Maharashtra’s 1 GW Solar Tender Gets Enthusiastic Response, Oversubscribed by 400 MW

ACME Solar to be Compensated for Cost Incurred After Introduction of Safeguard Duty

The Central Electricity Regulatory Commission (CERC) has issued an order to compensate a solar power developer by accepting that the levy of safeguard duty was a ‘Change in Law.’ The ...
IREDA Loans $35 Million from World Bank to Rewa and Mandsaur Solar Projects

IREDA Loans $35 Million from World Bank to Rewa and Mandsaur Solar Projects

The Indian Renewable Energy Development Agency Limited (IREDA) has entered into a $35 million sub-loan agreement with the Rewa Ultra Mega Solar (RUMSL) for the development of the Rewa and ...
/ / Finance and M&A, Solar
IFC to Loan $50 Million to Mahindra Renewables

IFC to Loan $50 Million to Mahindra Renewables

The International Finance Corporation (IFC), a member of the World Bank Group, will provide $50 million (~₹3.2 billion) as senior or IFC-A loan to Mahindra Renewables Private Ltd. (MRPL). MRPL, ...
/ / Finance and M&A, Solar
World Bank Loan Solar Parks India

World Bank Will Provide $100 Million to Develop Solar Parks in India

The Government of India (GoI) and the World Bank have signed agreements to develop large-scale solar parks in India. As part of the agreements the World Bank will provide $100 ...
/ / Finance and M&A, Solar
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
Tenders and Auctions

Mercom Exclusive: Solar Tenders and Auctions Have Slowed in India

While solar installations in India have picked up speed, tender and auction activity has been slowing down over the last couple of quarters. According to Mercom's India Solar Project Tracker, ...
/ / Solar, Tenders & Auctions
Solar tender

Mercom Exclusive: Payment Delays are Increasing Risk and Project Costs for Solar and Wind Projects in Many States

Payment delays by distribution companies (DISCOMs) continue to pose a challenge for the growing renewable energy sector in India as it tries to achieve 175 GW of renewable installations by ...
/ / Grid, Utilities
grid Integration

Renewable Energy Accounts for 16 Percent of India’s Energy Mix

Renewable energy generation in India continues to grow, accounting for ~16.10 percent of India’s energy mix. The country’s total installed power generation capacity is 315,369.08 MW with renewables accounting for ...
/ / Other, Renewable Energy

MNRE Releases Competitive Bidding Draft Guidelines for Solar Projects

The Ministry of New and Renewable Energy (MNRE) has released draft guidelines for tariff-based competitive bidding process for solar projects. Here are some key points from the draft proposal - ...