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
Quick Recap of Major Developments in India’s Renewable Energy Sector in January 2018

Quick Recap of Major Developments in India’s Renewable Energy Sector in January 2018

The first month of 2018 kickstarted the year with a flood of activity in India’s renewable energy sector, with a series of announcements by government agencies and industry players alike ...
Budget 2018-19: A Damp Squib for India’s Renewable Energy Sector

Budget 2018-19: A Disappointing Budget for Solar and Renewable Energy Sector

The much-anticipated Union Budget 2018-19 was tabled in parliament on 1 February 2018 by Finance Minister Arun Jaitley. However, the new budget for the coming financial year has, in most ...
/ / Markets & Policy, Solar
PFC Provides ₹13.5 Billion in Financial Aid to Bihar for Transmission Line Project

PFC Provides ₹13.5 Billion in Financial Aid to Bihar for Transmission Line Project

The Power Finance Corp (PFC), a government of India enterprise, has approved a financial aid of ₹13.5 billion (~$212 million) to Bihar for a transmission line project. The aid has ...
/ / Grid, Utilities
Solar Was the Top Source of New Power Capacity Addition in 2017

Solar Was the Top Source of New Power Capacity Addition in 2017 For the First Time in India

Solar was the leading source of new power capacity additions in the calendar year 2017 with installed capacity of approximately 9.5 GW accounting for 45 percent of total power capacity ...
December 2017 Wrap-up_ New Developments in India’s Solar and Renewable Energy Sector

December 2017 Wrap-up: New Developments in India’s Solar and Renewable Energy Sector

A rundown of notable news covering everything from auctions and deals to tax developments from the month of December December proved to be a crucial month for India’s renewable energy ...
/ / Markets & Policy, Solar
IREDA Files IPO papers with SEBI

IREDA Files IPO Papers with SEBI

Proceeding with its plan of launching an Initial Public Offering (IPO), the Indian Renewable Energy Development Agency (IREDA) has filed a draft red herring prospectus with the Securities and Exchange ...
/ / Finance and M&A, Solar
Madhya Pradesh Retains Must-Run Status for Solar and Wind

Madhya Pradesh Retains Must-Run Status for Solar and Wind

By keeping the must-run status Madhya Pradesh is sending a positive signal to developers and the investment community The Madhya Pradesh Electricity Regulatory Commission (MPERC) has kept the must-run status ...
/ / Markets & Policy, Solar
india new power generation capacity

Solar and Wind Account for Over 60% of New Power Capacity Additions in India as of 9M 2017

Solar and Wind accounted for majority of new power capacity additions with renewable energy installations accounting for almost 19 percent of the country’s total installed power as of September 30, ...
/ / Uncategorized
Profits for Tata Powers Renewables Business Rise 200 Percent in Q2 FY 2017-18

Profits for Tata Power’s Renewables Business Rise 200 Percent in Q2 FY 2017-18

Tata Power reported a strong all-round performance in the first half (H1) of financial year 2017-18 (FY18). The company’s underlying consolidated business earnings before interest, tax, depreciation, and amortization (EBITDA) ...
/ / Markets & Policy, Solar
SECI Issues Tender to Facilitate Interstate Solar and Wind Power Trading

SECI Issues Tender to Facilitate Interstate Solar and Wind Power Trading

The Solar Energy Corporation of India (SECI) has invited trading licensees to participate in a tender for providing support services to facilitate the trading of power at SECI, New Delhi ...
/ / Solar, Tenders & Auctions
Power Ministry to Amend Laws Making PPAs & RPOs Mandatory

Power Ministry to Amend Laws Making PPAs & RPOs Mandatory

The Indian government is expected to soon amend laws making obligations under power purchase agreements (PPA) statutory binding, to ensure that all power distribution companies (DISCOMs) have PPAs to cover ...
/ / Markets & Policy, Solar
Indonesia ADB Loan Energy Sector

ADB to Provide $1.1 Billion Loan to Strengthen Indonesia’s Energy Sector

The Asian Development Bank (ADB) will provide $1.1 billion in loan to Indonesia to diversify and strengthen its energy sector. According to an ADB release, “The Board of Directors today ...
/ / Grid, Utilities
RREC REC Mechanism Renewable Projects

Rajasthan Renewable Energy Corporation Suspends Approval of Renewable Energy Projects Under REC Mechanism

The Rajasthan Renewable Energy Corporation Limited (RRECL) has suspended the approval of all renewable energy (wind, solar) projects under the REC Mechanism in Rajasthan. The RRECL has issued the order ...
/ / Markets & Policy, Solar
Month in a Minute

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Energy Sector in August 2017

IDFC Alternatives’ India Infrastructure Fund II (IIF II), through its wholly-owned subsidiary Vector Green Energy, has entered into definitive agreements with First Solar Power India and its affiliates to acquire ...
/ / Other, Renewable Energy
Govt. of India NTPC 5% Stake

Investors Get to Participate in India Solar Story with Government Sale of 5 Percent Stake in NTPC

The Government of India is selling a five percent stake in the National Thermal Power Corporation (NTPC), a state-owned public utility, and the largest power utility in India, for $1.03 ...
/ / Finance and M&A, Solar
Vestas Wind Order from Atria Power

Sembcorp Acquires Remaining Stake in Sembcorp Green Infra for ₹14.1 Billion from IDFC

Sembcorp Industries, an energy, water and marine group operating worldwide, through its wholly-owned subsidiary Sembcorp Utilities, has entered into an agreement to acquire the remaining 28 percent stake in Sembcorp ...
/ / Finance and M&A, Solar
REC Mahagenco 13K Loan

Rural Electrification Corporation Provides $2 Billion Loan to MAHAGENCO to Develop Thermal and Renewable Energy Projects

The Rural Electrification Corporation (REC), a public sector unit of the Government of India involved in financing all segments of power sector, has provided a ₹130 billion (~$2 billion) loan ...
/ / Grid, Utilities