India News & Analysis

Sign up for Mercom Market Intelligence Reports: Solar | Wind | Smart Grid

Mercom Capital: India News & Analysis
 
December 02, 2016

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in November 2016

Important Headlines and Data Points from the Indian Renewable Sector in November 2016
December 02, 2016

Solar Accounts for 1 Percent of Total Power Generated in India in the First Half of FY 2016-17

Solar energy accounts for almost 1% of total power generated in India and 12% of the total renewable power generated in the country. Solar accounted for 5,791.54 million units of electricity produced in the country during the six-month period from April to September, 2016, the Central Electricity Authority (CEA) stated.
December 02, 2016

India Renewable Energy Policy Roundup: November 2016

Here is a policy roundup from central, state and government agencies from the month of November covering renewable energy in India.
December 02, 2016

Azure Power Begins Construction of 100 MW Solar Project at Kurnool Ultra Mega Solar Park

Azure Power has commenced the construction of a 100 MW solar project at the Kurnool Ultra Mega Solar Park in Andhra Pradesh. The project is expected to be commissioned by September 2017.
December 01, 2016

CERC to Hike Transmission Fees to Avoid Grid Congestion

In an amendment of its regulations, the Central Electricity Regulatory Commission (CERC) has proposed to increase transmission charges on medium and short-term electricity transactions. This is the sixth amendment of the CERC Regulations relating to connectivity, long-term access and medium-term open access in inter-state transmission and related matters. Short-term transactions will see a hike of close to 35 percent and medium-term transactions will witness a hike of 25 percent.
December 01, 2016

SECI Issues Tenders for Electrification of 1,058 Off-Grid Villages in Arunachal Pradesh

The Solar Energy Corporation of India (SECI) has invited a global tender on behalf of Arunachal Pradesh Energy Development Agency (APEDA) to electrify 1,058 off-grid villages in the state by installing 300 Wp solar power packs. The project will be developed, under the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY), a Government of India program aimed at empowering power projects and providing continuous power supply to rural India. SECI has mandated a six-month period for project completion, starting from the date the project is awarded. The developer offering the lowest rate(s) (L1) will be the successful bidder. A total of 16,000 solar power packs of 300 Wp will be installed.
November 29, 2016

Jharkhand Maybe Close to Signing PPAs for 1.1 GW of Solar After Delay

In Jharkhand, power purchase agreements (PPAs) for a total of 1.1 GW solar projects are expected to be signed by the third week of December 2016. These solar PV projects, which were originally auctioned in early 2016, were stalled due to differences between the state distribution company (DISCOM) and developers over the quoted tariff.
November 28, 2016

Tepid Response to TANGEDCO’s 500 MW RfS in Tamil Nadu, Only 117 MW of Bids Received So Far

The Tamil Nadu Generation and Distribution Company (TANGEDCO) has received weak response to its request for selection (RfS) to procure 500 MW of solar through a reverse auction. Bids of only 117 MW have come in so far, which is less than 25 percent of the original procurement goal.
November 27, 2016

Telangana State Electricity Regulatory Commission Approves Net Metering Policy for Solar Rooftop Systems

The Telangana State Electricity Regulatory Commission (TSERC) has approved net metering for solar rooftop customers in the state with systems ranging from 1kW to 1MW. This policy will become effective on the date of its notification in the official gazette .
November 24, 2016

UDAY Program Yet to Make a Positive Difference on the Power Sector

The positive effects of the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) on the power sector are yet to be seen. Currently, 16 states and one union territory have joined since the inception of the program. The Government of India launched the program in an effort to bring about the financial turnaround of DISCOMs in the country. But, even after a year, DISCOMs continue to struggle and in some cases their situation has worsened.
November 24, 2016

CEA Asks Utilities to Follow Advisory Mandating Use of Domestic Materials for Government Projects

The Central Electricity Authority (CEA) has requested utilities to ensure that they follow the advisory issued mandating the use of domestic materials and equipment in government projects. Utilities in various states were found flouting the advisory guidelines issued by the CEA for domestic competitive bidding.
November 23, 2016

Indian Solar Exports Grow 66 Percent YoY, Imports Up 53 Percent in the First Five Months of FY 2016

From April to August 2016, import and export activity worth $808 million was registered in the Indian solar sector. During the five-month period, India exported solar modules and cells worth $45 million, and imported modules and cells worth $763 million. Compared to the same period in 2015, exports have increased by 66 percent and imports have grown by 53 percent.
November 23, 2016

Rs.670 Million Approved for Solar Cities Program

The Minister of Power Mr. Piyush Goyal announced in the upper House of Parliament that Rs.670 million (~$9.88 million) has been approved to develop solar cities across India. Under this program, Rs.241.6 million (~$3.56 million) has already been released.
November 23, 2016

MNRE Targets 20 GW of Grid-Connected Renewable Energy Capacity Addition in FY 2017-18

The MNRE has set a target of adding 20,450 MW of grid-connected renewable energy capacity in the financial year 2017-18. In a written reply to a question in Rajya Sabha, Piyush Goyal, the Minister for Power, stated that 14,300 MW of renewable energy has been connected to the grid in the last two and half years. The Minister also disclosed new targets set by MNRE for the coming financial years.
November 22, 2016

Government of India Plans to Establish New Central Transmission Utility

The government of India is said to be considering the establishment of a dedicated Central Transmission Utility (CTU). Replying to whether the government is contemplating the creation of a separate organization for assigning the responsibility of planning inter-state electricity transmission network; Minister of Power, Mr. Piyush Goyal, stated, “Government has contemplated the creation of a separate entity as a dedicated company having operational and financial autonomy which will discharge the statutory functions of the CTU along with other functions which among other things includes Power System Planning.”
November 21, 2016

Adani’s Plea for Tariff Revaluation Rejected by Tamil Nadu Electricity Regulatory Commission

The ongoing legal case between Adani Green Energy and the Tamil Nadu Electricity Regulatory Commission (TNERC), which will decide the final tariff rate for Adani’s project in the state, took another turn with the regulatory commission asking the company to file their plea as a Dispute Resolution Petition.
November 20, 2016

PGCIL Seeks $1 Billion Loan from ADB to Set Up Green Energy Corridor

The Power Grid Corporation of India (PGCIL) is seeking loan assistance of $1 billion (~Rs.67.82 billion) from the Asian Development Bank (ADB) for green energy transmission corridor. The loan will be made up of a sovereign guaranteed loan of $500 million (~Rs.33.91 billion) and a non-sovereign loan of $500 million (~Rs.33.91 billion) to support grid infrastructure development according to a written statement by Piyush Goyal, Minister of State (IC) for Power, Coal, New & Renewable Energy, and Mines.
November 20, 2016

