Oberoi and Trident Hotels in Gurgaon to Run on Solar Power
In a move reflective of the nation’s shift towards renewable energy sources, Oberoi and Trident hotels in Gurgaon have switched to solar power to fulfill their energy demands. This will ...
Indian Navy Pledges 1.5% of its Works Budget Towards Renewable Energy Generation
After the Indian Armed Forces, the Indian Navy has also joined in the country’s efforts to go green. To this end, the Indian Navy has pledged 1.5% of its entire ...
Spot Power Price Continues to Soar Four Months in a Row, Hovers at ₹3.34/kWh in May 2019
In May 2019, the spot power price rose to ₹3.34 (~$0.048)/kWh, making it the fourth consecutive month in 2019 in which spot power price has continued its rise. In April ...
Lowest Bid of ₹2.54/kWh Against Ceiling Tariff of ₹2.65/kWh Wins SECI’s 1.2 GW Solar Tender
The Solar Energy Corporation of India Ltd. (SECI) has successfully concluded the auction for 1,200 MW of interstate transmission system (ISTS)-connected solar projects to be developed across India. SECI had ...
NTPC Issues EPC Tender for 1 GW of Solar Projects Under Phase-II of CPSU Program
The National Thermal Power Corporation Limited (NTPC) is on the lookout for engineering procurement construction (EPC) contractors to set up 1 GW of grid-connected solar photovoltaic (PV) projects under Phase-II ...
Maharashtra to Renegotiate Tariffs for 1,170 MW of Auctioned Solar Projects
The Maharashtra Electricity Regulatory Commission (MERC) has ordered Maharashtra State Electricity Distribution Company Limited (MSEDCL) to renegotiate tariffs with solar developers for projects allocated to them. In this case, MSEDCL ...
Tamil Nadu Launches Procedure for Deviation Settlement of Wind and Solar Projects
Tamil Nadu State Load Dispatch Centre (TNSLDC) and Tamil Nadu Electricity Regulatory (TNERC) have issued the procedure for forecasting, scheduling, and deviation settlement mechanism of wind and solar generation. The ...
Average Power Purchase Cost for Open Access Solar and Wind Projects Set At ₹3.60/kWh
The Central Electricity Regulatory Commission (CERC) has approved the new national average power purchase cost (APPC) of ₹3.60 (~$0.051)/kWh for open access for FY 2019-20. In May 2019, the CERC ...
Greenko Raises $495 Million to Invest in 2.4 GW of Energy Storage Projects
General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA) have signed an agreement to invest $495 million as primary equity in Greenko Energy Holdings (Greenko), a renewable energy project ...
Uttar Pradesh DISCOMs Ordered to Submit Roadmap for Solar and Non-Solar RPO Fulfilment
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has ordered its electricity distribution company to respond to its suo moto proceedings about meeting renewable purchase obligation (RPO) targets as per regulations ...
Andaman & Nicobar Floats Empanelment Tender for 5 MW of Rooftop Solar Projects
The Electricity Department of the Andaman & Nicobar administration has issued an empanelment tender to develop 5 MW of rooftop solar photovoltaic (PV) projects. The bid submission deadline is June ...
Adani Green to Raise $500 Million Through Green Bonds
Adani Green Energy Limited (AGEL), the renewable energy arm of Adani Group, has announced it will raise $500 million through green bonds. The bonds will be listed on the Singapore ...
MNRE Invites Preliminary Proposals for Gravity-Based Storage Project
The Ministry of New and Renewable Energy (MNRE) has issued invitations requesting proposals to develop gravity storage projects and also to utilize solar photovoltaic (PV) to produce hydrogen from seawater ...
Solar RECs Traded at the Price of ₹2,000 in IEX and PXIL During May 2019
Entities rushed to buy renewable energy certificates (RECs) to fulfill their renewable purchase obligations (RPOs) in May 2019. This led to solar RECs being traded at ₹2,000 (~$28.68)/REC on both ...
SECI and Haryana Sign Power Sale Agreement for 400 MW of Solar at ₹2.44/kWh
The Solar Energy Corporation of India (SECI) and Haryana Power Purchase Centre (HPPC) have entered a power sale agreement (PSA) for the trade of power from 400 MW of solar ...
SECI’s 1.2 GW Solar Tender Oversubscribed by 900 MW
The tender floated by the Solar Energy Corporation of India Ltd. (SECI) to set up 1.2 GW of interstate transmission system (ISTS)-connected solar photovoltaic (PV) projects across India has been ...
EESL Tender Calls for 100 MW of Solar Projects in Maharashtra, Andhra, and Jharkhand
Energy Efficiency Services Limited (EESL), a joint venture between the public-sector units of the Ministry of Power and the Government of India, has issued a tender to set up 100 ...
EESL Issues Tender to Procure Solar Pumps
Government’s Energy Efficiency Services Limited (EESL) has issued a tender to procure 272,579 solar water pumping systems for member countries of International Solar Alliance (ISA). The bid submission deadline is ...
CERC to Grant Electricity Trading License to NTPC to Expedite Solar and Wind Projects
The Central Electricity Regulatory Commission (CERC) has proposed to grant the National Thermal Power Corporation (NTPC) electricity trading license in India. The license is to be granted to help the ...
ADB to Provide $7 Million to Support a 100 MW Solar Park Project in Cambodia
The Asian Development Bank (ADB) has approved a $7.64 million loan to support the construction of a 100 MW solar park in Cambodia. This loan is in support of the ...
Andhra Pradesh Approves Guidelines for Implementation of its Rooftop Solar Policy
The Andhra Pradesh Electricity Regulatory Commission (APERC) has approved the guidelines for implementing the state’s Solar Rooftop Policy 2018 that were submitted by the Eastern Power Distribution Company of Andhra ...
Adani Quotes Lowest Tariff of ₹2.69/kWh in SECI’s 1.2 GW Solar-Wind Hybrid Auction
Adani Green Energy emerged as the lowest (L1) bidder in the auction conducted by the Solar Energy Corporation of India Ltd. (SECI) for 1,200 MW of ISTS-connected solar-wind hybrid power ...
Pharmaceutical Major Cipla Set to Acquire 26% Stake in AMP Solar’s SPV at ₹129 Million
A filing made at the Bombay Stock Exchange (BSE) states that Mumbai-based global pharmaceutical major Cipla Limited has signed an agreement to acquire 26% stake on a fully diluted basis ...
India’s Solar Industry Reacts to Modi Government’s Win in Lok Sabha Elections 2019
Stakeholders in India’s renewable energy sector are upbeat about the Bhartiya Janata Party (BJP) coming back into power for a second term under the leadership of Prime Minister Narendra Modi ...
Himachal Pradesh Sets Generic Tariffs for Solar Projects for Six Months
The Himachal Pradesh Electricity Regulatory Commission (HPERC) has set generic levelized tariffs for solar photovoltaic (PV) projects for the first six months of the financial year (FY) 2019-20. These generic tariffs ...
