Solar Power

Adani Green plans to complete 1,300 MW of hybrid projects by 2021

Adani Green Energy, a renewable energy firm of the Adani Group, plans to complete 1,300 megawatt (MW) of hybrid projects by calendar year (CY) 2021, said its Chief Executive Officer Jayant Parimal in an analyst call on Monday.“We have signed 1,300 MW of hybrid projects, out of this, 600 MW was with Solar Energy Corporation of India at Rs 2.69 paise with a PLF requirement of 30 per cent. We had signed another 700 MW of hybrid project with BSES-AEML where the PLF requirement is 50 per cent at Rs 3.24 paise. We are trying to complete some portion by March 2021 and in any case the entire capacity by the end of CY21,” Parimal said. Read More…

Shared by Manan; Dated- 05/06/2020

China’s Trina Solar secures 100-MW contract with SunSource Energy

Chinese solar panel manufacturer, Trina Solar, on Thursday said it has secured its first 100-megawatt-plus (MW) contract in India for its new solar modules with energy and storage solutions provider, SunSource Energy. The firm would start the shipment of modules in the fourth quarter of 2020, according to the press release. “This is the first 100-MW-plus contract in India for Trina Solar’s new Vertex modules. The fact that such a large order for Vertex modules has come from India says a lot about the demand for renewable energy in this market,” said Helena Li, president-Asia Pacific, Trina Solar. Read More…

Shared by Manan; Dated- 05/01/2020

Roof solar capacity growth falls 7 per cent in 2019

India’s renewable energy push has come under strain, with a 7% on-year fall in solar rooftop capacity building in 2019 ending an eight-year run of continuous growth in demand. Demand is likely to fall further in 2020 owing to disruptions caused by Covid-19, according to a report by consultancy firm Bridge to India. This is a cause for concern for the government, which has declared renewable power an essential service amid the lockdown to keep up growth. Read More…

Shared by Manan; Dated- 05/01/2020

KKR to buy five solar assets from SP Group for $200 million

Ending months of negotiations, KKR has agreed to buy 5 solar assets of 317 MW from the cash strapped Shapoorji Pallonji Group for $200 million, said people in the know. The divestment will help the group in its deleveraging exercise. KKR’s infra fund had acquired Sterlite’s power InvIT before. ET was the first to report on this impending transaction on 28th November. Read More…

Shared by Manan; Dated- 04/27/2020

COVID-19 Impact: Solar Module Manufacturer SunPower Halts Production Temporarily

Companies across the globe are trying hard to tackle the unprecedented economic crisis caused by the ongoing coronavirus pandemic. In one such case, a U.S. solar panel maker, SunPower Corp, has decided to stop production in its factories across five countries temporarily. The company, which is one of the leading manufacturers of solar modules, has stopped production in its facilities in France, Malaysia, Mexico, the Philippines, and the United States. Read More…

Shared by Manan; Dated- 04/24/2020

Solar’s Share in India’s Installed Power Capacity Mix Rises to 9.8% as of Q1 2020

The share of renewable energy (including large hydro) in India’s overall power generation mix rose marginally to 36.2% at the end of the first quarter of 2020, from 35.9% at the end of the calendar year (CY) 2019, according to the data from the Central Energy Authority (CEA), and the Ministry of New and Renewable Energy (MNRE). As of March 31, 2020, the country’s total installed power capacity stood at about 372 GW, up from 358.6 GW during the same time last year. Read More…

Shared by Manan; Dated- 04/24/2020

COVID-19: SECI to take pre-bid queries online for 15-MW floating solar plant at SCCL

The Solar Energy Corporation of India (SECI) on Wednesday asked all bidders for the 15-megawatt (MW) floating solar plant at the Singareni Collieries Company Limited (SCCL) to send their pre-bid queries online, as a result of the extended nationwide lockdown due to the COVID-19 outbreak. It has requested for the online submission of queries by 24 April, 2020. The pre-bid meeting was scheduled for 20 April, 2020. Read More…

Shared by Manan; Dated- 04/23/2020

Softbank, O2, Axis Energy, EDEN, Avaada emerge successful bidders for 2 GW solar projects

SoftBank, O2, Axis Energy Ventures, EDEN Renewables and Avaada Energy have emerged as successful bidders for 2,000 megawatts (MW) solar energy projects, entailing an investment of Rs 11,000 crore, in an auction concluded last week. “SoftBank got the maximum 600 MW in the auction conducted by state-run NHPC followed by Axis Energy Ventures (Brookfield promoted) at 400 MW, O2 (Temasek promoted) at 380 MW and EDEN Renewables at 300 MW at a tariff of Rs 2.55 per unit each,” a source said. The source added that Avaada Energy was also the successful bidder at 2.56 per unit for 320 MW (against their bid for 600 MW). Read More…

Shared by Manan; Dated- 04/21/2020

COVID-19: Under-implementation solar projects most affected, says report

Under-implementation solar projects in India have faced a greater impact of the COVID-19 pandemic as solar cells and modules are largely imported from China, according to credit ratings agency Care Ratings. It said in a report that the outbreak of COVID-19 has also coincided with the actual solar project execution schedule as maximum execution happens in the last quarter of the financial year in India. When the situation started improving in China, India entered the nation-wide lockdown phase, which also impacted the sector. Read More…

Shared by Manan; Dated- 04/15/2020

COVID-19: No impact on operating projects; expect up to Rs 13,000-mn revenue in FY20, says Azure Power

Azure Power Global, a New Delhi-based independent solar power producer, has recently said that their operating projects have not been impacted due to the COVID-19 pandemic. The New York Stock Exchange-listed firm added that they are comfortable with their revenue and operating megawatt guidance for financial year 2019-20 (FY20) and FY21. For FY20, the revenues are expected to be between Rs 12,900 million to Rs 13,000 million, in line with guidance of Rs 12,770 million to Rs 13,350 million. It added that 1,808 MW was operational. Read More…

Shared by Manan; Dated- 04/14/2020

Two years after safeguard duty, domestic production has not picked up

The safeguard duty India imposed on solar cells and modules coming from China and Malaysia, which enjoyed 85-90% market share in the country, is just a few months away from completing its two-year course, and the government may have a tough time deciding whether to extend it or not .The safeguard duty imposed in July 2018 was pegged at 25% for the first year, 20% for the next six months, and 15% for the last six months ending in July this year.

Shared by Manan; Dated- 04/06/2020

Rooftop solar companies worst hit by Covid-19

With over 80% of solar cells and modules used in Indian projects coming from China, the Corona virus outbreak has the utility scale solar industry hard, but the worst hit are rooftop sector players, because most of them are small sized companies, experts said. Only about 25% of rooftop installation is accounted for by 10-12 leading players. Hence it is quite likely that small companies may go bankrupt or exit the business altogether because of the current lockdown. “Smaller rooftop players don’t have the financial capacity to bear losses or meet extra working capital requirements. They are also unlikely to get any financial assistance from the government or banks,” said Vinay Rustagi, Managing Director of renewable energy consultancy firm Bridge To India (BTI). Read More…

Shared by Chandan; Dated- 04/06/2020

Investments in renewable sector fall 14 pc to Rs 68,550 cr in 2019

Investment in the country’s renewable energy sector dropped by 14 per cent to Rs 68,550 crore in calendar year 2019, Parliament was informed on Thursday. In 2018, the estimated investment in the domestic RE sector was at Rs 79,606 crore, Minister of Power, New and Renewable Energy R K Singh informed the Lok Sabha. An estimated Rs 68,550 crore investment was made in the renewable energy sector in 2019, he said citing private data. Read More…

Shared by Chandan; Dated- 03/20/2020

Tata Power expands rooftop solar service to 90 cities across India

Tata Power on Thursday said it has expanded its rooftop solar service to 90 cities across the country. The big rollout from Tata Power comes at a time when consumers across all major categories including commercial, industrial, residential and public sector are adopting solar energy as a reliable and sustainable solution to meet their energy needs that also holds tremendous potential to save costs. “Preparing for a future-ready India, Tata Power is making a big push for a stronger adoption of clean energy by expanding its rooftop solar offerings to 90 cities,” the power major said in a filing to BSE. Read More…

Shared by Damusandy; Dated- 03/19/2020

GAIL in talks to buy stake in ACME Solar Holdings

GAIL has entered exclusive discussions to buy a stake in privately owned solar power generatorACME Solar holdings, according to four people aware of the matter. The state-owned company formerly known as Gas Authority of India is said to be carrying out due diligence on solar power plants owned by ACME Solar. It is yet to discuss financial terms with ACME’s shareholders, as per these sources. “The discussions are at an early stage. The proposal has not been taken up by GAIL’s board”, an executive said. Read More…

Shared by Manan; Dated- 03/19/2020

SECI issues 34 MW solar PV tender for Singareni Collieries Company

The Solar Energy Corporation of India (SECI) on Wednesday issued a tender to set-up a 34 megawatt (MW) ground-based solar photovoltaic (PV) power plant for Singareni Collieries Company (SCCL) at Kathagudem in Telangana. The last date for submission of bids is 10 April, 2020. According to the tender, the work for selected developers would include design, engineering, supply, construction, erection, testing, and commissioning of the solar PV plant for different packages at the state-owned coal mining firm in Telangana. Read More…

Shared by Manan; Dated- 03/18/2020

With Only Two Bidders, Maharashtra’s 500 MW Solar Tender Undersubscribed by 150 MW

The Maharashtra State Electricity Distribution Company Limited’s (MSEDCL) recent tender for the long-term procurement of power from 500 MW of intra-state grid-connected solar power projects (Phase – V) has been undersubscribed. The tender received bids amounting to 350 MW against the 500 MW tendered. Avaada Energy and Tata Power quoted for 250 MW and 100 MW respectively. Read More…

Shared by Damusandy; Dated- 03/16/2020

MNRE’s Move to Remove Tariff Caps for Solar & Wind Tenders Boosts Market Sentiment

The Ministry of New and Renewable Energy (MNRE) had recently communicated that the upper ceiling tariffs would no longer be prescribed in future bids for solar and wind projects. Many developers feel that the announcement is a win-win, both for the industry and government.Vinay Kumar P, chief executive officer (CEO) of Varp Power, said, “Removing the ceiling tariffs in the wind and solar bids is a great decision from the MNRE. It would move tariff discovery to a pure market-driven mode without artificial caps.”Read More…

