Gujarat’s New Budget Emphasizes on the Growth of Rooftop Solar Sector

Gujarat’s New Budget Emphasizes on the Growth of Rooftop Solar Sector

In the Gujarat state’s budget announced for the current financial year (FY) 2019-2020, a recalibrated target of 30 GW of renewable capacity by 2022 has been announced. This target includes ...
Encourage Capital to Assist Indian Rooftop Solar Installers Through a $40-Million Equity Fund

Encourage Capital to Assist Indian Rooftop Solar Installers Through a $40-Million Equity Fund

Encourage Solar Finance LLP has announced the first closing of a new private equity fund, Encourage Solar Finance L.P. at $40 million. Encourage Capital is an impact investment asset manager ...
Madhya Pradesh Increases Rooftop Solar Tender Capacity from 25 MW to 32 MW

Madhya Pradesh Increases Rooftop Solar Tender Capacity from 25 MW to 32 MW

Madhya Pradesh’s earlier tender for the installation of 25 MW of grid-connected rooftop solar photovoltaic (PV) projects has now been increased to 32 MW. The projects, tendered by the Madhya ...
IPGCL Issues Tender for 21.5 MW of Rooftop Solar Projects in Delhi

IPGCL Issues Tender for 21.5 MW of Rooftop Solar Projects in Delhi

The Indraprastha Power Generation Company (IPGCL) has invited bids for the development of rooftop solar projects in Delhi, totaling 21.5 MW. Out of this capacity, 1.5 MW will be developed ...
Uttar Pradesh’s 500 MW Solar Tender Receives Bids from Only Two Developers Totaling 90 MW

After April’s Lull, India Auctions 1.7 GW of Solar Capacity in May 2019

The auction activity picked up in May after the conclusion of the general elections which saw the beginning of NDA government’s second term under the leadership of PM Modi. During ...
Solar and Wind Energy Policy Roundup from May 2019

Solar and Wind Energy Policy Roundup from May 2019

Some of the notable policy highlights in May were regarding provisions related to the generic tariff, net-metering, deviation settlement, and clarification on wheeling charges. This update highlights the key policy ...
India Added 1.7 GW of Solar PV in Q1 2019, Rooftop Installations Declined

India Added 1.7 GW of Solar PV in Q1 2019, Rooftop Installations Declined

Solar installations in India in Q1 2019 increased slightly at 1,737 MW, 4% growth compared to 1,638 MW installed in Q4 2018. Installations were down by 49% year-over-year (YoY) compared ...
Corporate Segment Key Driver for Rooftop Solar_ Interview with Manu Karan, CleanMax Solar

Corporate Segment Key Driver for Rooftop Solar: Interview with Manu Karan, CleanMax Solar

State and central subsidies coupled with increasing demand from the government, commercial and industrial sectors, have enabled the steady progress of the rooftop solar sector in India. Cumulative solar rooftop ...
Kimberley Clark to Power its Singapore Huggies Factory from Solar

Kimberly-Clark to Power its Singapore Huggies Factory from Solar

U.S.-based personal consumer items manufacturer Kimberly-Clark has switched to solar power through the installation of a rooftop PV installation that will generate nearly 15% of the electricity consumed by its ...
Serious Policy Push Needed to Get India's Rooftop Solar Market to the Next Level

Serious Policy Push Needed to Get India’s Rooftop Solar Market to the Next Level

The rooftop solar segment in India has been growing at a brisk pace, with cumulative installed capacity reaching 3,260 MW as of December 2018. Rooftop installations grew 66% (year-over-year) with ...
Solar and Other Renewable Policy Highlights from April 2019

Solar and Other Renewable Policy Highlights from April 2019

In April 2019, many important policies were announced to streamline India’s renewable energy sector. Some of the policies highlighted include generic tariff, net-metering, deviation settlement, testing guidelines among others. Here ...
MERC Asks DISCOM to Reduce ₹0.18_kWh from Solar Tariff to Account for Safeguard Duty

Generic Tariff of ₹3.29/kWh Set for Solar Projects in Maharashtra for FY 2019-2020

The Maharashtra Electricity Regulatory Commission (MERC) has set the generic tariff for solar photovoltaic (PV) projects at ₹3.29 (~$0.047)/kWh for FY 2019-20. This order will apply from April 1, 2019, ...
West Bengal Invites Developers to Install 2 MW of Rooftop Solar Projects

Third Deadline Extension for SECI’s 97.5 MW Rooftop Solar Tender

The Solar Energy Corporation of India (SECI) has once again extended the bid submission deadline for 97.5 MW of grid-connected rooftop solar PV projects from April 16 to April 30, 2019 ...
KOR Energy Rooftop Projects

