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The Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021, announced by the Ministry of Power, if implemented as is, could improve the certainty of cash flows for new renewable energy projects coming up through this route, finds CRISIL ratings. In India, power distribution happens through three modes – state distribution companies, […]
Azure Power, one of the leading solar power developers from India, and listed on the New York Stock Exchange (NYSE), has announced its Q1 results. The Firm had the following key highlights to showcase: Megawatts (“MW”) Operating* were 2,052 MWs, as of June 30, 2021, an increase of 23% over June 30, 2020. Operating, Contracted & Awarded […]
The West Bengal State Electricity Distribution Company Limited (WBSEDCL) is seeking bids for the empanelment of agencies for the installation of 50 MW of grid-connected rooftop solar projects on residential buildings in West Bengal. The tender comes after a significant gap, with Bengal already one of the laggards on solar adoption. In fact, the state […]
Indian Energy Exchange, (IEX) celebrated the first anniversary of the start of trading on its its Green Term Ahead Market (GTAM) with a special conference. IEX informs us that the GTAM has cumulatively traded 2744 MU of renewable energy in its first year comprising of 1267 MU volume in the solar segment and 1477 MU […]
The Karnataka Electricity Regulatory Commission has passed an order on generic solar tariffs for the state. It has hiked solar rooftop tariffs to Rs 4.02, mainly in an effort to increase rooftop solar adoption, an area where the commission felt progress had been tardy. KERC has determined the generic tariff as follows: For grid connected […]
For the third time this month, the APTEL (Appellate Tribunal For Electricity) has seen it fit to set aside an order of the Karnataka State Regulatory Commission (KERC). While the broad issue is the same, the beneficiary this time is Hyderabad based Sirwar Renewable Energy Private Limited, a firm that had set up a 2 […]
2021 has been a good year so far, for renewable energy growth in Maharashtra, with the primary state discom, Maharashtra State Electricity Distribution Company Limited (MSEDCL) finally happy with the bids it received for its recent tenders. With prices dropping to as low as Rs 2.42 for its last solar tender, besides Rs 2.62 for […]
The Appellate Tribunal for Electricity (APTEL) has ruled in favour of a small solar power developer, Hunsankodilli Solar Power Project LL.P (developer) that has set up a 3 MW solar plant in Karnataka. The ruling follows a similar one declared early in August where the apex authority had taken a similar view. The developer had […]
The Central Electricity Regulatory Commission (CERC) has ruled in favour of Talettutayi Solar Projects One Pvt. Limited (TSPPL), a subsidiary of Gurugram-based SolarArise, directing Solar Energy Corporation of India Limited (SECI) to pay the solar developer compensation for the increased cost of a project, excluding carrying cost, due to the implementation of the GST laws […]
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