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June 27, 2017

Raipur Smart City Tenders 2 MW Grid-Connected Solar Rooftop Systems

The municipal corporation of Raipur Smart City Limited tendered 2,155 kW of solar rooftop systems to be developed on Government buildings in Raipur. The bid submission deadline is July 13, 2017.
June 27, 2017

NALCO Tenders 50 MW Solar Project

The National Aluminum Company Limited (NALCO) tendered a 50 MW solar project on Engineering Procurement and Construction basis (EPC) to be developed in any state in India. The bid-submission deadline is August 22, 2017. This is a global tender and the project can be developed in any solar-rich state in India.
June 27, 2017

BHEL to Develop 15 MW Solar Project for GACL at Charanka in Gujarat

Bharat Heavy Electricals Limited (BHEL) will develop a 15 MW solar project for Gujarat Alkalies and Chemical Limited (GACL) at Charanka in Gujarat.
June 26, 2017

Weather Portal for Power Sector launched in India

A weather portal for the power sector developed by the Power System Operation Corporation (POSOCO) and India Meteorological Department (IMD) and a web portal named MERIT (Merit Order Dispatch of Electricity for Rejuvenation of Income and Transparency) were launched by the Minister for Power, Government of India. The portals were launched by Shri Piyush Goyal, Union Minister of State for Power, at the meeting of the Forum of Regulators according to a government release.
June 26, 2017

Uttar Pradesh New and Renewable Energy Development Agency Issues Draft Solar Power Policy 2017

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has issued the ‘Draft Solar Power Policy-2017’ for Uttar Pradesh. When made official, the policy will remain in operation for a period of five years or until the government issues a new policy.
June 26, 2017

Udaipur Smart City Tenders 2 MW of Rooftop Solar

The municipal corporation of Udaipur Smart City Limited (USCL) tendered 2 MW of rooftop solar to be developed on selected buildings in Udaipur. The bid submission deadline is July 26, 2017.
June 25, 2017

TANGEDCO Proposes Cuts to Net-Metering Rates for Solar Customers

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has proposed adopting a revised accounting methodology to cut back on tariffs for the existing net-metering program in the state. TANGEDCO has cited various reasons for the cut, including recent record low tariffs and losses incurred in wheeling and banking of wind energy.
June 25, 2017

Sanjay Gandhi Post Graduate Institute of Medical Sciences to Develop 1 MW Solar Project

The Sanjay Gandhi Post Graduate Institute of Medical Sciences, located in Raebareli, Uttar Pradesh, has invited expression of interest (EOI) from developers and contractors to develop a 1 MW solar project. The last date of EOI submission is July 20, 2017.
June 25, 2017

MNRE Amends Guideline for Implementation of 5,000 MW VGF Program

The Ministry of New and Renewable Energy (MNRE) has amended the guidelines for the implementation of 5,000 MW viability gap funding (VGF) program for solar under National Solar Mission (NSM) Phase-II Batch-IV.
June 23, 2017

United States to Provide $7.5 Million for Enhancement of India’s Power Grid

The United States will provide India with $7.5 million to improve the national grid. The fund is provided by Department of Energy (DOE), United States Government, and will go towards running a joint U.S.-India five-year project that will help advance the development of the power grid.
June 22, 2017

MAHAGENCO Invites Expression of Interest to Develop 500 MW Solar Park and 1,500 MW Solarization of Agriculture Feeder

The Maharashtra State Power Generation Company (MAHAGENCO) has invited an expression of interest from developers, engineering procurement construction (EPC) contractors, and investors to develop a 500 MW solar park in Dondaicha and 1,500 MW solarization of agriculture feeder across the state.
June 22, 2017

Yes Bank Signs Green Finance Charter with FMO, DEG and Proparco

Yes Bank, FMO (the development bank of the Netherlands), DEG (the development bank of Germany) and Proparco (the development of France) signed a Green Finance Charter for green finance in India.
June 22, 2017

PGCIL Commissions 400 kV Lucknow-Kanpur Transmission Line

The Power Grid Corporation of India Limited (PGCIL) has commissioned the 400 kV DC Lucknow-Kanpur transmission line with associated bays in Lucknow.
June 22, 2017

SECI Tenders 750 MW of Solar at the Bhadla Solar Park to Leverage ISTS Waiver

The Solar Energy Corporation of India (SECI) has tendered a total of 750 MW of solar at the Bhadla Solar Park in Rajasthan, following the inter-state transmission (ISTS) waiver which was extended last week. The entire power generated will be evacuated to Uttar Pradesh for fulfilling demand.
June 22, 2017

Energy Conservation Building Code 2017 Launched

The Energy Conservation Building Code (ECBC) 2017 was launched by Piyush Goyal, Minister of Power. The adoption of ECBC is expected to lead to 30 percent-50 percent energy savings by commercial buildings.
June 21, 2017

Azure Power Records Revenues of $20.3 Million for the Quarter Ending March 31, 2017

Azure Power (NYSE: AZRE) announced its consolidated financial results for the fiscal fourth quarter 2017, period ending March 31, 2017. The company declared revenue of $20.3 million for the quarter ending March 31, 2017, which is 72 percent more than the quarter ending March 31, 2016.
June 21, 2017

SECI Looks to Repeat its Success with Another 750 MW Solar Tender at Bhadla Solar Park

The Solar Energy Corporation of India (SECI) has tendered another 750 MW of solar at Bhadla. The capacity tendered includes, 500 MW of solar at Bhadla Phase-III solar park and 250 MW of solar at Bhadla Phase-IV solar park. This is a global tender; any company or developer can participate regardless of location.
June 21, 2017

Sterling & Wilson to Develop World’s Largest 1,177 MW Solar Project in Abu Dhabi

Sterling & Wilson has won an engineering procurement and construction (EPC) bid to develop a 1,177 MW solar project in Sweihan in the Emirates of Abu Dhabi. Once complete, the project will be the largest solar project at a single location. The timeframe to complete the project is estimated to be 23 months.
June 21, 2017

NHPC Awards a 50 MW Solar Project to Larsen & Toubro

The National Hydroelectric Power Corporation (NHPC) has signed an engineering, procurement, and construction (EPC) contract with Larsen & Toubro to develop a 50 MW grid-connected solar project in the Theni and Dindigul districts in Tamil Nadu.
June 20, 2017

Indian Energy Exchange (IEX) to Launch IPO

The Indian Energy Exchange (IEX), India’s power trading platform, is expected to launch an initial public offering (IPO) soon. The IEX filed draft papers with the Securities and Exchange Board of India (SEBI) for the IPO launch.
June 20, 2017

Military Engineering Services Tenders 2 MW of Solar at Meerut Cantonment

The Military Engineering Services (MES) tendered a 2 MW solar project to be developed at Meerut Cantonment in Uttar Pradesh. The bid-submission deadline is July 22, 2017.
June 20, 2017

Military Engineering Services Tenders 2 MW Solar Project at CME Pune

The Military Engineering Services (MES) tendered a 2 MW solar project to be developed at the College of Military Engineering (CME) Pune. The bid-submission deadline is July 6, 2017.
June 20, 2017

NTPC Commissions 225 MW of Solar at Mandsaur in Madhya Pradesh

The National Thermal Power Corporation (NTPC) has commissioned 225 MW of solar out of the 250 MW solar project being developed at Mandsaur in Madhya Pradesh.
June 19, 2017

TANGEDCO Tenders 500 MW of Wind to Meet RPO

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) tendered 500 MW of wind. The bid-submission deadline is July 18, 2017. The TANGEDCO will sign 25-year power purchase agreements (PPAs) with the successful bidders.
June 19, 2017

Central Railways Tenders 1 MW Rooftop Solar Project in Mumbai

The Central Railways tendered a 1 MW rooftop solar project to be developed at the Central Railways carriage workshop at Matunga in Mumbai. The bid-submission deadline is July 3, 2017.
June 18, 2017

Indian Solar Imports Grow 36 Percent Year-over-Year, Exports Decline 60 Percent in FY 2016-17

In the financial year (FY) 2016-17, import and export activity totaling $3.27 billion (~Rs.218.8 billion) was registered in the Indian solar sector according to Department of Commerce data. This was $749 million (~Rs.52.3 billion) more compared to the $2.52 billion (~Rs.166.6 billion) in FY 2015-16.
June 16, 2017

Waiver Period for Inter-State Transmission Charges and Losses for Solar Projects Extended to December 31, 2019

The waiver period for inter-state transmission (ISTS) charges and losses for solar projects has been extended to December 31, 2019. This waiver applies to solar projects that are commissioned on or before December 31, 2019; these projects will not be subject to ISTS charges. The waiver will be applicable for a period of 25 years from the date of commissioning.
June 16, 2017

Azure Power Secures $10.5 Million from State Bank of India for Rooftop Solar

The State Bank of India (SBI), has issued a loan Rs.68.3 million (~$10.5 million) to Azure Power, an Indian solar power producer. The loan has been provided under the State Bank of India (SBI)-World Bank Grid Connected Rooftop Solar PV Program.
June 16, 2017

NTPC Tenders 250 MW of Wind

The National Thermal Power Corporation (NTPC) tendered 250 MW of wind to be developed across the states of Gujarat, Andhra Pradesh, Karnataka, and Madhya Pradesh in India. The bid-submission deadline is August 4, 2017.
June 16, 2017

GUVNL Tenders 500 MW of Grid-Connected Solar in Gujarat

The Gujarat Urja Vikas Nigam Limited (GUVNL) tendered 500 MW of solar to be installed across the state of Gujarat. The bid-submission deadline is July 10, 2017.
June 16, 2017

GUVNL Tenders 500 MW of Wind in Gujarat to Meet RPO

The Gujarat Urja Vikas Nigam Limited (GUVNL) tendered 500 MW of wind to be installed across the state of Gujarat. The bid-submission deadline is July 10, 2017.
June 15, 2017

BREAKING: TANGEDCO Receives Technical Bids Aggregating 3,700 MW in Response to a 1,500 MW Solar Tender

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has received technical bids aggregating 3,700 MW in response to a 1,500 MW solar tender issued in May 2017.
June 15, 2017

Mercom Exclusive: Anti-Dumping Petition from Indian Solar Manufacturers Comes at a Crucial Time as Solar Becomes Cheaper than Coal

The Indian Solar Manufacturers Association (ISMA) filed a new anti-dumping petition against solar imports from China, Taiwan, and Malaysia with the Directorate General of Anti-Dumping (DGAD), Ministry of Trade and Commerce, requesting levy of interim duty on importers. As per Mercom’s reporting, the Ministry of Trade and Commerce has yet to accept or send official notification regarding the petition, which was filed on June 5, 2017.
June 15, 2017

Military Engineering Services Tenders 6 MW of Solar in Bathinda, Punjab

The Military Engineering Services (MES) tendered a total of 6 MW solar to be developed at various military stations across the country. The bid-submission deadline is July 14, 2017.
June 14, 2017

MTNL Tenders a 1 MW Solar Project in New Delhi

The Mahanagar Telephone Nigam Limited (MTNL) tendered a 1 MW solar project to be developed at TE Building, MTNL, New Delhi under RESCO Model. The bid-submission deadline is June 30, 2017.
June 14, 2017

IROAF Tenders 1,125 kW of Solar to be Set Up On Railway Coaches

The Indian Railways Organization for Alternative Fuels (IROAF) tendered a total of 1,125 kW of rooftop solar to be set up on trailer railway coaches. The bid-submission deadline is July 10, 2017.
June 13, 2017

World’s Largest Solar Park in Kurnool on the Cusp of Completion

The Kurnool Ultra Mega Solar Park of 1,000 MW capacity is on the cusp of completion. The 1 GW Kurnool Ultra Mega Solar park will replace the 648 MW Kamuthi Solar Park as the largest solar installation at a single location, once complete.
June 13, 2017

Adani Commissions 50 MW of Grid-Connected Solar in Uttar Pradesh

Adani has commissioned 50 MW of solar projects in Mahoba in Uttar Pradesh. The projects were developed under the Jawaharlal Nehru National Solar Mission (JNNSM).
June 13, 2017

REIL Tenders 950 kW of Grid-Connected Rooftop Solar in Jaipur

Rajasthan Electronics and Instruments Limited (REIL), a joint venture of Government of India and Government of Rajasthan, tendered 950 kW of grid-connected rooftop solar to be developed atop buildings owned by Rajasthan University in Jaipur, Rajasthan. The bid-submission deadline is June 16, 2017.
June 09, 2017

Renewable Energy Installations Reach 57.5 GW in India

Renewable energy installations in India continue to grow, accounting for ~17.5 percent of India’s energy mix as of April 2017. In comparison, renewable energy accounted for 14.15 percent a year ago. The country’s total installed capacity is 329,417 MW with renewables accounting for 57,472 MW, according to the recent data by MNRE.
June 08, 2017

Strong Solar Tender Activity in India with Over 2 GW in the Month of May

The month of May witnessed the strongest auction and tender activity in India in quite some time with over 2 GW of solar projects tendered and 755 MW auctioned, compared to April 2017, which was one of the weakest months in terms of tender and auction activity with 26.72 MW of solar tendered and 250 MW auctioned.
June 08, 2017

Power Finance Corporation to Shift Investments Towards Renewables

The Power Finance Corporation (PFC), a government owned financial Institution, is planning to shift its investments away from conventional energy and towards renewable energy projects, last-mile transmission and distribution projects in addition to making existing thermal units more energy efficient and refinancing of old projects.
June 08, 2017

Jamia Millia Islamia Tenders a 2.25 MW (AC) Solar Project

Jamia Millia Islamia, a reputed government college, tendered a 2.25 MW (AC) solar project to be developed on RESCO mode at Jamia Millia Islamia University premises in Delhi. Bid-submission deadline is July 19, 2017.
June 07, 2017

IREDA to Launch IPO

The Cabinet Committee on Economic Affairs has approved the launch of IREDA’s initial public offering (IPO) today, the 7th of June 2017.
June 07, 2017

Madhya Pradesh Madhya Kshetra Vidyut Vitaran Tenders 10 MW of Rooftop Solar

The Madhya Pradesh Madhya Kshetra Vidyut Vitaran (MPMKVVCL) has tendered 10 MW of rooftop solar to be developed in the state of Madhya Pradesh. The rooftop solar projects will be developed on an aggregated basis under CAPEX mode. The tender opening date is June 29, 2017.
June 06, 2017

Mercom Exclusive: Effects of 5 Percent GST on Solar in India

India’s Finance Minister, Arun Jaitley, confirmed a solar goods and services tax (GST) rate of 5 percent at the 15th meeting of the GST Council with the official order to the effect still to come. After initial confusion whether the GST rate for solar was 5 percent or 18 percent due to a misprint, the industry is relieved that it was finalized at 5 percent.
June 06, 2017

NTPC Commissions 117 MW of Solar at Mandsaur Solar Project in Madhya Pradesh

The National Thermal Power Corporation (NTPC) commissioned 117 MW of solar out of the 250 MW being developed at Mandsaur in Madhya Pradesh.
June 06, 2017

WBSEDCL Tenders 10 MW Solar Project at Bagmundi, West Bengal

The West Bengal State Electricity Distribution Company Limited (WBSEDCL) tendered a 10 MW solar project to be developed at Anta and Saridi block in Bagmundi district of West Bengal. The bid-submission deadline is July 3, 2017.
June 06, 2017

SECI Tenders 1,000 MW of ISTS-Connected Wind Projects Under Tranche-II

The Solar Energy Corporation of India (SECI) tendered 1,000 MW of Interstate Transmission System (ISTS)-connected wind power projects under Tranche-II. The bid-submission deadline is July 14, 2017. The SECI will inform eligible bidders once a reverse auction is commenced via email.
June 06, 2017

HAREDA to Tender 30 MW of Grid-Connected Rooftop Solar

The Haryana Renewable Energy Development Agency (HAREDA) plans to tender 30 MW of grid-connected rooftop solar to be installed atop buildings across the state of Haryana. This is a rate contract and the estimated project cost is Rs.1.8 billion (~$28 million).
June 05, 2017