Shared by Manan; Dated- 03/16/2020

Tamil Nadu: Govt suggests 500MW solar park in Kamuthi

As the Centre recently cancelled the 500MW Kadaladi solarpark project in Ramanthapuram district following the state’s failure to acquire land for the project, power minister P Thangamani on Wednesday said the state government has planned to set up the project in Kamuthi, 30km from Kadaladi, in the same district. Solar Energy Corporation of India, functioning under the Union ministry of new and renewable energy, had originally made an offer for investment and development of the park on the land to be provided by Tangedco on build-own-operate basis. Read More…

Shared by Manan; Dated- 03/12/2020

NTPC Invites Bids for Solar Inverter Package for a 23 MW Solar Project in Maharashtra

The National Thermal Power Corporation (NTPC) has invited bids for a solar inverter package of 23 MW for a solar power project at Solapur in Maharashtra. The scope of work includes the supply of string and central inverters of total capacity 23 MW at 50 deg unity power factor and 23 MVA at 40 deg ambient with 0.95 pf at NTPC Solapur in Maharashtra. The last date for the submission of bids is April 07, 2020, and the last date for the receipt of queries from the prospective bidders is March 24, 2020. Read More…

Shared by Chandan; Dated- 03/11/2020

Kerala: 50% in Chullikal ready to switch to solar power

Kochi corporation conducted a sample survey in Chullickal to check out the awareness and inclination of the ward residents to embrace the Union government’s solar city project. Kochi is one of the 60 Indian cities identified for the project. The local body will implement the project in 2,000 houses in the ward through the Kochi Solar Cell set up for the purpose. Read More…

Shared by Damusandy; Dated- 03/11/2020

Canadian pension fund CDPQ increases its stake in Azure Power

Canadian pension fund CDPQ has increased its stake in India’s solar power producer, Azure Power, the latter said in a press release. CDPQ has become Azure Power’s majority shareholder with the purchase of an additional 717,701 shares in the firm. After acquiring the shares, CDPQ is now the direct owner of 24,259,272 shares of Azure Power, which represent 50.9 per cent of the outstanding shares of Azure Power Global Limited, said the New Delhi-based firm. Read More…

Shared by Manan; Dated- 03/11/2020

Vedanta Seeks Developers for a 100 MW Solar Project in Odisha

Vedanta Limited, a diversified natural resources company, has issued a request for proposal (RfP) to install 100 MW of solar projects in Jharsuguda district of Odisha. The project follows a Build, Own, Operate, and Transfer (BOOT) model with an option to convert to captive mode. The solar project is to be located within and around its aluminum plant in Jharsuguda, on land owned by Vedanta. Read More…

Shared by Paul; Dated- 03/04/2020

Bihar: All buildings in PU will get solar panels, says VC

With a view to minimizing the use of conventional sources of energy, Patna University (PU) will soon install solar panels on the rooftops of all the buildings on its campus. This was announced by vice-chancellor (VC) Rash Bihari Prasad Singh while initiating a discussion on the ‘Utility of Solar Energy’ organized as part of ‘Jal-Jivan-Hariyali Diwas’ celebrations at the Wheeler Senate House on Tuesday. Read More…

Share Manan; Dated- 03/04/2020

Gujarat Reissues EoI for Empaneled Agencies to Install 600 MW of Rooftop Solar Systems

The Paschim Gujarat Vij Company Limited (PGVCL) has reissued an expression of interest (EoI) for empaneled agencies to set up 600 MW of grid-connected residential rooftop solar projects in the state. According to the document, the rates invited are for eleven capacities of solar systems: 1-1.5 kW, 1.51-2.50 kW, 2.51-3.50 kW, 3.51-4.50 kW, 4.51-5.50 kW, 5.51 kW-6 kW, 6 kW, >6kW to 10 kW, 10 kW to 25 kW, 25 kW to 50 kW, 50 to 100 kW and >100 kW. Read More…

Shared by Damusandy; Dated- 03/03/2020

Anti-Dumping Duty Likely on Coated Flat Products Used in Solar Mounting Structures

Under the aegis of the Ministry of Commerce and Industry, the Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-dumping duty on aluminum and zinc coated flat products from China PR, Vietnam, and Korea RP to protect the domestic industry. In solar projects, the panels are placed on the module mounting structures, which are made up of aluminum and zinc-coated flat products. Read More…

Shared by Paul; Dated- 03/03/2020

Actis buys 600 MW Acme solar assets for Rs 3,000 cr

Global emerging market fund Actis has acquired solar energy assets of 600 megawatt capacity from Acme Cleantech Solutions in a deal worth Rs 3,000 crore, said two people aware of the development. Actis outbid Canadian fund Brookfield to strike a deal with one of the largest solar power producers in India, they said. ET had reported last month that global investors including Brookfield and UK-based Actis were in discussions with Acme Cleantech. Read More…

Shared by Paul; Dated- 02/28/2020

Rooftop solar growth remains too slow to meet 2022 target

The growth is rooftop solar power generation remains far too slow for the country to achieve the government’s ambitious target of 40 gigawatt of rooftop capacity by 2022, industry experts said. The country installed rooftop capacity of only 1,896 MW in 2019, according to data collected by renewable energy consultancy Bridge To India, taking the total rooftop capacity to 5.5 GW. Read More…

Shared by Manan; Dated- 02/27/2020

DBT in electricity distribution holds the key for power reforms: Sanjeev Aggarwal, CEO, Amplus Solar

We have a number of international investors including the leading private equity funds, pension funds and global energy players lining up to invest in India’s electricity sector, especially in the renewable energy. The government is committed to promote renewable energy and move India towards a low carbon economy. As an economy, we are moving towards a $5 trillion mark with per capita electricity consumption way below the desired mark of 3,000 kWh per year. Read More…

Shared by Samantha; Dated- 02/27/2020

Rajasthan plans to set up 30,000 MW solar capacity in 5 years

Rajasthan plans to set up 30,000 MW of solar power plants in next five years and is in talks with leading private and state-run companies to develop energy parks, the state’s energy minister BD Kalla told ET. This will add to an already installed capacity of around 50,000 MW in the state, he said. Read More…

Shared by Chandan; Dated- 02/26/2020

Goan engineer’s Solar switch to automate use of streetlights

Streetlights in the state will soon be powered on and off without any manual intervention, thanks to a home-grown invention by an engineer from Carmona. The ‘SolarSwitch’, developed by Samson Da Costa, has light-detecting sensors to activate streetlights in the absence of sunlight, and will help save on power bills. Da Costa has bagged a contract to deliver the energy-saving switches, power minister Nilesh Cabral said. Read More…

Shared by Manan; Dated- 02/24/2020

Mahindra Renewables to sell entire stake in 3 arms for nearly Rs 340 cr to CLP

Mahindra & Mahindra on Friday said its wholly-owned arm Mahindra Renewables will sell its entire stake in three subsidiaries to CLP India, a part of Hong Kong-based CLP Group, for nearly Rs 340 crore. Mahindra Renewables Pvt Ltd (MRPL) has on Friday agreed to sell its entire stake aggregating 100 per cent of the paid-up equity share capital in Cleansolar Renewable Energy Pvt Ltd (CREPL), Divine Solren Pvt Ltd (DSPL) and Neo Solren Pvt Ltd (NSPL), wholly-owned subsidiaries of MRPL, to CLP India Pvt Ltd (CLP), Mahindra & Mahindra said in a regulatory filing. Read More…

Shared by Damusandy; Dated- 02/22/2020

Azure Power posts Q3 loss but continues to expand solar portfolio

New Delhi-based developer Azure Power may be keen to tout the fact its operational solar portfolio rose 54% in the 12 months from the end of 2018 but that failed to mask the fact it returned to a net loss in the final three months of last year. The filing made by the NYSE-listed developer to the U.S. Securities and Exchange Commission revealed Azure posted a Rs136 crore reverse in the third quarter of the fiscal year, having announced a Rs16.5 crore profit 12 months earlier. Read More…

Shared by Manan; Dated- 02/21/2020

India installed 2,308 MW of solar capacity in Q4 2019: Report

India installed 2,308 megawatt (MW) of solar capacity and 817 MW wind projects in the fourth quarter (Q4) of 2019, according to a recent report by research firm JMK Research and Analytics. It added that the quarter saw a significant increase in installed capacity across wind and solar, clocking an overall 40 per cent growth over the previous quarter. Read More…

Shared by Chandan; Dated- 02/21/2020

TN can become clean energy leader

Year 2019 has been another important one for the renewable energy (RE) sector in India. In Tamil Nadu, one of India’s earliest adopters of RE, the State government and its agencies took four significant steps towards a more ambitious RE future last year. February 2019 saw the release of a new solar policy with an ambitious 9000 MW solar PV capacity to be installed in the State by 2023. Read More…

Shared by Paul; Dated- 02/19/2020

India may give reprieve to solar projects delayed by coronavirus fallout

India will consider extending deadlines for completing solar energy projects to shield developers from stiff penalties after the coronavirus outbreak hit component supplies from China, a top government official said on Tuesday. Ratings agency Standard and Poor’s Indian unit, Crisil, warned on Monday that nearly three gigawatts of solar power projects worth $2.24 billion could be at risk of penalties for missing a July 2020 completion deadline as the coronavirus hit solar industry supplies. Read More…

Shared by Manan; Dated- 02/19/2020

ENGIE commissions 250 MW solar project in Andhra Pradesh

ENGIE announced the commissioning of the 250 MW solar project in Andhra Pradesh, India. ENGIE commissioned the 200 MW phase ahead of schedule in May 2019. The remaining 50 MW were recently commissioned to the existing 200 MW capacity, in order to provide power to circa 400,000 people. ENGIE, which awarded the Kadapa project in April 2017, signed the 25-year power purchase agreement with National Thermal Power Corporation (NTPC) at the inauguration of the Mirzapur solar power plant in March 2018. Read More…

Shared by David; Dated- 02/18/2020

Chandigarh administration to spread awareness for installation of solar plants

The UT administration will now tie up with various traders bodies and residents welfare associations, to spread awareness for installation of solar plants. The UT administration had recently again extended the deadline till March 2020 for the installation of solar plants.A senior UT official said that in the year 2020 they have planned to install solar power plants with a capacity of 20MW. The administration has already installed plants with a capacity of 30MW in the city, he added. Read More…

Shared by Manan; Dated- 02/18/2020

Mumbai Metro Tenders for 4.43 MW Rooftop Solar Projects

The Mumbai Metropolitan Region Development Authority (MMRDA) has issued a tender, inviting bids from eligible firms for setting up 4.43 MW of rooftop solar PV projects at station site of the Mumbai Metro Rail. The scope of work for the selected bidders will include the design, engineering, manufacture, supply, storage, civil work, erection of the suitable structure, testing and commissioning of the rooftop solar PV project under RESCO model at station Site of Mumbai Metro Rail Project for Line 7 2A totaling around 4.43 MWp. Read More…

