IEA Expects Annual Global Energy Investments to Hit $1.9 Trillion in 2021

IEA Expects Annual Global Energy Investments to Hit $1.9 Trillion in 2021

The International Energy Agency (IEA) has released its latest report on ‘World Energy Investment 2021’. According to the report, the annual global energy investment is set to rise to $1.9 ...
/ / Other, Renewable Energy
Maldives Issues Tender for 40 MW/40 MWh of Battery Energy Storage Systems

Maldives Issues Tender for 40 MW/40 MWh of Battery Energy Storage Systems

The Ministry of Environment, Climate Change, and Technology, Maldives, has invited bids from engineering, procurement, construction (EPC) contractors to install battery energy storage systems (BESS) of 40 MW/40 MWh capacity ...
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Chhattisgarh Floats Tender for 15,000 Lead Acid Batteries for Solar Applications

The Chhattisgarh State Renewable Energy Development Agency (CREDA) has invited bids to procure 15,000 low-maintenance lead-acid batteries with a five-year on-site warranty for solar applications of different capacities in the ...
Regulator Allows Partial Credit Adjustment for an Open Access Wind Power Consumer

Regulator Allows Partial Credit Adjustment for an Open Access Wind Power Consumer

The Maharashtra Electricity Regulatory Commission (MERC), in a recent ruling, allowing for credit adjustment of units generated from wind projects for September 2017, July 2018, and October 2019 for an ...
/ / Wind
SECI Releases ₹4.91 Billion to Solar, Wind Developers for Power Purchase in April

SECI Releases ₹4.91 Billion to Solar, Wind Developers for Power Purchase in April

The Solar Energy Corporation of India (SECI) paid around ₹4.91 billion (~$67.3 million) to solar and wind developers for the power it purchased in April 2021, mentions the data released ...
ACME Solar Withdraws Termination Petition for 600 MW Project with ₹2.44kWh Tariff

ACME Solar Withdraws Termination Petition for 600 MW Project with ₹2.44/kWh Tariff

The Central Electricity Regulatory Commission (CERC), in a recent order, asked the subsidiaries of ACME Solar developing 600 MW of solar projects in Rajasthan to submit the current status of ...
EESL Invites Bids to Supply ABT Meters for Decentralized Solar Projects

EESL Invites Bids to Supply ABT Meters for Decentralized Solar Projects

Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), has invited bids for the supply and installation of 300 availability-based tariff (ABT) meters for remote monitoring of ...
/ / Grid, Market & Policy
Solar Developer and NTPC Spar Over GST Compensation Claim

Solar Developer and NTPC Spar Over GST Compensation Claim

Renew Wind Energy (TN2) has filed a petition before the Central Electricity Regulatory Commission (CERC), seeking clarification on a previous order it had passed on considering goods and services tax ...
/ / Markets & Policy, Solar
Manipur Tenders a 50 MW Solar Project with ₹3/kWh Tariff Cap

Manipur Tenders a 50 MW Solar Project with ₹3/kWh Tariff Cap

The Manipur Renewable Energy Development Agency (MANIREDA) has invited bids to set up a 50 MW grid-connected solar project at Jiribam in Manipur. The ceiling tariff for the project has ...
Surplus Energy By Captive Solar Projects to be Compensated at ₹1.99kWh in Gujarat

Surplus Energy by Captive Solar Projects to be Compensated at ₹1.99/kWh in Gujarat

The Gujarat Urja Vikas Nigam Limited (GUVNL), in a recent notification, announced that the average of solar tariffs discovered and contracted through competitive bidding process conducted by GUVNL for non-park ...
NTPC Subsidiary Floats Tender to Procure Land for Solar Projects in Maharashtra

NTPC Subsidiary Floats Tender to Procure Land for Solar Projects in Maharashtra

NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC, has invited bids to purchase land for setting solar power projects under the Mukhyamantri Saur Krishi Vahini Yojana in ...
Power Grid Acquires Two Transmission Projects to Evacuate Solar Power in Rajasthan

Power Grid Acquires Two Transmission Projects to Evacuate Solar Power in Rajasthan

State-owned power transmission company Power Grid Corporation of India (PGCIL) has acquired two transmission projects - Fatehgarh Bhadla Transco Limited and Sikar New Transmission Limited under Phase II, Part-B, and ...
/ / Finance and M&A, Other
Railways Tenders for 740 MW of Solar Projects

