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

In the first ever wind auction in the country, Solar Energy Corporation of India has invited tenders to set up 1,000 MW of Inter-State Transmission System-connected wind power projects. (read more)

A total of 834 MW solar PV was tendered in India in the month of October. (read more)

To set up 1,200 MW of solar projects across 60 taluks in Karnataka, the state government has asked distribution companies in the state to sign supplemental power purchase agreements with successful developers. (read more)

Greenko has finally completed the much-awaited acquisition of SunEdison’s 587 MW renewable energy projects. (read more)

Solar canal bank and canal top projects are gathering steam in India, with 11 MW of such projects being commissioned. (read more)

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. (read more)

Solar Energy Corporation of India, recently tendered 750 MW solar at Bhadla Solar Park in Rajasthan at a benchmark price of ₹ 3.93 (~$0.0590)/kWh. (read more)

In Jharkhand, rooftop solar witnessed activity in November, Jharkhand Renewable Energy Development Agency tendered 5 MW of rooftop solar to be set up on government buildings. (read more)

National Thermal Power Corporation will electrify 110 households in the Naiparam and Chatti Garilong districts of Jharkhand through solar energy. (read more)

To allay developers’ concerns in the state of Chhattisgarh, Chhattisgarh Renewable Energy Development Agency has asked rooftop solar developers to submit revised rates for project implementation of grid-connected projects in the state. (read more)

IL&FS financial services raised $50 million (Rs. 3.4 billion) through rupee-denominated masala loan from overseas investors. (read more)

Grid-connected rooftop solar to gather momentum in India as the World Bank has approved a global environment facility grant of $22.93 million (~Rs.1.55 billion) to enhance the installed capacity of grid-connected rooftop solar PV in India. (read more)

To set up green energy transmission corridor, Power Grid Corporation of India has sought a loan assistance amounting to $1 billion (~Rs.67.8 billion) from the Asian Development Bank. (read more)

A total of Rs.670 million (~$9.88 million) has been approved for the solar cities program, out of which Rs. 241.6 million (~$3.56 million) has already been released. (read more)

In the first five months of the current financial year, Indian solar exports have grown by 66 percent year over year and imports have grown by 53 percent. (read more)

The desired results of the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) on the power sector are yet to be witnessed. Till date only 16 states and one Union Territory have joined the program. (read more)

A loan portfolio guarantee of $75 million (~Rs.5.1 billion) has been announced by the U.S. Agency for International Development (USAID) and RBL Bank to lend to small and medium enterprises active in off-grid, rooftop solar and energy efficiency sectors in India. (read more)

In a recently conducted rooftop solar auction for 500 MW, SECI saw tariffs as low as Rs.3 (~$0.04)/kWh. Projects have been awarded to 122 successful developers. (read more)

In a rooftop auction to develop 28.5 MW solar rooftop in the state of Uttarakhand, the Uttarakhand Renewable Energy Development Agency received technical bids aggregating 53 MW. (read more)

A 5 MW canal bund project was commissioned in Andhra Pradesh on November 21. The project received a central government subsidy of 20 percent of the project cost. (read more)

In an auction of 500 MW grid-connected solar, Tamil Nadu Generation and Distribution Corporation received technical bids to develop only 117 MW solar. (read more)

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