Shared by Paul; Dated- 02/15/2020

India’s renewable sector needs upto $700 billion in new investment by 2030: IEEFA

India’s renewable energy sector requires $500 billion to $700 billion of new investment by 2030 to meet its massive target of 450 gigawatt (GW) capacity, according to the Institute for Energy Economics and Financial Analysis (IEEFA). “Smaller regional developers will also require domestic funding. India must free up the liquidity in the domestic banking system as soon as possible to keep India’s renewable energy ambition on track,” the research firm said in its report titled ‘India’s Renewable Energy Policy Headwinds – Recommendations for Urgently Accelerating Activity in the Renewable Energy Sector’ on Thursday. Read More…

Shared by David; Dated- 02/14/2020

Govt Asks Solar Manufacturers to Submit List of Items for Basic Custom Duty Exemption

In a step towards providing further relief to domestic solar manufacturers in the country, the Government on Thursday has asked the solar photovoltaic (PV) manufacturers and related associations to submit their list of items to be included in the Basic Custom Duty (BCD) exemption list. Read More…

Shared by Manan; Dated- 02/14/2020

A game-changing moment for green energy in India

Hyderabad-based Greenko Group and Gurugram-based ReNew Power winning the bid to supply 1,200 MW of renewable energy is touted to be a game changer for the power industry. The success of the auction in January shows that Indian renewable players are now finding it technologically and economically viable to ensure a steady supply of solar and wind energy using storage facilities and compete with their thermal counterparts. Read More…

Shared by: Damusandy; Dated- 02/13/2020

India’s 40 GW solar rooftop target for 2022: A Kerala case study

Kerala has anywhere between 130 and 140 megawatt (MW) of solar photovoltaic (PV) installations, which includes big ticket projects like the Solar Energy Corporation of India (SECI)-owned 50 MW and Cochin airport’s 40 MW. But the relatively small state of Kerala is quickly running out of land, especially to accommodate the space-intensive solar technology. Installing a solar PV to generate a single kilowatt (kW) requires 10 square metres of land. Read More…

Shared by: Manan; Dated- 02/13/2020

Govt set to privatise solar products manufacturer CEL, invites bids by March 16

The government is set to privatise Central Electronics Ltd, a CPSE under the Department of Science and Technology, by selling its 100 per cent stake with management control and has invited the Expression of Interest for the same by March 16. The selected bidder will be required to lock in its shares for a period of three years during which it cannot undertake the sale of its stake in CEL, the PIM (Preliminary Information Memorandum) said. Read More…

Shared by: Paul; Dated- 02/11/2020

India’s solar power output climbs 27% Y/Y in 2019

India’s solar photovoltaic (PV) parks boosted their output by 27% year-on-year in 2019, producing a combined 46,033 MWh, shows new data by the Central Electricity Authority (CEA). In spite of the overall improvement, the year-on-year increase was significantly lower than the 69% jump registered in the previous year. Read More…

Shared by: David; Dated- 02/11/2020

Sun shines for Adani as Total buys 50% in solar business for $510 million

French energy giant Total SA has agreed to acquire 50% in Adani Group’s solar assets for $510 million, in one of the biggest transactions in India’s clean energy industry. Adani Green Energy Limited (AGEL) has a 2,148 MW solar power project portfolio, spread across 11 states. Read More…

Shared by: Paul; Dated- 02/07/2020

Solar pumps to light up farmers’ fortunes in Rajasthan

Solar pumps have emerged as a key tool for the government to achieve its ambition of doubling farmers’ income by 2022. Rajasthan is one of the few states to have taken a lead in popularizing solar pumps at a mass scale in rural areas and the Budget announcement is likely to add further impetus. In the Budget speech, the finance minister said the PM-Kusum scheme removed farmers’ dependence on diesel and kerosene and linked pump sets to solar energy. Read More…

Shared by: Damusandy; Dated- 02/04/2020

Renewable energy industry looks to Budget to offset lull

A payment security mechanism to fix delayed payment from distribution companies in the upcoming union budget is something the the renewable energy industry is praying for to tackle the major problem plaguing the sector. “The government has to do something about payment security. You can fundamentally improve the health of discoms. This could be done in the form of loans from Power Finance Corp and Rural Electrification Corp,” said Sumant Sinha, managing director of ReNew Power, India’s largest renewable energy IPP. Read More…

Shared by: Manan; Dated- 02/01/2020

Brookfield, Actis eye Acme Solar assets

Bulge-bracket global investors, including Canada’s Brookfield and the UK’s Actis, are in separate discussions to acquire some solar energy assets from Acme Cleantech Solutions, a cash-strapped Indian power producer. Acme has 2.5 GW of operational assets and 3 GW under construction. Although Acme does not want to totally exit the business, selling a part of its portfolio of around 300 MW will help fund additional capacity and pay off debt obligations. Read More…

Shared by: Manan; Dated- 01/31/2020

Chhattisgarh Discom Invites Bid for Rooftop Solar Projects under Capex Model

As per the tender details, the successful bidder have to install rooftop solar system of 1kwp to 500kwp capacity for all the willing consumers excluding government connections in the state through rate contract programme. The scope of work includes design, supply, installation, testing and commissioning including 5 years of comprehensive warranty for complete installed plant along with further 20 years extended warranty for solar PV module and comprehensive maintenance and CMC for 5 years. Read More…

Shared by: Paul; Dated- 01/30/2020

Gautam Adani Commits To Audacious Solar Ambition

Weeks after yet another ‘win’ in Australia, where the group has made a significant commitment to develop coal mines despite stiff resistance for its energy requirements in India, Gautam Adani, the founder of the group, chose to make a statement. In what is perhaps a  signal for the market on the group’s future priorities in the energy domain, the Chairman of Adani Group made it clear that  renewables will take centre stage from here on. Read More…

Shared by: David; Dated- 01/24/2020

‘Open access’ option attracts rooftop solar power developers

Solar rooftop developers are increasingly choosing to supply power to customers through open access – locating the solar plant elsewhere – rather than set it up on the premises of their clients.The common feature is that in both cases the power is supplied through the grid directly, without being routed through a discom. Many rooftop developers are now installing as much capacity for supplying through the open access route as they are on rooftops. Read More…

Shared by: Damusandy; Dated- 01/23/2020

Technique Solaire commissions its second photovoltaic power plant in India

This is the second project by Technique Solaire in India, and its most powerful plant to date. The France based developer, who was awarded in June by the International Chamber of Commerce for its work in India, already commissioned a first 5.5 MWp photovoltaic power plant in March 2017 in the state of Uttarakhand, in the north of the country. On a surface of 40 hectares and comprising 81,840 panels of 330 Wp, this second ground power plant has a total capacity of 27 MWp. Read More…

Shared by: Chandan Mishra; Dated- 01/15/2020

CLP India may buy Mahindra Susten’s 160 mw solar assets by February-end

CLP India, an independent power producer, is in advance discussions with Mahindra Susten to acquire 160 mw of its operational solar energy assets as part of its strategy to grow the renewable portfolio. The deal is likely to close by February-end, two sources close to the development told FE. Read More…

Shared by: Damusandy; Dated- 01/15/2020

Mahindra Renewables plans $171 mn investment for solar project in Rajasthan

Mahindra Renewables Private Limited (MRPL), a wholly owned subsidiary of Mahindra Group (worth $20.7 billion) cleantech arm Mahindra Susten Private Ltd (MSPL) is planning to invest around $171 million to set up a 250 mega watt (MW) solar power project in Rajasthan. The project will be backed by International Finance Corporation (IFC). The proposed project will consume around 1200 acres (486 hectares) at Bhiv ji ka gaon Village in Bap Tehsil, Jodhpur District in Rajasthan. IFC’s estimated project cost is Rupee equivalent of around $171 million. Read More…

Shared by: Manan; Dated- 01/10/2020

Indian Railways to procure 1,000 MW solar power by 2021-22

Indian Railways has planned to source around 1,000 Mega Watt (MW) solar power and 200 MW of wind power by 2021-22 across zonal railways and production units, the rail ministry said in an official statement. Of this, 500 MW solar plants are to be installed on the roof top of Railway buildings which will be used to meet non-traction loads at Railway Stations while 500 MW land based solar plants will be used to meet both traction and non-traction requirements. South Central Railway zone is implementing several measures aimed at energy conservation by harnessing renewable energy. Read More…

Shared by: Chandan; Dated- 01/10/2020

IHS Markit remains bullish on global solar demand hitting 142GW in 2020

Market research firm, IHS Markit expects global solar installations to continue double-digit growth rates in 2020, forecasting new installs to hit 142GW, a 14% increase over 2019. Edurne Zoco, director, Clean Technology & Renewables, IHS Markit said, “Another year of double-digit global demand growth in 2020 is proof of the continued and exponential growth of solar PV installations in the last decade. If the 2010s were the decade of technology innovation, steep cost reductions, large subsidies and dominance by a few markets then 2020 marks the decade of emerging unsubsidized solar, diversification and expansion of solar installation demand across the globe, new corporate entry players and increasing competitiveness versus conventional energy sources.” Read More…

Shared by: Damusandy; Dated- 01/08/2020

Solar power: In a slump India’s booming

After a couple of good years, things have started to look solemn for India’s solar power sector. There has been a huge slump in capacity addition in the past two years — from 9.4 gigawatt GW in 2017-18 to 6.5 GW in 2018-19 and just 2.9 GW in the first half of 2019-20. Of the country’s target of installing 175 GW renewables capacity by 2022, solar energy has the biggest chunk of 100 GW. Since 2015, when the Union Ministry of New and Renewable Energy (MNRE) announced its renewables target, the sector did quite well. Read More…

Shared by: Manan; Dated- 01/08/2020

TERI develops blockchain-enabled prototype for solar power trading

The Energy and Resources Institute (TERI) has developed a platform to facilitate peer-to-peer transactions of solar energy among consumers in the same neighbourhood. The institute has developed a blockchain-based prototype in partnership with Sofocle Technologies, a Noida-based blockchain start-up. The platform has been developed as a prototype for enabling a peer-to-peer transactional control in which electricity consumers such as residential premises, malls, schools or even small and medium enterprises can trade local generation of solar rooftop systems among themselves. Read More…

