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 ...
India's Solar Installations Reach 40 GW Milestone

India’s Solar Installations Reach 40 GW Milestone

India's cumulative solar installations have hit the 40 GW milestone, according to Mercom India Research. As of February 2021, the country's total installations comprised 34.9 GW of utility-scale solar installations and ...
TCIL Invites Bids to Set Up 5 GW of Solar Projects Under CPSU Program by IREDA

TCIL Invites Bids to Set Up 5 GW of Solar Projects Under CPSU Program by IREDA

Telecommunications Consultants India Limited (TCIL) has floated an expression of interest (EoI) to select partners for setting up grid-connected solar projects in India under the Central Public Sector Undertaking (CPSU) ...
Chhattisgarh Releases Draft Renewable Purchase Obligations Regulations for 2021-2026

Chhattisgarh Releases Draft Renewable Purchase Obligations Regulations for 2021-2026

The Chhattisgarh State Electricity Regulatory Commission (CSERC) has issued a draft notification for the state’s renewable purchase obligation (RPO) and renewable energy certificates (REC) framework regulations for 2021-2026. The Chhattisgarh ...
Bidders Asked to Factor Basic Customs Duty for the 50 MW Solar with 10 MW Agro-PV Tender

Bidders Asked to Factor Basic Customs Duty for the 50 MW Solar with 10 MW Agro-PV Tender

The Solar Energy Corporation of India (SECI) has amended its tender for 50 MW of solar photovoltaic (PV) projects in Tamil Nadu, asking bidders to factor in the basic customs ...
Lowest Tariff of ₹2.77/kWh Quoted in SECI’s 1.2 GW Wind Auction

Lowest Tariff of ₹2.77/kWh Quoted in SECI’s 1.2 GW Wind Auction

Adani Renewable Energy, Ayana Renewable Power, Evergreen Power, and JSW Future Energy won 1.2 GW of wind power projects in the Solar Energy Corporation of India’s (SECI) auction to select ...
/ / Wind
Amazon To Set Up 62 MW of Ground-Mounted Solar Projects in Singapore

Amazon To Set Up 62 MW of Ground-Mounted Solar Projects in Singapore

U.S.-based e-commerce giant Amazon announced its plans to set up 62 MW of ground-mounted solar projects in Singapore. It expects to complete the project in 2022. It is expected to generate 80,000 ...
Haryana Budget Includes Solar Projects, Lights, Pumps, and EV Announcements

Haryana Budget Includes Solar Projects, Lights, Pumps, and EV Announcements

Haryana Chief Minister Manohar Lal announced the budget for 2021-22. Provisions were made to set up 93 MW of solar projects, among other renewable and e-mobility plans. The Haryana Power ...
Bids Invited to Connect Existing Non-Functional Solar Projects to Grid with Net Metering

Bids Invited to Connect Existing Non-Functional Solar Projects to Grid with Net Metering

The Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has issued a tender to connect and synchronize existing non-functional off-grid solar projects at state government institutions. Bidders must submit an earnest ...
Amendments Proposed to RPO Regulations for Captive Renewable Projects in Punjab

Amendments Proposed to RPO Regulations for Captive Renewable Projects in Punjab

The Punjab State Electricity Regulatory Commission (PSERC) has proposed to cap the renewable purchase obligations (RPO) for captive power projects. It has invited feedback from the industry on or before ...
REC Market Counting on RPO Compliance Deadline Extension Amidst Trading Halt

REC Market Counting on RPO Compliance Deadline Extension Amidst Trading Halt

As the power market awaits the end of an over seven-month halt in the trading of renewable energy certificates (REC), stakeholders remain hopeful of a deadline extension from their respective ...