MNRE Issues New Rooftop Solar Benchmark Costs for 2019-20

MNRE Issues New Rooftop Solar Benchmark Costs for 2019-20

The Ministry of New and Renewable Energy (MNRE) has notified the new benchmark costs for grid-connected rooftop solar power projects for the financial year (FY) 2019-20. The new benchmark costs ...
Report Finds Municipalities Could Boost Rooftop Solar Adoption Using Bonds

BHEL Tenders 170 kW of Rooftop Solar in Haryana, Signs MoU with Exicom for E-Mobility

State-owned Navaratna enterprise, Bharat Heavy Electricals Limited (BHEL), has invited bids for the supply, installation, and commissioning of grid-connected solar rooftop PV projects of cumulative capacity 170 kW in Haryana ...
SECI Issues Tender for 500 MW of Solar Power Projects to be Developed in Tamil Nadu

Tariff Applicable at the Time of Commissioning will Apply to Delayed Solar Projects: RERC

In a crucial order, the Rajasthan Electricity Regulatory Commission (RERC) has clarified that for projects delayed beyond their commissioning timeline, the tariff applicable will be the one that was chosen for ...
/ / Markets & Policy, Solar
Sri Lanka to Develop 28 Small Solar Power Projects

Sri Lanka to Develop 28 Small Solar Power Projects

Sri Lanka will develop 28 small solar power projects in its north-central and eastern regions. The proposal was recently approved by the Cabinet of Ministers who gave consent to the development ...
/ / Markets & Policy, Solar
ReNew Power Gets $350 Million in Debt Financing from OPIC to Scale Solar and Wind Projects

ReNew Power Gets $350 Million in Debt Financing from OPIC to Scale Solar and Wind Projects

ReNew Power has secured fresh debt financing of up to $350 million (~₹24.91 billion) from the Overseas Private Investment Corporation (OPIC). The funds will be utilized by ReNew Power to support ...
/ / Markets & Policy, Solar
Centre Advises Andhra Pradesh Government Against Revisiting Solar, Wind PPAs

2019 Begins with a Sharp Decline in Solar Auction Activity

Auction activity was extremely anemic in January with only 135 MW of solar capacity auctioned, a steep decline compared to over 2 GW of capacity that was auctioned in the ...
/ / Markets & Policy, Solar
Renewable Energy Policy Highlights from January 2019

Renewable Energy Policy Highlights from January 2019

Gujarat issued regulations for the forecasting, scheduling, and deviation settlement for solar and wind generation in the first month of 2019 joining Maharashtra, Uttar Pradesh, Punjab, Telangana, Haryana, Andhra Pradesh, Tamil ...
/ / Markets & Policy, Solar
SECI’s 1.2 GW Solar Tender Oversubscribed by 900 MW

Power Purchase Agreements for 23 MW of Solar Projects Approved in Haryana

The Haryana Electricity Regulatory Commission (HERC) has issued an order approving the power purchase agreements (PPAs) of solar projects totaling 23 MW. The commission was examining a common petition filed ...
/ / Markets & Policy, Solar
Solar Installations in India Reach 6.6 GW in the First Nine Months of 2018

Solar Installations in India Reach 6.6 GW in the First Nine Months of 2018

India’s solar installations have reached 6.6 GW year-to-date with large-scale projects making up 5,382 MW and rooftop installations accounting for 1,240 MW. Solar installations in India in Q3 2018 witnessed ...
/ / Mercom Research Focus, Other
Google Announces its Green Energy Plans in Denmark

Google Announces its Green Energy Plans in Denmark

Adding another feather to its green cap, tech giant Google has now announced that it will invest 4.5 billion Danish crowns ($690 million) in building a renewable powered data center in ...
/ / Other, Renewable Energy
Prism Johnson Acquires 30% Stake in Cleantech SPV to Build 22 MW of Captive Solar Projects

Prism Johnson Acquires 30% Stake in Cleantech SPV to Build 22 MW of Captive Solar Projects

Prism Johnson Limited (formerly Prism Cement) has agreed to acquire up to 30 percent equity stake in a special purpose vehicle (SPV) which will be incorporated with CSE Development (India) ...
/ / Finance and M&A, Solar
More Project Commissioning Delay Cases in Telangana Ruled in Favor of Project Developers

More Solar Project Commissioning Delay Cases in Telangana Ruled in Favor of Developers

It was a good start of the week for majority of the developers of grid-connected solar projects in Telangana, who had filed petitions, seeking relief due to the delay in ...
/ / Markets & Policy, Solar
Proposed Reductions in Solar Project Commissioning Timelines Not Enough to Reach 100 GW

