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electricity Act

Investments in Distributed Energy Likely to Rise Up to 75% by 2030

With the market set for a decade of high growth, the rate of annual investment in distributed energy resources (DER) likely to increase up to 75 per cent by 2030, as analyzed by a leading business consulting firm. The Frost & Sullivan in its recent analysis, ‘Growth Opportunities in Distributed Energy, Forecast to 2030’, finds that favorable regulations, […]

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SECI Disburses Rs 10.3 Cr in GST Claims to 6 SPDs in May Payments

SECI has detailed that it has reimbursed six firms or SPDs (across their multiple subsidiary SPVs) for GST claims to the tune of Rs 10.35 crore. The Solar Energy Corporation of India (SECI), the nodal agency for implementing renewable energy projects in the country recently published a list of all the payments (solar/ wind power […]

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Sonnedix, Natixis Close Financing for 100 MW Solar Portfolio

Sonnedix and Natixis have successfully closed senior facilities totaling USD 87 million for an expected 100 MW solar PV portfolio in Chile. Sonnedix, a global solar independent power producer (IPP), and Natixis have successfully closed senior facilities totaling USD 87 million for an expected 100 MW portfolio (Sonnedix PMGD Portfolio) of approximately 20 solar photovoltaic plants in Chile. The Portfolio consists […]

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CREDA Revises 20 MW Rooftop Solar Tender Schedule for Chhattisgarh

State nodal agency Chhattisgarh State Renewable Energy Development Agency (CREDA) has revised the schedule for its 20 MWp tender for grid-connected rooftop solar photovoltaic (PV) systems under the Resco model. The move came in the wake of novel coronavirus (Covid-19) restrictions and precautionary measures and requests from bidders. As per the revised schedule, interested bidders […]

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5 Reasons Discoms Should Consider This For Financial Distress

That a financial crisis is pretty much  business as usual for discoms in India has been well documented on this site, and elsewhere. Many solutions have also been suggested, most of which seem to fall short of actually settling the matter. So here is one we would like to suggest, without quite getting into the […]

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Azure Announces Financial Results for Q4 2020, 29% Increase in Revenue

Azure Power has issued its financial results for the fiscal fourth quarter ended March 31, 2020. The firm has reported a 29 percent increase in its revenue. Azure Power,  one of India’s leading independent power producers (IPP) for utility and commercial scale solar PV power plants, has reported its financial results for the fiscal fourth quarter ended March 31, […]

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Germany Approves NECP, Targeting 30% Renewable Energy by 2030

The Germany Government has finally approved its 2030 National Energy and Climate Plan (NECP), aiming for 30 percent renewable energy by 2030. The Germany Government, just 20 days ahead of its EU Council Presidency starting in July, has finally approved its 2030 National Energy and Climate Plan (NECP). The country has also adopted a new […]

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90% Rise in Digital Payments Recorded During Lockdown by Discoms

The Discoms have registered a significant rise of up to 90 percent in digital payments of electricity bills in Delhi during the coronavirus lockdown. The power Discoms have registered a significant rise of up to 90 percent in digital payments of electricity bills in Delhi during the coronavirus-induced lockdown. Tata Power Delhi Distribution Limited (TPDDL), serving around 70 lakh consumers in north […]

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