BREAKING NEWS: Indian Solar Manufacturers File Anti-Dumping Petition

Indian solar manufacturers have filed an anti-dumping petition with the Ministry of Trade and Commerce, against Chinese solar modules and cells, hoping that an interim duty will be levied, according to Mercom’s industry sources.
June 05, 2017

State Bank of India to Finance 100 MW of Grid-Connected Rooftop Solar Projects

The State Bank of India (SBI) announced it will provide Rs.4 billion (~$62.2 million) to private developers finance 100 MW of grid-connected rooftop solar projects in India. The financing is being provided by the SBI under a World Bank program. In May 2016, the World Bank and SBI signed agreements for a $625 million (~Rs.40.2 billion) facility to support India’s grid-connected rooftop solar program. The target is to finance 400 MW of grid-connected rooftop solar projects through this program.
June 05, 2017

Ujaas Energy to Develop 15 MW Solar Project for Hindustan Aeronautics in Maharashtra

Ujaas Energy will develop a 15 MW (AC) ground-mounted solar project for Hindustan Aeronautics Limited (HAL) at the HAL Ojhar Township premises in Nashik, Maharashtra.
June 05, 2017

WBSEDCL Tenders 5.285 MW of Rooftop Solar in West Bengal

The West Bengal State Electricity Distribution Company Limited (WBSEDCL) tendered 5.285 MW of rooftop solar. The bid-submission deadline is June 30, 2017.
June 04, 2017

Power Grid Plans Capital Expenditure of Rs.250 Billion (~$3.87 Billion) for FY18

The Power Grid Corporation (PGCIL), a state run transmission and distribution company, has planned a capital expenditure of Rs.250 billion (~$3.87 billion) for FY2017-18. The company has reported a 22 percent rise in standalone net profit to Rs.19.16 billion (~$297 million) for the quarter ended March 31. Revenue from operations went up 17 percent to Rs 67.12 billion (~$1.04 billion).
June 04, 2017

Delhi Lt. Governor Directs Power Department to Prepare a Standard Operating Procedure for Promoting Solar Power

The Delhi Lt. Governor has directed the power department to prepare a standard operating procedure (SOP) as well as a roadmap for promoting installation of solar power panels in the city. The SOP will help in facilitating various government departments and potential large users to install solar power.
June 03, 2017

BREAKING NEWS - It’s Official: Finance Minister Arun Jaitley Confirms 5 Percent GST for Solar

India’s Finance Minister, Arun Jaitley, confirmed a solar GST rate of 5 percent at the 15th meeting of the GST Council held today.
June 02, 2017

CERC Issues Levelized Generic Tariff for Select Renewables for the FY2017-18

The Central Electricity Regulatory Commission (CERC) has issued a levelized generic tariff for the purchase of electricity from small hydro projects, biomass with Rankine cycle, non-fossil fuel based co-generation, biomass gasifier, and biogas-based projects for financial year (FY) 2017-18. The order was issued on May 31, 2017. Solar has not been included in the document.
June 02, 2017

India Expects Power Surplus of 8.8 Percent and Peak Surplus of 6.8 Percent in FY2017-18

According to the Central Electricity Authority (CEA) 2017 Load Generation Balance Report, a study on the anticipated power supply position for financial year (FY) 2017-18, India is expecting a power surplus of 8.8 percent and peak surplus of 6.8 percent in the country during 2017-18.
June 02, 2017

MNRE De-Empanels 71 Channel Partners of the Grid-Connected Rooftop and Small Solar Power Projects Program

The Ministry of New and Renewable Energy (MNRE) de-empaneled 71 channel partners of its grid-connected rooftop and small solar power projects program. The de-empaneled entities will not get a chance of being re-empaneled for a one-year period. The de-empanelment order had been issued with immediate effect on May 30, 2017.
June 02, 2017

EESL Issues Tender to Procure 300 MW of Solar Modules to Power Pump Sets

The Energy Efficiency Services Limited (EESL), a Joint Venture company of Public Sector Units of Ministry of Power and Government of India, tendered 300 MW of solar. The power generated will be utilized to power 20,000 agricultural pump sets in the states of Uttar Pradesh and Andhra Pradesh. The EESL has planned to set up 15 kW solar capacity for each pump set. The bid-submission deadline is June 29, 2017.
June 01, 2017

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in April 2017

Renewable energy policy roundup from central, state and government agencies in India for the month of May 2017.
June 01, 2017

India Renewable Energy Policy Roundup: May 2017

Renewable energy policy roundup from central, state and government agencies in India for the month of May 2017.
May 31, 2017

Military Engineering Services Tenders 4.6 MW of Solar in West Bengal

The Military Engineering Services (MES) in three separate tenders, tendered a total of 4.6 MW solar. The capacity comprises of a 3 MW solar project to be developed at Panagarh, a 1 MW solar project to be developed at Kanchrapara and a 0.6 MW solar project to be developed at Kankinara.
May 31, 2017

Kolkata Metro Tenders 1 MW of Rooftop Solar

The Kolkata Metro tendered rooftop solar projects aggregating 1 MW to be installed on the rooftops of Metro Railway installations at Noapara Car Depot Complex and other elevated stations. The bid-submission deadline is June 12, 2017.
May 31, 2017

Hindustan Salts on the Lookout for a EPC Contractor to Develop 100 MW Solar Project in Gujarat

Hindustan Salts Limited, a government-owned salt company, invited bids to develop a 100 MW solar project at Kharaghoda in Gujarat. The bid-submission deadline is June 5, 2017.
May 31, 2017

Chandigarh Renewable Energy and Science & Technology Promotion Society Tenders 1 MW of Rooftop Solar in Chandigarh

The Chandigarh Renewable Energy and Science & Technology Promotion Society (CREST) has tendered 1 MW of rooftop solar projects to be developed with high power evacuation on the Water Works building in Chandigarh. The bid-submission deadline is June 16, 2017.
May 31, 2017

Uttar Pradesh Jal Vidyut Nigam Tenders 20 MW Solar Project

The Uttar Pradesh Jal Vidyut Nigam (UPJVNL) tendered a 20 MW (AC) solar project to be developed near the Obra Hydel Power Project in the Sonebhadra district of Uttar Pradesh.
May 31, 2017

Military Engineering Services Tenders a 2 MW Solar Project in Haryana

The Military Engineering Services (MES) tendered a 2 MW solar project to be developed at Chandimandir in Haryana. The bid-submission deadline is June 28, 2017. The estimated project cost is Rs.136.5 million (~$2.11 million).
May 31, 2017

MAHAGENCO Tenders 2 MW (AC) Solar Project at Ralegansiddhi, Maharashtra

The Maharashtra State Power Generation Co. Ltd. (MAHAGENCO) tendered a 2 MW (AC) solar project to be developed at Ralegansiddhi in Maharashtra. The bid-submission deadline is June 2, 2017.
May 31, 2017

Tamil Nadu Energy Development Agency Tenders 100 MW of Rooftop Solar

The Tamil Nadu Energy Development Agency (TEDA) tendered 100 MW of grid-connected rooftop solar to be installed across the state of Tamil Nadu. The projects will be developed under CAPEX and RESCO models. The bid-submission deadline is June 21, 2017.
May 30, 2017

Southern Power Distribution Company of Andhra Pradesh Tenders 10 MW of Solar Projects

The Southern Power Distribution Company of Andhra Pradesh (APSPDCL), a power distribution company (DISCOM) of Andhra Pradesh, has tendered 10 MW (2x5 MW) of projects in the state. A 5 MW project will be located in APSPDCL region and another 5 MW project will be located in the Eastern Power Distribution Company of Andhra Pradesh (APEPDCL) region. The projects will be developed on a ‘Build Own Operate’ basis and power purchase agreements (PPAs) will be signed with the DISCOMs.
May 30, 2017

Punjab National Bank Receives $100 Million Loan from ADB to Finance Solar Rooftop Projects in India

The Asian Development Bank (ADB) has approved a $100 million (~Rs.6.46 billion) loan to the Punjab National Bank (PNB) that will finance large solar rooftop systems on industrial and commercial buildings in several states. The loan is guaranteed by the Government of India and PNB will use the funds to lend to various developers and end users to install rooftop solar systems.
May 29, 2017

50 MW Solar Project Tendered for Salem Steel Plant in Tamil Nadu

NTPC-SAIL Power Company Limited (NSPCL), a joint venture between the National Thermal Power Corporation (NTPC) and Steel Authority of India Limited (SAIL), has tendered a 50 MW solar PV project at SAIL’s Salem Steel Plant, in Tamil Nadu. The bid submission deadline for the project is August 10, 2017.
May 29, 2017

TIDEL Park Invites Bids for a 10 MW Solar PV Project at Mariyur in Tamil Nadu

TIDEL Park, a JV of TIDCO and ELCOT is the state-of-the-art, IT Park in the State, has invited bids from eligible bidders on Single Stage two part bid system, for setting up of 10 MW (AC) Solar PV project at Mariyur in the State of TamilNadu, India, on EPC turnkey basis. The bid submission deadline for the project is June 16, 2017. The pre-bid meeting date is rescheduled to June 01, 2017.
May 29, 2017

Gujarat State Electricity Corporation Invites Bids to Develop 150 MW of Solar Projects at Charanka Solar park

The Gujarat State Electricity Corporation (GSECL), a power generation company, has tendered 150 MW (3x50 MW) solar projects to be developed in Gujarat Solar Park, Charanka village, Patan district. The bid submission deadline for the projects is May 26, 2017. The estimated project completion time is 240 days from the date of signing the Letter of Intent (LoI).
May 29, 2017

Revenue Secretary Says Solar Module GST Rate To Be 5 Percent

The Revenue Secretary at the Ministry of Finance, Mr. Hasmukh Adhia, has tweeted that “all solar equipments and its parts would attract 5 percent GST only.” He has given statements in the media confirming that GST rate for solar modules will be 5 percent instead of the 18 percent announced earlier.
May 28, 2017

Electricity Generated from Solar Grew by 81% in FY 2016-17 in India

Solar in India accounted for ~13.5 billion units of electricity produced in the country during the financial year (FY) 2016-17, up from ~7.4 billion units in FY2015-16, according to the Central Electricity Authority (CEA). Electricity from solar energy jumped 81 percent year-over-year (YoY), making it the fastest growing new power generation source added in the country last year.
May 26, 2017

India’s Power Supply Deficit was 0.5 Percent in April 2017

In April 2017, India recorded a power supply deficit of 0.5 percent. 100,801 MU of energy was supplied against the requirement of 101,329 MU, according to the Central Electricity Authority (CEA). The supply deficit recorded in March this year was 0.4 percent, implicating a rise in the deficit.
May 26, 2017

India SME Technology Services Tenders 3.55 MW of Rooftop Solar

India SME Technology Services, a joint venture between the Small Industries Development Bank of India (SIDBI) and four public sector banks including State Bank of India (SBI), Indian Overseas Bank (IOB), Oriental Bank of Commerce (OBC) and Indian Bank, has tendered 3,552.8 kW of grid-connected rooftop solar to be installed in 51 offices of various organizations under the Ministry of Micro, Small and Medium Enterprises (MSME).
May 25, 2017

Hitachi Enters Indian Solar Market with CleanMax Solar

Hitachi, a Japanese electronics conglomerate, has signed a Memorandum of Understanding (MoU) announcing its plans to enter the Indian solar market in collaboration with CleanMax Solar. The partnership aims to build on recent industry trends which make rooftop solar attractive in India.
May 25, 2017

India to Raise Rs.23.6 Billion in Bonds for Renewable Energy

The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to raise Rs.23.6 billion (~$364 million) from bonds for renewable energy development in the country, according to a PIB release. The bonds will be raised by the Ministry of New and Renewable Energy (MNRE) through the Indian Renewable Energy Development Agency (IREDA) during FY2017-18.
May 25, 2017

Ministry of Power's Proposal to Compensate for Grid Curtailment

The Ministry of Power is proposing to set up a compensation mechanism for existing renewable energy projects which will enable them to protect the cash flows to an extent from grid curtailments and will also ensure a favorable operational environment for the renewables sector, stated a report by India Ratings.
May 24, 2017

Updated - GEDCOL Announces Tender for 16.4 MW of Solar in Odisha

The Green Energy Development Corporation of Odisha (GEDCOL), a wholly owned subsidiary of Odisha Hydro Power Corporation and the state nodal agency for development of solar projects in Odisha, has announced it has tendered 16.4 MW of grid-connected solar at different locations across the state.
May 23, 2017

UPDATED: Where Are We with Solar GST in India

The government of India released the Goods and Services Tax (GST) schedule on May 18th, listing commodities in respective tax slabs of zero, 5 percent, 12 percent, 18 percent and 28 percent. The Tax schedule came with a statement that it will be subject to further vetting during which the list may undergo some changes.
May 23, 2017

Uttar Pradesh Government Plans to Set Up 750 MW Solar Projects at Bhadla

In an aim to replicate the success of the recently concluded Bhadla Phase-III and Phase-IV Solar Park auctions, the government of Uttar Pradesh is also considering setting up 750 MW of solar at Bhadla. Solar tariffs reached an all-time low of Rs.2.44 (~$0.037)/kWh in the recently concluded Bhadla Phase-III Solar Park auction and the government of Uttar Pradesh is planning to set up the projects in Rajasthan in order to procure power at similar competitive and low rates.
May 23, 2017

Appellate Tribunal Directs TNERC to Hear Adani's Plea Over Curtailment

The Appellate Tribunal for Electricity (APTEL) has directed the Chairperson of the Tamil Nadu Electricity Regulatory Commission (TNERC) to hear Adani Group's plea over solar power curtailment issues faced by the company in Tamil Nadu, according to a report by the Hindu. Curtailment occurs when power is disconnected from the state's grid to ensure grid stability.
May 23, 2017

Surana Solar Wins Bid to Develop 5 MW of Rooftop Solar in Andhra Pradesh

Surana Solar, a solar project developer and module manufacturer, has announced that it has won bids to develop 5 MW of grid-connected rooftop solar in Kakinada City, Andhra Pradesh. Bids were invited by the Kakinada Smart City Corporation and the company emerged as the lowest bidder by quoting a tariff of Rs.5.25 (~$0.081)/kWh. The project will be executed under the RESCO model.
May 22, 2017

NTPC May Procure Domestic Solar Power Components for Captive Consumption Solar Projects

The National Thermal Power Corporation (NTPC) is planning to meet its entire auxiliary power requirement through domestically manufactured solar equipment. Auxiliary power is used by NTPC to run its thermal plants. This power is consumed during plant start-up and shutdown, operation of plant machinery, and service equipment to support illumination, air-conditioning, and other equipment.
May 22, 2017

Mercom Exclusive: India Power Utilities Performance Ratings – Some Improve, Some Don’t

According to the latest “Integrated Rating for State Power Distribution Utilities” report by the Ministry of Power, the four Gujarat state power distribution utilities (DISCOMs) have emerged as top performers for the fifth year in a row. Tripura has replaced Meghalaya at the bottom of the rating table.
May 19, 2017

ONGC Tenders 1 MW of Solar at IPSHEM in Goa

The Oil and Natural Gas Corporation (ONGC), an oil and gas company, has tendered 1 MW (2x500 kW) of solar at Institute of Petroleum Safety, Health and Environment Management (IPSHEM), Goa. The bid submission deadline of the project is July 7, 2017.
May 19, 2017

Solar Modules to be Hit With 18% GST Rate in India, Coal Gets 5%

The government of India has released tax slabs for various commodities to be affected by the implementation of the Goods and Services Tax (GST). According to the government document, GST Council’s decision is not final and will be subject to further vetting and the list may undergo some changes. Solar cells and modules have been given an 18 percent tax rate and solar water heater systems, solar power based devices, solar power generating systems, solar lanterns and lamps fall under the 5 percent rate slab. Coal meanwhile gets a lower GST rate of 5%.
May 18, 2017

