Trading of Renewable Energy Certificates Stands Postponed by Four Weeks

Trading of Renewable Energy Certificates Stands Postponed by Four Weeks

The Appellate Tribunal for Electricity (APTEL) has issued an order postponing the trading of renewable energy certificates (RECs) scheduled for July 29 by four weeks. If the validity of any ...
Solar’s Share in India’s Installed Power Capacity Mix Inched Up to 9.9% During Q2 2020

Solar’s Share in India’s Installed Power Capacity Mix Inched Up to 9.9% During Q2 2020

Renewable energy’s share (including large hydro projects) inched up to 36.3% during the second quarter of 2020 (Q2 2020), up about 0.1% from the previous quarter, according to the data ...
APICORP Commits $50 Million Credit Facility to UAE-Based Rooftop Solar Develop SirajPower

APICORP Commits $50 Million Credit Facility to UAE-Based Rooftop Solar Develop SirajPower

The Arab Petroleum Investment Corporation (APICORP) announced that it would provide a $50 million credit facility to SirajPower, a UAE-based distributed solar developer, to expand its portfolio in the Middle ...
/ / Finance and M&A, Solar
Taiwan’s URE Sells its Solar Manufacturing Unit for $35.3 Million

Taiwan’s URE Sells its Solar Manufacturing Unit for $35.3 Million

United Renewable Energy (URE), a Taiwan-based solar cell and module maker, announced its plans to sell one of its manufacturing units in the country to consolidate its production efforts. It ...
NTPC Floats Tender to Acquire 1 GW of Operational Solar Projects in India

NTPC Floats Tender to Acquire 1 GW of Operational Solar Projects in India

NTPC Limited has floated a request for proposal (RfS) to acquire 1 GW of operational solar projects across India. Interested bidders are expected to submit an earnest money deposit (EMD) ...
/ / Solar, Tenders & Auctions
CERC Orders Issue of RECs to Renewable Developer That Was Denied Due to Procedural Delays

CERC Orders Issue of RECs to Renewable Developer That Was Denied Due to Procedural Delays

The Central Electricity Regulatory Commission (CERC) has directed the National Load Despatch Center (NLDC) to issue renewable energy certificates (RECs) due to a renewable generator. The certificates were not issued ...
Malaysia's PETRONAS Decides to Invest in a Rooftop Solar Startup

Malaysia’s PETRONAS Decides to Invest in a Rooftop Solar Startup

PETRONAS, Malaysia's state-owned gas and oil company, signed an agreement to invest in SOLS Energy Sdn Bhd, a solar energy startup. The investment will help provide renewable energy to residential ...
/ / Finance and M&A, Solar
Tata Power Green Receives Letter of Award fora 225 MW Solar-Wind Hybrid Project

Tata Power Green Receives Letter of Award for a 225 MW Solar-Wind Hybrid Project

Tata Power announced that its wholly-owned subsidiary, Tata Power Green Energy Limited (TPGEL), received a letter of award (LoA) to develop a 225 MW hybrid renewable power project. The LoA ...
/ / Solar, Utility Scale
ReNew Power to Set Up 2 GW Solar Cell and Module Manufacturing Facility in India

ReNew Power to Set Up 2 GW Solar Cell and Module Manufacturing Facility in India

ReNew Power, an Indian independent power producer (IPP), has announced its plans to invest between ₹15 billion (~$200 million)-₹20 billion (~$266.7 million) to set up a 2 GW solar cell ...
NTPC and NIIF Sign Pact to Attract Investment for India’s Renewable Sector

NTPC and NIIF Sign Pact to Attract Investment for India’s Renewable Sector

NTPC Limited said it entered into a memorandum of understating (MoU) with the National Investment and Infrastructure Fund (NIIF) to explore new opportunities for investment in areas of power distribution ...
/ / Other, Renewable Energy
SECI Announces Tender for 1,070 MW of Solar Projects in Rajasthan

SECI Announces Tender for 1,070 MW of Solar Projects in Rajasthan

The Solar Energy Corporation of India (SECI) has issued a request for selection to set up 1,070 MW of grid-connected solar projects in Rajasthan (Tranche-III). Interested bidders are expected to ...
UK’s Oil Giant bp to Invest $70 Million in India’s Green Growth Equity Fund

UK’s Oil Giant BP to Invest $70 Million in India’s Green Growth Equity Fund

United Kingdom-based oil giant BP announced its plans to invest $70 million (~$5.22 billion) in India’s Green Growth Equity Fund (GGEF), which aims at promoting zero carbon and low carbon energy ...
ANERT Floats a DCR Tender for 6 MW of Solar Projects in Kerala

