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
Khajuraho - Kandariya Mahadeo Temple

MPERC Proposes Scrapping Must-Run Status of Renewable Energy Generation in Madhya Pradesh

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has proposed applying scheduling and merit order dispatch principles to energy generation from co-generating and renewable energy generating units from time to time, ...
/ / Other, Renewable Energy
Solar Fastest Growing New Energy Source in India

Solar Fastest Growing New Energy Source in India, Installations Surge in First 5 Months of 2016, Exceeding All of Previous Year

India solar development pipeline now stands at 22 GW, more than 13 GW under construction Mercom Capital Group, a global clean energy communications and research firm released its quarterly update ...
/ / Solar, Utility Scale