NTPC Lists Second Masala Bond on the London Stock Exchange

The National Thermal Power Corporation (NTPC), has listed a second round of masala bonds on the London Stock Exchange (LSE). The company will use the proceeds to fund clean energy projects in accordance with RBI guidelines and regulations. With this listing, NTPC expects to tap into investors with a focus on environment and climate change to fund its goal of installing about 2,500 MW of renewable projects every year.
May 18, 2017

SJVN Seeks Expressions of Interest In 500 MW of Solar Power

Earlier this month, Satluj Jal Vidyut Nigam (SJVN) Limited, a joint venture between the Governments of India and the state of Himachal Pradesh, announced that they were seeking Expressions of Interest from experienced companies willing to develop approximately 500 MW of solar PV capacity in partnership with SJVN.
May 18, 2017

KERC Invites Comments Regarding Mid-Term Tariff Revision for Wind Projects

The Karnataka Electricity Regulatory Commission (KERC) has invited comments on the discussion paper ‘Revision of Generic Tariff for Wind Power Projects and Mandatory Procurement of Wind Power through Bidding.’ According to findings in the document, KERC has identified a need for a mid-term tariff revision to ensure that consumers get the benefit of lower cost wind power generation.
May 18, 2017

ADB Raises $47 Million From Indian Bonds To Fight Climate Change In India

The Asian Development Bank announced this week that it has raised 3 billion Indian Rupees, or around $47 million, from a new issue of offshore Indian Rupee-linked bonds in an effort to finance climate change mitigation and adaptation projects in India.
May 18, 2017

Maharashtra Seamless Commissions 20 MW DCR Solar Project in Rajasthan

Maharashtra Seamless, a manufacturer of electric resistance welded and seamless pipes and tubes, announced that it has commissioned a 20 MW solar project in Khetusar village, Jodhpur, Rajasthan. The company announced that it has obtained a commissioning certificate from the Rajasthan Renewable Energy Corporation (RRECL).
May 18, 2017

NVVN Extends Bid Submission Deadline for 13.5 MW of Grid Connected Rooftop Solar Under RESCO Model

The NTPC Vidyut Vyapar Nigam (NVVN), a wholly owned subsidiary of the National Thermal Power Corporation (NTPC), has tendered 13.5 MW of grid connected rooftop solar under RESCO model in various states of India. NVVN has stated that the tender has been issued on behalf of the Ministry of Health and Family Welfare. The tender was issued in March 2017 and the bid submission deadline has been extended to May 22, 2017.
May 18, 2017

NTPC Vidyut Vyapar Nigam Extends Bid Submission Deadline for 15.52 MW of Grid Connected Rooftop Solar Tenders

The NTPC Vidyut Vyapar Nigam (NVVN), a wholly owned subsidiary of the National Thermal Power Corporation (NTPC), tendered 15.52 MW of grid connected rooftop solar under the CAPEX model in various states of India in March 2017. According to NVVN the tender has been issued on behalf of Central Public Sector Undertakings (CPSUs) under the Ministry of Steel. The bid submission deadline has been extended to May 29, 2017.
May 17, 2017

NTPC Vidyut Vyapar Nigam Tenders a 6 MW Solar Project Under DCR Category in Telangana

The NTPC Vidyut Vyapar Nigam (NVVN), a wholly owned subsidiary of the National Thermal Power Corporation (NTPC), has tendered a 6 MW solar project under the domestic content requirement (DCR) category at the Cement Corporation of India (CCI) in Tandur, Telangana. The bid submission deadline for the project is June 27, 2017.
May 17, 2017

20 MW Solar Project Tendered for Durgapur Steel Plant in West Bengal

NTPC-SAIL Power Company Limited (NSPCL), a joint venture between the National Thermal Power Corporation (NTPC) and Steel Authority of India Limited (SAIL), focused mainly on power generation, has tendered a 20 MW solar project at the Durgapur Steel Plant, in West Bengal. The bid submission deadline for the project is July 28, 2017.
May 17, 2017

Here Are the Top Solar Rooftop Installers in India as of Q1 2017

In India, the rooftop solar sector is still in its early stages but with a lot of room to grow. Within the past two years, cumulative installations have reached around 850 MW (as of March 2017), according Mercom’s recently released Q1 2017 India Solar Market Update.
May 16, 2017

TANGEDCO Announces 1,500 MW Solar Tender

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has announced a tender for 1,500 MW of solar in Tamil Nadu through reverse auction. Developers can bid for a minimum capacity of 1 MW and a maximum capacity of up to 500 MW. TANGEDCO has set the upper tariff limit at Rs.4 (~$0.062)/kWh.
May 15, 2017

Solar Imports Grew by 34 Percent Year-over-Year, Exports Declined 58 Percent in the First 11 Months of Financial Year 2016-17

In the 11 months from April to February in financial year (FY) 2016-17, export and import activity totaling $2.61 billion (~Rs.175.7 billion) was registered in the Indian solar sector, according to Department of Commerce. This was $554 million (~Rs.39.9 billion) more compared to import and export activity worth $2.06 billion (~Rs.135.8 billion) in the same period in FY 2015-16.
May 15, 2017

Solarpack Raises $104 Million in Funding for Projects in Chile and India

Solarpack, a Spanish company that develops solar projects, has raised a total of $104 million (~Rs.6.7 billion) for nine PV projects in Chile and India. A group of Chilean banks funded three of the company’s Chilean distributed generation projects for $35 million (~Rs.2.25 billion). An Indian financial entity has financed six projects in India for $69 million (~Rs.4.43 billion). The total capacity of the projects is 135.5 MW.
May 14, 2017

Records Keep Falling at Bhadla Solar Park Auctions as Tariff Breaches Rs.2.50 (~$0.038)/kWh in the 500 MW Phase-III Solar Park Auction

In India, the solar tariff breached Rs.2.50 (~$0.038)/kWh, making it cheaper than thermal power in some cases. In the 500 MW Bhadla Phase-III Solar Park auction, ACME quoted a tariff of Rs.2.44 (~$0.037)/kWh to win bid to develop 200 MW of solar. The other winning bid was that of SBG Cleantech, which quoted Rs.2.45 (~$0.038)/kWh to develop 300 MW.
May 12, 2017

Breaking: New Record Low Solar Tariff of Rs.2.44 (~$0.037)/kWh Set at the 500 MW Bhadla Phase-III Solar Park Auction in India

Solar tariff in India has now breached Rs.2.50 (~$0.038)/kWh mark. Within a week solar tariff declined from Rs.2.62 (~$0.0405)/kWh to Rs.2.44 (~$0.037)/kWh. In the 500 MW Bhadla Phase-III Solar Park auction, ACME quoted a tariff of Rs.2.44 (~$0.037)/kWh, which is almost 6.9 percent lower than the previous low tariff quoted in the Bhadla Phase-IV Solar Park auction of Rs.2.62 (~$0.0405)/kWh.
May 11, 2017

DEEP DIVE: Intense Competition Drives Solar Tariffs to a New Record Low of Rs.2.62/kWh at Bhadla Phase-IV Solar Park Auction in India

The solar tariff in India breached the Rs.3 (~$0.046)/kWh mark in the recently concluded 250 MW Bhadla Phase-IV Solar Park auction. The winning tariff of Rs.2.62 (~$0.0405)/kWh quoted in the Bhadla Phase-IV auction is 17 percent lower than the Rs.3.15 (~$0.048)/kWh quoted at the 250 MW Kadapa Solar Park auction by the National Thermal Power Corporation (NTPC) just a month ago. The project completion timeframe is 12 months from the date of signing of power purchase agreement (PPA).
May 11, 2017

Top 20 Developers Account for Almost 60 percent of all Operating Large-Scale Solar Projects in India

Utility scale solar in India has seen exponential growth over the past two years with 4.3 GW of solar installed in calendar year 2016. India’s total installed solar capacity is 12.8 GW, as of March 2017.
May 11, 2017

NLC Tenders 20 MW (AC) of Solar with BESS in Andaman & Nicobar

The Neyveli Lignite Corporation (NLC) has tendered two solar projects of 10 MW each with 28 MWh battery energy storage system (BESS) in South Andaman. The bid submission deadline is June 27, 2017.
May 11, 2017

NTPC Tenders 3.2 MW Battery Energy Storage System for 8 MW Solar Project in Andaman & Nicobar

The National Thermal Power Corporation (NTPC) has invited bids to develop 3.2 MWh of battery energy storage system (BESS) at Chidiyatapu in Andaman & Nicobar. The bid submission deadline is July 7, 2017.
May 09, 2017

MNRE Approves Another 1,000 MW Wind Tender

The Ministry of New and Renewable Energy (MNRE) approved a tender of another 1,000 MW under its Wind program on May 4, 2017.
May 09, 2017

BREAKING: New Record Low Tariff to be Set in India as Solar Bids Breach Rs.3/kWh in Bhadla Phase IV Auction

For the first time in India, solar bids have breached the Rs.3 (~$0.046)/kWh mark in the 250 MW Bhadla Phase IV Solar Park auction under the National Solar Mission (NSM). The current low bid is Rs.2.75 (~$0.043)/kWh and the auction is still in progress at the time of this report. The Rewa winning bid came in at Rs.2.97 (~$0.044)/kWh but that tariff came with an escalation of Rs.0.05 (~$0.0007) over 15 years, bringing the levelized tariff to Rs.3.30 (~$0.049)/kWh over 25 years.
May 09, 2017

Mercom Exclusive: Solar Park Costs on the Rise in India

Solar parks are a vital piece to India’s solar future and were designed to reduce bottlenecks and bring down large-scale project development costs by allocating land and providing transmission infrastructure, big challenges for solar project development in India. The government recently doubled down and increased the proposed solar park capacity from 20 GW to 40 GW and is providing financial support to the tune of Rs.81 billion (~$1.23 billion) in Central Financial Assistance (CFA) and $100 million (~Rs.6.5 billion) from the World Bank.
May 09, 2017

State Government of Haryana Exempts Solar Material from Value Added Tax

The state government of Haryana has exempted solar materials and equipment from value added tax (VAT) in the state. The order was issued by the Excise and Taxation department, Government of Haryana, with immediate effect on May 8, 2017.
May 08, 2017

NTPC Tenders 6 MW of Battery Energy Storage System for 17 MW Solar Project in South Andaman

The National Thermal Power Corporation (NTPC) invited bids to develop 6 MW, 24 MWh Battery Energy Storage System (BESS) at Manglutan in South Andaman. The bid submission deadline is July 3, 2017.
May 08, 2017

The Telangana New and Renewable Energy Development Corporation Tenders 0.5 MW of Rooftop Solar

The Telangana New and Renewable Energy Development Corporation (TNREDCL) has tendered 500 kW of grid-connected rooftop solar projects to be developed at the premises of Dr. MCR HRD Institute, Hyderabad. The bid submission deadline is May 25, 2017.
May 08, 2017

Andhra Pradesh DISCOM’s to Renegotiate Power Purchase Agreements

The Andhra Pradesh Southern Power Distribution Company (APSPDCL), a state distribution company, has decided to renegotiate power purchase agreements (PPAs) it had signed with wind project developers. The PPA's were signed before India's first wind power auction conducted by Solar Energy Corporation of India (SECI), which saw the tariff drop to Rs.3.46 (~$0.054)/kWh (as reported by Mercom). The state now wants to renegotiate these PPAs which it had signed with 41 developers covering 832.4 MW of wind capacity, at a tariff of Rs.4.8 (~$0.075)/kWh.
May 08, 2017

Telangana State Power Generation Corporation Tenders 5 MW of Solar to be Developed in Peddapally

The Telangana State Power Generation Corporation (TSGENCO) tendered 5 MW of solar to be developed in Peddapally district of Telangana. The bid submission deadline is July 24, 2017.
May 08, 2017

Power DISCOM Ratings – Gujarat Top, Tripura Last

According to the “Integrated Rating for State Power Distribution Utilities” conducted by the Ministry of Power, the four Gujarat state power distribution utilities (DISCOMs) have emerged as top performers for the fifth year in a row. Tripura has replaced Meghalaya at the bottom of rating table.
May 07, 2017

Memorandum of Agreements for Sale of Power from 1,000 MW Wind Projects Auctioned by SECI Signed

Memorandum of Agreements for the sale of power from 1,000 MW wind capacity auctioned by Solar Energy Corporation of India, has been signed. The agreements to purchase the power under the Ministry of Renewable Energy’s (MNRE) wind auction program were signed between PTC India, the trading company, and DISCOMs (distribution companies) of Uttar Pradesh, Bihar, Jharkhand, Delhi, Odisha, and Assam.
May 05, 2017

Renewable Energy Accounted for 17.5 Percent of India’s Energy Mix in FY 2016-17

Renewable energy generation in India is on the rise. As of March 31, 2017, renewable energy sources accounted for 17.5 percent of all power generated in India. The country’s total installed power generation capacity was 326,848.54 MW with renewables accounting for 57,260.23 MW.
May 05, 2017

Heavy Engineering Corporation Invites Expression of Interest to Develop Up To 10 MW of Rooftop Solar in Ranchi

The Heavy Engineering Corporation (HEC), a government of India enterprise, has invited expression of interest from developers and contractors to construct 2 MW or more up to 10 MW of rooftop solar at HEC premises in Ranchi. Bid submission deadline is June 5, 2017.
May 04, 2017

Telangana Power Generation Corporation Tenders 15 MW of Solar

The Telangana Power Generation Corporation (TSGENCO) tendered 15 MW of solar in Telangana. The capacity tendered includes two projects, an 8 MW solar project to be developed at the Kothagudem Thermal Power Station in Paloncha and another 7 MW solar project to be developed at the Pulichinthala Hydro Electric Station in Mallacheru.
May 04, 2017

India Misses Renewable Energy Installation Target for FY 2016-17 by 5,340 MW

In the financial year (FY) 2016-17, renewable energy projects totaling 11,319.71 MW were installed in India, this was 5,340 MW less than the targeted capacity. The Ministry of New and Renewable Energy (MNRE) had set a renewable energy installation target of 16,660 MW for the FY 2016-17.
May 03, 2017

Karnataka Electricity Regulatory Commission Issues Advisory Asking DISCOMs Not to Sign New PPAs with Wind Project Developers in Karnataka

The Karnataka Electricity Regulatory Commission (KERC) has issued an advisory to the state government of Karnataka, asking it to direct all distribution companies (DISCOMs) in the state not to enter into any new power purchase agreements (PPAs) with wind power projects until further review by the KERC.
May 02, 2017

Andhra Pradesh Power Generation Corporation Tenders 100 MW of Solar at Ananthapuramu-II Solar Park

The Andhra Pradesh Power Generation Corporation (APGENCO) tendered a 100 MW solar project at the Ananthapuramu-II solar park in Talaricheruvu, Andhra Pradesh. The bid-submission deadline is May 26, 2017.
May 02, 2017

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in April 2017

Important Headlines and Data Points from the Indian Renewable Sector in April 2017
May 01, 2017

Solar Power Generation in India Was Up 83% in the 11-Month Period from April 2016 -February 2017

India generated 11.86 billion units (BU) of solar power in the 11-month period from April 2016-February 2017. Solar accounted for 1.04 percent of all power generated in the country during this period, according to Central Electricity Authority (CEA). Compared to the same period in the previous financial year, solar power generation had an 83 percent increase year-over-year.
May 01, 2017

India Solar and Renewable Energy Policy Roundup: April 2017

Renewable energy policy roundup from central, state and government agencies in India for the month of April 2017.
May 01, 2017

26.7 MW of Solar Tendered and 250 MW Auctioned in India, in April 2017

In the month of April 2017, only 26.72 MW of solar was tendered and 250 MW was auctioned in India compared to March 2017, when 4.5 MW of new solar was tendered; 1,000 MW was re-tendered by NTPC and 47.5 MW was auctioned.
May 01, 2017