Railways Tenders for 740 MW of Solar Projects

The Railway Energy Management Company Limited (REMCL), a joint venture of the Indian Railways and RITES, has invited bids for setting up a 740 MW ground-mount solar project on vacant ...
Funding and M&A Roundup NEXT Energy Technologies Closes $13.4 Million Series C Funding

Funding and M&A Roundup: NEXT Energy Technologies Closes $13.4 Million Series C Funding

NEXT Energy Technologies, makers of a proprietary transparent photovoltaic coating that transforms commercial windows into energy-producing solar panels, announced that it had raised $13.4 million in a Series C round ...
/ / Other, Renewable Energy
Project Finance Brief bp to Acquire 9 GW of Solar Project Pipeline in the US from 7X Energy

Project Finance Brief: bp to Acquire 9 GW of Solar Project Pipeline in the US from 7X Energy

bp, a multinational oil, and gas company reached an agreement to purchase 9 GW of solar development projects in the U.S. from independent solar developer 7X Energy. The deal will ...
/ / Other, Renewable Energy
Bharat Petroleum Invites Bids for Open Access Renewable Power

Bharat Petroleum Invites Bids for 15 MW of Open Access Renewable Power

Bharat Petroleum has invited bids to procure 15 MW of solar and non-solar renewable power on a short-term open access basis for its refinery in Mahul, Mumbai. The successful bidder's ...
Bids Invited from Project Consultants for a 2,375 MW Renewable Energy Park in Gujarat

Bids Invited from Project Consultants for a 2,375 MW Renewable Energy Park in Gujarat

The Gujarat Industries Power Company Limited (GIPCL) has invited bids from project consultants to develop a 2,375 MW solar, wind, and hybrid renewable energy park at the Great Rann of ...
Haryana Invites Bids for 10.4 MW of Grid-Connected Rooftop Solar Projects

Haryana Invites Bids for 10.4 MW of Grid-Connected Rooftop Solar Projects

The Haryana Renewable Energy Development Agency (HAREDA) has invited bids to install 10.4 MW of grid-connected rooftop solar projects both with and without battery storage at various locations across the ...
/ / Rooftop, Solar
MNRE CPSU

MNRE Increases Time Allowed for Commissioning CPSU Solar Projects to 30 Months

The Ministry of New and Renewable Energy (MNRE) has extended the commissioning for solar projects under Tranche-III of the Central Public Sector Undertaking (CPSU) program Phase-II to 30 months from ...
CERC Approves Tariff for 2 GW of ISTS Solar Projects

CERC Approves Tariff for 2 GW of ISTS Solar Projects

The Central Electricity Regulatory Commission (CERC), in a recent order, has adopted tariffs of ₹2.55 (~$0.034)/kWh and ₹2.56 (~$0.035)/kWh through competitive bidding by NHPC for 2 GW solar projects. The ...
Month in a Minute Top Headlines from Indian Renewable Sector in May 2021

Month in a Minute: Top Headlines from Indian Renewable Sector in May 2021

Here is a recap of some of the most important headlines from May 2021: In the first quarter (Q1) of the calendar year (CY) 2021, India generated about 17.5 BU ...
/ / Other, Renewable Energy
Uttar Pradesh Scraps 500 MW Solar Auction, Plans to Re-Auction Hoping for Lower Bids

Uttar Pradesh Scraps 500 MW Solar Auction, Plans to Re-Auction Hoping for Lower Bids

In a new development, the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has canceled its 500 MW solar auction. An official statement from UPNEDA stated that the auction ...
Maharashtra Tenders 500 MW of Distributed Solar Projects With ₹3.05/kWh Tariff Cap

Maharashtra Tenders 500 MW of Distributed Solar Projects With ₹3.05/kWh Tariff Cap

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has invited bids for 500 MW of distributed solar projects (0.5 MW to 2 MW) under Component A of the Pradhan Mantri ...
Solar Cell & Module Maker Websol Energy Posts Revenue of ₹1.54 Billion in FY 2021

Solar Cell & Module Maker Websol Energy Posts Revenue of ₹1.54 Billion in FY 2021

Kolkata-based manufacturer of solar cells and modules Websol Energy System has announced combined financial results for the fourth quarter (Q4) and the financial year 2021 (FY21). The company reported a ...
/ / Markets & Policy, Solar
Indian Railways Floats Tender for a 15 MW Solar Project with Battery Storage

Indian Railways Floats Tender for a 15 MW Solar Project with Battery Storage

The Railway Energy Management Company Limited (REMCL), a joint venture of the Indian Railways and RITES, has invited bids to develop a 15 MW solar project with a 7 MW/14 ...