Shared by: Paul; Dated- 01/02/2020

Solar-powered mobile charging kiosks at 15 stations

Western Railway has partnered with Fun Solar, a non-profit company, to instal solar-powered charging kiosks at stations. WR chief spokesperson Ravinder Bhakar said, “The kiosks have been installed at 15 stations, including Churchgate, Grant Road, Mumbai Central, Andheri, Borivli, Vasai, Boisar and Palghar. We plan to instal them at 5 more stations.”Commuters can charge their phone free of cost at the 24×7 kiosks. Read More…

Shared by: Chandan; Dated- 12/31/2019

Madhya Pradesh moving ahead in Renewable Energy Production

Efforts are being constantly made in Madhya Pradesh to produce energy from alternative sources of renewable energy along with conventional energy production. New innovations are also being made in this field. Grid-connected and off grid-projects have taken shape in the last one year in the state. At present, a total of 668.64 MW power is being generated from solar, wind, biomass and small hydro projects. Three new solar parks are being developed in the state. Madhya Pradesh is constantly moving towards setting an example in the country in the field of renewable energy-production. Read More…

Shared by: Manan; Dated- 12/30/2019

To minimise carbon footprints, Zoho sets up solar farm to power its operations

In a bid to cushion the impact of tech development on the environment and minimise its carbon footprints, Software-as-a-Services (SaaS) firm Zoho has set up a 5-megawatt on-grid solar energy farm near Trichy to power its offices and data centres. Located at the village of Abinimangalam near Trichy, while the solar plant serves local power needs of the region in an agreement between Zoho and TN’s electricity authorities, the company is then offered credits to set off against their own energy consumption. Read More…


Shared by: Paul; Dated- 12/27/2019

NTPC may invite separate tenders to buy solar modules and solar parks

India’s NTPC is planning to invite separate tenders to buy solar modules and construct solar parks through different contracts, Financial Express reported. This is expected to reduce expenses as modules comprise about 80 percent of project costs and procuring them directly from manufacturers should help the company discover attractive rates. The state-run NTPC will float tenders for about 1,000 MW of such two-part solar contracts, the first of many such upcoming tranches, in the next couple of months. Read More…

Shared by: Vikram; Dated- 12/27/2019

The Potholes of 2019 for India’s Solar Drive

Looking back at 2019, there is absolutely no doubt today, that it has not been a memorable year for Solar power in India. Generators or manufacturers. With a closing installation figure of barely 7 GW as tracked by us, almost every hope from 2018 has been belied. The bad part? Some of the biggest obstacles that came up during the year were not even anticipated. Worse, some of the biggest obstacles to growth were known for a while now, and solutions are possible, but for some strange reason, ability has failed to meet intent to solve these problems. We spoke to people across the sector, from developers, to manufacturers, both Indian and Chinese, to EPC players and more. Read More…

Shared by: Manan; Dated- 12/26/2019

NTPC to invest ₹50,000 cr. for 10 GW solar capacity

State-owned power giant NTPC is planning to add 10 GW of solar energy generation capacity by 2022, which entails an investment of around ₹50,000 crore, to be funded mainly by green bonds, a source has said. At present, NTPC has installed renewable energy capacity of 920 MW, which constitutes mainly solar energy. It has formulated a long-term plan to become a 130 GW company by 2032 with 30% non-fossil fuel or renewable energy capacity. “The company will complete tendering of 2,300 MW of solar energy capacity by the end of this fiscal. Thereafter, it has planned to add 4 GW each in 2020-21 and 2021-22,” the source said. Read More…

Shared by: Damusandy; Dated- 12/26/2019

Corporate Renewable PPAs in India to Drop by a Third in 2019: Report

A new report has revealed that India was the second-largest growth market for corporate renewable Power Purchase Agreements (PPAs) after the US in 2018, with an addition of 1.6 GW of capacity (BloombergNEF, 2019). However, despite retaining the second place, estimates suggest that annual corporate PPA renewable additions in the country in 2019 will be about 30-35 percent or a third lower than installations in 2018, due to changes to policy and regulation at the state level. Read More…

Shared by: Vikram; Dated- 12/24/2019

AIIB approves US$65 million for Hero Future’s 250 MW solar project

After a US$75 million loan to Tata Cleantech Capital, the Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has agreed to invest US$65 million in a 250 MW grid-connected solar power project by another Indian developer Hero Future Energies. The project—located in Jodhpur district of Rajasthan—is being developed by Hero Future Energies’ special purpose vehicle Clean Solar Power (Jodhpur). Located approximately 10 km south of the Bhadla Solar Park, it is spread across three villages, namely, Dedasari, Khakori and Durjani, and will result in clean energy generation of 616 MWh in 2022. Read More…

Shared by: Paul; Dated- 12/24/2019

AP discoms assure HC of settling all pending payments in 4 weeks

Power distribution companies of Andhra Pradesh assured the high court in the face of a legal challenge from renewable energy developers that they will settle all pending payments of Rs 1,095 crore in four weeks. The Andhra Pradesh High Court said on Friday that it will shortly pass an order directing the discoms to stick to their commitment, according to people close to the development. Many developers had gone to court seeking payment of dues from state discoms which had remained unpaid for months. Read More…

Shared by: Chandan; Dated- 12/21/2019

Norway’s Statkraft to purchase power from five Spanish solar parks

Norwegian power company Statkraft signed a 10-year deal to purchase power from five solar parks owned by Spain‘s Solaria Energia, the companies said on Thursday.The projects under construction in Castilla y Leon and Castilla La Mancha will have a combined installed capacity of 252 megawatt (MW) and generate enough energy for more than 150,000 Spanish homes per year, it added. Read More…

Shared by: Samantha; Dated- 12/20/2019

Infra players pitch for captive renewable energy policy, exemption from cross subsidy charges

Infrastructure sector on Friday urged the government to bring captive renewable policy and exempt from cross subsidy and transmission charges to make renewable energy more viable for those willing to set up clean energy plants beyond factory boundaries. The infrastructure companies raised these issues during a pre-budget consultation with Finance Minister Nirmala Sitharaman and top officials from finance, new & renewable, road transport and environment ministries.They also asked to make finance available for real estate and affordable housing to boost consumption of cement and other inputs like steel. Read More…

Shared by: Chandan; Dated- 12/20/2019

Renewables top 90 per cent of Kenyan power with new 50 MW solar plant

Kenya brought a new 50 megawatt (MW) solar plant online on Friday which it said would mean renewable energy, led by hydroelectricity, now makes up more than 90 per cent of its power mix.The government is increasing electricity generation and investing in Kenya’s power grid to keep up with growing demand and reduce frequent blackouts in the east African country. But Kenya’s solar energy is still small compared to other sources. President Uhuru Kenyatta’s office said the new solar plant, which has been built by the state-run Rural Electrification and Renewable Energy Corporation, was the biggest in East and Central Africa. It will contribute 2 per cent of Kenya’s energy mix. Read More…

Shared by: Adam; Dated- 12/14/2019

Maharashtra: Solar power manufacturers seek relaxation in MERC norms

An umbrella organization of over 1,000 solar system manufacturers from Maharashtra has sought the help of Centre in relaxing proposed draft regulations of the Maharashtra Energy Regulatory Commission (MERC). Maharashtra Solar Sanghthan, the apex body of such manufactures, on Thursday, met Union Power Minister R K Singh in Delhi to raise its apprehensions about the regulations mooted in the solar power sector in Maharashtra. Vipul Joisher, a member of the delegation of solar system manufacturers, said that it was brought to the notice of the Centre that the MERC has been pushing its own agenda in the name of Forum Of Regulators (FOR), an apex body of regulators of electricity in India. Read More…

Shared by: Manan; Dated- 12/14/2019

SECI seeks global bids for 1.2 GW wind-solar and 1.2 GW solar projects

The Solar Energy Corporation of India (SECI) wishes to invite proposals for setting up of 1.2 GW of ISTS-connected solar projects (ISTS-VIII) and another 1.2 GW of ISTS-connected wind-solar hybrid power projects (Tranche-III) anywhere in India. Both the projects are to be developed on “build own operate” basis. SECI shall enter into a power purchase agreement (PPA) with the successful bidders for a period of 25 years. RfS for 1200 MW ISTS-connected solar projects will be issued by December 16, followed by RfS for 1200 MW ISTS-connected wind-solar hybrid projects on December 20, 2019. Read More…

Shared by: Vikram; Dated- 12/06/2019

NTPC Issues 923MW Solar Tender under Domestic Competitive Bidding

State-run power producer NTPC has invited bids for the development of up to 923 MW of capacity grid connected solar photovoltaic (PV) projects under CPSU Scheme Phase-II (Tranche-II). As per the tender document details, the bids are invited under domestic content requirement (DCR) category, in which only domestically manufactured solar PV cells and modules can be used in the projects. The project has an aggregate capacity of 923 MW, while the block capacity will be minimum 50 MW and its higher capacity will be in the multiples of 10 MW. Read More…

Shared by: Adam; Dated- 12/04/2019

734 MW of Solar Projects Tendered in November; But No Auctions

Solar tender activity slowed down while there were no auctions in November 2019. While the month did not see any auctions, only 734 MW of solar tenders were floated, according to Mercom India Solar Tender Tracker. In October 2019, 2.7 GW of solar capacity was tendered, and 1.3 GW of solar projects were auctioned. Year-over-year, the capacity tendered in November 2019 declined by nearly 49% compared to November 2018, which saw tender announcements of over 1.4 GW of solar projects. Read More…

Shared by: David; Dated- 12/04/2019

Safeguard Duty drags India’s solar target down this year as imports fall

India’s solar power project award took a back seat in the current year because of imposition of Safeguard Duty on imported solar panels, last year. With uncertainty looming over them, project developers stalled the purchase of solar panels, hurting the domestic industry even more. Due to slowdown in imports also, the targeted tendering capacity is likely to be missed this year. For the year 2018-19, the tendering target set by ministry of new and renewable energy was 30,000 MW. Read More…

Shared by: Amit; Dated- 12/04/2019

Jakson Commissions 27 MW Solar Power Plant in Koppal, Karnataka for SolarArise

Jakson, one of India’s leading energy & engineering solutions company announced the successful commissioning of a 27 MW solar power plant in Koppal, Karnataka. This project was executed by Jakson on a turnkey EPC mode for SolarArise, a leading solar power developer. The installed plant spread across 115 acres in rural Karnataka will generate more than 4706 MWh units of electricity annually and reduce approximately 4235 tonnes of carbon emissions every year. Read More…