Proposed Reductions in Solar Project Commissioning Timelines Not Enough to Reach 100 GW

The Ministry of New and Renewable Energy (MNRE) has recently proposed to reduce the commissioning timelines of solar projects to meet the country’s target of 100 GW of solar capacity ...
/ / Markets & Policy, Solar
GUVNL’s 500 MW Solar Tender Oversubscribed by almost Four Times

Gujarat’s 500 MW Solar Tender Oversubscribed by Almost Four Times

Gujarat Urja Vikas Nigam Limited (GUVNL)’s 500 MW grid-connected solar photovoltaic (PV) tender has been oversubscribed by almost four times. Technical bids aggregating 1,925 MW have been submitted against the ...
/ / Solar, Tenders & Auctions
Solar: a Game Changer for India’s Agricultural Sector

Solar: A Game Changer for India’s Agricultural Sector

This article is the second part of a series how solar is affecting different critical sectors in India. The first article addressed solar’s impact on India’s water usage. Solar power ...
/ / Markets & Policy, Solar
Zambia Tenders 100 MW of Solar Projects

Zambia Tenders 100 MW of Solar Projects

On behalf of the Zambian Ministry of Energy, the Global Energy Transfer Feed-in Tariffs (GET FiT), Zambia Secretariat has issued a request for proposal (RfP) under round one of the ...
/ / Markets & Policy, Solar
USTDA Funds Feasibility Study to Assess Viability of a 100 MW Solar Project in Mozambique

Buoyed by Expansive Solar Portfolio, Adani Green’s Revenue Up by 148 percent in Q1 FY19

Adani Green Energy Limited, a leading renewable energy project developer in the country, has announced its consolidated results for the first quarter for FY 2019, ending June 30, 2018. Total ...
/ / Markets & Policy, Solar
Azure Power’s Revenue Up 29% to $35.4 Million in Q1 2019

Azure Power’s Revenue Up 29% to $35.4 Million in Q1 2019

Azure Power (NYSE: AZRE), an independent solar power producer, has announced its consolidated results for the first quarter ending June 30, 2018. Total revenue in the first quarter of FY19 ...
/ / Markets & Policy, Solar
Will the SECI 3 GW Solar Auction Be Cancelled?

Cancelling 3 GW SECI Solar Auction Could Backfire Due to Safeguard Duty

The Solar Energy Corporation of India (SECI)’s 3 GW Interstate Transmission System (ISTS)-connected solar auction stands a chance of being cancelled according to government sources and developers. In the auction, ...
Interview: Public Market May Not Have the Appetite for More Than 2-3 Large Renewable IPOs

Interview: Public Market May Not Have the Appetite for More Than 2-3 Large Renewable IPOs

In the past couple of months, a slew of government regulations have been announced for the domestic renewable sector. Mostly, these policies have been aimed at dealing with the ongoing ...
ACME Solar Wins SECI Auction to Develop 50 MW of Solar Projects Quoting ₹3.38/kWh

ACME Solar Wins 50 MW SECI Solar Auction With a ₹3.38/kWh Bid

The Solar Energy Corporation of India (SECI) has auctioned 50 MW of grid-connected solar photovoltaic (PV) projects to be developed in Gujrai Solar Park, located in Kanpur Dehat district of ...
Greenko Acquires Orange Renewables in a Billion-Dollar Deal

Greenko Acquires Orange Renewables for $1 Billion

The Greenko Group has acquired Orange Renewables in a billion-dollar deal. The deal is for an enterprise value of approximately $1.02 billion, which includes $680 million of debt which will ...
MNRE Introduces Battery Energy Storage System in its Quality Control Order 2017

MNRE Introduces Battery Energy Storage System in its Quality Control Order 2017

In line with the changing dynamics of the Indian solar sector, the Ministry of New and Renewable Energy (MNRE) has now brought battery energy storage system (BESS) under the ambit ...
Tunisia Announces a 70 MW Tender for Solar PV Projects Across the Country

Tunisia Announces a 70 MW Tender for Solar PV Projects Across the Country

The Ministry of Energy, Mines and Renewable Energies of the Republic of Tunisia has tendered 70 MW of solar photovoltaic (PV) projects to be developed across the country. The bid-submission deadline ...
EBRD and ADB Finance $50 Million for a Solar Project in Kazakhstan

EBRD and ADB Finance $50 Million for a Solar Project in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) and Asian Development Bank (ADB) are investing heavily in the solar photovoltaic (PV) sector of Kazakhstan. The EBRD, Clean Technology Fund and Asian ...