SECI Reduces Levelized Ceiling Tariff for 500 MW Rooftop Solar Tender

The Solar Energy Corporation of India (SECI) has reduced the levelized ceiling tariff for the amended 500 MW rooftop solar tender; the new tariff for general category states and union territories is Rs.5.97 (~$0.092)/kWh and Rs.4.42 (~$0.068)/kWh for special category states and union territories.
April 30, 2017

A Record Year for India Forecasted with Approximately 10 GW of Solar Installations in 2017

Mercom Communications India, a subsidiary of Mercom Capital Group, today released its quarterly update on the Indian solar market.
April 30, 2017

Hareon Photovoltaic to Invest $76.6 Million for a 45 Percent Stake in Azure Power Project

Hareon Photovoltaic, a wholly owned subsidiary of Hareon Power Singapore, a vertically integrated solar PV manufacturer, will invest $76.6 million (~Rs.4.91 billion) for a 45 percent stake in Azure Power Thirty Seven Private Limited, a wholly owned subsidiary of Azure Power.
April 30, 2017

NTPC Makes Second Bond Offering for $311.5 Million

The National Thermal Power Corporation (NTPC), a government-owned power utility, has priced its second, rupee-denominated five-year masala bond offering for Rs.20 billion (~$311.5 million), in the international markets on April 25, 2017. In doing so, the state-run power generator became the only state-owned enterprise to tap the Masala Bonds market twice.
April 28, 2017

Himachal Pradesh Energy Development Agency Tenders 1.1 MW of Rooftop Solar

The Himachal Pradesh Energy Development Agency tendered 1.1 MW of rooftop solar in Himachal Pradesh. The bid-submission deadline is May 12, 2017.
April 28, 2017

Bharat Heavy Electricals Limited Commissioned a 3 MW Solar Project in Dadra and Nagara Haveli

Bharat Heavy Electricals Limited (BHEL) commissioned a 3 MW solar project at Velugam in the union territory of Dadra and Nagar Haveli. The project was developed on a turnkey basis for Dadra and Nagar Haveli Power Distribution Corporation.
April 27, 2017

Central Electronics Limited Tenders 3.22 MW of Rooftop Solar for Northern Railways

Central Electronics Limited (CEL) tendered 3.22 MW of grid-connected rooftop solar to be installed at railway workshops under Northern Railway across Indian states. The bid-submission deadline is May 26, 2017.
April 27, 2017

Fotowatio Renewable Ventures Raises $29 Million from IFC to Fund 100 MW Solar Projects in Andhra Pradesh

Fotowatio Renewable Ventures (FRV), has raised $29 million (~Rs.1.86 billion) in non-convertible debentures (NCDs) from the International Finance Corporation (IFC) to fund 100 MW of solar projects in India.
April 27, 2017

TANGEDCO to Tender 1,500 MW of Solar to Meet RPO

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) will soon tender 1,500 MW of solar to meet its renewable purchase obligation (RPO).
April 26, 2017

Jharkhand Yet to Sign PPAs for 1.1 GW of Solar

In Jharkhand, power purchase agreements (PPAs) for 1.1 GW of solar projects that were auctioned in March of 2016 (LoIs signed May 2016) are yet to be signed due to differences between the state distribution company (DISCOM) and developers over the quoted tariff.
April 25, 2017

Mercom Exclusive: Domestic Content Requirement Tenders are all but Disappearing

The domestic content requirement (DCR) category, the mandate for solar projects in India to utilize domestically manufactured solar modules and cells, was instituted in the Jawaharlal Nehru National Solar Mission (JNNSM) from the beginning of 2010 in an effort to create a healthy and robust indigenous manufacturing base and to elevate India’s status as a solar hub.
April 25, 2017

Tata Power Achieves Complete Zero Cash Payables

Tata Power, an Indian power utility, announced that it has achieved complete zero cash payables. The company is working towards bringing down cash collections from its electricity customers with regulatory support.
April 25, 2017

Abengoa Commissions 5 MW Solar Project for Enerparc Energy in Uttarakhand

Abengoa, a Spanish renewable energy company has commissioned a 5 MW solar PV power project in India. The project has been developed at Roorkee, Uttarakhand.
April 25, 2017

Indian Space Research Organization Develops Solar Calculator App

The Indian Space Research Organization (ISRO) has developed an android application called the ‘Solar Calculator’, to calculate solar energy. This app will be utilized to select the locations for solar PV power projects.
April 24, 2017

CERC Proposes Levelized Generic Tariff for Select Renewables

The Central Electricity Regulatory Commission (CERC) has proposed a new levelized generic tariff for the purchase of electricity from small hydro projects, biomass with Rankine cycle, non-fossil fuel based co-generation, biomass gasifier and biogas based projects in the financial year (FY) 2017-18. This new tariff falls under the CERC (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations of 2017. Stakeholders can provide comments and suggestions on the proposed tariff by April 28, 2017.
April 24, 2017

Gujarat Removes Upper Cap on Rooftop System Capacity Being Installed by Consumers

The state government of Gujarat has removed the capacity restriction of 50 percent of the approved load or contracted demand by small residential rooftop owners. Now, residential consumers can install rooftop solar systems of capacity of their choice, irrespective of the approved or contracted load. The order was released with immediate effect on April 13, 2017.
April 21, 2017

Electricity Department of Puducherry Invites Expression of Interest for 30 MW of Solar

The electricity department of the Union Territory of Puducherry has invited an Expression of Interest (EoI) for 30 MW of solar. The bid-submission deadline is April 28, 2017.
April 21, 2017

Central Electronics Limited Invites Expression of Interest to Form a Strategic Alliance for Module Manufacturing in India

The Central Electronics Limited (CEL), a public-sector enterprise and a manufacturer of crystalline solar cells and modules, invited an expression of interest (EoI) for a strategic alliance to manufacture flexible solar PV modules. The CEL has approximately 50-acres of land in Sahibabad, near Delhi, with good road and train connectivity, and plans to utilize it to expand manufacturing capabilities. The last date for submission of bids is May 06, 2017.
April 20, 2017

Breaking News: SECI’s 750 MW Bhadla Solar Tender Oversubscribed by 12 Times

The Solar Energy Corporation of India (SECI) has received technical bids totaling more than 8,500 MW for tendered capacity of 750 MW at the Bhadla Solar Park in Rajasthan. The tender was oversubscribed by 12 times, highlighting the voracious appetite of developers in India to win large-scale solar projects. The SECI tendered 750 MW of solar at a benchmark price of Rs.3.93 (~$0.0590)/kWh.
April 20, 2017

NTPC Upsizes Medium-Term Note Program to $6 Billion

The National Thermal Power Corporation(NTPC) has upsized the medium-term note (MTN) program to $6 billion. The state-run power generator also issued rupee denominated bonds worth Rs.50 billion (~$772.14 million) for sale in the overseas market. The funds will be utilized to finance capital expenditures on new and ongoing NTPC projects.
April 18, 2017

India’s Power Supply Deficit Was 0.7 Percent in FY2016-17

India recorded a low power supply deficit of 0.7 percent in the financial year (FY) 2016-17. More than 1,134,631 million units of electricity were produced, which was 7,461 million units less than the targeted 1,142,092 million units, according to the Central Electricity Authority (CEA).
April 17, 2017

TNERC Sets New Benchmark Tariff of Rs.4.50 (~$0.069)/kWh for Solar PV Projects in Tamil Nadu

The Tamil Nadu Electricity Regulatory Commission (TNERC) has set Rs.4.50 (~$0.066)/kWh as the new benchmark tariff for solar PV projects and Rs.10.19 (~$0.157)/kWh for solar thermal projects without accelerated depreciation (AD). The AD component of the tariff has been fixed at Rs.0.09 (~$0.0014)/kWh for solar PV and Rs.0.21 (~$0.0032)/kWh for solar thermal.
April 17, 2017

Government of Madhya Pradesh Signs Project Agreements for 750 MW Rewa Solar Park

The state government of Madhya Pradesh entered into project agreements with ACME Solar, Solenergi Power, and Mahindra Renewables on April 17, 2017, to develop the 750 MW Rewa Ultra Mega Solar Park.
April 17, 2017

Clean Environment Cess That Funds Clean Energy Programs in India Will Now be Used Towards GST Compensation Fund

The Government of India has enacted a bill that will utilize the Clean Environment Cess (India’s version of carbon tax) collected on coal, to finance the Goods and Services Tax (GST) Compensation Fund, a non-lapsable fund that will form part of the public account of India.
April 17, 2017

SECI Cuts Solar Rooftop Tender from 1,000 MW to 500 MW

The Solar Energy Corporation of India (SECI) has amended the tender document pertaining to the 1,000 MW solar rooftop auction for government buildings, reducing the capacity to 500 MW.
April 16, 2017

MNRE Exempts Solar Rooftop Materials and Equipment from Customs and Excise Duty

Solar rooftop materials and equipment utilized for rooftop solar projects (grid-connected) is now exempt from customs and excise duty. The Ministry of New and Renewable Energy (MNRE) has released new guidelines for the grant of duty benefits to end users.
April 15, 2017

ReNew Power Commissions 143 MW of Solar Project in Telangana

ReNew Power, a renewable energy project developer, commissioned a 143 MW solar project at Dichpally, Telangana. The project was being developed under the Telangana State Solar Policy (Group 2).
April 14, 2017

Mercom Exclusive: Pent Up Demand for Projects Results in Record Low Bid of Rs.3.15/kWh at the Kadapa Solar Auction in India

The solar tariff in India hit a new low with Solairedirect’s winning bid of Rs.3.15 (~$0.0487)/kWh, which was 4.5 percent lower than the Rs.3.30 (~$0.0494)/kWh (levelized over 25 years) quoted at the REWA auction in February 2017. The 250 MW project was tendered by NTPC for the Kadapa Solar Park under the open category in Andhra Pradesh.
April 14, 2017

Vikram Solar Commissions 10 MW Solar Project for Tirumala Tirupati Devasthanams (TTD) in Andhra Pradesh

Vikram Solar, a PV module manufacturer and EPC solutions provider, commissioned a 10 MW solar project in Chittoor, Andhra Pradesh. The project will facilitate green power generation to cater to the energy needs of Tirumala Tirupati Devasthanams (TTD).
April 14, 2017

Vikram Solar Commissions Solar Projects Aggregating 20 MW for Jindal Aluminum in Karnataka

Vikram Solar, a PV module manufacturer and EPC solutions provider, commissioned 20 MW of solar for Jindal Aluminum in Karnataka. The entire capacity constitutes of 2 projects of 10 MW each, stated a source at Vikram Solar. The projects are connected to the Mayakonda Sub Station.
April 13, 2017

KERC Sets New Benchmark Tariff of Rs.4.36 (~$0.064)/kWh for Grid Connected Large-Scale Solar Projects for FY2017-18

The Karnataka Electricity Regulatory Commission (KERC) has set Rs.4.36 (~$0.064)/kWh as the benchmark tariff for grid-connected large-scale solar projects for financial year (FY) 2017-18. The new benchmark tariff will be applicable to all new grid-connected MW-scale solar PV projects entering into power purchase agreements (PPA) on or after April 1, 2017, and before April 1, 2018.
April 13, 2017

Indian Solar Sector Sees $1.6 Billion in Funding and M&A Transactions in Q1 2017

With solar installations crossing 12 GW by end of March 2017, financial activity was robust in the first quarter of 2017, with approximately $1.6 billion (~Rs.106 billion) in announced corporate, project funding and M&A deals, according to the recently released Q1 2017 Solar Funding and M&A Report by Mercom Capital Group.
April 12, 2017

Breaking: NTPC’s 250 MW Kadapa Solar Auction in India Sees Record Low Winning Bid of Rs.3.15/kWh

Solar tariff in India touched a new low with Solairedirect’s winning bid of Rs.3.15 (~$0.0486)/kWh, which is 4.5 percent lower than Rs.3.30 (~$0.0494)/kWh (levelized over 25 years) quoted at the Rewa auction in February. The 250 MW project was tendered NTPC at Kadapa Solar Park in Andhra Pradesh. The project completion timeframe is 13 months from the date of signing of power purchase agreement.
April 11, 2017

Meham Sugar Mills Tenders 20 MW Solar Project in Haryana

Meham Sugar Mills has tendered a 20 MW solar project to be developed on a build, own, operate and transfer basis. The co-operative sugar mill will provide 80 acres of land on lease for 25 years to develop the projects, stated a source at Meham Sugar Mills.
April 11, 2017

Solar Imports Grow 39 Percent, Exports Decline 56 Percent in the First Ten Months of Financial Year 2016-17

In the ten months from April to January in financial year (FY) 2016-17, the Indian solar sector registered export and import activity totaled $2.2 billion (~Rs.150.3 billion), an increase of $0.54 billion (~Rs.39.1 billion) compared to import and export activity worth $1.70 billion (~Rs.111.2 billion) in the same period in FY 2015-16.
April 11, 2017

India Generated 10.6 Billion Units of Solar Power in the 10-Month Period from April to January (FY 2016-17), an 85 Percent Increase Year-over-Year

India had an 85 percent increase in solar power generated year-over-year, with 10.6 billion units in the 10 month period from April to January (FY 2016-17). Solar accounted for 1.02 percent of all power generated in India during this timeframe, according to the Central Electricity Authority (CEA). Solar now accounts for 15.07 percent of entire renewable energy generation in India.
April 11, 2017

Cumulative Solar Installations in India Surpassed 12 GW, 5.5 GW Installed During Financial Year 2016-2017

Solar installations in India reached 12,288.83 MW as of the end of financial year (FY) 2016-2017. The states of Andhra Pradesh, Rajasthan, Tamil Nadu, Telangana, Gujarat, and Karnataka each now have more than 1 GW of solar installed.
April 10, 2017

Foundation Stone Laid for 25 MW of Solar Projects in Andaman & Nicobar

Foundation stones for solar projects aggregating 25 MW were laid in Andaman & Nicobar. The Union Home Minister Shri Rajnath Singh, laid the foundation stone for the Solar Power Projects of 17 MW capacity at Manglutan and 8 MW capacity at Chidiyatapu, in South Andaman on April 7, 2017, according to a government release.
April 10, 2017

SolarEdge Expands into India with New offices in Bangalore

SolarEdge, a leader in PV inverters, power optimizers, and module-level monitoring services, opened its India office in Bangalore. SolarEdge is already active in the Indian PV market and is now looking to expand its footprint in the country.
April 07, 2017

MNRE Releases Competitive Bidding Draft Guidelines for Wind Power Projects

The Ministry of New and Renewable Energy (MNRE) has released draft guidelines for tariff-based competitive bidding process for wind power projects. The draft is open for comments up to April 21, 2017.
April 07, 2017

Tata Power Renewable Energy Commissions 100 MW Wind Project in Nimbagallu, Andhra Pradesh

Tata Power Renewable Energy (TPREL), a wholly owned subsidiary of Tata Power, commissioned a 100 MW wind project being developed in Nimbagallu, Andhra Pradesh.
April 07, 2017

Andhra Pradesh State Renewable Energy RPO Set at 9 Percent for FY2017-18

The Andhra Pradesh Electricity Regulatory Commission (APERC) has set the state’s renewable purchase obligation (RPO) for the financial year FY2017-2018 at nine percent, of which the solar RPO is 3 percent and the non-solar RPO is 6 percent (this excludes large hydro).
April 06, 2017

Andhra Pradesh Electricity Regulatory Commission Sets Wind Benchmark Tariff at Rs.4.35 (~$0.067)/kWh for FY2017-18

The Andhra Pradesh Electricity Regulatory Commission (APERC) has set the benchmark tariff for wind power in Andhra Pradesh at Rs.4.35 (~$0.067)/kWh with accelerated depreciation and Rs.4.76 (~$0.073)/kWh without accelerated depreciation.
April 06, 2017

ReNew Power Adds 1,056 MW of Renewable Energy Capacity in FY2016-17

ReNew Power, a renewable energy project developer, added 1,056 MW of renewable energy capacity in financial year (FY) 2016-17. The capacity includes 430 MW of solar and 626 MW of wind power assets.
April 06, 2017

New and Renewable Energy Development Corporation of Andhra Pradesh Tenders 2.4 MW of Rooftop Solar