Shared by: Deepak; Dated- 12/04/2019

Vikram Solar targets US market with new PV module offerings

Vikram Solar’s projects run the full gamut of size, from  1 MW of floating PV to a 200 MW utility-scale whale. The Indian engineering, procurement and construction (EPC) company’s rooftop PV portfolio consists of more than 500 installations at 250+ sites, totaling 27 MW installed, and more than 25 MW  in the pipeline. The utility scale portfolio is just greater than 1 GW, in stages from commissioned to under development. Vikram Solar is also a solar panel manufacturer. Currently, it has about 1.1 GW of annual manufacturing capacity in India, with plans to hit 2 GW by the middle of 2020. Read More…

Shared by: Amit; Dated- 11/28/2019

Solar Tender, Auction & Commissioning Delays Causing Liquidity Issues for Developers

According to several solar developers Mercom interacted with recently, there was unanimous agreement that the cost of participating in large-scale solar tenders has reduced their ability to actively bid for other projects. These costs, coupled with delays and extensions of tenders have tied up millions. To participate in central government tenders, solar energy developers have to submit bid bonds or earnest money deposits (EMDs) in the form of bank guarantees with the Solar Energy Corporation of India (SECI), NTPC, and state agencies. Other charges that are part of the tender process include document fees, processing fees, and success fees. Read More…

Shared by: Chandan; Dated- 11/28/2019

India touches solar power capacity of 32 GW

India installed a cumulative renewable energy capacity of 83.38 GW as on October 31, 2019, which included 31.69 GW from solar, 37.09 GW from wind, 9.95 GW from biomass and 4.65 GW from small hydro. This information was shared by power minister R.K. Singh in Lok Sabha (lower house of the Indian parliament) recently. The minister also shared renewable energy generation by state-owned power generators—Central Public Sector Undertaking (CPSU) stations—for year 2018-19 and for the current year 2019-20 (up to September, 2019). Read More…

Shared by: Manan; Dated- 11/26/2019

The setting sun on India’s solar dreams

In September, while speaking at the United Nations Climate Action Summit in New York, Prime Minister Narendra Modi committed to setting up 450 gigawatts (GW) of non-fossil fuel power by 2022. With this, he more than doubled the initial target of 175GW of green energy that his own government had set in 2018. “We must accept that if we have to overcome a serious challenge like climate change, then what we are doing at the moment is just not enough,” Modi told the audience of gathered world leaders in New York. Read More…

Shared by: Chandan; Dated- 11/25/2019

Facebook Signs PPA for Procuring 61.6 MW Solar Energy

Apex Clean Energy has announced that Altavista Solar has executed a power purchase agreement (PPA) with Facebook for a 61.6 MW portion of the project. Altavista Solar will become the first solar energy project in Campbell County, Virginia when it becomes operational in 2020. The deal, which will help support Facebook’s operations in Virginia, is Apex’s second major transaction with the tech company this year. In August, Facebook signed a 200 MW PPA with Aviator Wind East, which will be part of the largest single-phase, single-site wind project in the United States once it begins operations in Coke County, Texas, in 2020. Read More…

Shared by: Adam; Dated- 11/24/2019

Azure Power and ReNew Power Were the Top Utility-Scale Solar Developers During 1H 2019

In the first half of this year (1H 2019), Azure Power, ReNew Power, Sprng Energy, and Tata Power emerged as the top four developers of utility-scale solar power projects in India in terms of installed capacity, according to Mercom’s recently released India Market Leaderboard 1H 2019. Together, these four developers accounted for nearly 47% of the total installations.Utility-scale solar accounted for 83% of the capacity additions during 1H 2019 at 2.7 GW, while cumulative Large-scale solar installations in India reached 27.7 GW capacity as of June 2019. Read More…

Shared by: Paul; Dated- 11/20/2019

Solar power: Projects worth Rs 50,000 crore in pipeline for Ladakh, says Amit Shah

Development plans entailing total investments of Rs 50,000 crore in power, solar energy, education and tourism sectors are in the pipeline for the newly-created Union territory of Ladakh, home minister Amit Shah said on Sunday. Launching the sale of winter-grade diesel in Ladakh’s capital Leh through video-conference, Shah said the government has made a provision to ensure that budget allocations for Ladakh will not lapse in case they are not utilized fully within the fiscal. This has been done in view Ladakh’s special development needs and to allow the local administration to make full use of funds as per their development needs. Read More…

Shared by: Manan; Dated- 11/18/2019

Tariff Relief For Welspun, NSEFI Through APTEL in Tamil Nadu

The Appellate Tribunal for Electricity (APTEL), the final authority, other than the Supreme Court, for adjudicating on power-related issues, has provided relief to Welspun Renewables Energy Private Limited, in its appeal against an order of the TNERC. (Tamil Nadu Electricity Regulatory Commission) with the TANGEDCO as co-respondent. The TNERC order was passed on 28th March 2016, and applicable for one year starting April 1, 2016. The 63-page order by the  APTEL judges, uploaded to the site on November 13, sets aside specific components of the solar tariff fixed by the Tamil Nadu Electricity Regulatory Commission (TNERC) and directed the State regulator to pass a consequential order within three months. Read More…

Shared by: Deepak; Dated- 11/18/2019

Discom partners with Oz firm for solar trading

In order to launch consumer-to-consumer solar power trading on a trial basis, BSES Rajdhani Power Limited (BRPL) has entered into an agreement with Australia’s Power Ledger, a global leader in block-chain technology. With this, BRPL has become the first discom in the country to use Power Ledger’s block chain based platform for peer-to-peer (P2P) solar trading.  “Consumers with rooftop solar infrastructure can sell their excess solar energy to their neighbours even if they don’t have rooftop solar, using energy trading platform.  Thus, even consumers who don’t have roof-top solar will benefit by purchasing cheaper and cleaner electricity, compared to the slab-rate of the discom, which as consumer would otherwise have to pay,” the official said. Read More…

Shared by: Deepak; Dated- 11/14/2019

Solar manufacturing tender finally receives bids after a dozen extensions

India’s first solar manufacturing tender with linked power plant has received bids after a delay of close to two years and a dozen extensions. In the latest tender floated by the Centre with several modifications, three companies submitted their bids. The government invited bids for 2,000 Mw of solar manufacturing and 6,000 Mw of linked solar power plant, which the industry oversubscribed. Adani Green Energy Limited submitted bid for 1,000 Mw manufacturing and 4,000 Mw of power plants, Azure Power submitted for 500 Mw of manufacturing and 2,000 Mw of power plants. New entrant Navyug Power submitted a bid similar to Azure. Financial bids would open in a few weeks. Read More…

Shared by: Vikram; Dated- 11/14/2019

After Solar-Powered Airport, Kochi’s JLN Stadium To Run Fully On Solar Energy

In 2015 Cochin International Airport (CIAL) had become the first airport in the world to be completely powered by solar energy. It had received praise from across the world and was awarded the United Nation’s 2018 Champions of the Earth Award for Entrepreneurial Vision.  The energy self-sufficient airport had become a model that has been replicated around the country and the world. Read More…

Shared by: Vikram; Dated- 11/11/2019

Coal India tenders 100 MW solar projects in Chattisgarh

State-owned coal producer Coal India Limited (CIL) has invited bids to set up a 100 MWp (AC) solar project in the State of Chhattisgarh. The plant—to be established in Capex mode—will cater to the green energy requirement of South Eastern Coalfields Limited (SECL), a subsidiary of CIL. Current annual power consumption of SECL in Chhatishgarh is 850 million units.The selected developers shall also be responsible for providing comprehensive operation and maintenance of the plant for a period of 25 years. Read More..

Shared by: Chandan; Dated- 11/11/2019

Solar Now Accounts for 9.2% of India’s Total Installed Power Capacity

In the quarter ending September 2019, India’s total renewable energy capacity (including large hydro) stood at 130.68 GW. This translates into approximately 35.7% of the total installed power capacity in the country, which is around 366 GW. The share of solar in the total power capacity mix grew from 8.73% at the end of June 2019 to 9.2% at the end of September 2019. Read More…

Shared by: Manan; Dated- 11/08/2019

MERC Rules in Favor of Solar Open Access Developer In the Case of Payment Dues

The Maharashtra Electricity Regulatory Commission (MERC), in response to a petition filed by Modern India Limited (MIL), issued an order directing Global Energy Private Limited (GEPL) to release the payment for dues to the petitioner within 15 days from the date of release of the order. Modern India Limited, a solar power developer, owns and operates a solar power facility with an installed capacity of 3 MW at village Aundh in Maharashtra’s Satara district. GEPL is an electricity trading licensee who had entered into an agreement with Modern India for the sale of power from the 3 MW solar project. Read More…

Shared by: Paul; Dated- 11/08/2019

Renewable Arm of Tata Power Receives the LoA to Develop a 150 MW Solar Project

Tata Power Renewable Energy Ltd. (TPREL), a wholly-owned subsidiary of Tata Power, has received the Letter of Award from Tata Power-Distribution to develop a 150 MW solar project in the state of Maharashtra. The power purchase agreement (PPA) will be signed once the tariff is approved and adopted by the Maharashtra Electricity Regulatory Commission (MERC). TPREL had won this capacity from Tata Power Distribution in August 2019. Read More…

Shared by: Deepak; Dated- 11/08/2019

In Tamil Nadu, Rooftop Solar Has the Potential to Outdo Nuclear Power

In September, India and Russia announced joint plans to set up 20 nuclear power units in the former over the next two decades. India’s nuclear establishment believes that the use of nuclear energy can only be good for the country’s industrial development and prosperity. However, nuclear isn’t the only mode of power generation that can make such a claim. Tamil Nadu is the only state in the country with two nuclear power plants: at Kalpakkam and Kudankulam. Read More…

Shared by: Samantha; Dated- 11/08/2019

How domestic banks are moving into rural solar power space

Solar companies serving rural consumers and businesses have struggled to raise affordable and long-term commercial debt for scaling, despite a national target of 40 gigawatt (GW) of rooftop solar and 500 megawatt (MW) of green mini-grids. While capital is still inadequate, banks are starting to see the promise of this huge market and are considering innovative ways to accelerate growth. Debt is essential for distributed renewables: Project finance for mini-grids, working capital and end-user financing for rooftops, solar pumps and solar home systems. But, it has been largely missing from the sector, especially for “last-mile” communities. Read More…

