India Installs 8.3 GW of Solar in 2018

India Installs 8.3 GW of Solar in 2018

The Indian solar market installed 8,263 MW in 2018, down 15.5 percent compared to 9,782 MW in 2017 as the safeguard duty, GST issues, and land and transmission issues took ...
Budget 2019 Fails to Meet Renewable Industry’s Expectations Yet Again

Budget 2019 Fails to Meet Renewable Industry’s Expectations Yet Again

The interim Budget 2019 was announced on February 1, 2019 by the interim Finance Minister Piyush Goyal. Like the previous two years, this year’s Budget also appears to have failed ...
/ / Markets & Policy, Solar
Tata Power’s Renewables Business Profit Jumps to ₹720 million in Q3 FY2018

Tata Power’s Renewable Energy Business Witnesses an Uptick of 9% YoY in Q3 FY19

Tata Power has reported a consolidated profit after tax (PAT) of ₹2,050 million (~$28.9 million) in the third quarter of FY 2018-19. When compared to the consolidated PAT in Q3 2017-18, ...
/ / Markets & Policy, Solar
: Wind, Reverse Auctions, PPA, SECI, ISTS

CERC Proposes Generic Tariffs for Renewable Energy Sources for FY 2019-20

The Central Electricity Regulatory Commission (CERC) has proposed a set of levelized generic tariffs for the purchase of electricity from a host of renewable energy generation sources during financial year (FY) 2019-20 ...
/ / Other, Renewable Energy
More Project Commissioning Delay Cases in Telangana Ruled in Favor of Project Developers

Cabinet Gives In-Principle Approval to REC Ltd’s Takeover by Power Finance Corporation

The Indian government’s Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the takeover of REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise, by the ...
/ / Finance and M&A, Other
RE100 Member Companies to Source 100% Electricity from Renewables By 2026: Report

RE100 Member Companies to Source 100% Electricity from Renewables By 2026: Report

According to a new report published by RE100, its member companies sourced 72 TWh of renewable power in 2017, an increase of 41 percent compared with the preceding year. RE ...
/ / Other, Renewable Energy
Renewables Help Tata Power Increase Its Consolidated Profit After Tax by 85% in Q2 FY19

Renewables Help Tata Power Increase Its Consolidated Profit After Tax by 85% in Q2 FY19

Tata Power’s Q2 FY19 consolidated profit after tax (PAT) was up 85 percent at ₹3.93 billion (~$53.53 million) as compared to ₹2.13 billion (~$29.01 million) in the previous year. Standalone ...
/ / Markets & Policy, Solar
IREDA Announces Gross Income of ₹17.8 Billion in FY 2017-18

IREDA Announces Gross Income of ₹17.8 Billion in FY 2017-18

The Indian Renewable Energy Development Agency (IREDA) has posted gross income worth ₹17.8 billion (~$0.24 billion) in financial year (FY) 2017-18. This is an approximate growth of 20 percent over ...
/ / Markets & Policy, Solar
USTDA Awards Grant to Study Advanced Energy Storage Technologies in Vietnam

USTDA Awards Grant to Study Advanced Energy Storage Technologies in Vietnam

The United States Trade and Development Agency (USTDA) has awarded a grant to Vietnam Electricity (EVN), Vietnam’s state-owned power company, to examine the feasibility of deploying advanced energy storage technologies ...
/ / Markets & Policy, Solar
Ministry of Power Issues Revised Proposal for Amendments to the Electricity Act

Ministry of Power Issues Revised Proposal for Amendments to the Electricity Act

The Ministry of Power has issued a revised proposal for amendments to the Electricity Act 2003. The revised proposal is open for comments up to October 22, 2018. In the ...
/ / Grid, Market & Policy
Investments into Renewables in India Surpassed Fossil-Fuels in 2017: IEA

Investments into Renewables in India Surpassed Fossil-Fuels in 2017: IEA

Investment into India’s renewable energy sector were more than the investments made in the conventional energy (fossil-fuel based) projects in 2017. This milestone was the first of its kind, according ...
India To Provide $20 million Funding to Suriname for Development of Solar

India To Provide $20 Million Concessional Funding to Suriname for Development of Solar

India will partner with Suriname, a South American country, for cooperation in the field of renewable energy. The President of India, Ram Nath Kovind, announced the upcoming partnership between the ...
/ / Markets & Policy, Solar
Solar Auctions Saw Record Low Bids Globally in 2017: REN21 Report