Rooftop Solar Developer CleanMax Secures ₹1.6 Billion Loan from PTC India

Mumbai-based rooftop solar energy company, CleanMax, has announced that its subsidiary CleanMax IPP has received ₹1.58 billion ($22.6 million) in a loan from PTC India Financial Services to refinance loans ...
/ / Finance and M&A, Solar
KERC Mulls Setting Generic Rooftop Solar Tariff Under RESCO model

Assam to Implement 7 MW of Rooftop Solar Projects on Social and Institutional Buildings

The Assam Power Distribution Company Limited (APDCL) has issued a tender for 7 MW of grid-connected solar rooftop projects for social and institutional buildings in the state. The projects will ...
Indian railways REMCL Rooftop Tenders

Tender Announced for 60 MW of Rooftop Solar Projects Across Zonal Railway Establishments

The Railway Energy Management Company Limited (REMCL), a joint venture of the Indian Railways and RITES Limited, has invited bids to set up 60.17 MW of rooftop solar photovoltaic (PV) capacity ...
India Installs 8.3 GW of Solar in 2018

India Installs 8.3 GW of Solar in 2018

The Indian solar market installed 8,263 MW in 2018, down 15.5 percent compared to 9,782 MW in 2017 as the safeguard duty, GST issues, and land and transmission issues took ...
Salem Smart City Invites Bids for Rooftop Solar Projects

Vellore Smart City Tenders Solar Rooftop Projects at 130 City Buildings with Net Metering

Vellore Smart City Limited has issued a tender for grid-connected solar rooftop systems for around 130 buildings. The capacity of the rooftop projects will vary from 1 kW-36 kW. The ...
/ / Solar, Tenders & Auctions
Railways Management Company Announces Tender for 140 MW of Wind-Solar Hybrid Projects

SECI Issues Tenders for 1.2 GW of Wind, 1 GW of Solar, and 97.5 MW of Rooftop Projects

The Solar Energy Corporation of India Ltd. (SECI) recently issued three tenders for the expansion of renewable capacity in the country. The first tender is for setting up of 1,200 ...
/ / Markets & Policy, Solar
NTPC Calls Bidders to Install a 900 kW Rooftop Solar System at its Thermal Station in Assam

NTPC Calls Bidders to Install a 900 kW Rooftop Solar System at its Thermal Station in Assam

The National Thermal Power Corporation (NTPC) has issued a tender to install a 900 kW rooftop solar PV system at NTPC-Bongaigaon thermal power project in Kokrajhar district of Assam. The ...
/ / Solar, Tenders & Auctions
Open Access Banked Units Can be Adjusted If Power Sourced from Same Generator: MERC

Uttar Pradesh Jal Nigam Launches a 1.8 MW Solar Tender

The Uttar Pradesh Jal Nigam (UPJN), state utility managing water supply and sewerage facilities has announced a tender to develop a 1.8 MW solar project. The rooftop/ground-mounted solar project will ...
/ / Solar, Tenders & Auctions
Haryana Electricity Regulator Approves PPA with Deviations for a 10 MW Solar Project

Tamil Nadu’s New Solar Policy Targets 9 GW of Installed Capacity by 2023

The Tamil Nadu Energy Development Agency (TEDA) has issued the state’s Solar Energy Policy 2019. The policy targets 9 GW of installed solar photovoltaic (PV) capacity in Tamil Nadu by ...
/ / Markets & Policy, Solar
BlackRock Real Assets Power and Energy Infrastructure Fund Raises $1.5 Billion

Evolution II Fund Closes $7.47 Million Investment for Solar Projects in Africa

Inspired Evolution, an Africa-focused investment advisory firm that specializes in the clean energy sector, closed a ZAR 100 million ($7.47 million) investment facility by its Evolution II Fund into Commercial ...
/ / Markets & Policy, Solar
NITI Aayog Releases Proposal to Develop Electric Vehicle Charging Infrastructure in Delhi

Kerala’s Budget Pushes for Widespread EV Adoption, Rooftop Solar Systems

Kerala’s budget for the financial year 2019-2020 puts impetus on setting up rooftop solar projects in the state while also pushing for the development of the Electric Vehicle sector in ...
/ / Markets & Policy, Solar
Tata Power’s Renewables Business Profit Jumps to ₹720 million in Q3 FY2018

Tata Power’s Renewable Energy Business Witnesses an Uptick of 9% YoY in Q3 FY19

Tata Power has reported a consolidated profit after tax (PAT) of ₹2,050 million (~$28.9 million) in the third quarter of FY 2018-19. When compared to the consolidated PAT in Q3 2017-18, ...
/ / Markets & Policy, Solar