Five of the World’s Largest Solar Parks to Come Up in India: IEEFA Report
Five of the world’s largest under-construction solar parks are located in India, as reported by the United States-based Institute for Energy Economics and Financial Analysis (IEEFA). The report also discusses ...
Mahindra Renewables Achieves Financial Closure for 250 MW Project in Rewa Solar Park
Mahindra Renewables, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for a 250 MW grid-connected solar photovoltaic (PV) project being developed in the Rewa Solar Park in the ...
Breaking: Payment Guarantee Approved for Rewa Solar Park Projects
The state cabinet of the Government of Madhya Pradesh, today, approved the payment guarantee to be provided to solar project developers in the Rewa Ultra Mega Solar (RUMS) park. An ...
IFC to Provide $50 Million Loan to Arinsun Clean Energy for 250 MW Solar Project in Rewa
The International Finance Corporation (IFC), a member of World Bank Group, will provide a $50 million (~₹3.2 billion) loan to Arinsun Clean Energy, a subsidiary of Solenergi Power Private Ltd ...
Mercom Exclusive: India Power Utilities Performance Ratings – Some Improve, Some Don’t
According to the latest “Integrated Rating for State Power Distribution Utilities” report by the Ministry of Power, the four Gujarat state power distribution utilities (DISCOMs) have emerged as top performers ...
BREAKING: New Record Low Tariff to be Set in India as Solar Bids Breach Rs.3/kWh in Bhadla Phase IV Auction
For the first time in India, solar bids have breached the Rs.3 (~$0.046)/kWh mark in the 250 MW Bhadla Phase IV Solar Park auction under the National Solar Mission (NSM) ...
Mercom Exclusive: Solar Park Costs on the Rise in India
Solar parks are a vital piece to India’s solar future and were designed to reduce bottlenecks and bring down large-scale project development costs by allocating land and providing transmission infrastructure, ...
A Record Year for India Forecasted with Approximately 10 GW of Solar Installations in 2017
Mercom Communications India, a subsidiary of Mercom Capital Group, today released its quarterly update on the Indian solar market. For the complete report, visit: MercomQ12017IndiaSolarReport The Indian solar sector is ...
Government of Madhya Pradesh Signs Project Agreements for 750 MW Rewa Solar Park
The state government of Madhya Pradesh entered into project agreements with ACME Solar, Solenergi Power, and Mahindra Renewables on April 17, 2017, to develop the 750 MW Rewa Ultra Mega ...
World Bank to Provide $100 Million to Develop Solar Parks in India
The World Bank has approved $100 million (~Rs.6.5 billion) to develop solar parks in India. This includes a $75 million (~Rs.4.8 billion) loan from International Bank for Reconstruction and Development ...
European Investment Bank to Provide EUR 200 Million (~$213 Million) Loan to State Bank of India for Large-Scale Solar
The European Investment Bank (EIB) approved a EUR 200 million (~Rs.13.8 billion), 20-year loan to State Bank of India (SBI) which will be utilized to help develop large scale solar ...
India’s Solar Park Capacity Increase from 20 GW to 40 GW Has Been Approved
The enhancement of India’s solar park program from 20 GW capacity to 40 GW capacity has received final administrative approval. The President of India has approved the implementation of program ...
World Bank to Provide $25 Million Loan to Develop Transmission at Rewa Solar Park
The World Bank Group is providing $25 million (~Rs.1.65 billion) to develop transmission infrastructure at the Rewa Solar Park. The loan is being provided at an interest rate of 0.25 ...
Mercom Exclusive: Solar Tariffs in India Have Fallen by 73 Percent Since 2010
India’s solar sector recently reached record low tariff levels in the auction conducted at the Rewa Solar Park in the state of Madhya Pradesh. India was one of the first ...
Karnataka Electricity Regulatory Commission Proposes New Benchmark Solar Tariff of Rs.4.51 (~$0.066)/kWh for Utility-Scale Solar Projects
The Karnataka Electricity Regulatorcy Commission (KERC) has proposed a new benchmark tariff of Rs.4.51 (~$0.066)/kWh for solar PV projects starting April 1, 2017, 31 percent lower than the current benchmark ...
Month in a Minute: February 2017
Important Headlines and Data Points from the Indian Renewable Sector in February 2017 The 2017-18 budget proved to be a dampener for the Indian renewable energy sector. Manufacturing sector did ...
New Record Low Solar Tariff of Rs.3.30/kWh Logged at Rewa Solar Park Auction in Madhya Pradesh
First Year Tariff of Rs.2.97/kWh - One of the Lowest in the World In the recently concluded 750 MW Rewa Solar Park auction in Madhya Pradesh, bids reached a new ...