Solar Auctions Saw Record Low Bids Globally in 2017: REN21 Report

Solar PV auctions around the world in 2017 resulted in bids at new record lows, noted the annual Renewables Global Status Report (GSR) released by Renewable Energy Policy Network for ...
Minister of Power: India Could Install Over 225 GW of Renewables by 2022

Minister of Power: India Could Install Over 225 GW of Renewables by 2022

The Minister for Power, R. K. Singh made a surprising statement today, saying that “India may cross 225 GW of installed renewable energy capacity by 2022.” Minister of Power and ...
has signed a mandate with the government of Uzbekistan to increase its renewable power capacity and encourage private sector investment in Uzbekistan’s renewable energy sector.

IFC Signs Mandate to Foster Uzbekistan’s Renewable Energy Expansion

The International Finance Corporation (IFC), a member of the World Bank Group, has signed a mandate with the government of Uzbekistan to increase its renewable power capacity and encourage private ...
India and France Sign MoU for the Expansion of Renewable Energy

India and France Sign MoU for Expansion of Renewable Energy

India has signed a Memorandum of Understanding (MoU) with France to cooperate in the field of renewable energy. Through the signed MoU, the two countries will work to establish a ...
Renewables a Significant Contributor to Tata Power’s Annual Profit of ₹26.79B for FY 2017-18

Renewables a Significant Contributor to Tata Power’s Annual Profit of ₹26.79B for FY 2017-18

Tata Power’s annual consolidated profit after tax (PAT) stood at ₹26.79 billion (~$401.48 million), up 144 percent when compared with the previous year, the company announced recently. Tata Power’s underlying ...
Ministry of Power Addresses Pass Through, Open Access in Amendments to Tariff Policy

Lack of Transmission Capacity a Growing Concern for Solar and Wind Companies

With more than 66 GW of renewable energy capacity connected to India’s national grid, the country’s renewable industry continues to grow at a fast pace but the transmission infrastructure needed ...
IDFC Alternatives to Sell Infrastructure Asset Management Business to GIP India

IDFC Alternatives to Sell Infrastructure Asset Management Business to GIP India

IDFC Alternatives Limited, a wholly-owned step down subsidiary of IDFC Limited, has entered an agreement with investment firm Global Infrastructure Partners (GIP) India for the sale of its infrastructure asset ...
India’s Solar Industry Reacts to Modi Government’s Win in Lok Sabha Elections 2019

India Enters Bilateral Agreements with Morocco and Guyana to Grow Renewables

India has signed two Memoranda of Understanding (MoU) with Morocco and Guyana under which the participant countries have agreed to cooperate for the expansion of renewable energy. These bilateral agreements ...
/ / Other, Renewable Energy
Lightsource BP and Everstone Group Form Joint Venture for Green Infrastructure in India

Lightsource BP and Everstone Group Form Joint Venture for Green Infrastructure in India

Lightsource BP, a global renewable energy development firm, and investment firm Everstone Group have teamed up to create a major fund management platform called EverSource Capital for the development of ...
/ / Finance and M&A, Solar
Green Energy Corridor is Underfunded, Says Standing Committee on Energy

Green Energy Corridor is Underfunded, Says Standing Committee on Energy

The Standing Committee on Energy has said that more funding is needed if India is going to install enough physical transmission infrastructure to meet its ambitious timeline for creating a ...
CERC Issues Generic Tariffs for Select Renewables in FY 2018-19

CERC Issues Generic Tariffs for Select Renewables in FY 2018-19

The Central Electricity Regulatory Commission (CERC) has issued a set of levelized generic tariffs for the purchase of electricity from a host of renewable power generation sources during financial year ...
Togo Receives $4 Million in Funding to Boost Energy Access Across the Country

Togo Receives $4 Million in Funding to Boost Energy Access Across the Country

The African country of Togo has received a significant boost in the form of $4 million in funding to further the development an energy access drive dubbed the Cizo initiative ...
Tata Power’s Renewables Business Profit Jumps to ₹720 million in Q3 FY2018

Tata Power’s Renewables Business Profit Jumps to ₹720 Million in Q3 FY2018

Tata Power reported Q3 consolidated net profit of ₹6.12 billion (~$95.32 million), slightly below compared to the same quarter last year of ₹6.19 billion (~$96.41 million). Underlying earnings before interest, ...
/ / Markets & Policy, Solar