World Bank Approves $22.93 Million Grant for Grid-Connected Solar Rooftop

The World Bank has approved a global environment facility (GEF) grant of $22.93 million (~Rs.1.55 billion) to enhance the installed capacity of grid-connected rooftop solar PV (GRPV) and strengthen the capacity of relevant institutions for widespread installation of GRPV in India.
November 17, 2016

ReNew Power Raises Rs.5 Billion Through Green Bonds

ReNew Power, announced its first public issue of non-convertible debentures (NCDs) with a face value of Rs.1 million (~$14,744) each, aggregating Rs.5 billion (~$73.72 million). Funding raised will be utilized towards the development of wind power projects in the state of Madhya Pradesh.
November 17, 2016

CREDA Invites Revised Rates for Grid-Connected Rooftop Solar PV Projects in Chhattisgarh

The Chhattisgarh Renewable Energy Development Agency (CREDA) has asked rooftop solar developers to submit revised rates for project implementation of grid-connected projects in the state. The agency has mandated that bidders quote their best competitive price per kilowatt peak (kWp) on CAPEX and OPEX modes per the Ministry of New and Renewable Energy (MNRE) guidelines based on a percentage below the SECI benchmark price.
November 16, 2016

MNRE to Provide Central Financial Assistance to Install Grid-Connected Solar Rooftop Projects in Tamil Nadu

The Ministry of New and Renewable Energy (MNRE) will provide central finance assistance (CFA) at the rate of Rs.22.50 (~$0.3371)/W to install grid-connected solar rooftop power projects. This will amount to a subsidy of 30 percent of the benchmark cost of Rs.75 (~$1.10)/W.
November 16, 2016

NTPC Tenders Solar to Electrify 110 Households in Jharkhand

The National Thermal Power Corporation (NTPC) has invited bids to develop solar PV systems in the villages of Naiparam and Chatti Garilong in Jharkhand. The bids will be selected through domestic competitive bidding. The last day for bid-submission is December 9, 2016. The scope of work includes the electrification of 60 houses in Naiparam village and 50 houses in Chatti Garilong village.
November 15, 2016

OPIC and ReNew Power Commit $74 Million to Set Up a 100 MW Solar Project in Telangana

The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, and ReNew Power, a solar and wind power producer , have signed a commitment of approximately $74 million to set up a 100 MW solar project in Telangana, India.
November 14, 2016

JREDA Tenders 5 MW Rooftop Solar

Jharkhand Renewable Energy Development Agency (JREDA) has tendered 5 MW of rooftop solar to be set up on government buildings across the state of Jharkhand. The projects will be set up on a turnkey basis and the scope of work includes; design, manufacturing, testing, supply, installation and commissioning of grid-connected rooftop solar PV projects of different capacities aggregating 5000 kW. The scope of work also includes a comprehensive maintenance contract (CMC) lasting five years. The bid-submission deadline is November 29, 2016.
November 13, 2016

CEA Invites Public Comments on Draft Regulations Regarding Technical Standards for Connectivity to the Grid

The Central Electricity Authority (CEA) has invited comments from the public on its draft regulations technical standards for connectivity to the grid. The comment period will be open from November 15, 2016 to December 31, 2016.
November 10, 2016

SECI Tenders 750 MW of Solar at Bhadla Solar Park in Rajasthan at a Benchmark Tariff of Rs.3.93 (~$0.0590)/kWh

In the state of Rajasthan, 750 MW of solar has been tendered by the Solar Energy Corporation of India (SECI) at a low benchmark price of Rs.3.93 (~$0.0590)/kWh compared to the previous benchmark price of Rs.4.43 (~0.0665)/kWh. The developers will be bidding for additional viability gap funding (VGF) in addition to the tariff and can also use other available incentives like accelerated depreciation (AD), concessional customs and excise duties. However, developers cannot claim VGF and AD simultaneously.
November 08, 2016

Thermax and FRENELL Win Bids to Develop Integrated Thermal Solar Project for NTPC

The National Thermal Power Corporation (NTPC) has awarded an engineering procurement and construction (EPC) contract to Thermax, an Indian energy and environment company, and FRENELL, a German concentrated solar power (CSP) company (through its wholly owned subsidiary Novatec Solar Espana), to set up an integrated thermal solar project at NTPC Dadri premises in Uttar Pradesh.
November 07, 2016

1,965 MW of Solar Projects Commissioned in India in Current Financial Year

Cumulative solar installations in India have reached 8,728 MW as of the end of October 2016 with 1,965 MW commissioned in the current financial year (FY). The Ministry of New and Renewable Energy (MNRE) is targeting installations to reach 12 GW by the end of the current financial year.
November 07, 2016

11 MW of Canal Bank and Canal Top Solar Projects Commissioned in India

So far, 11 MW of solar canal bank and canal top projects have been commissioned in India. These projects are part of the MNRE’s program to develop 100 MW of grid-connected solar PV power projects on canal banks and canal tops throughout the country.
November 06, 2016

Greenko Completes SunEdison India Acquisition

Greenko Energy Holdings (Greenko) has completed the acquisition of SunEdison’s 587 MW Indian wind and solar projects for a cash payment of $42 million and assumption of project-level debt of $350 million (at an average interest rate of 11.3 percent). The enterprise value of the transaction is approximately $392 million.
November 05, 2016

Karnataka DISCOMs to Sign Supplemental PPAs with Developers

The power distribution companies (DISCOMs) in Karnataka have been asked by the state government to sign supplemental power purchase agreements (PPAs) with successful developers to set up 1,200 MW of solar projects across 60 taluks in the state. The supplemental PPA will correct clerical errors, such as locations, names of SPVs, and capacities of the original PPAs signed in June of 2016. The last date to sign the supplemental PPAs is November 15, 2016.
November 03, 2016

10 MW Solar Project Commissioned at Panipat Thermal Power Station in Haryana

Haryana Power Generation Corporation (HPGCL) has commissioned a 10 MW solar project at the premises of Panipat Thermal Power Station (PTPS) in Panipat. The project was set up by Sterling & Wilson for the project owner, HPGCL.
November 03, 2016

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in October 2016

Here is a glimpse of important data points and what made it to the headlines in the Indian renewable energy sector in the month of October.
November 02, 2016

834 MW of Solar Projects Tendered in October, in India

Solar projects were announced at a fast pace in India with a total of 834 MW of solar PV tendered in the month of October through programs like the State Renewable Purchase Obligation (RPO), the National Thermal Power Corporation’s (NTPC’s) Self-Owned Projects and State Specific Bundling, and Solar-Wind Hybrid energy and Rooftop Solar, both under the National Solar Mission.
November 02, 2016

India Renewable Energy Policy Roundup: October, 2016

Here is a policy roundup from central, state and government agencies from the month of October covering renewable energy in India.
November 01, 2016

SECI Invites Tenders to Set Up 1,000 MW of Interstate Transmission System Connected Wind Projects