The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has tendered 2.4 MW of grid connected rooftop solar to be developed under RESCO mode. The rooftop solar projects will be constructed on government hospitals and buildings owned by municipalities in Vizianagaram, Andhra Pradesh under net metering basis for captive utilization of power. The project completion timeframe is 120 days from the date of receiving letter of award (LoA).
April 05, 2017

SgurrEnergy India Delivers Detailed Engineering Services for Adani’s 648 MW Solar Project

SgurrEnergy India Pvt. Ltd. (SgurrEnergy India), a leading solar engineering consultancy in India, is pleased to announce that it was selected by Adani Power to provide solar engineering services to the world’s largest solar project, the 648MW (AC) solar project located at Kamuthi village in the Ramanathapuram district of Tamil Nadu, India.
April 05, 2017

Rays Power Experts Commissions 5.5 MW of Rooftop Solar for Delhi Metro Rail Corporation

Rays Power Experts commissioned a 5.5 MW solar rooftop project for the Delhi Metro Rail Corporation (DMRC). The entire 5.5 MW is spread across various locations and stations owned by the DMRC.
April 05, 2017

Fortum Commissions 70 MW Bhadla Solar Park Project at Previous Record Low Bid of Rs.4.34/kWh

Fortum commissioned a 70 MW solar project at Bhadla Phase-II Solar Park in Rajasthan under National Solar Mission (NSM) Phase-II, Batch-II, Tranche-I. The 70 MW solar project is Fortum's third and so far biggest commissioned solar energy project, stated the company. The power purchase agreement for the project was signed in March 2016 with National Thermal Power Corporation (NTPC) for a 25-year period.
April 05, 2017

India to Add 1 GW of Solar By the End of April at Kurnool Solar Park in Andhra Pradesh

The entire Kurnool Ultra Mega Solar Park of 1,000 MW capacity is expected to be connected to the grid by the end of April 2017. The Kurnool Solar Park is being implemented by Andhra Pradesh Solar Power Corporation Private Limited (APSPCPL), a joint venture of Government of India and State Government of Andhra Pradesh under the National Solar Mission Phase-II, Batch-II, State Specific Bundling Program.
April 04, 2017

ADB to Provide $200 Million Loan to Finance Energy Efficient Lights and Pumps in India

The Asian Development Bank (ADB) will provide a $200 million (~Rs.13 billion) loan to finance energy efficient lights and water pumps in India.
April 04, 2017

Mercom Exclusive: Solar Tenders and Auctions Have Slowed in India

While solar installations in India have picked up speed, tender and auction activity has been slowing down over the last couple of quarters. According to Mercom's India Solar Project Tracker, about 1.9 GW of solar was tendered in Q1 2017 (1 GW of this was a retender), compared to 3.4 GW in Q4 last year. There were 1.3 GW of solar projects auctioned in Q1 2017, compared to 255 MW in Q4 2016. The slowdown in activity has been disconcerting to developers and manufacturers that have been positioning for much higher levels of activity based on India’s solar installation goal of 100 GW by 2022.
April 04, 2017

Oriano Solar Raises Rs.200 Million in Series A Funding

Oriano Solar, a solar focused EPC firm, has raised Series A funding of Rs.200 million ($3 million) from Samridhi Fund, which is managed by SIDBI Venture Capital Ltd. The investment is a mix of equity and debt.
April 04, 2017

Achievement-Linked Incentives and Awards Program Approved for Grid Connected Rooftop Solar

The government has approved the proposed amendments to the Achievement-linked Incentives and Awards program for grid connected rooftop and small solar power projects. These amendments will come into effect on April 3, 2017.
April 03, 2017

Month in a Minute: March 2017

The Asian Development Bank approved a $175 million (~Rs.11.35 billion) loan to the Power Grid Corporation (PGCIL) to expand its solar power transmission network across the country.
April 03, 2017

1,000 MW of Solar Retendered, 4.5 MW Tendered and 47.5 MW Auctioned in India, in March 2017

In the month of March, there were 1,000 MW of solar retendered, 4.5 MW newly tendered projects and 47.5 MW of solar that went to auction. Compared to February, when only 71 MW of solar was tendered but 750 MW of solar was auctioned.
April 03, 2017

Indian Railways Organization for Alternate Fuel and BHEL Sign Agreement to Develop a 2 MW Solar Rooftop Project

The Indian Railways Organization for Alternate Fuel (IROAF), an Indian Railways entity, and Bharat Heavy Electricals (BHEL) entered into an agreement to develop a 2 MW solar rooftop project in the city of Patiala in southeastern Punjab.
April 03, 2017

India Solar and Renewable Energy Policy Roundup: March 2017

Here is a renewable energy policy roundup from central, state and government agencies in India for the month of March 2017.
April 03, 2017

5,400 MW of Wind Power Installed in India FY2016-17

Installed cumulative wind capacity in India has now crossed 32 GW. In the financial year (FY) 2016-17, wind projects aggregating 5,400 MW were installed across India, well over its target of 4,000 MW, according to the Ministry of New and Renewable Energy (MNRE).
April 03, 2017

World Bank to Provide $100 Million to Develop Solar Parks in India

The World Bank has approved $100 million (~Rs.6.5 billion) to develop solar parks in India. This includes a $75 million (~Rs.4.8 billion) loan from International Bank for Reconstruction and Development that will mature in 19 years and has a five-year grace period, a $23 million (~Rs.1.5 million) loan from the Clean Technology Fund (CTF) which has a 10-year grace period and a maturity of 40 years, and a $2 million (~Rs.129 million) interest-free CTF grant.
April 03, 2017

European Investment Bank to Provide EUR 200 Million (~$213 Million) Loan to State Bank of India for Large-Scale Solar Projects

The European Investment Bank (EIB) approved a EUR 200 million (~Rs.13.8 billion), 20-year loan to State Bank of India (SBI) which will be utilized to help develop large scale solar projects in India.
April 03, 2017

Indian State of Mizoram Joins UDAY Program

Mizoram is the 27th Indian State to join the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) program which was implemented by the government of India to assist in the financial and operational turnaround of DISCOMs.
April 02, 2017

Hindustan Power Commissions 50 MW of Solar in Punjab

Hindustan Power, an independent power producer, commissioned a 50 MW solar project in Punjab. The project was being developed under Punjab Solar Policy Phase-III.
March 31, 2017

Azure Power Wins Bids to Develop 46 MW of Rooftop Solar for Indian Railways

Azure Power, a solar project developer, has won bids to develop 46 MW of rooftop solar for the Indian Railways. The projects will be spread across 11 Indian states.
March 30, 2017

Sambhar Salts Tenders 1 MW Solar Project for Facility in Rajasthan

Sambhar Salts, a subsidiary of Hindustan Salts, a government-owned salt company, has tendered a 1 MW solar project to be developed at their facility in Rajasthan.
March 30, 2017

Asian Development Bank Approves $175 Million Loan Package for PGCIL

The Asian Development Bank (ADB) has approved a $175 million (~Rs.11.35 billion) loan to the Power Grid Corporation (PGCIL) to expand its solar power transmission network across the country.
March 30, 2017

CERC Reduces Forbearance Price of Solar RECs to Rs.2,400 (~$36.91)/MWh

The Central Electricity Regulatory Commission (CERC) has issued new forbearance and floor prices for Renewable Energy Certificates (REC).
March 30, 2017

Azure Power Commissions 137 MW of Solar

Azure Power commissioned 137 MW of solar in March 2017, including the 130 MW solar power system in Chitradurga district, Karnataka, under the Karnataka Solar Policy 2014-2021, and 7 MW of solar at defense establishments under Ministry of Defense, Government of India.
March 30, 2017

States of Meghalaya, Tripura, Arunachal Pradesh and Kerala Join India’s UDAY

Twenty-six Indian states and union territories have so far joined the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) program which was implemented by the government of India to assist the financial turn around of DISCOMs (utilities). The states of Meghalaya, Tripura, Arunachal Pradesh and Kerala are the new additions.
March 28, 2017

Mercom Exclusive: Payment Delays are Increasing Risk and Project Costs for Solar and Wind Projects in Many States

Payment delays by distribution companies (DISCOMs) continue to pose a challenge for the growing renewable energy sector in India as it tries to achieve 175 GW of renewable installations by 2022.
March 27, 2017

NTPC Commissions 260 MW Bhadla Solar Farm Under Its Self-Owned Projects Program

The National Thermal Power Corporation (NTPC) has completed commissioning of the 260 MW solar project being developed under its self-owned projects program. The final 55 MW of the project were commissioned on March 27, 2017.
March 27, 2017

Greenko Raises $155 Million in Equity Funding

Greenko Energy Holdings (Greenko), a renewable energy company, raised $155 million (~Rs.10.14 billion) in equity funding. The company signed definitive agreements with an affiliate of GIC and an entity that is wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA) to raise the funds.
March 24, 2017

NTPC Retenders 250 MW of Solar at Pavagada Solar Park in Karnataka

The National Thermal Power Corporation (NTPC) has retendered 250 MW of solar at Pavagada Solar Park in Karnataka under the domestic content requirement (DCR) category. The entire capacity is divided into five blocks of 50 MW each.
March 24, 2017

NTPC Raises Rs. 20 Billion (~$305 Million) through Green Masala Bonds

The National Thermal Power Corporation (NTPC) has raised Rs. 20 billion (~$305.47 million) through the issuance of Green Masala Bonds in the overseas market.
March 24, 2017

70 Billion Units of Electricity Generated by Renewable Energy Sources in the 10-Month Period from April 2016 to January 2017

In the 10-month period from April 2016 to January 2017, in the current fiscal, 70.13 billion units of electricity were generated from renewable energy sources, stated Minister for Power Mr. Piyush Goyal in the Lok Sabha.
March 24, 2017

Interest Costs of DISCOMs Reduced by Rs.119.89 Billion (~$1.83 Billion) Under UDAY Program

In the first nine months of India’s current financial year (FY) 2016-2017, the interest costs of states and union territory DISCOMs that have joined the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) program have been reduced by Rs.119.89 billion (~$1.83 billion) compared to the same period in FY 2015-16.
March 24, 2017

India’ Solar Park Capacity Increase from 20 GW to 40 GW Has Been Approved

The enhancement of India’s solar park program from 20 GW capacity to 40 GW capacity has received final administrative approval.
March 23, 2017

12,364 Villages Electrified Under the DDUGJY Program

A total of 12,364 villages have been electrified under the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) program as of February 28, 2017. A total of 6,088 villages are yet to be electrified.
March 23, 2017

90 Million LED Bulbs Distributed Under UJALA Program in Financial Year 2015-2016

Energy Efficiency Services Limited (EESL) has distributed 90 million LED bulbs under the Unnat Jyoti by Affordable LEDs for All (UJALA) program in the financial year 2015-16.
March 23, 2017

NTPC Tenders 1.5 MW of Grid-Connected Rooftop Solar at its Kudgi Stage-I Premises in Karnataka

The National Thermal Power Corporation (NTPC) has tendered 1.5 MW of rooftop solar to be developed at the NTPC Kudgi Stage-I premises. The project will be awarded through a domestic competitive bidding and the last date of bid submission is May 25, 2017.
March 23, 2017

NTPC Commissions 45 MW of Solar at the Bhadla Solar Park

The National Thermal Power Corporation (NTPC) has commissioned projects aggregating 45 MW at Bhadla solar park in Rajasthan. The NTPC announced that 25 MW of solar was commissioned on March 18, 2017, and another 20 MW of solar was commissioned on March 23, 2017.
March 22, 2017

TEDA Invites Expression of Interest to Develop 500 MW Solar Park in Tamil Nadu

The Tamil Nadu Energy Development Agency (TEDA) has invited expression of interest to develop a 500 MW solar park. Indian as well as international developers can participate.
March 22, 2017

New Benchmark Costs Set for Rooftop and Small-Scale Solar In India

New benchmark costs have been set for small-scale and rooftop solar projects in India, according to a government release and will come into effect on March 20, 2017. These new costs were approved by the President of India.
March 21, 2017

MNRE to Receive ~Rs.53.41 Billion (~$817 Million) From National Clean Energy Fund for FY2017-2018

The Ministry of New and Renewable Energy (MNRE) will receive ~Rs.53.41 billion (~$817 million) from the National Clean Energy Fund (NCEF) for financial year 2017-2018.
March 21, 2017

Mercom Exclusive: Renewable Purchase Obligation Compliance Needs to Improve Fast for India to Meet Its Solar Installation Targets

Renewable Purchase Obligation (RPO) is the single most important policy driving renewable energy installations in India towards achieving the aggressive goal of installing 175 GW by 2022 with solar making up 100 GW. Over the past three years, as states scrambled to fulfill their RPOs, cumulative installation figures for solar and wind energy increased exponentially, but unless compliance improves drastically it will be a challenge to meet the lofty 2022 installation goals.
March 21, 2017

Rural Electrification Corporation Powers 130 Million Rural Households

The Rural Electrification Corporation (REC) has electrified 13,04,63,046 rural households, so far. There were 17,75,90,317 unelectrified rural households, but the REC has achieved close to two-thirds of the target.
March 20, 2017

Tamil Nadu Energy Development Agency Bids for 50 MW of Solar Amid Lack of Response for the 500 MW Tender

The Tamil Nadu Energy Development Agency (TEDA) has bid for 50 MW of solar in the 500 MW tender floated by the state’s DISCOM, Tamil Nadu Generation and Distribution Corporation (TANGEDCO). The nodal agency, TEDA, quoted a tariff of Rs.4.44 (~$0.067)/kWh, but had been asked by TANGEDCO to match Rs.4.40 (~$0.065)/kWh which it did.
March 20, 2017

Solar Installations in India to Double in the Next 15 Months According to Minister of Power

According to the Indian Minister of Power, solar installations in India are expected to double in the next 15 months to cross 20 GW by June 2018. As of March this year, installed solar power capacity crossed 10 GW, four times the installed capacity three years ago.
March 20, 2017

110 MW of Solar Projects Commissioned in Uttarakhand

Solar projects aggregating 110 MW have been commissioned in the state of Uttarakhand with another 65 MW expected to be commissioned by the end of March 2017.
March 19, 2017

Government of India Developing Solar Energy Program for Power Loom Sector

To help support the power loom sector, the Government of India is formulating a solar energy program for decentralized power loom units in the country. The program will provide financial assistance and capital subsidies for the installation of solar in an effort to address power shortage issues faced by the decentralized power loom units in the country. The program is expected to become effective April 1, 2017.
March 17, 2017

NTPC Retenders 750 MW of Solar at Pavagada Solar Park in Karnataka

The National Thermal Power Corporation (NTPC) has retendered 750 MW of solar at the Pavagada Solar Park in Karnataka. This is an Open category tender and the bid-submission deadline is May 18, 2017.
March 17, 2017

149 MW of Solar Installed Under Off-Grid Program

Standalone solar projects aggregating 149 MW have been installed in India under the off-grid program.
March 15, 2017

Indian Oil Corporation to Tender 15 MW of Solar Rooftop

The Indian Oil Corporation (IOCL) is expected to tender 15 MW of rooftop solar soon.
March 15, 2017

140 MW of Solar Commissioned by Farmers in Karnataka

In the Karnataka state, solar projects aggregating 140 MW have been commissioned so far, under farmers program. These projects have been constructed on land held by farmers in the state.
March 15, 2017

Tata Power Solar Scales Up Manufacturing

Tata Power Solar has announced significant manufacturing capacity expansion at its Bengaluru facility in India. The company has increased its module capacity by 100 percent to 400 MW and the cell manufacturing capacity has been increased by 65 percent and now stands at 300 MW.
March 15, 2017

World Bank to Provide $25 Million Loan to Develop Transmission at Rewa Solar Park

The World Bank Group is providing $25 million (~Rs.1.65 billion) to develop transmission infrastructure at the Rewa Solar Park. The loan is being provided at an interest rate of 0.25 percent for a period of 40 years.
March 15, 2017

