, and biomass projects in the state. The projects will be ...
Solar Generation in Q1 2021 Up by 23% from the Previous Quarter

Solar Generation in Q1 2021 Up by 23% from the Previous Quarter

In the first quarter (Q1) of the calendar year (CY) 2021, the country generated about 17.5 BU of solar power compared to 14.2 BU in the previous quarter. The data ...
DISCOMs’ Outstanding Payments to Renewable Generators Cross ₹123 Billion in February

DISCOMs’ Outstanding Payments to Renewable Generators Cross ₹123 Billion in February

Distribution companies (DISCOMs) owed ₹123.45 billion (~$1.68 billion) to renewable energy generators (excluding disputed amounts) in overdue payments across 206 pending invoices at the end of February 2021, according to ...
/ / Grid, Market & Policy
MNRE: No Commissioning Date Extension Beyond Six Months for Renewable Energy Projects

MNRE: No Commissioning Date Extension Beyond Six Months for Renewable Energy Projects

The Ministry of New and Renewable Energy (MNRE) has clarified that the extension provided by implementing agencies on account of the Covid-19 pandemic should in no case be more than ...
/ / Other, Renewable Energy
Defer Bids Until Power Sale Agreements Backlog is Cleared – Solar Developers to Minister

Defer Bids Until Power Sale Agreements Backlog is Cleared – Solar Developers to Minister

The Solar Power Developers Association (SPDA) has written to Union Power Minister R.K. Singh asking to stop new auction activity for solar projects until the backlog of power sale agreements ...