The Solar Energy Corporation of India (SECI) has invited tenders to set up 1,000 MW of Inter-State Transmission System (ISTS)-connected wind power projects. The development is in line with Ministry of New and Renewable Energy’s (MNRE’s) program to set up wind power projects through reverse auctions. The MNRE has appointed SECI as the nodal agency to oversee the functionality of the program with the last date of bid submission of November 15, 2016.
November 01, 2016

GIPCL Issues Letters of Intent to Vikram Solar to Develop Two Solar Power Projects

The Gujarat Industries Power Company (GIPCL) has issued letters of Intent (LoI) to Vikram Solar to set up two solar power projects of 40 MW each at Charanka solar park. Vikram Solar has secured the engineering, procurement and construction (EPC) agreement to develop these projects. The scope of work also includes operation and maintenance services by Vikram for a 10-year period. The projects are scheduled to be commissioned by June, 2017.
October 27, 2016

Solar Leads Renewable Energy Installations in India in FY 2016

According to figures released by The Ministry of New and Renewable Energy (MNRE), 45,916 MW of renewable energy has been installed as of September 2016. Wind still accounts for the largest portion of the cumulative renewable energy capacity with 28 GW, but solar is catching up fast. Solar installations were ahead of other renewable sources in the current fiscal year, until September.
October 27, 2016

NHPC Issues Tender to Develop 50 MW Solar Project in Tamil Nadu

The National Hydroelectric Power Corporation (NHPC) has issued a notice inviting tenders (NIT) to set up a 50 MW solar project in the Theni and Dindigul districts in Tamil Nadu. The NHPC has also mandated that the bidder should be a single entity to participate in the bidding.
October 27, 2016

NTPC Retenders 250 MW Solar Project at Kadapa Solar Park

The National Thermal Power Corporation (NTPC) has invited bids to develop a 250 MW solar project at the Kadapa Solar Park in Andhra Pradesh. The project is to be developed under the National Solar Mission (NSM) Phase-II, Batch-II, Tranche-I; and will mark the completion of Tranche-I. The last date for bid submission is December 7, 2016.
October 26, 2016

Gamesa Inks EPC Contract with Atria Power to Develop 130 MW of Solar

Gamesa, a wind turbine manufacturer and project developer, announced that it will develop 130 MW of solar projects for Atria Power, a renewable energy project developer. The company has entered into an agreement with Atria Power for the engineering, procurement and construction (EPC) of one solar project each in Karnataka and Andhra Pradesh. Gamesa will also provide operations and maintenance services for the projects. This is the largest solar order received by Gamesa since its entry into India’s solar sector according to the company.
October 26, 2016

Suzlon to Partner with Ostro Energy to Set Up a 50 MW Solar Project in Telangana

Suzlon, a wind turbine manufacturer and renewable energy project developer, has entered into a joint venture with Ostro Energy, a wind energy project developer, for the development and construction of a 50 MW solar project at Wanaparthy, Telangana. The project is expected to be commissioned in financial year 2017, and marks Ostro Energy’s entry into the Indian solar sector.
October 25, 2016

Commissioning of 181 MW Solar Projects Extended in Uttarakhand

In Uttarakhand, 181 MW of solar projects (with an average tariff of Rs.5.78 (~$0.0863)/kWh) and an original commissioning schedule of October 2016 have been extended until March 31, 2017.
October 25, 2016

TPREL Signs PPA to Develop a 100 MW Solar Project at Anantapuram Solar Park

Tata Power Renewable Energy (TPREL), a wholly owned subsidiary of Tata Power, has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to develop a 100 MW solar project at the Anantapuram Solar Park in Andhra Pradesh under Phase II, Batch 3 of the National Solar Mission. The project is expected to be commissioned before October 16, 2017.
October 24, 2016

NTPC to Set Up 50 MW of Solar Power Projects with Battery Storage System at Port Blair

A Memorandum of Understanding (MoU) has been signed between the National Thermal Power Corporation (NTPC), Andaman & Nicobar Administration, and the Ministry of New and Renewable Energy (MNRE) for NTPC to set up 50 MW of solar projects with battery energy storage system at Port Blair, the capital of the Andaman & Nicobar Islands.
October 24, 2016

IDFC Alternatives Inks Rs.3.5 Billion Deal to Acquire 45 MW of Solar Projects from Punj Lloyd

IDFC Alternatives has signed a definitive agreement to acquire three solar projects aggregating 45 MW capacity from Punj Lloyd at an estimated enterprise value of Rs.3.5 billion - Rs.3.75 billion (~$52.3 – 56 million). These projects include one operational project of 5 MW capacity in Rajasthan, and two operational projects of 20 MW each in Punjab.
October 23, 2016

TANGEDCO Issues RfS to Procure 500 MW of Solar Power in Tamil Nadu, Any Takers?

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has issued a request for selection (RfS) to procure 500 MW of solar power from developers in Tamil Nadu through reverse auction. The bid submission deadline is November 18, 2016.
October 22, 2016

Jammu & Kashmir Energy Development Agency to Release Policy on Net Metering for Grid-Connected Rooftop Solar PV Projects

Jammu & Kashmir Energy Development Agency (JAKEDA) is expected to release a policy on net metering for grid-connected rooftop solar PV power projects. The projects will range from 1 kW up to a maximum of 500 kW, with or without battery back-up support. Relevant state authorities will have the right to undertake rooftop solar projects above 500 kW capacity through alternative mechanisms. The power purchase agreements (PPAs) will be signed for a 25-year period.
October 21, 2016

Suzlon to Set up 45 MW of Solar Projects in Telangana with Canadian Solar and Unisun Energy

Suzlon, an India wind and renewable energy company, announced that it will develop 45 MW of solar projects in Telangana, in partnership with Unisun Energy and Canadian Solar. The company recently won bids to develop 210 MW of solar projects in Telangana through a competitive bidding process and signed the power purchase agreements (PPAs) in February 2016. The 210 MW includes a 100 MW project, a 50 MW project and four projects of 15 MW each.
October 21, 2016

NTPC Invites Bids to Develop 17 MW Solar Project in Andaman and Nicobar Islands

The National Thermal Power Corporation (NTPC) has invited bids to develop a 17 MW grid-connected solar PV project in the village of Manglutan in South Andaman of the Andaman and Nicobar Islands. The project will be developed on a turnkey basis and will be awarded through a reverse auction. Bids will be accepted until December 22, 2016 and the auction results will be announced separately by the NTPC.
October 19, 2016

SECI Invites Bids to Develop a 5.76 MW Rooftop Solar Project in Uttar Pradesh

The Solar Energy Corporation of India (SECI) has issued a notice inviting tender (NIT) to set up a 5.76 MW grid connected rooftop solar project on behalf of Gas Authority of India Limited (GAIL). The project will be set up at GAIL Petrochemical Complex at Pata, Uttar Pradesh and is being developed under the domestic content requirement (DCR) category and Capex model.
October 19, 2016

