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Azure Power Q2 Results. Not Enough To Enthuse Investors

The NYSE listed Azure Power Global Limited announced its consolidated results under United States Generally Accepted Accounting Principles (“GAAP”) for the fiscal second quarter 2022, period ended September 30, 2021. Fiscal Second Quarter 2022 Period ended September 30, 2021 Operating Highlights: Megawatts (“MW”) Operating* were 2,210 MWs, as of September 30, 2021, an increase of 31% over September 30, 2020. […]

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MNRE Gets Approval For Rs 454 Crore Spends To Support Renewables for the Next 5 Years

The approvals, covering the period 2021-22 to 2025-26, have all been communicated this week. Covering the areas of supporting research and development (Rs 228 crores), Public Awareness (Rs 26 crores) and Human Resources Development ( Rs 200 crores), the idea is to provide the MNRE with funds to achieve key objectives. While readers will be […]

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Procurement At Scale Helped Bring Down Prices By 22% For 3 Wheelers

With its focus on delivering clean, affordable, and reliable energy, Convergence Energy Services Limited (CESL) is playing a key role in creating an enabling ecosystem for transitioning to renewable, energy efficient solutions, specially, electric mobility. CESL, a subsidiary of state-owned Energy Efficiency Services Limited (EESL), works under the Ministry of Power, Government of India. Saur […]

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CERC Agrees With Tata Motors, Allows One time Relaxation For Issue of RECs

In an interesting order published yesterday, the Central Electricity Regulatory Commission (CERC) has provided relief to Tata Motors (petitioner), on a plea the latter made against the respondent, National Load Despatch Centre (NLDC) in  the matter of issuance of the Renewable Energy Certificates to the Petitioner for the specified period. The Issue: Tata Motors, which […]

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CERC Declines To Step in For Change In Law Petition From Mahindra Renewables

In a recent judgement, the Central Electricity Regulatory Commission (CERC) rejected Mahindra Renewables Private Limited’s arguments in its petition regarding Change of Law (CIL) rules with respect to a power purchase agreement (PPA) signed with Solar Energy Corporation of India Limited (SECI) in December 2018. Mahindra Renewables petitioned CERC, seeking that the imposition of safeguard duty on […]

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India’s Journey Towards Clean Energy Transition in 2022: Stepped Approach

By Vishnu Sudarsan, J Sagar Associates Decarbonize, digitise and decantrise is the new mantra for India’s energy transition roadmap. PM Modi’s Paris pledge has given a shot in the arm for the country’s transition plan towards clean energy and to achieve the goal of greening the economy. It provides certainty and visibility to a clean […]

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Goa’s State-run Transport Corp Gets 2nd Lot of E-buses

Goa’s Kadamba Transport Corporation (KTCL) on Saturday received the second lot of e-buses fitted with features like electronically controlled air suspension, CCTV cameras, and the emergency button to ensure the safety of commuters. Goa Chief Minister Pramod Sawant flagged off these buses during a round table to promote an electric mobility event organised by the […]

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