DISCOMs Mandated to Maintain Letter of Credit as Payment Security Mechanism to Buy Power
In a bold move, RK Singh, Union Minister of State for Power and New & Renewable Energy has announced the approval of a proposal to make it mandatory for distribution ...
Harsh Penalties for Deviation Settlement is Playing Havoc with Solar, Wind Projects
India is one of the leading markets for renewable energy generation in the world. It was the third largest solar photovoltaic (PV) market in the first quarter of 2019 behind ...
Court Upholds Deviation Settlement Mechanism Order Passed by Rajasthan Commission
Recently, a petition filed by the Indian Wind Power Association (IWPA) had challenged the validity of the deviation settlement mechanism (DSM) regulations passed by the Rajasthan Electricity Regulatory Commission (RERC) ...
Suzlon Reduces its Net Loss by ₹1.75 Billion in Q4 of FY 2019
Wind turbine supplier and renewable energy developer Suzlon Energy Limited has announced its quarterly and annual results for the financial year (FY) 2019. The company reported that its consolidated net ...
India the Lowest Cost Producer of Solar Power: IRENA
According to a report by the International Renewable Energy Agency (IRENA), the cost of renewable energy sources fell to record lows again in 2018. The report finds that costs from ...
Siemens Gamesa Announces Order Booking of $12.25 Billion
Renewable energy developer and wind turbine manufacturer, Siemens Gamesa, has announced its financial results for the first half (October-March) and the second quarter (January-March) of fiscal year (FY) 2019. The ...
Orient Green Power to Divest 57% Shares in its Biomass Subsidiaries
Orient Green Power Company Limited (OGPL) has decided to disinvest its entire holding of 918,954 equity shares, aggregating 57.92%, held in Sanjog Sugars and Eco-Power (Biomass subsidiary) in favor of ...
DISCOM in Tamil Nadu to Track Wind Projects Using GPS
Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) has started using Global Positioning System (GPS) technology to measure the performance of wind projects installed across the state. The distribution company ...
Tata Power to Sell its 32 MW Wind Power Project in Maharashtra
Tata Power Renewable Energy Limited (TPREL) has announced that it will sell 32 MW of its operating wind assets located in Satara district of Maharashtra. Currently, the power from the ...
50.2 GW of Wind Power Projects Added in 2018 Globally: Report
In 2018, the world added the third highest annual total of wind power. According to the Wood Mackenzie Power & Renewables 'Global Wind Power Market Outlook Update: Q1 2019' report, 50.2 GW ...
ReNew Raises $375 Million Through Green Bond Issue
Indian renewable energy independent power producer (IPP) ReNew Power Limited, has announced that it has successfully concluded a green bond issue of $375 million. Barclays (B&D), Goldman Sachs, HSBC, J.P ...
NTPC Invites Bidders to Enlist for Constructing its Wind Projects
NTPC Ltd. has invited online applications from bidders to enlist for its wind energy projects in India. The scope of work includes the detailed design, engineering, micro-siting, manufacture, supply, erection, ...
Total Global Energy Storage Capacity Could Triple by 2030: IRENA
In a brief prepared for COP24, the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), the International Renewable Energy Agency (IRENA) has underscored the ...
Solar Potential in West Africa Ranges from 8 GW to Over 20 GW by 2030: Report
The International Renewable Energy Agency (IRENA) in its report “Planning and prospects for renewable power: West Africa” has highlighted scenarios for the growth of renewables in West Africa’s power systems ...
SBI Raises $650 Million Via Green Bonds, Announces Plans for Going Solar
The nation’s largest lender State Bank India (SBI) has raised the first tranche of $650 million through a maiden green bond offering, which is a part of its goal of ...
IFC to Continue Supporting Private Sector Investments in Europe and Central Asia
The International Finance Corporation (IFC) has announced that it has expanded its operations in Europe and Central Asia with investment commitments reaching $2.9 billion. The organization is focusing on driving ...
ENGIE And STOA Form Joint-Venture to Develop Wind Projects in India
ENGIE, a global independent power producer (IPP), and STOA, a French infrastructure and investment firm, have announced a joint-venture (JV) to build a wind platform in India. The platform, with ...
MERC to Come Out with Regulations for Forecasting and Deviation Settlement of Solar Generation
The Maharashtra Electricity Regulatory Commission (MERC) is preparing draft regulations for the forecasting, scheduling, and deviation settlement of solar and wind generation in the state. It noted that the process ...
Rajasthan Electricity Regulatory Commission Fixes Levelized Generic Tariff for Wind Projects to be Commissioned in FY 2017-18
The Rajasthan Electricity Regulatory Commission (RERC) has fixed the levelized generic tariff for wind power projects to be commissioned in financial year (FY) 2017-18 in Rajasthan. The RERC stated in ...
Awareness of Renewable Energy and Energy Efficiency Low in India, According to Survey by Mercom Capital Group
71% of consumers in India willing to pay higher rates for electricity from renewable energy sources According to a first-of-its-kind survey conducted by Mercom Capital Group titled 'India Renewable Energy ...