Mercom Releases White Paper on India Solar Market at Intersolar India

Mercom India, an exclusive knowledge partner of Intersolar India, has released a whitepaper - India Solar Market Drivers and Challenges, in partnership with the Intersolar India conference, held in Mumbai from Oct 19 to Oct 21, 2016.
October 17, 2016

India Renewable Energy Policy Roundup: September 2016

Here is a policy roundup from central, state and government agencies from the month of September covering renewable energy in India.
October 17, 2016

India’s Renewable Energy Installed Capacity Doubles with the Inclusion of Hydro

At the recently conducted Power Ministers’ conference in Goa, Hydro power has been granted renewable energy status. It was also decided that a separate renewable energy purchase obligation (RPO) should be set up for the hydro power sector with state incentives to meet RPO compliance.
October 16, 2016

NTPC Invites Bids to Develop 8 MW Solar Project in Andaman and Nicobar Islands

The National Thermal Power Corporation (NTPC) has invited bids to develop an 8 MW grid connected solar PV project in the Andaman and Nicobar Islands. This project is part of the Ministry of New and Renewable Energy’s (MNRE) proposal to establish 100 MW of solar in the region.
October 15, 2016

Azure Power Global Shares Drop After IPO

Azure Power Global debuted on the New York Stock exchange as the first India solar company to go public in the U.S. under the trading symbol “AZRE”. The company had earlier revised its IPO filing to raise $75 million (~Rs.5 billion)from the previously announced $140 million (~Rs.9.32 billion) and offered 3,409,091 shares at a price of $18/share (~Rs.1,199), below the marketed price range of $21-$23/share (~Rs.1,399- Rs.1,532/share).
October 13, 2016

India Solar PV Imports and Exports Rising

India exported solar modules and cells worth $41 million (~Rs.2.74 billion) from April to July 2016, which was up 116 percent from the same time last year. During that same period India imported modules and cells worth $580 million (~Rs.38.78 billion), which was up 52 percent compared to the same four-month period (April-July) of 2015.
October 13, 2016

Kerala Targets 1 GW in Renewable Energy Installations to Meet Energy Demand

The renewable energy sector in Kerala could soon get a boost. The state plans to set up close to 1,000 MW of renewable energy projects comprising of solar and wind to meet its energy demand.
October 12, 2016

India Sees 1,465 MW of Solar Tenders and Auctions in September

Solar continues to grow at a fast pace in India with a total of 1,050 MW of solar PV auctioned and another 415 MW tendered in the month of September through programs like the Canal Top, State Specific Bundling, Viability Gap Funding (VGF) and Rooftop Solar under the National Solar Mission.
October 11, 2016

Chandigarh Administration Provides Incentives to Spur Rooftop Installations

The Administration of Union Territory (UT) of Chandigarh is providing incentives to spur rooftop installations by private developers. The Chandigarh administration has targeted rooftop installation goal of 50 MW by 2022. The incentives announced include a central subsidy of 30 percent and an incentive for Residents’ Welfare Associations (RWAs) in the UT.
October 10, 2016

NTPC to Set Up a 3.5 MW Solar and Wind Hybrid Project in Karnataka

The state-run power generator, National Thermal Power Corporation (NTPC), has issued a notice inviting tender (NIT) to set up a 3.5 MW solar+wind hybrid power project at NTPC Kudgi, Karnataka. The last date for bid submissions is November 10, 2016. NTPC will notify the winning bidder on November 30, 2016. The project will be allocated through competitive bidding.
October 09, 2016

Ministry of Power Announces Waiver of Inter-State Transmission Charges and Losses for Solar and Wind Projects

The Ministry of Power has announced a waiver of inter-state transmission charges and losses for wind and solar projects in a push to encourage the growth of renewable energy generation in the country. The waiver of transmission charges was initially announced in the revised tariff policy earlier in the year.
October 08, 2016

US Presses for Rapid Enforcement of WTO Ruling in India Solar Domestic Content Case

The United States is pressing the World Trade Organization (WTO) for rapid enforcement of findings where the WTO rejected India’s appeal of their ruling in favor of the U.S. challenge to the Domestic Content Requirements (DCR) for manufacturing solar cells and modules. The WTO found that India’s localization rules discriminate against U.S. manufacturers.
October 08, 2016

Maharashtra Becomes 17th State to Join UDAY

Maharashtra has joined the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY), becoming the 17th state to do so. The state is estimated to achieve a net benefit of Rs.97.25 billion (~$1.45 billion).
October 06, 2016

Solar Renewable Energy Certificate Trade Volume in 2016 Surpasses Last Year’s Numbers

Solar Renewable Energy Certificates (RECs) started trading in India in 2012 and they have been growing steadily since the first year trading volume of 6,288. In 2014, there was a slight dip from the previous year’s number (48,717 in 2013 and 43,260 in 2014), but this was compensated in 2015 with a more than 10 percent increase and trade volume of 494,470. The year-to-date trading volume has reached 506,148, already surpassing 2015 trade volume numbers.
October 06, 2016

India Ratifies Paris Climate Change Agreement

On October 2, 2016, India became the 62nd country to ratify the Paris Agreement. The agreement requires every ratifying member country to come up with a national plan to curb carbon emissions and rising temperatures. India has set a goal of generating 40 percent of its electricity from renewable energy sources, as part of its plan.
October 05, 2016

Azure Power Revises its IPO Down To $75 Million

Azure Power has revised its Initial Public Offering (IPO). With the revised filing, Azure Power plans to raise $75 million (~Rs.5 billion) in place of the previously proposed $140 million (~Rs.9.32 billion). This revision is in the wake of the company’s plan to raise $75 million (~Rs.5 billion) through a “concurrent private placement” with CDPQ Infrastructures, a wholly owned subsidiary of Caisse de depot et placement du Quebec, an institutional investor managing public and parapublic pension funds in Canada.
October 04, 2016

Power Ministry Looking into Stricter Enforcement of ‘Must Run’ Status for Renewable Projects

India’s Minister of State with independent charge for power, coal and renewable energy, Shri Piyush Goyal, spoke to reporters on the side-lines of Indian Electrical and Electronics Manufacturers’ Association (IEEMA) event and said that the Ministry of Power is looking into finding a solution to enforce or penalize states that flout the ‘must run’ status as reported by the Press Trust of India (PTI).
October 04, 2016

Installation Alert: Cumulative Solar Installations in India Cross 8.6 GW

Cumulative solar installations in India have reached 8,643 MW as of September 2016. Mercom is forecasting solar installations to reach approximately 4.8 GW for calendar year 2016. So far installations in calendar year 2016 have reached 3.3 GW.
October 04, 2016