Canadian Solar Signs PPA with SECI for 80 MW of Solar in Maharashtra

Canadian Solar, a vertically-integrated manufacturer of silicon ingots, wafers and PV cells and modules, and the Solar Energy Corporation of India (SECI) have signed power purchase agreement (PPA) for solar projects aggregating 80 MW in the state of Maharashtra. The PPA will be in force for a period of 25 years.
March 13, 2017

Mercom Exclusive: Solar Tariffs in India Have Fallen by 73 Percent Since 2010

India’s solar sector recently reached record low tariff levels in the auction conducted at the Rewa Solar Park in the state of Madhya Pradesh. India was one of the first countries to adopt reverse auctions for solar projects since the inception of its national solar policy and the government’s goal has always been to procure solar power at the lowest price possible.
March 13, 2017

Rs.72.68 Billion (~$1.09 Billion) Inter-Regional Power Transmission Project Approved

India’s transmission sector is getting some much needed funding in order to meet the country’s growing solar installations. Fifty-seven inter-regional power transmission projects have been approved under the Power System Development Fund program. These projects will cost Rs.72.68 billion (~$1.09 billion), stated Mr. Piyush Goyal, Minister for Power, in the Lok Sabha.
March 10, 2017

MNRE: Cumulative Solar Installations in India Crosses 10 GW

Cumulative solar installations have crossed 10 GW in India according to The Ministry of New and Renewable Energy (MNRE).
March 10, 2017

Rs.2.07 Trillion (~$30.99 Billion) of DISCOM Debt Restructured Under India’s UDAY Program Says Mr. Piyush Goyal

A total of ~Rs.2.07 trillion DISCOM debt has been restructured under the UDAY program in India.
March 10, 2017

No Incentive Packages for Domestic Solar Manufacturers So Far

The incentive program that was being considered by MNRE to support the Indian domestic solar manufacturers will not be moving forward.
March 09, 2017

24 MW of Solar Installed Under the Canal Bank and Canal Top Program

So far, solar canal bank and canal top projects aggregating 24 MW have been commissioned in India. These projects are part of the Ministry of New and Renewable Energy’s (MNRE’s) program to develop 100 MW of grid-connected solar PV power projects on canal banks and canal tops throughout the country. Under the program, projects aggregating another 50 MW are expected to be commissioned by April 2017.
March 08, 2017

Delhi Government Releases Solar Policy 2016-2020

The state government of Delhi has released the Delhi Solar Policy 2016, which is applicable for the four-year period 2016-2020. This policy will be applicable for any solar energy generating system with a capacity of 1 kW or more.
March 08, 2017

Military Engineer Services Tenders 1 MW of Solar in Ambala

The Military Engineer Services has tendered a 1 MW solar project to be constructed in Ambala. Bid-submission deadline is March 27, 2017.
March 08, 2017

NTPC Commissions Another 45 MW of Solar at Bhadla; Crosses a Milestone of 500 MW

The National Thermal Power Corporation (NTPC) has commissioned projects aggregating 45 MW at the Bhadla Solar Power Project being developed in Rajasthan. The NTPC, announced the commissioning of another 45 MW out of the 260 MW solar project being developed at Bhadla.
March 08, 2017

Northeast Frontier Railway Tenders 1 MW of Rooftop Solar

The Northeast Frontier Railway has tendered a 1 MW rooftop solar project in Bongaigaon, Assam. The project will be constructed at the Carriage & Wagon Workshop, Northeast Frontier Railway. The bid-submission deadline is April 11, 2017.
March 08, 2017

CERC Changes Duration of Long-Term Access and Medium-Term Open Access for Power Projects

The Central Electricity Regulatory Commission (CERC) has released the sixth amendment CERC (Grant of Connectivity, Long-term Access and Medium-term Open Access in Inter-State Transmission and related matters) Regulations 2017.
March 06, 2017

India Generated 9.4 Billion Units of Solar Power in the Nine Month Period from April to December 2016, an 81% Increase Over the Same Period in 2015

Solar in India accounted for ~9,378 million units of electricity produced in the country during the nine-month period from April to December, 2016, an 81 percent increase over the same period in 2015, according to the Central Electricity Authority (CEA). Solar now accounts for one percent of the total power generated in the country. Solar’s share of the electricity generated by renewable energy sources has increased to 14.5 percent.
March 06, 2017

Vivaan Solar to Develop 1.5 MW Solar Rooftop Project at Jhansi Railway Station

Vivaan Solar will develop the 1.5 MW solar rooftop system at the Jhansi Railway Station. The company quoted a tariff of Rs.5.64 (~$0.0844)/kWh and the project is expected to be commissioned within nine months.
March 06, 2017

Karnataka Electricity Regulatory Commission Proposes New Benchmark Solar Tariff of Rs.4.51 (~$0.066)/kWh for Utility-Scale Solar Projects

The Karnataka Electricity Regulatorcy Commission (KERC) has proposed a new benchmark tariff of Rs.4.51 (~$0.066)/kWh for solar PV projects starting April 1, 2017, 31 percent lower than the current benchmark tariff of Rs.6.51 (~$0.097)/kWh, which was set in 2015.
March 05, 2017

Renewable Energy Accounts for 16 Percent of India’s Energy Mix

Renewable energy generation in India continues to grow, accounting for ~16.10 percent of India’s energy mix. The country’s total installed generation capacity is 315,369.08 MW with renewables accounting for 50,745 MW of it.
March 05, 2017

India Solar Imports Grow by 41 Percent, Exports Decline 49 Percent in the First Nine Months of Financial Year 2016-2017

In the nine months from April to December in financial year (FY) 2016-2017, export and import activity totaling $1.9 billion (~Rs.127 billion) was registered in the Indian solar sector. This was $0.38 billion (~Rs.25.26 billion) more compared to import and export activity worth $1.5 billion (~Rs.101.78 billion) in the same period in FY 2015-16.
March 03, 2017

Neyveli Lignite Corporation Invites Expression of Interest for 5 MW Floating Solar Project

The Neyveli Lignite Corporation has proposed to develop a 5 MW floating solar power project in Andaman & Nicobar. The company has invited an expression of Interest from companies with experience in the field of installing floating solar power projects or having technology for installing large scale floating platforms.
March 03, 2017

SECI Cancels 150 MW Bhadla Solar Park Tender Under Domestic Content Category

The Solar Energy Corporation of India (SECI) has cancelled the projects tendered under the domestic content requirement (DCR) category in Bhadla Solar Park, Rajasthan; these projects fell under the National Solar Mission Phase II, Batch 4, the SECI stated in a release.
March 02, 2017

Month in a Minute: February 2017

The 2017-18 budget proved to be a dampener for the Indian renewable energy sector. Manufacturing sector did not get the required boost. Accelerated depreciation was reduced from 80 percent to 40 percent and 10-year income tax holiday under section 80-IA was not reinstated.
March 02, 2017

India Sees 750 MW of Solar Auctioned and 71 MW of Solar Tendered in February 2017

In February 2017, just 70.8 MW of solar was tendered in India, compared to 931 MW in January 2017. Rooftop solar accounted for most of the capacity tendered in February. Solar auction activity was robust with 750 MW in February compared to 504 MW in January.
March 02, 2017

Telangana to Announce Equated Monthly Installment (EMI)-Based Rooftop Installation Program

An Equated Monthly Installment (EMI)-based rooftop installation program for individual consumers is on the charts in Telangana. The state government of Telangana held discussions with banks to tie up for the new program. In the beginning the program will be available to government employees in the state.
March 02, 2017

Demonetization Helps DISCOMs Recover Close to Rs.28.75 Billion

The demonetization program has proved to be a positive for India’s power distribution companies (DISCOMs). The Power Finance Corporation (PFC) stated that DISCOMs across the country were paid a total of Rs.28.75 billion (~$430.21 million) against pending electricity bill payments.
March 02, 2017

MNRE Releases Competitive Bidding Draft Guidelines for Solar Projects

The Ministry of New and Renewable Energy (MNRE) has released draft guidelines for tariff-based competitive bidding process for solar projects.
March 01, 2017

CERC Reduces Floor Price of Solar RECs to Rs.1,000/MWh

The Central Electricity Regulatory Commission (CERC) has issued new forbearance and floor prices for Renewable Energy Certificates (REC). The CERC has announced that the forbearance price of solar RECs will be set to Rs.2,500 (~$37.41)/MWh and the floor price will be Rs.1,000 (~$14.962)/MWh. The forbearance price for non-solar RECs will be set to Rs.2,900 (~$43.39)/MWh and the floor price will be Rs.1,000 (~$14.962)/MWh.
March 01, 2017

India Solar Policy Roundup: February 2017

Here is a renewable energy policy roundup from central, state and government agencies in India for the month of February 2017.
February 28, 2017

Numaligarh Refinery Tenders 1 MW Solar Project in Assam

Numaligarh Refinery, a group company of Bharat Petroleum Corporation, has tendered a 1 MW solar project to be developed at the Numaligarh Refinery facility located in Golaghat, Assam. The bid-submission deadline is March 1, 2017 and the project commissioning timeframe is eight months.
February 28, 2017

MNRE Reduces Solar Tariffs for Defense VGF Program

The Ministry of New and Renewable Energy (MNRE) has proposed amendments to the guidelines for the implementation of Defense Viability Gap Funding (VGF) Program. The fixed tariff for these projects has been reduced to Rs.4.50 (~$0.06735)/kWh from the previous Rs.5.50 (~$0.8232)/kWh.
February 28, 2017

Andaman & Nicobar Electricity Department Tenders 2 MW of Rooftop Solar

The electricity department of Andaman & Nicobar has tendered 2 MW of rooftop solar in the union territory. The bid-submission deadline is March 20, 2017.
February 28, 2017

PGCIL Secures $500 Million from ADB to Develop the Green Energy Transmission Corridor

The Asian Development Bank (ADB) is providing a $500 million loan to Power Grid Corporation of India (PGCIL) for the development of Green Energy Corridor, according to a PGCIL BSE filing.
February 28, 2017

Mercom Exclusive: One Year After Launch, UDAY Yet to Make a Big Impact

Dismal DISCOM (distribution company) credit profiles due to high debt, heavy losses and poor operational efficiencies affects every aspect of the Indian power sector and is directly responsible for large populations without access to power, regular power cuts and the inability to purchase power from generators.
February 28, 2017

India Power Green Utility and Punj Lloyd to Co-Develop 20 MW of Solar in Uttarakhand

India Power Green Utility Private Limited (IPGUPL), a wholly owned subsidiary of India Power Corporation Limited, will co-develop 20 MW of solar in Uttarakhand in partnership with Punj Lloyd. The project will consist of two 10 MW solar projects.
February 28, 2017

Tata Power Renewable Energy Begins Commercial Operation of 15 MW Solar Project in Telangana

Tata Power Renewable Energy, a wholly owned subsidiary of Tata Power, has begun commercial operation of a 15 MW solar project in Telangana. The company announced the synchronization of its 15 MW solar project located in Belampally in Telangana on February 23rd.
February 28, 2017

ArcelorMittal Proposes 600 MW Solar Farm in Karnataka

ArcelorMittal is planning to construct a 600 MW solar farm in Karnataka.
February 27, 2017

Tamil Nadu Electricity Regulatory Commission Proposes New Benchmark Solar Tariff for FY 2017-18

The Tamil Nadu Electricity Regulatory Commission (TNERC) has proposed a new benchmark solar tariff of Rs. 4.50 ($0.0673)/kWh with accelerated depreciation and a tariff of Rs.4.41 (~$0.0659)/kWh without accelerated depreciation for FY 2017-18. The commission has invited comments and suggestions on its proposal on or before March 15, 2017. Once comments and suggestions are received and reviewed, the new tariff order will be come into force from April 1, 2017.
February 27, 2017

NTPC Commissions 115 MW of Solar in Rajasthan’s Bhadla

The National Thermal Power Corporation (NTPC) has commissioned projects aggregating 115 MW at the Bhadla Solar Power Project being developed in Rajasthan. The NTPC, through a Bombay Stock Exchange (BSE) filing, announced the commissioning of 115 MW out of the 260 MW project being developed.
February 27, 2017

SECI Auctions 1,000 MW of Wind

The Solar Energy Corporation of India (SECI) successfully auctioned 1,000 MW of wind in India. This was the first time that competitive bidding was conducted in the country to award wind power projects.
February 26, 2017

Sikkim Becomes 22nd UDAY Signatory

Sikkim has become the 21st Indian state to join the Ujwal DISCOM (distribution company) Assurance Yojana program. Sikkim is to derive net benefits valued at ~Rs.2.07 billion ($0.03101 billion) through the UDAY program by cheaper funding, reductions in Aggregate Technical and Commercial (AT&C) and transmission losses, and through increased energy efficiency.
February 22, 2017

Solar Park Installed Capacity Target Increased to 40,000 MW

The Cabinet Committee on Economic Affairs has approved an increase in solar park installed capacity target from 20,000 MW to 40,000 MW for projects to be development in solar parks and ultra-mega solar power projects.
February 22, 2017

PGCIL Wins Bid to Develop 765 kV Transmission Project to Strengthen Eastern Grid

The Power Grid Corporation of India (PGCIL) has won the bid to construct a 765 kV transmission project in India’s Eastern Region (ERSS-XVIII). They won the bid through competitive bidding auction and will develop the transmission network on a build, own, operate and maintain (BOOM) basis. PFC Consulting, a subsidiary of Power Finance Corporation, conducted the tender.
February 21, 2017

MNRE to Reduce Minimum Solar Project Size Under VGF Program

The Ministry of New and Renewable Energy (MNRE) has proposed amendments to the guidelines for implementation of the Viability Gap Funding (VGF) program, reducing the minimum project size of special category states and union territories to 5 MW. The previously allowed minimum project size was 10 MW. The new amendment will not apply to bids that have already been opened by Solar Energy Corporation of India.
February 20, 2017

Rural Electrification Corporation Signs MoU Worth Rs.151.5 Billion (~$2.25 billion) in Jharkhand to Connect State to the Grid

The Rural Electrification Corporation (REC) has signed a memorandum of understanding (MoU) with the state government of Jharkhand worth Rs.151.5 billion (~$2.25 billion). An MoU was signed with Jharkhand Bijli Vitran Nigam Limited (JBVNL) for Rs.81.5 billion (~$1.212 billion) and another with Jharkhand Urja Sancharan Nigam Limited (JUSNL) for Rs.70 billion (~$1.041 billion) to develop transmission lines across the state and connect the entire state to the grid.
February 20, 2017

Another TANGEDCO Tender Sees Tepid Response: Bids for 300 MW Received on a 500 MW Tender

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO), which had tendered 500 MW of solar to meet its renewable purchase obligation (RPO), has received technical bids to develop 300 MW of solar. This is the second solar tender by TANGEDCO which is witnessing a tepid response. Previously TANGEDCO tendered 500 MW and received bids to develop just 117 MW.
February 19, 2017

Mercom Exclusive: Can Domestic Manufacturers Capture a Larger Piece of the Growing Indian Solar Market?