Shared by: Damusandy; Dated- 11/05/2019

Tata Power, Rockefeller Foundation partner on microgrids

Integrated power company Tata Power, in partnership with US-based impact investor The Rockefeller Foundation, has launched a new firm to set up microgrids based on renewable energy across India. The company, called TP Renewable Microgrid, aims to set up 10,000 microgrids by 2026, providing access to affordable, reliable electricity for millions of rural homes and enterprises. TP Renewable Microgrid will be operated and managed by Tata Power, which brings significant experience in distributed energy, having established a joint venture with Delhi government to serve a large portion of the local population, including sizeable slum communities. Read More…

Shared by: Adam; Dated- 11/05/2019

Let’s pay the price of clean air

In the Hollywood classic Groundhog Day, the character played by Bill Murray finds himself waking up every morning to the exact same day as yesterday. Delhi and North India has its Groundhog Day moment every October, when stubble burning from paddy starts and blankets the already toxic air with a fresh inflow of aerial sewage. Like Murray, the residents of Delhi wring their hands while coughing their lungs out in total frustration. However, unlike the movie character, we do control our destiny and can break out of this vicious circle. The solutions are within our grasp provided there is political will and a willingness to use our purse to fund our way out of this problem. Read More…

Shared by: Vikram; Dated- 11/05/2019

IIT-Kharagpur implements micro solar dome project to provide affordable clean energy

IIT-Kharagpur on Thursday said 44,000 micro solar domes will be provided to poor households in rural areas of ten states under a project to provide clean energy at an affordable price. Poor families are often unable to afford the grid- connected electricity while others may find disruption of power supply due to natural disasters, according to a statement from IIT-KGP. The ‘micro solar dome’ project, being implemented in collaboration with the NB Institute of Rural Technology, could provide a solution to the problem, it said. Read More…

Shared by: Chandan; Dated- 11/03/2019

Merkel visits Delhi metro station, fitted with Germany-funded solar panel

German Chancellor Anjela Merkel visited on Saturday the Dwarka Sector 21 metro station, which is fitted with solar panels funded by the KfW, a state-owned development bank of her country. Merkel visited the terrace of the metro station where she was briefed by officials of the Delhi Metro Rail Corporation (DMRC) about the solar project. The Frankfurt-based bank has also offered soft loans for other projects in India, including the Clean Ganga Mission. The visit to the metro station, the first-solar fitted one in the mammoth Delhi Metro network, was the last leg of Merkel’s trip to India, who arrived here on Thursday night. Read More…

Shared by: Paul; Dated- 11/03/2019

Renew Power, Avaada, UPC, Tata unit bag solar projects

Renew Power, Avaada Energy, UPC Renewables and Tata Power Renewable Energy won projects in the 1,200 megawatts auction of the Solar Energy Corp of India (SECI), with the winners offering a slightly higher price than those in the previous round. In Thursday’s auction of the SECI, the nodal agency of the renewable energy ministry, Renew, Avaada and UPC Renewables won 300 MW each at a tariff of Rs 2.71 per unit. Since the SECI will allot 960 MW, Tata Power won 60 MW at Rs 2.72 per unit. Read More…

Shared by: Deepak; Dated- 11/03/2019

Vikram Solar plans to double PV module manufacturing capacity

Kolkata based Vikram Solar, one of the leading manufacturer of solar photovoltaic (PV) modules and an integrated solar solutions provider in the country, is planning to almost double its capacity. Vikram Solar, which currently has capacity to manufacture 1.1 gigawatt (GW) of PV modules, is planning add another one GW. “We have not decided when to add the capacity as the business environment and investor sentiments currently are not favorable to add capacities. Once India comes up with a proper solar policy, we will add the capacity considering the Government’s plans to take solar capacity in the country from 100 GW to 450 GW in the long term and the huge potential the industry has in the coming years”, Amit Gupta, director, Vikram Solar, exclusively told Business Today. Read More…

Shared by: Amit; Dated- 11/03/2019

Eritrea, Saint Kitts join International Solar Alliance, membership rises to 83

International Solar Alliance: Eritrea and Saint Kitts and Nevis have become the newest members of the International Solar Alliance (ISA). The two nations signed the ISA Framework Agreement during its second assembly held in New Delhi on October 31, 2019. With this, the total membership of the International Solar Alliance has risen to 83. While speaking at the Assembly, ISA President R K Singh emphasized on the increasing importance of solar energy, especially in the view of the several climate change issues being faced across the world. Read More…

Shared by: David; Dated- 11/01/2019

Renew Power to commission 3,000 MW solar and wind capacity in 18 months

Clean energy firm Renew Power will add 3,000 MW of generation capacity in the next 18 months, a top official of the company said on Thursday. A 250 megawatt plant was commissioned at Bikaner on October 27, taking the total generation capacity of Renew Power to 5,000 MW or 5 GW level, Renew Power Chairman and Managing Director Sumant Sinha told reporters here. “The company has now become the first renewable energy company in India to generate 5 GW energy through renewable means. We aim to continue to lead,” Sinha said and announced that Renew Power will commission another 3,000 MW in two phases in next 18 months. Read More…

Shared by: Chandan; Dated- 11/01/2019

AP’s power pacts a matter of concern: ReNew Power chief

ReNew Power, the first renewable energy company in India to commission over 5,000 MW of capacity, is still worried about the situation in Andhra Pradesh, where power purchase contracts face uncertainty even after a court order, chairman Sumant Sinha said. Sinha told ET he has doubts about the situation in Andhra Pradesh, where it is building 700 MW of projects, after chief minister Jaganmohan Reddy tried to review wind and solar energy contracts. Read More…

Shared by: Manan; Dated- 11/01/2019

NTPC Awards Only 300 MW Solar Out Of 1.2 GW Tendered

Chinese solar power transformer manufacturer TBEA Co., Ltd. is the sole winner of a 1.2 GW solar tender launched by the National Thermal Power Corporation (NTPC) in August 2019, according to Mercom India Research. Mercom says this win helps TBEA Ventures that supplies solar inverters to establish itself as a solar independent power procurer (IPP) in the Indian renewable energy market. Read More…

Shared by: Damusandy; Dated- 10/31/2019

India pushing public sector companies to embrace renewable energy

India’s move away from fossil fuels has taken another significant step forward with its government ordering its public sector companies to buy renewables. The Asian nation is one of the largest consumers of fossil fuels – along with China – with almost 75 per cent of the country’s power coming from coal. India is also responsible for around 40 per cent of the world’s emissions. India’s carbon emissions in 2018 rose by 4.8 per cent, mostly from coal-fired power stations that power much of the country. Read More…

Shared by: Amit; Dated- 10/30/2019

Hero Future’s stake buy by Abu Dhabi Future Energy gets CCI nod

The Competition Commission of India (CCI) has given nod under the green channel route to Abu Dhabi Future Energy Company for acquiring equity stake in Hero Future Energies Global Ltd. Besides, the transaction involves acquisition of non-voting compulsorily convertible preference shares in Hero Future Energies Private Ltd. “The proposed combination in terms of…Combination Regulations (i.e. notice for approval of combinations under green channel) is deemed to be approved,” the CCI said in a statement. Read More…

Shared by: Samantha; Dated- 10/30/2019

Rooftop Solar Plus Storage, now a Viable Solution for India

The declining cost of storage solutions, along with that of rooftop solar solutions, is likely to change the future dynamics of the Indian power sector. Several countries such as Australia, the US, Germany, among others, have already endorsed solar power with battery storage.The viability of storing solar power using batteries and using it during peak times is increasing due to declining battery prices. At present, in India, commercial and industrial (C&I) consumers face steep electricity costs, as well as frequent disruptions in the power supply. Installing a solar plus storage system can address both these issues and significantly reduce the company’s electricity bills. Read More…

Shared by: Damusandy; Dated- 10/24/2019

JinkoSolar launches Tiger module Down Under

Chinese module giant JinkoSolar officially launched its 20.78% efficient Tiger product at the All-Energy Australia 2019 trade show in Melbourne, just a day after revealing details of a panel order from Hungary. The solar manufacturer unveiled its nine-busbar, mono PERC product at the Australian trade show, claiming a power output of up to 460 Wp thanks to a half-cut cell design and the inclusion of the company’s Tiling Ribbon technology. Jinko said the tiling ribbon innovation removes gaps between cells, to raise efficiency, and the half-cut cell design also reduces cell mismatch and power ribbon losses. Read More…

Shared by: Deepak; Dated- 10/23/2019

Discom bats for rooftop solar panels

The use of electricity from rooftop solar panels would result in saving ₹5,500 for every kilowatt of capacity installed, a recent study undertaken by electricity discom BSES along with the Council on Energy, Environment and Water (CEEW) revealed. This would be in addition to savings accrued to consumers, the discom said on Thursday. Neeraj Kuldeep, Programme Lead, CEEW, said: Our analysis highlights that focusing on scaling solar rooftops among residential consumers leads to enhanced discom revenues while advancing India’s solar targets and creating new jobs. Read More…

Shared by: Amit; Dated- 10/23/2019

Colombia hails ‘revolution’ as it awards renewables deals worth $2.2 bln

Colombia has awarded contracts for wind and solar projects worth about $2.2 billion, the government said on Tuesday, as part of its efforts to boost renewable energy generation in the Andean country. Though Colombia offers dream conditions for production of solar and wind energy due to high radiation sunlight, three high-altitude Andean mountain ranges and long stretches of coastline, potential investors have said that major infrastructure construction and community support are needed to move projects forward. Read More…

Shared by: Samantha; Dated- 10/22/2019

UAE’s Masdar wins bid to develop Uzbekistan solar project

UAE’s Masdar, a subsidiary of Mubadala Investment Company, said on Tuesday it had won a bid to develop Uzbekistan’s first public-private partnership (PPP) solar project. Masdar, one of the world’s leading renewable energy companies, will develop the 100-megawatt (MW) utility-scale solar plant, under the International Finance Corporation‘s (IFC) Scaling Solar programme. The project will be located in the Navoi region of Uzbekistan. Read More…

Shared by: David; Dated- 10/22/2019

SECI Issues RfS for 400 MW ‘Round-the-Clock’ RE Power

The Solar Energy Corporation of India (SECI) has issued its Request for Selection (RfS) document for the selection of renewable energy developers for “Round-The-Clock” supply of 400 MW renewable energy to the (200 MW) New Delhi Municipal Corporation (NDMC) and (200 MW) Dadra & Nagar Haveli. (RTC-I)The scope of work for the selected bidders will include the design, supply, installation, testing and commissioning of the renewable energy plants. The open tender will permit the successful bidders to develop either solar, wind, or hybrid projects anywhere in India. However, all projects must be connected to the inter-state transmission system (ISTS). Read More…