NTPC Lists Green Masala Bonds Worth Rs.20 Billion on Singapore Stock Exchange

National Thermal Power Corporation (NTPC) has listed green masala bonds worth Rs.20 billion (~$300 million) on the Singapore Stock Exchange with a coupon rate of 7.375% per annum.
October 01, 2016

Indian States Submit Proposal to Replace 1 GW of Conventional Energy with Solar

The states of Andhra Pradesh, Bihar, Telangana, Chhattisgarh and Uttar Pradesh (UP) have submitted proposals to the Ministry of New and Renewable Energy (MNRE) to replace a combined 1,067 MW of energy from conventional power plants with solar.
October 01, 2016

Bid-Submission Deadline to Install 10 MW Solar Project at Paradip Port Trust Extended

The bid submission deadline to install a 10 MW solar power project at the Paradip Port Trust (PPT) premises in Odisha for self-consumption has been extended to October 7, 2016 according to a notification by the Solar Energy Corporation of India (SECI), which is carrying out the auction on behalf of PPT.
September 30, 2016

NTPC Invites Bids for 250 MW DCR Solar Projects at Pavagada Solar Park

The National Thermal Power Corporation (NTPC), the country’s single largest electricity generator, has invited bids for 250 MW of solar capacity in the Pavagada Solar Park in Karnataka as part of NTPC’s self-owned and developed project initiative.
September 30, 2016

IREDA Proposes Credit Enhancement Guarantee Program for Bond Issuance by Solar Developers

Indian Renewable Energy Development Agency (IREDA) has proposed a “credit enhancement guarantee program” aimed at bond issuance by project developers for solar and wind energy projects which have been in operation for a minimum of one year. Under this program, IREDA can extend a guarantee up to 25 percent of the proposed issue size of the bonds as per the latest audited balance sheet.
September 29, 2016

Solar Bids Hit Low of Rs.3/kWh in the SECI 500 MW Rooftop Auction

The Solar Energy Corporation of India (SECI) has released a country-wide list of lowest prices from the 500 MW rooftop capacity auction. The list reveals some of the lowest tariffs ever quoted for rooftop projects including subsidies.
September 28, 2016

HERC Quadruples Incentives Provided for Rooftop Solar in Haryana

The Haryana Electricity Regulatory Commission (HERC) has raised the incentive offered by the state government for rooftop solar systems. Starting August 2016 through the end of the current financial year, residential consumers opting to install solar rooftop systems will receive an incentive of Rs.1 (~$0.015)/kWh, four times the previous incentive of Rs.0.25 (~$0.00375)/kWh.
September 28, 2016

Low Demand and Financial Health of State DISCOM Forces MAHAGENCO to Shut Down Power Projects - Solar Not Affected

Maharashtra State Power Generation Company (MAHAGENCO) has been forced to shut down four of its thermal power projects in the state due to poor offtake by the state power distribution company (DISCOM), Maharashtra State Electricity Distribution Company (MSEDCL).
September 27, 2016

Madhya Pradesh Announces Decentralized Renewable Energy Policy with a Focus on Rooftop Solar

Madhya Pradesh has released its “Renewable Energy Policy for Decentralized Renewable Energy Systems, 2016” after receiving cabinet approval in Bhopal on Friday, September 23. The policy is expected to drive the growth of the rooftop solar segment in the state.
September 25, 2016

Azure Power Sets Terms for IPO on NYSE

Azure Power, an Indian solar project developer, has set terms for its initial public offering (IPO) in New York. The IPO will comprise of 6.82 million shares priced between $21 (~Rs.1,403) and $23 (~Rs.1,537).
September 23, 2016

APERC Proposes New RPO Targets

The Andhra Pradesh Electricity Regulatory Commission (APERC) has proposed a new renewable purchase obligation (RPO) target for the next five years. The commission has proposed an extremely aggressive RPO target of 25.25 percent for the FY 2021-22, which includes a solar RPO of 12.75 percent.
September 22, 2016

SECI Auctions 450 MW of Solar Capacity in Maharashtra, Average VGF Bids fall by 62%

The Solar Energy Corporation of India (SECI) has auctioned off 450 MW of solar projects to be developed in Maharashtra as part of the National Solar Mission (NSM) Phase-II, Batch-IV, Tranche-III auction.
September 22, 2016

TNERC Tariff Order of Rs.7.01/kWh Appealed by Energy Watchdog

Energy Watchdog, an NGO, has filed a petition against Tamil Nadu Electricity Regulatory Commission (TNERC) and Tamil Nadu Generation and Distribution Corporation (TANGEDCO) for extending the control period for solar power tariff of Rs.7.01 (~$0.1044)/kWh by one year.
September 22, 2016

NTPC Auctions 100 MW DCR Category Solar Projects

The National Thermal Power Corporation (NTPC) has auctioned 100 MW under the domestic content requirement (DCR) category at the Pavagada solar park in Tumkur, Karnataka. The winning projects of 50 MW each will be developed under National Solar Mission (NSM), Phase-II, Batch-II, Tranche-I. The auction is part of NTPC’s target of installing 3,000 MW solar projects under State Specific Bundling Program.
September 22, 2016

Adani Commissions 648 MW Solar Project in Tamil Nadu After Evacuation Delays

Adani Green Energy has successfully commissioned a 648 MW solar project in Kamuthi, Tamil Nadu. Mercom had previously reported that 360 MW out of the total capacity of 648 MW had been commissioned in March 2016 with the remaining 288 MW delayed due to evacuation issues. This latest announcement confirms the full 648 MW solar project has been connected to the grid.
September 21, 2016

With Low Demand and Cheaper Power on Exchanges, DISCOMs Flouting Solar’s ‘Must Run’ Status

DISCOMs, which continue to have financial struggles, are purchasing cheaper power from the exchanges, which is resulting in curtailment issues for solar power. Some DISCOMs are simply resorting to power cuts as they cannot afford to even purchase power at low rates on the exchanges. Some states have surplus power but still don’t supply power 24/7 for fear of losses due to low tariffs from residential and agricultural customers.
September 19, 2016

India Loses WTO Solar Appeal but May Find Other Ways to Subsidize Domestic Manufacturers

The World Trade Organization (WTO) upheld its earlier ruling and has rejected India’s appeal against Domestic Content Requirements (DCR) for manufacturing solar cells and modules and agreed that India’s localization rules discriminate against U.S. manufacturers.
September 15, 2016

September Snapshot on the India Solar Sector from Developers and Bankers

Get a snapshot of what solar project developers and lenders are saying about the India Solar Sector - Mercom's quarterly report just released.
September 07, 2016

Adani Has the Largest Solar Project Pipeline in India, Tata Power Leads with Installed Capacity and Rooftop Installations

According to Mercom Capital Group’s latest report on the India Solar sector, large scale project development in India is largely fragmented but we are starting to see a shift towards the sector dominated by large corporations and private equity-backed players.
September 01, 2016