Solar installations in India reached 4 GW in 2016, and are expected to surpass 9 GW in 2017, an incredible pace of growth considering India installed just 883 MW in 2014. With exponential growth in the sector, the government wants to ramp up domestic manufacturing to decrease the volume of solar module imports which, along with installations, has also increased dramatically.
February 16, 2017

CERC Releases Draft Renewable Energy Tariff Regulations for 2017-2020

The Central Electricity Regulatory Commission (CERC) released their draft tariff regulations for 2017 to 2020. The public hearing on the draft will be held on March 15, 2017, and the draft will come into effect on April 1, 2017.
February 16, 2017

IREDA Launches Mobile Apps for Managing Vendor Payments, Wind and Solar Generation Based Incentives

The Indian Renewable Energy Development Agency (IREDA) has launched mobile apps for managing vendor payments and wind and solar generation based incentives. These apps are expected to help IREDA provide efficient online services to customers and vendors.
February 15, 2017

Japan’s JERA Invests $200 Million in ReNew Power

JERA, a joint venture company of two of Japan’s largest utility companies – Tokyo Electric Power and Chubu Electric Power, invested $200 million for a 10 percent stake in India’s ReNew Power marking their entry into the Indian energy sector. With this investment, ReNew Power is being valued at approximately $2 billion according to the company.
February 15, 2017

Jammu & Kashmir Approves Solar Rooftop Policy to Install 450 MW by 2022

The state cabinet of Jammu & Kashmir has approved the 2016 draft policy for grid-connected rooftop power projects with net-metering.
February 15, 2017

Solar Tariffs, Domestic Manufacturing and Jobs Expected to Increase after GST Rollout Says the Council on Energy, Environment and Water

Solar tariffs are expected to see a rise of 10 percent once the Goods and Services Tax (GST) is rolled out, according to a study by the Council on Energy, Environment and Water (CEEW). The Council also found that the GST will give a boost to the government’s “Make in India” initiative, improving competitiveness of Indian manufacturers of solar cells, panels and modules, eliminate the cascading effect of the existing tax structure, and introducing an input tax credit. Increased competitiveness of domestic solar manufacturers could create an additional 37,000 new jobs in the solar manufacturing sector by 2022, according to the report.
February 10, 2017

New Record Low Solar Tariff of Rs.3.30/kWh Logged at Rewa Solar Park Auction in Madhya Pradesh, India

In the recently concluded 750 MW Rewa Solar Park auction in Madhya Pradesh, bids reached a new record low of Rs.3.30 (~$0.494)/kWh (levelized tariff over 25 years) over a rupee lower than the previous low tariff of Rs.4.34 (~$0.065)/kWh, which was recorded in the state of Rajasthan in January 2016. The winning bid for first year tariff hit a new low of Rs.2.97 (~$0.0444)/kWh and will escalate by Rs.0.05 (~$0.0007) over 15 years, bringing the levelized tariff to Rs.3.30 (~$0.494)/kWh over 25 years.
February 08, 2017

West Bengal Tenders 10 MW of Grid-Connected Solar Rooftop

The West Bengal Renewable Energy Development Agency (WBREDA) has tendered 10 MW of grid-connected rooftop solar in West Bengal. The capacity includes 1,000 grid-connected rooftop solar PV installations each with a capacity of 10 kW. This is a domestic competitive tender with a bid-submission deadline of February 25, 2017.
February 07, 2017

JAKEDA Tenders 37.8 MW of Grid-Connected Rooftop Solar in Jammu & Kashmir

The Jammu and Kashmir Energy Development Agency (JAKEDA) has tendered 37.8 MW of grid-connected rooftop solar to be installed across the state. Ministry of New and Renewable Energy (MNRE)-empaneled channel partners of solar PV systems having valid channel partner certificate for “design and supply of grid-connected rooftop solar PV projects” in the range of 1 to 1,000 kW capacity can submit bids. The last date of bid submission is February 28, 2017.
February 06, 2017

Cumulative Renewable Energy Installations Cross 50 GW in India

The share of renewable power in India’s energy mix continues to increase with cumulative installations now exceeding 50 GW. The solar sector is witnessing installations and project commissioning at a rapid pace, while the wind sector is implementing a competitive bidding process to develop wind power projects. Small hydro is expected to see installations increase, as the Ministry of New and Renewable Energy (MNRE) has detailed project reports ready for implementation. The MNRE plans to add 175 GW renewables capacity by 2022.
February 06, 2017

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in January 2017

Important Headlines and Data Points from the Indian Renewable Sector in January 2017
February 06, 2017

931 MW of Solar Tendered and 504 MW of Solar Auctioned in January 2017, in India

In January 2017, 931 MW of solar was tendered in India, compared to 1,776 in December 2016. January witnessed five times more capacity auctioned, compared to December, in which 100 MW of solar was auctioned.
February 06, 2017

Mercom Exclusive: Elimination of Key Subsidies Adds to Challenges Faced by Rooftop Solar in India

The government of India in 2014 revised the national solar installation target from 22 GW to an aggressive 100 GW by 2022. The target was split between large-scale solar (60 GW) and distributed solar (40 GW). Though large-scale is seeing exponential growth year-over-year, distributed solar largely consisting of rooftop and ground-mounted captive projects of up to 1 MW has lagged with just over 600 MW installed as of December 2016.
February 05, 2017

Policy Roundup: January 2017

Here is a renewable energy policy roundup from central, state and government agencies in India for the month of January 2017.
February 02, 2017

West Bengal State Electricity Distribution Company Tenders 20 MW (AC) of Solar

The West Bengal State Electricity Distribution Company Limited (WBSEDCL) has tendered two solar projects of 10 MW each to be developed at Paschim Medinipur, West Bengal. This is an engineering procurement and construction (EPC) contract and the bid-submission deadline is February 28, 2017. The capacity has been tendered to meet solar Renewable Purchase Obligation (RPO), stated a WBSEDCL official. Each project is estimated to cost Rs.571.2 million (~$8.39 million).
February 02, 2017

2017-18 Budget a Disappointment for the Indian Renewable Energy Sector

Overall, India’s 2017-18 budget is a disappointment for renewable energy sector. There were no major subsidies or incentives announced. There had been hope that reduction in accelerated depreciation and the expiration of 80-IA tax benefits (the two important incentives for the sector) would be reversed, but that did not happen.
January 31, 2017

Karnataka Solar Policy: State Revises Solar Installation Target to 6,000 MW by March 2021

The government of Karnataka has announced amendments to the Karnataka State Solar Policy 2014-21. The estimated solar energy potential of the state has been updated from 20 GW to 24.7 GW and the targeted solar capacity has been increased to 6,000 MW by March of 2021 which is 4,000 MW more than the previous target. The change in the target has been made to reflect the new tariff policy and targets fixed for the state by the Ministry of New and Renewable Energy (MNRE).
January 30, 2017

SECI Tenders a 50 MW Solar Project under DCR Category at Bhadla Phase-IV Solar Park in Rajasthan

The Solar Energy Corporation of India (SECI) has tendered 50 MW of solar under the domestic content requirement (DCR) category at Bhadla Phase-IV Solar Park in Rajasthan. The project will be developed under the National Solar Mission (NSM) Phase-II, Batch-4, Tranche-XI, at Bhadla Phase-IV Solar Park. The bid-submission deadline is February 21, 2017.
January 30, 2017

SECI Tenders 100 MW of Solar Under the Domestic Content Category at Bhadla Phase-III Solar Park in Rajasthan

The Solar Energy Corporation of India (SECI) has tendered a 100 MW solar project under domestic content requirement (DCR) category at Bhadla Phase-III Solar Park in Rajasthan. The project will be developed under National Solar Mission (NSM) Phase-II, Batch 4, Tranche-X, at Bhadla Phase-III Solar Park on build own operate basis. The bid-submission deadline is February 21, 2017.
January 30, 2017

Bharat Electronics Limited Tenders 36 MW of Solar Projects under DCR Category

Bharat Electronics Limited (BEL) has tendered a total of 36 MW (AC) of solar under the domestic content requirement (DCR) category. The capacity comprises of two projects of 10 MW and one project of 16 MW. The 16 MW solar project will be developed at the Heavy Vehicle Factory located at Avadi in Tamil Nadu, and the 10 MW project will be developed at the Gun Carriage Factory, and the other 10 MW project will be developed at Vehicle Factory Jabalpur located in Jabalpur, Madhya Pradesh.
January 30, 2017

Indian Oil Corporation Tenders 3 MW of Solar in Kadapa, Andhra Pradesh

The Indian Oil Corporation Limited (IOCL) tendered a 3 MW ground mounted solar PV project to be constructed at Indian Oil Kadapa Bottling Plant premises located in Kadapa, Andhra Pradesh.
January 27, 2017

REC Power Trading Company Tenders 10 MW of Grid-Connected Rooftop Solar in Assam

REC Power Trading Company Limited (RECPDCL) has tendered 10 MW of rooftop solar on behalf of Assam Power Distribution Company (APDCL). The APDCL has set a target of 250 MW for the installation of grid-connected rooftop solar PV in Assam in next five years. In the first phase, APDCL selected RECPDCL as Project Management Consultant (PMC) for the implementation of 10 MW of grid-connected rooftop solar PV projects.
January 27, 2017

NHPC Tenders 30 MW Solar Project in Uttar Pradesh

The National Hydroelectric Power Corporation (NHPC) tendered a 30 MW solar PV project to be developed in the Jalaun district of Uttar Pradesh. This is an engineering procurement and construction (EPC) contract and the project will be developed on turnkey basis. The bid submission deadline is March 1, 2017. The project is expected to be complete within 12 months from the notification of award.
January 24, 2017

Solar Imports Grew by 40 Percent Year-over-Year, Exports Declined 22 Percent in the First Seven Months of Financial Year 2016-17

In the seven months from April to October in financial year (FY) 2016-17, export and import activity totaling $1.22 billion (~Rs.83.22 billion) was registered in the Indian solar sector. This was $1 billion (~Rs.68.35 billion) more compared to import and export activity worth $224 million (~Rs.15.28 billion) in the same period in 2015.
January 24, 2017

GERC Issues Draft Regulations With Focus on Large-Scale Grid Integration of Solar and Wind for 2017

The Gujarat Electricity Regulatory Commission (GERC) has issued draft regulations for solar and wind power for 2017. The objective of these regulations is to facilitate large-scale grid integration of solar and wind generating stations while maintaining grid stability and security, through forecasting, scheduling, and implementing a commercial mechanism for deviation settlement of the generators.
January 23, 2017

CERC Releases White Paper on Energy Storage

The Central Electricity Regulatory Commission (CERC) has released a white paper on energy storage systems in an effort to generate discussion among the stakeholders and better understand users’ perceptions about deployment and operation issues relating to grid-level storage technologies.
January 23, 2017

Central Electronics Limited Tenders 100 MW Grid-Connected Rooftop Solar

Central Electronics Limited (CEL), a Government of India enterprise, has tendered 100 MW of grid-connected rooftop solar to be installed on office buildings and railway stations under zonal railways, using the RESCO model. The bidding process will be implemented on a state-wise basis and bidders can apply for a maximum of three states or 20 MW capacity. The minimum project size is 50 kW. Bid-submission deadline is March 6, 2017. According to the tender document, the tariff in the first three years will be capped at Rs.6.00 (~$0.087)/kWh for general category states and union territories, and a tariff for special category states and union territories will be capped at Rs.4.00 (~$0.058)/kWh in the first three years.
January 23, 2017

Solar in India Generated 8.4 Billion Units of Electricity in the Eight Month Period from April to November 2016; 87% increase over the same period in 2015

Solar energy now accounts for 1 percent of the total electricity generated in India and 14.3 percent of total renewable power generated in the country. During the eight-month period from April to November in 2016, solar accounted for 8,436.06 million units of electricity, according the Central Electricity Authority (CEA).
January 22, 2017

Solar Lending Rates Witness Slight Dip in the last Quarter

The Indian solar sector witnessed a slight dip in lending rates over the last quarter (Oct-Dec 2016). The average interest rates for solar projects came down slightly compared to the previous quarter. Projects with tariffs below Rs.5 (~$0.073)/kWh are suddenly becoming viable and banks are now finding it comfortable to lend to the solar sector at lower interest rates. Large corporations with big balance sheets continue to enjoy the privileges of lower lending rates.
January 18, 2017

$1.1 Billion in Funding and M&A Deals Announced in the Indian Solar Sector in Q4 2016

With solar installations in 2016 totaling 4 GW, financial activity was robust in the fourth quarter of 2016, with approximately $1.1 billion (~Rs.76.6 billion) in announced corporate, project funding and M&A deals according to the recently released Q4 and Annual 2016 Solar Funding and M&A Report by Mercom Capital Group.
January 18, 2017

World Bank Launches Global Solar Atlas in Partnership with International Solar Alliance

The World Bank, in partnership with the International Solar Alliance (ISA), launched the Global Solar Atlas, a free, web-based tool to help investors and policymakers identify potential sites for solar power generation virtually anywhere in the world stated the World Bank. It will allow users to overlay additional data such as transmission lines and protected areas to identify possible zones or sites for solar development.
January 18, 2017

ADB Approves $390 Million Financing Package for ReNew Power to Develop 709 MW of Solar and Wind in India

The Asian Development Bank (ADB) has approved a $390 million (~Rs.26.54 billion) financing package for ReNew Power, an Indian renewable energy project developer. The funds will be utilized to develop 398 MW of solar PV projects across Jharkhand and Telangana and 311 MW of wind in Andhra Pradesh, Gujarat, Karnataka, and Madhya Pradesh.
January 16, 2017

25 Indian States Fall Behind Solar RPO Targets

Twenty-five states in India have fallen behind their renewable purchase obligation (RPO) targets. The state-wise installation targets set by the Ministry of New and Renewable Energy (MNRE) have not been met; only 2,250 MW of solar was installed through December 31, 2016, compared to the targeted 12,000 MW for financial year (FY) 2016-17. States are now being requested by MNRE to ensure RPO compliance including through purchase of renewable energy certificates (RECs).
January 15, 2017

Will New MNRE Incentives for DISCOMs Spur Solar Rooftop Growth in India?

The Ministry of New and Renewable Energy (MNRE) has announced financial assistance in the form of grants to distribution companies (DISCOMs) of up to Rs.3.75 million (~$55,000)/MW for rooftop solar installations.
January 12, 2017

Top Rooftop Installers in India

In India, the rooftop solar sector is beginning to show some growth. Within the past two years, cumulative rooftop solar installations have reached 605 MW, according to Mercom’s Solar India Quarterly Update.
January 11, 2017

Top Eight Inverter Manufacturers Account for 96 Percent of India’s Solar Inverter Market

The top eight inverter manufacturers account for 96 percent of inverter market in India, led by ABB with 22 percent, followed by SMA Solar with 18 percent.
January 11, 2017

ABB to Construct 1,830 km Transmission Link for PGCIL

The Power Grid Corporation of India (PGCIL) has awarded a $640 million transmission project to ABB, a power and automation technology group. The project involves developing an ultra-high-voltage direct current (UHVDC) 1,830 km transmission link between Raigarh, Chhattisgarh to Pugalur, Tamil Nadu. The link is expected to have transmission capacity of 6,000 MW and provide seamless power supply to 80 million Indian households. The project is expected to be complete in 2019.
January 11, 2017

Tata Power and ReNew Power Top the List of Large-Scale Solar Developers in India

Utility scale solar in India has seen exponential growth over the past two years with installations of approximately 9 GW to date, making up about 94 percent of total installations. Tata Power has come out on top with the largest share of operating projects in India, while ReNew Power comes out on top for the largest pipeline of large-scale projects in the country.
January 09, 2017

Tamil Nadu Becomes 21st Indian State to Join UDAY

Tamil Nadu has become the 21st state in India to join the Ujwal DISCOM Assurance Yojana (UDAY), a government program designed to facilitate financial turnaround of DISCOMs (distribution company).
January 09, 2017

SECI Tenders 2 MW of Solar for Kolkata Port Trust

The Solar Energy Corporation of India (SECI) tendered a 2 MW solar PV project to be constructed at the Haldia dock complex on behalf of the Kolkata Port Trust. The bid-submission deadline is February 21, 2017.
January 08, 2017

Can Green Energy Transmission Corridor Development Keep Up with Rapid Renewable Energy Growth in India?

