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 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 ...
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 ...
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 ...
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
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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
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 ...
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 ...
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
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
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
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
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 ...
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 ...
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 ...