Solar Installations in India to Reach 4.8 GW in 2016 with a 21 GW Development Pipeline

India has reached 2.8 GW in solar installations year-to-date and cumulative installations have reached 8.1 GW as of August 2016. Mercom forecasts about 4.8 GW of solar to be installed in calendar year 2016. The solar project pipeline in India is now approximately 21 GW, with 14 GW under development and 7 GW scheduled to be auctioned.
June 06, 2016

Solar Fastest Growing New Energy Source in India, Installations Surge in First 5 Months of 2016, Exceeding All of Previous Year

Mercom Capital Group, a global clean energy communications and research firm released its quarterly update on the Indian solar market today.
March 08, 2016

Solar Installations in India to Double in 2016 with More than 4 GW, Reports Mercom Capital Group

Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar market. Mercom forecasts more than 4 GW in total solar installations for the 2016 calendar year, nearly 100 percent year-over-year (YoY) growth from the 2015 total of 2,133 MW.
November 17, 2015

Mercom Capital Group Forecasts 3.6 GW of Solar Installations in India for 2016

Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar market.
August 18, 2015

Indian Solar Market Ready to Takeoff Says Mercom Capital Group Raising Solar Installation Forecast to 2.5 GW for 2015

Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar market.
May 19, 2015

Mercom Capital Group Raises Indian Solar Forecast to Over 2 GW for 2015

Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar market.
February 24, 2015

Indian Solar Installations Totaled 883 MW in 2014; Breakout Year Ahead After 3 Years of Stagnant Growth

Mercom Capital Group, a global clean energy communications and consulting firm, today released its quarterly update on the Indian solar market.
November 18, 2014

Cumulative Solar Installations in India Reach 3,000 MW, Mercom Capital Group Forecasts Installations to Double in 2015

Mercom Capital Group, a global clean energy communications and consulting firm, released its quarterly update on the Indian solar market.
September 29, 2014

India Solar Policy Update

There have been a slew of official and unofficial solar policy announcements coming out of India recently. Though most of these are still preliminary, the new announcements by the NDA administration can be categorized into three separate programs.
September 02, 2014

India Solar Market Quarterly Update: With Antidumping Case Behind it, Indian Solar Industry Looks to Refocus on Growth

Mercom Capital Group, a global clean energy communications and consulting firm, released its quarterly market update and revised its Indian solar installation forecast for 2014 to approximately 900 MW.
July 22, 2014

Wind Energy Sector Receives $4 Billion in Corporate Funding, Reports Mercom Capital Group

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the wind sector during the second quarter of 2014.
July 21, 2014

VC Funding in Smart Grid Comes in at $81 Million in Q2 2014, Reports Mercom Capital Group

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the smart grid sector for the second quarter of 2014.
July 07, 2014

Mercom Capital Group Reports Solar Q2 2014 Funding: $6.3 Billion in Total Corporate Funding; $432 Million in VC Funding; $1.3 Billion in Third-party Funds

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report today on second quarter funding and mergers and acquisitions (M&A) activity for the solar sector in 2014.
July 01, 2014

Both Commercial and Residential Respondents Show Strong Support For Solar Subsidies Compared to Fossil Fuels, Mercom Capital Group’s India Consumer Survey Reveals

The “India Consumer Perceptions on Renewable Energy Survey,” conducted by Mercom Communications India, a wholly-owned subsidiary of Mercom Capital Group, llc, a global communications and consulting firm, focused on gauging people’s and businesses’ perception and attitudes toward non-conventional sources of energy in India. Over 1,700 residential and commercial and industrial customers were surveyed.
June 27, 2014

Both Commercial and Residential Respondents Favor Solar Power, Mercom Capital Group’s India Consumer Survey Reveals

The “India Consumer Perceptions on Renewable Energy Survey,” conducted by Mercom Communications India, a wholly-owned subsidiary of Mercom Capital Group, llc, a global communications and consulting firm, focused on gauging people’s and businesses’ perception and attitudes toward non-conventional sources of energy in India. Over 1,700 residential and commercial and industrial customers were surveyed.
June 24, 2014

Commercial and Residential Consumers Say it is Important for India to Develop and Use Solar Power, Mercom Capital Group’s India Consumer Survey Reveals

The “India Consumer Perceptions on Renewable Energy Survey,” conducted by Mercom Communications India, a wholly-owned subsidiary of Mercom Capital Group, llc, a global communications and consulting firm, focused on gauging people’s and businesses’ perception and attitudes toward non-conventional sources of energy in India. Over 1,700 residential and commercial and industrial customers were surveyed.
June 19, 2014

94 Percent of Commercial Establishments Say Steady Power Supply Can Bring a Moderate to Great Improvement in Their Businesses, Mercom Capital Group’s India Consumer Survey Reveals

The “India Consumer Perceptions on Renewable Energy Survey,” conducted by Mercom Communications India, a wholly-owned subsidiary of Mercom Capital Group, llc, a global communications and consulting firm, focused on gauging people’s and businesses’ perception and attitudes toward non-conventional sources of energy in India. Over 1,700 residential and commercial and industrial customers were surveyed.
June 12, 2014

Mercom Capital Group’s India Consumer Survey Reveals Consumer Attitudes toward Renewable Energy Sources, Impact of Power on Business

Mercom Capital Group today released results of a consumer perception study on renewable energy, focused on gauging people’s and businesses’ perceptions and attitudes toward non-conventional sources of energy in India. Over 1,700 residential and commercial and industrial customers were surveyed.
May 26, 2014

Indian Ministry of Trade and Commerce Recommends Anti-dumping Duty on Solar Cell Imports From China, US, Malaysia, and Taiwan

The Indian Ministry of Trade and Commerce has concluded its solar anti-dumping investigations and has recommended imposition of anti-dumping duties on solar cell imports from China, U.S., Malaysia, and Taiwan. This by no means is a done deal as this recommendation now moves to the Ministry of Finance which has to make the final decision. The Finance Ministry should decide on this sooner than later as project development in India will be in a state of freeze until there is absolute clarity around the issue.
May 20, 2014

India Solar Market Quarterly Update: Mercom Capital Group Cautiously Reiterates India Solar Installation Forecast, All Eyes on India’s New Government to Get the Industry Back on Track

Mercom Capital Group, a global clean energy communications and consulting firm, today announced that it is cautiously reiterating its Indian solar installation forecast at approximately 1,000 MW in 2014.
April 07, 2014

Solar Sector Sees Strong Q1 with $7 Billion in Total Corporate Funding Reports Mercom Capital Group

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report today on first quarter funding and mergers and acquisitions (M&A) activity for the solar sector in 2014.
February 24, 2014

Mercom Capital Group Updates Indian Solar Installation Forecast to About 1 GW in 2014

