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Electricity Market

World’s Biggest Green Energy Hub Proposed for Western Australia

An international consortium is planning to build what would be the world’s biggest renewable energy hub in Australia, covering an area half the size of Belgium, to convert wind and solar power into green fuels like hydrogen. The consortium, which comprises of InterContinental Energy, CWP Global and Mirning Green Energy Limited, aims to build Western Green Energy […]

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APERC Approves Cancellation of Two Wind PPAs, Orders Discom to Pay Compensation

The Andhra Pradesh Electricity Regulatory Commission (APERC) has issued a new order, ruling that the power purchase agreements (PPAs) entered into by wind developers Vibrant Greentech and Chaitanya Projects with the Southern Power Distribution Company of Andhra Pradesh (APSPDCL) were not binding for the state distribution company. The ruling came in response to the petitions filed […]

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Capgemini to Order Only Hybrid & EVs, Ends Pure Diesel/Petrol Orders

French IT company Capgemini has announced that it will now order only hybrid and electric cars and vans for its 12,000-vehicle company fleet, stopping with immediate effect the order of new pure diesel or petrol vehicles as part of its plans to transition to a fully electric fleet by 2030. The company aims to achieve […]

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Canadian Solar Wins 45 MWh Energy Storage Project in Colombia

Canadian Solar Inc., a solar PV module manufacturer in Canada, has won its first-ever utility-scale battery storage project in Colombia with a capacity of 45 MWh. The project was awarded in the public tender floated by Colombia’s Ministry of Energy and Mines via its affiliate UPME, the Mining, and Energy Planning Unit. Located in the […]

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Woodmac Predicts Low Solar Achievement Rates for India By 2030

Market Research firm Wood Mackenzie (Woodmac) says that Asia Pacific solar photovoltaic (PV) capacity could triple to 1,500 gigawatts (GW) by 2030.   China To Remain Leader   Even as China will remain leader in the region, woodmac says low completion rates in India mean the country will miss its 100 GW solar target for 2022, […]

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Tata Power, Azure Win MSEDCL Hybrid Tender With Rs 2.62 Bid

Tata Power (TP Saurya  Limited) and Azure Power have edged out RenEw Power to win the Hybrid MSEDCL tender for wind and solar combined. The winning bidders came in with bids at Rs 2.62, a paisa lower than RenEw Power’s Rs 2.63 bid. The tariff is less than 10 percent higher than the one discovered […]

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CERC Notice To Power Trading Firms For Failing to Maintain Net Worth

For National Energy Trading Services Limited, and Atria Energy Services Private Limited, a weak balance sheet submitted to the  Central Electricity Regulatory Commission (CERC) for downgrading their energy trading licenses has landed both in a hot soup. In both cases, the Central Regulator, after going though the documents  on record,  has seen a fit case […]

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2020 A Year Like No Other, Confirms BP Statistical Review

Acknowledging the massive disruptions caused by the Covid pandemic in 2020, the annual BP Statistical Review has called 2020 ‘a year like no other’, as it lays bare the hits and misses for the energy sector in 2020. The headline number in our view, Carbon emissions from energy use fell by 6.3%, to their lowest […]

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Except Two, All Union Territories and Goa Fail to Meet RPO Targets FY21, Shows JERC’s Analysis

Except Chandigarh and Andaman & Nicobar Islands, all other union territories and Goa have failed to achieve their solar renewable purchase obligation (RPO) targets, shows the Joint Electricity Regulatory Commission (JERC)’s analysis of RPO targets for 2020-21 based on the data received from the regions under its jurisdiction. The full analysis can be accessed here. […]

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