Five of the World’s Largest Solar Parks to Come Up in India_ IEEFA Report

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 ...
/ / Solar, Utility Scale
Mahindra Renewables Achieves Financial Closure of 250 MW Project in Rewa Solar Park

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 ...
/ / Finance and M&A, Solar
Rewa Solar Park Projects

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 ...
/ / Solar, Utility Scale
IFC Loan Rewa Solar Solenergi Actis

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 ...
/ / Finance and M&A, Solar

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 ...
/ / Grid, Utilities

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) ...
Solar Park

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, ...
/ / Solar, Utility Scale
Solar Installations

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 ...
/ / Solar, Utility Scale
Solar Project

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 ...
/ / Solar, Utility Scale
Solar Finance

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 ...
/ / Finance and M&A, Solar

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 ...
/ / Finance and M&A, Solar
Solar Park

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 ...
/ / Solar, Utility Scale
Power Supply

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 ...
/ / Finance and M&A, Solar
Solar Tariffs

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 ...
/ / Markets & Policy, Solar
Solar Tariff

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 ...
/ / Solar, Utility Scale
Month in a Minute

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 ...
/ / Other, Renewable Energy
New Record Low Solar Tariff of Rs.3.30/kWh Logged at Rewa Solar Park Auction in Madhya Pradesh

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 ...
/ / Solar, Tenders & Auctions