Indian solar installations are forecast to be approximately 1,000 MW in 2014, according to Mercom Capital Group, llc, a global clean energy communications and consulting firm.
January 21, 2014

Wind Sector VC Funding Reaches $455 Million in 2013, Project Funding $18.1 Billion

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the wind sector for 2013.
January 06, 2014

$600 Million in VC funding for Solar in 2013, Strong Public Market Financings, Project Funding Activity

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisition (M&A) activity for the solar sector in 2013.
November 18, 2013

Indian Solar Quarterly Market Update - Forecasting a Better 2014 after a Lackluster Year

It has been a quiet year for the Indian solar sector, with installations at 900 MW so far this year and final numbers forecasted to be similar to last year. With 420 MW of CSP projects missing commissioning dates, India is not likely to register any significant year-over-year installation growth for 2013, even as global solar market is forecasted to grow ~20%.
October 22, 2013

Wind sector VC funding comes in at $135 million in Q3 2013, project funding totals $3.7 billion, reports Mercom Capital Group

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the wind sector during the third quarter of 2013.
October 07, 2013

Solar sector sees $207 million in VC funding, strong project funding and M&A activity in Q3 2013, reports Mercom Capital Group

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report today on third quarter funding and mergers and acquisitions (M&A) activity for the solar sector. Global venture capital (VC) funding in Q3 2013 totaled $207 million, up slightly from the $189 million raised in Q2 2013. VC funding was distributed across technology groups this quarter with PV companies receiving the most, $57 million.
August 19, 2013

Indian Solar Quarterly Market Update

The fundamentals of the solar sector have shifted. After years of panel price drops, module prices have gone up this year by about 10 percent, while the rupee has fallen about nine percent. As this occurs, policy, with all its changes and delays, have not been able to keep up with the rapidly changing solar market environment.
July 23, 2013

Wind sector VC funding comes in at $210 million in Q2 2013, strong project acquisition activity

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the wind sector during the second quarter of 2013.
July 08, 2013

Solar sector sees $189 million in VC funding, $1.3 billion in M&A, in Q2 2013 reports Mercom Capital Group

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the solar sector during the second quarter of 2013.
June 17, 2013

Global Solar Forecast – Growth Story Overshadowed by Trade Wars

Amid all the bad news, bankruptcies and trade cases, global solar installations in 2012 totaled about 31 GW, a 13 percent year-over-year growth in a tough year. Demand for solar in 2013 looks promising despite the uncertainty surrounding the China-European Union (EU) trade case. A big reason for the improved outlook is due to the rise of Japan’s solar market, which is on pace to install in excess of 7 GW, compensating for the pullback in demand from Germany and Italy.
May 20, 2013

Indian Solar Market Update – 2nd Quarter 2013

Current cumulative solar installations in India stand at 1,761 MW with about 557 MW installed so far in 2013. With most of the CSP projects that were due to be commissioned in May 2013 delayed, the forecast for installations in 2013 looks flat compared to 2012. Only about 60 percent of the targeted installation goal has been achieved so far despite the commissioning deadline of Phase 1 of JNNSM ending in May. Considering India is an emerging solar market where the growth rate is expected to be much higher than other parts of the world, installations in 2013 will likely end up disappointing the markets. The current solar policy environment looks more like an experiment than a serious policy that will help solve the current power crisis in India.
March 04, 2013

With Chronic Power Shortages and 400 Million without Power, India Losing Sight of Big Picture with Solar Anti-Dumping Case

Before examining the reasons surrounding India’s solar manufacturing anti-dumping investigation, one overarching point must be made clear: India needs power. It is estimated that there are roughly 400 million Indians without access to power – roughly a third of the country, according to World Bank.
February 17, 2013

Indian Solar Market Update – 1st Quarter 2013

India installed -980 MW in 2012, slightly lower than our forecast of 1,090 MW. This was largely due to delays in Gujarat to commission 144.5 MW of PV projects; most states missed their renewable portfolio obligations (RPO) goals as enforcement is almost non-existent. Cumulative installations to date in India now stand at over 1.2 GW. In addition, there are 340 MW of PV projects due to be connected to the grid in March 2013 under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase I, Batch 2 policy. We are forecasting India to install another 1.3 to 1.4 GW in 2013.
November 15, 2012

The Next Phase- Indian Solar Market Update for 3rd Quarter 2012

There was not a lot of movement in terms of solar installations in India in Q3 2012. Cumulative solar installations stood at 1,045 MW as of November 1, 2012, but there are about 1.1 GW of solar projects that are due to be installed in the next six months, including approximately 275 MW of PV projects in Gujarat with a deadline of December 31, 2012 and 340 MW of PV projects under the Jawaharlal Nehru National Solar Mission (JNNSM), due by March 2013. Another 27.5 MW of CSP projects, which were part of the JNNSM Migration scheme, are due by February 2013 along with 470 MW of JNNSM Batch II CSP projects are due by May 2013.
September 16, 2012

Global Solar PV Installations in 2012 to Grow Despite Strong Headwinds

Solar demand continues to defy odds so far in 2012, which may result in another year of growth contrary to pessimistic views early in the year. Module prices continue to fall spurring demand. Tier 1 modules are now in the ~$0.70 range, after falling about 20 percent this year, and about 60 percent since the beginning of 2011. Negative forecasts have turned positive.
September 07, 2012

Indian Solar Market Update – 2nd Quarter 2012

India has crossed the symbolic milestone of 1 GW in installations this year; at the time of this update, cumulative solar installations in India stood at approximately 1,040 MW. India can proudly boast that it has overcome the uncertainties and growing pains to establish itself as one of the top solar markets going forward. The Indian solar market is driven by Jawaharlal Nehru National Solar Mission (JNNSM) with a goal to install 20 GW of solar power by 2022, however state solar policies, state level RPOs and off grid projects are quickly catching up.
August 06, 2012

Insight into the Grid Failure in India

The massive grid failure in India last week affected over 600 million people. With speculations abound as to the reasons for the failure, we decided to talk to engineers working at the load despatch centers on the ground to get a firsthand understanding of what really happened.
July 26, 2012

Mercom Capital Group Reports Second Quarter 2012 Funding and M&A Activity for the Wind Sector - Indian companies active in VC and M&A transactions

Mercom Capital Group, llc, a global communications and consulting firm, today released its report on funding and merger and acquisition (M&A) activity for the wind sector during the second quarter of 2012.
July 11, 2012

Mercom Capital Group Reports Second Quarter 2012 Funding and M&A Activity for Solar Sector

Mercom Capital Group, llc, a global clean energy communications and consulting firm, today released its report on funding and mergers and acquisition (M&A) activity for the solar sector during the second quarter of 2012.
April 02, 2012

Will India join the 'Gigawatt Club' this year?