ANERT Floats a DCR Tender for 6 MW of Solar Projects in Kerala

The Agency for New and Renewable Energy Research and Technology (ANERT) has issued a request for selection (RfS) for 6 MW of grid-connected ground-mounted solar systems in Palakkad, Kerala. The ...
In FY 2020, 44.3% of Infosys’ Electricity Came From Renewable Sources_ Interview

In FY 2020, 44.3% of Infosys’ Electricity Came From Renewable Sources: Interview

Infosys, an Indian information technology company, recently signed up for 'The Climate Pledge,' committing to achieve net-zero carbon emissions across its businesses by 2040, making it the first Indian company ...
Enel Green Power Partners with Norfund to Set up Renewable Projects in India

Enel Green Power Partners with Norfund to Set up Renewable Projects in India

Italian renewable energy company Enel Green Power (EGP) announced that it has entered into a long-term, joint investment partnership with Norwegian private equity fund Norfund to set up renewable energy ...
SECI’s 2 GW Solar Auction Gets India a New Record-Low Tariff of ₹2.36_kWh

SECI’s 2 GW Solar Auction Gets India a New Record-Low Tariff of ₹2.36/kWh

The Solar Energy Corporation of India's (SECI) latest auction saw a record low bid of ₹2.36 (~$0.0313)/kWh. The auction was conducted for 2 GW of the interstate transmission system (ISTS) ...
Tata Power Set to Develop 100 MW of Solar Projects in Maharashtra

Tata Power Set to Develop 100 MW of Solar Projects in Maharashtra

Tata Power announced that its subsidiary, Tata Power Renewable Energy Limited (TPREL), has received a letter of award (LoA) to develop 100 MW of solar projects in Maharashtra. The projects ...
SunEdison Restructures Its Rooftop Solar Business

SunEdison Restructures Its Rooftop Solar Business

SunEdison Infrastructure Limited, a Chennai-based renewable energy company, has entered into a framework agreement to restructure and transfer under-construction commercial and industrial (C&I) and other businesses of the company to ...
/ / Rooftop, Solar
MNRE to Set Up a Project Development Cell to Attract Investment in Renewables

MNRE to Set Up a Project Development Cell to Attract Investment in Renewables

The Ministry of New and Renewable Energy (MNRE) has issued an order for setting up a Project Development Cell (PDC) within the Ministry as per the central government’s specifications. The ...
Supreme Court Dismisses Appeal for Stay Order on CERC’s Proposal to Revise REC Prices

Supreme Court Dismisses Appeal for Stay Order on CERC’s Proposal to Revise REC Prices

The Supreme Court of India has dismissed an appeal by the Green Energy Association (GEA) seeking a stay order on the Central Electricity Regulatory Commission’s (CERC) order to reduce the ...
Winners in the Rajasthan Electronics and Instruments’ 50 MW Rooftop Solar Tender

Winners in the Rajasthan Electronics and Instruments’ 50 MW Rooftop Solar Tender

The Rajasthan Electronics and Instruments Limited (REIL) has released a list of the lowest bidders (L1) for its tender to develop 50 MW of rooftop solar projects across the country ...
Haryana Announces Tender for LED-Based Solar Home Systems

Haryana Announces Tender for LED-Based Solar Home Systems

The state of Haryana has issued a tender for the supply of 20,938 LED-based solar home systems for Anganwadi centers in the state. Anganwadi centers are government funded rural childcare ...
India and Denmark Sign Pact to Work Towards Renewable Capacity Expansion

India and Denmark Sign Pact to Work Towards Renewable Capacity Expansion

The Danish Energy Agency has announced that India’s Ministry of Power (MoP) and the Danish Ministry of Climate, Energy, and Utilities, have signed a memorandum of understanding (MoU) to help India work ...
Maharashtra Approves Amended Energy Purchase Agreement for Two Wind Projects

Maharashtra Approves Amended Energy Purchase Agreement for Two Wind Projects

The Maharashtra Electricity Regulatory Commission (MERC) has approved the extension of an amended energy purchase agreement (EPA) between Tata Power Company Limited- Distribution (TPC-D) and its wind energy business Tata ...
/ / Wind
IREDA Has Set Aside ₹100 Billion to Indian Renewable Energy Sector in 2020

IREDA Has Set Aside ₹100 Billion for Renewable Energy Projects in 2020

Mercom India hosted a webinar on key trends shaping the Indian solar market based on its recently released India Solar Market Update report for the first quarter of 2020. The ...