Shared by: Vikram; Dated- 10/21/2019

With 10.6 GW Additions in 2018, US now the 2nd Largest Solar Market

According to a new report, solar PV capacity additions in the US touched 10.6 GW for 2018, and with a massive 12.9 percent share of the cumulative capacity additions for the year, the country is currently the second-largest solar PV market in the world.Anchal Agarwal, power analyst at GlobalData said that the US added 10.6 GW of annual capacity in 2018, with the highest capacity additions coming from states such as California, Texas and North Carolina. “Apart from China and the US; India, Japan and Germany are expected to have significant capacity additions during 2019-2030. The average annual addition between 2019 and 2030 in India is estimated to be around 10.8GW, while that of Japan is estimated at 4.8GW and 3GW for Germany,” she said. Read More…

Shared by: Paul; Dated- 10/21/2019

BHP switches to green power for Chilean copper starting 2021

BHP, the world’s biggest miner, said on Monday it had signed four renewable energy contracts to supply all of its Chilean copper operations beginning in 2021, cutting energy costs by 20%. Miners, which often use fossil fuels as the energy source in their operations, are shifting to renewable generation as the cost of wind and solar power drops, while social and shareholder pressure to address climate change mounts. Daniel Malchuk, president of BHP Minerals Americas, said BHP had signed contracts to cover the energy needs of Escondida, the world’s biggest copper mine, and Spence, another copper mine in Chile, the world’s leading copper-producing country. Read More…

Shared by:Adam; Dated- 10/20/2019

Bharti Airtel to acquire 26 per cent stake in AMPSolar for Rs 8.4 crore

Telecom operator Bharti Airtel has signed a pact with AMPSolar Evolution to acquire 26 per cent stake in the solar power firm for Rs 8.4 crore. The Sunil Bharti Mittal-led firm has signed an agreement with the renewable energy company to meet the green energy needs and optimise energy costs, as well as to comply with the regulatory requirement around consumption of electricity. “…the company has entered into an agreement on October 18, 2019 for acquisition of equity shares and compulsory convertible debentures (CCDs) in AMPSolar Evolution Private Limited,” Bharti Airtel said in a late night regulatory filing on Friday. Read More…

Shared by: Manan; Dated- 10/20/2019

Rays Power Infra to invest Rs 1,700 cr to set up 450 MW renewable projects

Solar power developer Rays Power Infra will invest Rs 1,700 crore to set up 450 MW of green energy projects in four major states of the country, a top company official has said. The company will be selling the energy generated to private and industrial consumers in the states of Uttar Pradesh, Haryana, Karnataka and Andhra Pradesh, Rays Power Infra Managing Director Ketan Mehta said. “We will be investing an amount of Rs 1,700 crore to develop and construct 450 MW solar projects under open access regulations… The projects will be spread across Haryana, UP, Karnataka and Andhra Pradesh,” he said. Read More

Shared by: Deepak; Dated- 10/20/2019

Sterling & Wilson Solar bags AUD220mn EPC contract in Australia

Sterling & Wilson Solar Ltd. informed the BSE on Tuesday that Sterling & Wilson Solar Australia Pty. Ltd., a subsidiary of the Company in Australia, has executed a definitive contract for Engineering, Construction and Procurement for a 200MW DC Solar Farm in Australia amounting to AUD220.83mn. Sterling and Wilson Solar is a subsidiary of Sharpoorji Pallonji. It is among the largest global solar engineering, procurement and construction solutions provider. The company provides operations and maintenance services which includes projects constructed by third parties. Read More…

Shared by: Adam; Dated- 10/16/2019

Avyan Renewable trims acquisition offer for India’s SunEdison Infra

India’s Avyan Renewable Solar Pvt Ltd will acquire a 31% equity stake in Chennai-based solar installer SunEdison Infrastructure, according to an amended share purchase agreement plan. As part of the proposed deal, Avyan Renewable will purchase 1.39 million of SunEdison’s shares, the target entity said in a bourse filing on Thursday. The open offer to the public equity shareholders of SunEdison was open between September 19 and October 3. It initially called for Avyan Renewable to buy 1.68 million SunEdison shares, representing a 37.5% stake. This offer, managed by Keynote Financial Services Ltd, was made in July. Read More…

Shared by: Vikram; Dated- 10/17/2019

Rooftop solar power catches fancy of Punjab, Hry users

Rooftop solar is fast catching fancy of micro and small units, offices, schools, hospitals and households as a reliable source of power in Punjab and Haryana. According to solar power developers, in the past nine months, there has been a significant increase in queries related to rooftop solar projects. The total installed capacity of rooftop solar power in these two states has touched 245 MW.Rooftop solar is mainly installed for captive consumption. Depending upon the requirement, the installation starts from 1kWp and can go up to 1 mega watt. Generally, most of the installed capacity is between 1 kWp and 20 kWp. Compared to the ground-mounted projects, the rooftop solar installations are much smaller in terms of generation capacity. Read More…

Shared by: Samantha; Dated- 10/17/2019

Princely Family of Liechtenstein’ investment platform bets on green energy

Attracted by India’s green energy trajectory, LGT Lightstone Aspada plans to invest up to $50 million in Canadian firm AMP Solar Group’s India unit, said several people aware of the development. The Princely Family of Liechtenstein’ India focused impact investment platform will acquire a stake of around 26% in the green energy firm. The investment, to be announced shortly, will help form the beachhead for Swiss investor LGT, a bank and fund manager with around $220 billion of assets, to make further forays in the Indian subcontinent. Read More…

Shared by: Paul; Dated- 10/17/2019

Freyr Energy to scale up solar operations

Punjab and Haryana have a huge potential for solar power generation where the company aims to scale up its operations, Co-Founder and Managing Director of Hyderabad-based rooftop solar company Freyr Energy Service Saurabh Marda said on Wednesday.”We have completed 1,800 kw of installations in Punjab and Haryana,” he told reporters. “Residential rooftops account for about 20 per cent of our business, while MSMEs and village electrification and government projects take up 40 per cent each,” Marda said. Freyr Energy, is a Pan-India player in the solar business, established in 2014. It runs through 400 partners and has collaborations in multiple countries. Read More…

Shared by: Chandan; Dated- 10/16/2019

EnBW finalises decision to build Germany’s biggest solar park

Germany’s EnBW has taken a final investment decision to build what will be the country’s biggest solar park as the utility weans itself off conventional energy to focus on trading, wind and solar power, it said on Wednesday. A 180 megawatts (MW) solar park will start up by the end of next year at Weesow-Willmersdorf in Brandenburg state, able to supply 50,000 households, chief technical officer Hans-Josef Zimmer said. A company spokeswoman declined to specify what the project would cost, only saying it would be “a high double-digit million euros sum.” Read More…

Shared by: Paul; Dated- 10/16/2019

India’s largest floating solar plant to come up in MP

After establishing a 750MW solar power park in Rewa — one of the biggest in the world — the government now aims to set up a 1,000MW floating solar park at Indira Sagar Dam in Khandwa. “We have done preliminary studies and now World Bank is preparing feasibility reports. The state government is ready to procure 200MW power from the project and we are in talks with other procurers, too. If everything goes well, work should start in 7-8 months,” principal secretary, new and renewable energy, Manu Shrivastav told TOI. The cost of developing this floating solar park will be around Rs 5,000 crores, at Rs 5 crore per MW, said sources. Read More…

Shared by: Manan; Dated- 10/16/2019

Solar power sector facing slowdown, outlook downgraded: ICRA

India’s solar and wind energy sector is facing headwinds and the liquidity profile of the IPPS in the segment is gradually deteriorating, rating agency ICRA said in a note today, adding it has revised the outlook for almost one-third of the portfolio. “The industry segment is facing significant other headwinds in the near-term which has impacted investor sentiments. The overall tendering of solar PV projects has slowed down with the solar capacity addition in six months of FY2020 remaining subdued at 2.9 Gigawatt (GW),” ICRA said. It added that the solar capacity slowdown has begun and has continued over the past 12-15 months, reflecting in FY2019 capacity addition which was 6.5 GW compared to 9.4 GW in FY2018. Read More…

Shared by: Deepak; Dated- 10/16/2019

SECI Amends Manufacturing-Linked Tender to Include 7 GW Solar Projects

The Solar Energy Corporation of India (SECI) has issued an amendment for its manufacturing linked solar tender, increasing the capacity of projects to be awarded under the tender from 6 GW to 7 GW. With that change, the new tender is seeking developers for setting up of 7 GW of ISTS-connected solar PV projects linked with 2 GW (annual) of solar manufacturing component. Last week, the agency had extended the bid submission deadline on the tender for the umpteenth time. Read More…

Shared by: Amit; Dated- 10/15/2019

Solar energy: The future of India’s automobile industry

India is expected to emerge as the world’s third-largest passenger vehicle market by 2021. Currently, the automotive sector contributes more than 7 per cent to India’s gross domestic product. The Automotive Mission Plan 2016-26 sets an aspiration to increase the contribution to 12 per cent. Given this prospective growth and being a key part of India’s manufacturing base, the automotive industry can contribute considerably to the sustainability targets of the country.There is a lot of focus on electric vehicles (EVs) today and they certainly pose an opportunity for a major change in how automotive products contribute to climate change. Read More…

Shared by: Damusandy; Dated- 10/15/2019

India releases guidelines for Solar-Wind Hybrid procurement

India has released new draft guidelines for the bidding process under its Wind-Solar Hybrid Policy, which includes e-reverse auctions and allows for the addition of energy storage capacity. The Ministry of New and Renewable Energy (MNRE) guidelines are applicable to projects of greater than 5MW in size at a single site with a minimum bid capacity of 25MW for projects within one state. For inter-state projects, the guidelines apply to projects of 50MW or larger with a minimum bid capacity also of 50MW. Both the wind and solar components of such projects must account for at least 20% of the project capacity. Read More…

Shared by: Paul; Dated- 10/15/2019

India on track to achieve 175 GW of renewable energy by 2022: R K Singh

Power and New & Renewable Energy Minister R K Singh on Tuesday exuded confidence that India will achieve 175GW of renewable energy target by 2022. “The target of having 175 GW of renewable energy by 2022 looks huge. But, today we have established 83 GW clean energy. About 29 GW of renewable energy is under installation. That makes it 112GW and under about 30GW is under bid. So that makes the 175GW of renewables. I am very confident that we would make it (175GW of renewables by 2022),” Singh during a ministerial panel discussion at Indian Energy Forum said here. Read More…