After over two years of policy deliberations and growing pains, India is finally seeing solar installations in meaningful numbers. India’s solar market is primarily driven by the national government’s Jawaharlal Nehru National Solar Mission (JNNSM) with a goal to install 20 GW of solar power by 2022, in addition to other state policies. The state of Gujarat has already installed 655 MW of its 968.5 MW goal. At the time of this update, cumulative Indian PV installations stood at 964 MW of which 745 MW has been commissioned so far in 2012.
January 10, 2012

Mercom Capital Group: 2011 Sees $1.9 Billion in Solar Venture Capital, $4 Billion in M&A - $95 Million in Solar VC Funding, Over $1 Billion in Project Funding Goes to India

Mercom Capital Group, llc, a global clean energy communications and consulting firm, today released its annual and fourth quarter funding and merger and acquisition (M&A) activity report for the solar sector in 2011. “As the nation’s solar policies take shape, India is finally on the world’s solar funding map. Most investors that participated in Indian large-scale solar projects were export banks, government or state-owned banks. For India’s solar industry to truly thrive there needs to be a conducive environment to attract more robust participation from private financial institutions,” said Raj Prabhu, managing partner of Mercom.
January 03, 2012

India: It’s time for results

There has been a flurry of activity in the Indian solar sector in the fourth quarter, as 350 MW of Phase 1 Batch II photovoltaic (PV) projects were announced under the Jawaharlal Nehru National Solar Mission (JNNSM). In addition, the industry anxiously waits to see how many projects were successfully completed as Gujarat projects were due for completion at the end of December 2011, and JNNSM Phase 1 Batch II projects were due for completion on January 10, 2012.
October 11, 2011

India Third Quarter Solar Market Update - Indian Solar Market Shifts Gears into Phase 1 – Batch 2

The Ministry of New and Renewable Energy (MNRE) announced in August that 35 of the 37 photovoltaic (PV) projects amounting to 140MW were able to submit evidence of funding and all of the seven concentrated solar power (CSP) projects amounting to 470MW were able to secure funding under Phase 1, Batch 1 of JNNSM. This is a very optimistic sign for the JNNSM solar program as there were doubts about the ability to secure funding on most of the projects due to the low bids submitted. What is not clear is if these projects were mostly funded by banks and financial institutions as project funding or if they were primarily funded through balance sheet funding. All PV projects in Batch 1 are due to be commissioned around the second week of January 2012 and Batch 1 CSP projects are due to be commissioned in May of 2013.
September 22, 2011

Awareness of renewable energy and energy efficiency low in India, according to survey by Mercom Capital Group

According to a first-of-its-kind survey conducted by Mercom Capital Group titled 'India Renewable Energy Awareness Survey,' only 56% of Indian consumers have heard of 'renewable energy' or 'clean energy', and only 27% of consumers have heard of 'energy efficiency'. Although awareness was low, 71% of Indian consumers surveyed are willing to pay higher rates for electricity from renewable energy sources.
August 29, 2011

India announces Guidelines for bidding of 350MW Solar PV projects for Phase 1, Batch 2 under India's National Solar Mission

New guidelines were issued by Ministry of New and Renewable Energy and the present set of guidelines is applicable to the Second Batch of the photovoltaic projects to be selected during 2011-12. These guidelines will have no bearing on the projects which were selected in the First Batch in 2010-11. There are several changes in the guidelines for batch 2 compared to the guidelines of batch 1.
July 12, 2011

India Second Quarter Solar Market Update - Did India Get Their Solar Policy Right on the First Go?

By the end of the second quarter 2011, the whole of India’s solar sector was waiting anxiously for the looming deadline of July 9th - the date that project developers were to have secured funding for JNNSM Phase 1 (Batch 1) projects. This date has gained even more significance after the Secretary of Ministry of New and Renewable Energy (MNRE) publicly stated that projects that did not receive funding by this date would not get an extension, with outright project cancellations to follow. Companies were given six months from the PPA signing date to secure their financing.
April 06, 2011

India First Quarter Solar Market Update - Focus on India’s solar policy framework

After the launch of India’s Jawaharlal Nehru National Solar Mission (JNNSM), the world’s solar markets have been closely monitoring its progress. Particular interest is focused on the program’s movement from the policy stage into execution. In its first quarterly report on the region, Mercom Capital Group discuses its progress.
November 08, 2010

Delhi International Renewable Energy Conference (DIREC) India 2010 Wrap-Up; Impressive attendance, everybody wants to be a part of the growing sector but how?

With more than 9,000 delegates, over 250 speakers and 600 exhibitors from 50 countries, DIREC 2010 turned out to be the most significant event for renewable energy held in India this year.
August 16, 2010

India's Solar Opportunities and Challenges - A perspective on JNNSM selection guidelines for grid-connected solar projects

India's Jawaharlal Nehru National Solar Mission (JNNSM), a major initiative of the government of India, has set itself a goal of creating an enabling policy framework for deploying 20GW of solar power by 2022. India's objectives and intentions are commendable. Yet, as we have seen globally, once governments announce their intentions to develop a solar incentive program - a variety of interest groups, each with their own agenda, get involved to put their stamp on the policy. The final output of the recently released policy guidelines reflects both the overarching objectives of developing clean solar power, addressing power shortages and stakeholder concessions.
July 31, 2010

Indian Solar Industry - Cautiously Optimistic

Mercom Communications India, Pvt. Ltd., a subsidiary of Mercom Capital Group, a clean energy communications and consulting firm attended the SOLARCON India 2010 conference held in Hyderabad last week. Having also attended 2009 SOLARCON, the difference in the mood was evident, with a rush of participant interest and enthusiasm. In 2009 participants were unsure of what the future of the sector had in store for them and relied on speculation about the future of the industry, whereas this year the conversation centered on achieving targets set by the ambitious Jawaharlal Nehru National Solar Mission (JNNSM).
August 14, 2009

It's Heating up in India - Highlights from the 3rd Renewable Energy India 2009 Expo

The 3rd Renewable Energy India 2009 Expo held in New Delhi, India on Aug 10-12, 2009, had an impressive turnout from around the world. The event echoed the mood of the renewable energy industry in India, upbeat, yet uncertain. The participants were very excited about the future of renewable energies but were unsure about the effects of the global recession and the support the renewable energy sectors will receive from the Government of India.
Mercom Capital: India News & Analysis
 
 
HOME | OUR TEAM | HOW WE CAN HELP | PUBLIC RELATIONS
FINANCIAL COMMUNICATIONS | MARKET INTELLIGENCE | NEWS ROOM | CASE STUDIES | CAREERS | MERCOMINDIA | DISCLAIMER | CONTACT
© 2016 by Mercom Capital Group, LLC. All Rights Reserved.


Mercom Capital Group
Clean Energy Communications and Consulting
Public Relations, Community Relations, Investor Relations
Austin, Texas; Bangalore, India