Recognizing the need for transmission infrastructure to cope with increasing renewable energy capacity, India is developing the Green Energy Corridor (GEC), a transmission network to connect renewable energy rich states to states that lack renewable energy generation potential. The project is under implementation in eight states - Andhra Pradesh, Gujarat, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Tamil Nadu.
January 08, 2017

IFC to Invest $125 Million in Hero Future Energies

The International Finance Corporation (IFC), a World Bank Group member, will invest $125 million (~Rs. 8.5 billion) in Hero Future Energies, the renewable energy arm of Hero Group.
January 06, 2017

TANGEDCO Tenders Another 500 MW of Solar to Fulfill RPO

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) tendered 500 MW (AC) of solar in a bid to fulfill its renewable purchase obligation (RPO). Interested solar developers have been requested to submit bids on or before February 10, 2017. The TANGEDCO has set an upper tariff limit of Rs. 4.50 (0.066)/kWh and plans to offtake the energy generated from these projects through long-term energy purchase agreements (EPA) for 25-years.
January 06, 2017

Hindustan Salts Limited to Tap Developer for 100 MW Wind Project in Gujarat

Hindustan Salts Limited, a Government of India-owned company, has invited expression of interest from wind power developers to construct and develop a 100 MW wind power project in Kharaghoda, Gujarat. The project will be developed under a revenue sharing model between the developer and Hindustan Salts. Hindustan Salts will provide the land to develop the project.
January 06, 2017

Breaking: Tamil Nadu to Become 21st UDAY Signatory

Tamil Nadu is finally expected to join Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) program on Monday, according to sources. The state will become the 21st member state to join UDAY program.
January 05, 2017

Declining Module Prices Come Just in Time for Indian Solar Project Developers

Swift decline in module prices over the last three to four months is the single most important positive event for the Indian solar sector. The project development landscape has changed significantly over the last quarter, largely due to oversupply and falling solar module prices from China.
January 05, 2017

Sambhar Salts Looks for EPC Contractor to Develop 100 MW Solar Project in Rajasthan

Sambhar Salts Limited, a subsidiary of Hindustan Salts Limited (a government-owned salt company), has issued an expression of interest to develop a 100 MW solar project in Sambhar, Rajasthan. The deadline for submission is January 19, 2017.
January 05, 2017

NREDCAP Tenders 4 MW of Wind in Andhra Pradesh

The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has tendered a 4 MW wind project in Andhra Pradesh. The bid-submission deadline is January 18, 2017.
January 04, 2017

Telangana and Assam Join UDAY Program

The Indian states of Telangana and Assam became the 19th and 20th signatory states of the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) program, a government program designed to bring about the financial turnaround of DISCOMs in the state. Telangana is estimated to achieve a net benefit of ~Rs.61.16 billion (~$895.8 million) and Assam a net benefit of ~Rs.16.63 billion (~$243.6 million). A total of 19 states and one union territory have now become UDAY signatories, accounting for ~90 percent of the total debt to be restructured through the program.
January 03, 2017

Solar’s Share in India’s Power Generation on the Rise: Accounts for 1 Percent of Total Electricity Generated

With increasing installation activity, the solar sector has come a long way in the past two years in India. Solar energy now accounts for almost 1 percent of total power generated in India and 13 percent of the total renewable power generated in the country. Solar accounted for 7,002.71 million units of electricity produced in the country during the seven-month period from April to October 2016, according to the Central Electricity Authority (CEA).
January 02, 2017

Mercom Forecasts Over 9 GW of Solar Installations in India for 2017

Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar market. Solar installations in India are expected to reach over 4 GW in 2016, compared to 2.3 GW installed in 2015. Mercom reiterates its 2017 solar installation forecast of over 9 GW. Cumulative installations including large-scale and rooftop projects in the country have reached 9.6 GW.
January 02, 2017

India Renewable Energy Policy Roundup: December 2016

Here is a renewable energy policy roundup from central, state and government agencies in India for the month of December 2016.
January 02, 2017

SECI Releases List of Successful Bidders for 500 MW Rooftop Auction

The Solar Energy Corporation of India (SECI) has released the list of successful developers who won bids to develop rooftop solar projects across the country. In April of 2016, SECI had tendered 500 MW of rooftop solar to be installed in Indian states and union territories under CAPEX and RESCO models.
January 01, 2017

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

Important Headlines and Data Points from the Indian Renewable Sector in December 2016
December 30, 2016

1,776 MW of Solar Tendered in December in India

India’s solar sector continues to thrive. In the month of December 2016 alone, 1,776 MW of solar projects were tendered and 100 MW of solar were auctioned.
December 30, 2016

Hindustan Aeronautics Limited Tenders 15 MW (AC) of Solar in Maharashtra

Hindustan Aeronautics Limited (HAL) has tendered 15 MW (AC) of ground mounted solar projects in Maharashtra. The solar project will be set up on turnkey basis at HAL Ojhar Township premises in Nasik, Maharashtra. The bid-submission deadline is January 31, 2017.
December 29, 2016

Neyveli Lignite Announces 250 MW Solar Tender in Odisha

Neyveli Lignite Corporation (NLC) has tendered 250 MW (AC) of large-scale solar projects in the state of Odisha. The projects will be spread over five locations with a minimum capacity of 50 MW each. The bid-submission deadline is March 1, 2017. Contractors will be selected through a competitive bidding process.
December 27, 2016

India’s Power Supply Deficit Hits 0.7 Percent in the Eight-Month Period from April-November in FY 2016-17

India recorded a low power supply deficit of 0.7 percent in the eight-month period from April to November 2016-17. Over 777,506 million units of electricity were produced, 1.05 percent less than the targeted 785,744 million units, stated the Central Electricity Authority (CEA).
December 26, 2016

Welspun Enterprises to Divest Entire 15.49 Percent Stake in Welspun Energy

Welspun Enterprises, an infrastructure company, has announced that it is going to divest its entire 15.49 percent stake in Welspun Energy, an independent power company. The Board of Directors has, subject to the approval of the members of the company, approved the sale of its entire investment of 60,493,342 equity shares representing 15.49 percent in the paid up equity share capital of Welspun Energy, according to a company filing on the Bombay Stock Exchange.
December 26, 2016

Hindustan Aeronautics Limited Commissions 3.5 MW Solar Project in Bengaluru

Hindustan Aeronautics Limited (HAL) has commissioned a 3.5 MW solar project on the HAL airport premises in Bangalore. The power generated from the project will help fulfil HAL’s power requirement and is a step towards the company’s target of installing 50 MW renewable energy by 2018.
December 25, 2016

Renewables on the Rise in India’s Energy Mix

Environmental concerns have led to a firm push toward solar and wind energy in India. The Ministry of New and Renewable Energy (MNRE) plans to add 175 GW of renewable energy by 2022.
December 23, 2016

Suzlon Partners With AMP Solar to Develop 15 MW Solar Project in Telangana

Suzlon, a wind turbine manufacturer and renewable energy project developer, has entered into a joint venture (JV) with AMP Solar, a global renewable power provider, to develop and construct a 15 MW solar project at Achampet in Telangana. The project is expected to be commissioned in the financial year 2017. AMP Solar will acquire a 49 percent stake in Rudra Solarfarms, a special purpose vehicle (SPV) built by Suzlon to execute this project for a cash consideration of Rs.140 million (~$2.06 million), and has the option to acquire the remaining 51 percent stake a year after the project is commissioned.
December 22, 2016

Bhageria Industries Secures $14 Million Loan with EXIM Bank to Set Up 30 MW of Solar in Maharashtra

Bhageria Industries, a manufacturer and supplier of dyes and intermediates, secured a Rs.950 million (~$14 million) loan with Export Import Bank of India (EXIM Bank). The funds will be utilized to set up 30 MW of large-scale grid-connected solar projects at Ahmednagar in the state of Maharashtra.
December 21, 2016

Azure Power Commissions First Phase of 14 MW Solar Rooftop Allocation for Delhi Metro Rail Corporation

Azure Power has installed the first phase of a 14 MW solar rooftop allocation for the Delhi Metro Rail Corporation (DMRC). The system was installed at the Sultanpur facility at a tariff of Rs.5.55 (~$0.081)/kWh for 25 years.
December 21, 2016

SECI Auctions 100 MW of Grid-Connected Solar at Ananthapuramu Solar Park Under Domestic Content Rules

The Solar Energy Corporation of India (SECI) successfully auctioned 100 MW of grid-connected solar under the domestic content requirement (DCR) category at Ananthapuramu solar park in Andhra Pradesh. These projects will come under the JNNSM Phase-II, Batch-III, Tranche-IV program. Adani and Azure Power won bids to set up projects of 50 MW each. The projects are expected to be commissioned towards the end of the financial year 2017.
December 21, 2016

Rashtriya Ispat Nigam Commissions 5 MW of Grid-Connected Solar

Rashtriya Ispat Nigam (RINL), the corporate entity of Visakhapatnam Steel Plant, has commissioned projects aggregating 5 MW of grid-connected solar at the Vishakhapatnam Steel Plant premises in Vizag. The projects were developed on a Build Own Operate (BOO) basis at a cost of about Rs.330 million (~$4.86 million).
December 19, 2016

OPIC and MNRE Launch $20 Million US-India Clean Energy Finance Facility Initiative

The Government of India and the Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, has launched the US-India Clean Energy Finance (USICEF) Facility Initiative with $20 million (~Rs.1.36 billion). The USICEF will initiate the flow of up to $400 million (~Rs.27.1 billion) in public and private financing for renewable power generation to benefit up to 1 million households by 2020. Developers of mini-grid, distributed rooftop, and off-grid solar projects, as well as small-scale grid-connected solar projects will benefit from this initiative.
December 19, 2016

Fonroche Energie SAS Divests its India Solar Assets; Shifts Focus to Latin America

France-based renewable energy developer, Fonroche Energie SAS has divested its India solar assets aggregating 22.3 MW. The assets have been acquired by the Hinduja Group.
December 18, 2016

Central Electricity Authority Releases Draft National Electricity Plan for 2017-2022

The Central Electricity Authority (CEA) has released the draft National Electricity Plan (NEP) for the five-year period starting 2017 and ending 2022. The plan forecasts incremental energy savings through improved power quality, grid stability and minimizing transmission losses. The CEA has projected that during the five-year period, 2017-2022, the country will save 249 billion units of electricity. “The draft NEP is open for comments now,” stated an official at CEA.
December 16, 2016

Indian State Transmission Utilities and Power Grid Corporation of India to Receive 1 Billion Euro Soft Loan from Germany

The German government-owned development bank, KfW, is providing Euro 1 billion (~$1.05 billion) soft loan to India to develop inter- and intra-state transmission infrastructure under the green energy corridor program.
December 14, 2016

Mercom Exclusive: Top 10 Indian States Account for 90 Percent of the Country’s Large-Scale Solar Installations and Pipeline: a State by State Analysis

India has a total installed large-scale solar capacity of 9,018 MW and a solar pipeline of 14,030 MW as of December 2016, with the top 10 states accounting for approximately 90 percent of all solar installations and pipeline. These states including, Tamil Nadu, Rajasthan, Gujarat, Andhra Pradesh, Telangana, Madhya Pradesh, Punjab, Karnataka, Maharashtra, and Uttar Pradesh hold the key to India’s solar future.
December 12, 2016

Mercom Exclusive: Incomplete Solar Park Infrastructure Affecting Large-Scale Project Development in India

India is targeting 100 GW of solar by 2022, out of which 20 GW has been allocated to solar parks. The Ministry of New and Renewable Energy (MNRE) is considering increasing the capacity to be developed at solar parks to 40 GW. Currently, there are 34 solar parks planned across 21 Indian states, where projects aggregating 20 GW will be set up. However, project development is being hampered by delays relating to infrastructure and site preparation issues.
December 11, 2016

SECI Tenders 1,000 MW of Rooftop Solar in India

The Solar Energy Corporation of India (SECI) has tendered 1000 MW of grid-connected rooftop solar in India for installation on government buildings and offices throughout the country. Of the 1,000 MW, 300 MW will be developed under a CAPEX (purchase) model and 700 MW under the RESCO (lease) model. This is a global tender; any company or developer can participate regardless of location. The bid-submission deadline is January 27, 2017.
December 09, 2016

Rajasthan Electronics and Instruments, Tenders 10 MW Solar on Behalf of ONGC

Rajasthan Electronic and Instruments Ltd. (REIL), has tendered a 10 MW (AC) solar project on behalf of Oil and Natural Gas Corporation (ONGC), to be set up at Hazira in Gujarat. The project will be funded and owned by ONGC. The tender value has been fixed at Rs. 650 million (~$9.6 million).
December 09, 2016

Himachal Pradesh Becomes the 18th State to Join UDAY

Himachal Pradesh has joined the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY), becoming the 18th state to do so. The state is estimated to achieve a net benefit of ~Rs. 8,230 million (~$122 million). Under the UDAY program, the combined DISCOM debt that will be restructured with respect to these states and union territories is ~Rs.2.57 trillion (~$38.55 billion). With the joining of Himachal Pradesh, in all, 17 states and one union territory have become party to UDAY.
December 09, 2016

Northern Railways to Install 5 MW Rooftop Solar in Four of its Stations

The Northern Railways is setting up 5 MW of solar rooftop at the New Delhi, Old Delhi, Anand Vihar and Hazrat Nizamuddin railway stations with the objective of generating electricity for self-use. The power purchase agreements (PPAs) for the same have been signed between solar developer, Vivaan Solar and Northern Railways for a 25-year period at a tariff of Rs.4.14 (~$0.06)/kWh. The PPA was signed on November 16, 2016.
December 09, 2016

IREDA Launches Loan Program for Concentrated Solar Thermal Projects Set Up under the GEF-UNIDO-MNRE Program

The Indian Renewable Energy Development Agency (IREDA) has launched a loan program to provide easy financing to Concentrated Solar Thermal (CST) projects set up under the GEF- United Nations Industrial Development Organization (UNIDO)- Ministry of New and Renewable Energy (MNRE) program. Through this the IREDA aims to create the necessary enabling environment for scaling up CST technology in India.
December 09, 2016

India’s Expanding Renewable Energy Share

India has bold plans of expanding renewable energy capacity to fulfil its growing energy demands and reducing carbon footprint. Currently, India is the world’s fourth largest wind power and solar market. The Ministry of New and Renewable Energy (MNRE) has targeted installations of 175 GW in renewable energy capacity by 2022.
December 08, 2016

755 MW of Solar Tendered in November in India

Indian government agencies announced solar tenders of 755 MW in November and auctioned 155.5 MWs. Of the tendered projects, 750 MW were large-scale solar projects and 5 MW were under the rooftop program.
December 07, 2016

In the First Half of FY 2016-17 Solar Imports Grew by 47 Percent YoY and Exports by 12 Percent

In the first half of financial year (FY) 2016-17, import and export activity worth over $1 billion (~Rs.67 billion) was registered in the Indian solar sector, compared to $700 million (~Rs.44.5 billion) during the same period in 2015. During the six-month period, India exported solar modules and cells worth $52 million (~Rs.3.5 billion), and imported modules and cells worth $949 million (~Rs.63.5 billion). Compared to the same period in 2015, exports have increased by 12 percent and imports have grown by 47 percent.
December 06, 2016

Neyveli Lignite Corporation India Tenders 500 MW Solar in Tamil Nadu

The Neyveli Lignite Corporation (NLC) has tendered 500 MW (AC) of grid-connected solar in the state of Tamil Nadu. The state-owned company has mandated that each project will be a minimum of 50 MW, and the projects will be spread over a maximum of 10 locations in Tamil Nadu. Contractors will be selected through competitive bidding and the projects will be developed on an engineering, procurement, and construction (EPC) basis. The projects will be commissioned within a one-year timeframe from the Letter of Award (LoA) issue date.
December 06, 2016

Solar Installations Picking Up in the Indian Transportation Sector

Solar installations are starting to pick up in the Indian transportation sector. Replying to a question in the Lok Sabha, regarding the government’s plan to install solar power systems in railway stations and airports as well as the state-wise details of the proposed installations, Mr. Piyush Goyal, Minister of Power stated, “the government is boosting solar installations with emphasis on rooftop solar, however, the state-wise targets have not been set.”
December 04, 2016

Demonetization – Unexpected Stimulus for the Indian Renewable Sector?

Demonetization has been chaotic and changing the way the Indian economy functions. For the power sector, demonetization has turned out to be a positive event with distribution companies (DISCOMs) recovering pending power bills from their customers and banks suddenly flush with funds, all of which could relax lending to the power sector and potentially bring down interest rates.
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
 
 
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