Shared by: Samantha; Dated- 10/15/2019

Andhra regulator approves solar power tariffs

Andhra Pradesh’s power regulator has approved solar power tariffs arrived at in the auctions, allaying the fears of successful bidders who had started construction of solar projects without waiting for the regulator’s formal approval.They had been given a scare by the state’s power distribution companies (discoms) which – unlike before – kept delaying adopting the tariffs arrived at in the auctions, saying they would not do so till Andhra Pradesh Electricity Regulatory Commission (APERC) approved the tariffs. Read More…

Shared by: Vikram; Dated- 10/15/2019

EDF Renewables commissions 130 MW in solar energy capacity in Egypt

EDF Renewables said it had commissioned 130 megawatt power worth of solar energy capacity in Egypt, as it steps up the pace of its development in North Africa.EDF said the latest plants moved it closer to meeting its goal of doubling its net renewable energy capacity in France and worldwide to a net amount of 50GW between 2015-2030. Read More…

Shared by: David; Dated- 10/14/2019

Will set-up 1 GW of renewable energy projects with EDF in India: Patrick Pouyanne, CEO, Total

France’s oil and gas firm, Total, and energy group, EDF, plan to develop one gigawatt (GW) of renewable energy projects in India through their joint subsidiary Eden Renewables India, according to Patrick Pouyanne, chief executive officer of Total. Pouyanne, speaking on the sidelines of India Energy Forum by CERAWeek on Monday, added that the firm is also exploring a partnership with Gautam Adani-led Adani Group for renewable energy projects. “We already have a company here, which is a joint venture between Total and EDF. We are already around 200 megawatt (MW) to 300 MW and plan to go to one GW. This is clearly another topic of potential cooperation with Adani Group, which is quite large in solar, still premature but its on the table,” he said. Read More…

Shared by: Manan; Dated- 10/14/2019

Modi’s ambitious wind-solar hybrid projects witness a slow beginning

Wind-solar hybrid projects were seen as one of the options before the Union government to help it meet the ambitious renewable target of 175 MW capacity by 2022. Nearly a year since their launch, however, projects have seen a slow start, with experts attributing the same to the policy guiding auctions. Of the 3,200 MW of wind-solar hybrid tenders launched in the last one year by central and state agencies, only 2,400 MW have materialised and 1,600 MW been allotted, indicating an under-subscription of 34%. Read More…

Shared by: Paul; Dated- 10/14/2019

Centre should pay renewable energy producers in state, says AP minister

The central government should constitute a committee headed by the Union power secretary, along with the secretary to the ministry of new and renewable energy, the principal secretary finance and the secretary to the energy department of Andhra Pradesh government to find a “long-term” solution to the problem of paying the producers of renewable energy in the state, Balineni Srinivasa Reddy, the AP minister for energy, said in a letter to Union power minister RK Singh. Read More…

Shared by: Manan; Dated- 10/13/2019

India’s green energy conundrum: ambitious targets but not enough incentives

India’s renewable energy ministry is not happy and lashed out at Crisil last week when the research unit of Standard & Poor’s put it on the spot, questioning the policy environment and the ministry’s ability to meet its clean energy targets. In its Return to Uncertainty report, Crisil says India, the third largest Asian economy, is likely to dramatically miss its ambitious goals for energy generated through renewable sources, falling short of its 2022 target of 175 Gigawatts by at least 42 per cent. Read More…

Shared by: Deepak; Dated- 10/13/2019

US Wind Industry Seeks Same Tax Incentives as Solar

The U.S. wind industry has begun a push in Washington, D.C. to level the tax-incentive playing field with solar energy, pivoting from its longstanding but now fading wind Production Tax Credit (PTC). The American Wind Energy Association, the industry’s main trade group, wants to see onshore wind projects be made eligible for the Investment Tax Credit (ITC) currently available to solar plants, said AWEA chief executive Tom Kiernan, speaking Thursday in New York. Read More…

Shared by: Paul; Dated- 10/10/2019

Canadian Solar Awarded 393.7 MWp Solar Power Projects in Brazil

Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today (10/10) announced it has been awarded three solar photovoltaic (PV) projects totaling 393.7 MWp in two recent Private Corporate Auctions held in Brazil in the third quarter of 2019. Read More…

Shared by: Adam; Dated- 10/10/2019

Brazil’s solar generation jumps 66.4% in Aug

Brazil’s solar power output in August jumped to 600 average megawatts (MWa) from 361 MWa in the same period a year ago for an increase of 66.4%. Wind generation also presented growth, rising to 8,724 MWa from 7,242 MWa. Its share in the mix went up to 14% from 11.6%, shows data published in the Power Trading Chamber’s (CCEE) InfoMercado Semanal, the weekly bulletin for energy generation and consumption. Read More…

Shared by: Samantha; Dated- 09/05/2019

The biggest solar projects in Africa

The Noor Solar Complex is a 500MW solar park located in the municipality of Ouarzazate in the Agadir district of Morocco. It is the biggest concentrated solar power plant project in the world. The location of the project offers 2,635kWh/m² of sunlight a year, which is considered to be one of the highest in the world. The solar park integrates multiple utility-scale solar power plants equipped with various solar technologies. Read More…

Shared by: Manan; Dated- 08/23/2019

India is the place to invest in renewable energy: Minister

India would be a market of good returns for renewable energy (RE) firms as the demand for power is set to treble as the country seeks to catch up with the world average in per capita power consumption, said RK Singh, Minister for Power and New and Renewable Energy, on Thursday.“Our capacity is going to double, if not treble. And bulk of it is going to come from RE,” the Minister said while addressing a curtain raiser event of the third edition of RE-Invest to be organised here between October 30 and November 2. He invited global RE firms to invest in India saying “India is the place to be if you want to invest in RE.” Read More…

Shared by: Manan; Dated- 08/08/2019

Government spots constraints on renewable energy projects

Land constraints, insufficient transmission facility and discom defaults on payments are the leading impediments to renewable energy adoption in the country. This has been unanimously agreed upon by both the industry and government stakeholders. To address these bottlenecks, the government recently introduced certain measures, as it is aware of its commitments under the intended nationally determined contributions (INDC). The 175 gigawatt (GW) target for 2022 requires us to install another 95 GW of renewable energy capacity in the next two years. Read More…

Shared by: Vikram; Dated- 07/22/2019

Indian Scientists Create ‘Black Gold’ to Boost Solar Power, Make Seawater Potable!

Indians are fascinated with gold, making India one of the largest consumers of the precious metal globally. Now Indian scientists have tinkered with the chemistry of the material and turned it into ‘black gold’ which they say has the potential to be used for applications ranging from harvesting solar energy to desalinating seawater. Scientists at the Mumbai-based Tata Institute of Fundamental Research (TIFR) rearranged the size and gaps between gold nanoparticles to develop a new material which has the unique properties of absorbing light and carbon dioxide. Read More…

Shared by: Chandan; Dated- 07/15/2019

BHEL bags ₹100-cr order from NTPC to set up solar power plant

State-owned engineering firm BHEL on Sunday said it has bagged a ₹100 crore order from NTPC for setting up a 25 MW floating solar photovoltaic power plant at Simhadri in Andhra Pradesh. The plant will be set up on the raw water reservoir of NTPC’s Simhadri Thermal Power Plant, BHEL said in a statement. “BHEL has won an order for setting up a 25 MW floating SPV power plant on EPC (engineering, procurement and construction ) basis, at Simhadri in Andhra Pradesh. Notably, this is the second order of floating SPV plant from NTPC Ltd, the earlier being 100 MW floating SPV plant at Ramagundam in Telangana,” it said. Read More…

Shared by: Damusandy; Dated- 07/14/2019

Solar energy installations drop to 49% in Q1 over lack of fund availability

Solar energy installation dropped 49 per cent to 1,737 Mw in the first quarter (Q1) of this calendar year, from 3,377 Mw in the same period a year ago. Investment in the sector was $2.8 billion or 12 per cent lower than in Q1 of 2018. The reasons include the general election, no auctions and lack of finance availability. Mercom India numbers show while volumes rose four per cent from quarter to quarter, year-on-year installation dropped 49 per cent. Rooftop installation dropped 33 per cent over a year, after four quarters of solid growth. Read More…

Shared by: Amit; Dated- 06/08/2019

Benefits of rooftop solar panels and factors that further aid their installation in India

In present times, the world has been adopting renewable power at a rapid rate. India is also emerging in the global arena as a leading generator of renewable energy. In its efforts to move further towards sustainable development, the government has set a target to achieve 175 GW of installed capacity of renewable energy by the end of 2022. Out of this, 100 GW is the target set for solar installations. Read More…

Shared by: Paul; Dated- 05/09/2019

Agreement between India-Denmark on renewable energy approved by Cabinet

The Union Cabinet Monday gave ex post facto approval to an agreement signed between India and Denmark for cooperation in the field of renewable energy with focus on offshore wind energy. The agreement was signed in March 2019 in New Delhi, an official statement said. “The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval for a cooperation agreement between Ministry of New and Renewable Energy of India and Ministry for Energy, Utilities and Climate of the Kingdom of Denmark on strategic sector cooperation in the field of renewable energy with a focus on offshore wind energy and a letter of intent to establish an Indo-Danish Centre of Excellence for renewable energy in India,” the statement said. Read More…

Shared by: Samantha; Dated- 04/16/2019

India seeks bids for $5 bn in transmission lines to fuel renewables growth

India will launch $5 billion of transmission-line tenders in phases, beginning in June, to route a targeted 175 gigawatts (GW) of power from renewable sources into the country’s grid by 2022, the Secretary at the Ministry of Renewable Energy said. India, the world’s third-largest emitter of greenhouse gases, has pledged to cut emissions and have clean energy account for at least 40 per cent of its installed capacity by 2030, up from 21.4 per cent now, while looking to manage its energy appetite as its population becomes more prosperous. Read More…

Shared by: Manan; Dated- 03/27/2019

Dim prospect for India’s solar energy story

India’s ambitious plans to add 100 gigawatts (GW) of solar energy capacity by 2022 seem to be running aground. This situation is exacerbated by the fact that the target year set for its completion is just round the corner. According to a latest report by global analytics firm Credit Rating Information Services of India Limited (CRISIL), India would be able to manage only 60 GW capacity by 2022. The turn of events may have triggered a spike in costs thanks to the anti-dumping duty on imported solar panels that are currently widely used in our country. Read More…

Shared by: Damusandy; Dated- 03/21/2019