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CERC Orders SECI to Compensate Hero Energy for Extra Expenses in Bhadla Solar Project

The Central Electricity Regulatory Commission (CERC) has ordered Solar Energy Corporation of India Limited (SECI) to pay the requisite compensation to Clean Solar Power (Bhadla) Pvt. Ltd., a wholly owned subsidiary of Hero Solar Energy Private Limited (HSEPL) that developed solar projects with 300 MW capacity in Rajasthan, on account of additional costs incurred by the […]

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EQT Makes Voluntary Takeover bid for Spanish Solar Developer Solarpack

A global investment organization, EQT Infrastructure has announced a voluntary takeover bid for 100 percent of the share capital of Solarpack Corporación Tecnológica, S.A, a Getxo-based developer and owner of solar PV plants, mainly active in Spain, Chile, and India.  Before the announcement, EQT Infrastructure has signed permanent agreements with the Vendor Shareholders (Beraunberri, S.L., […]

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Tata Motors & Tata Power Inaugurate India’s Largest Solar Carport in Pune

Tata Motors and Tata Power today jointly inaugurated India’s largest grid-synchronized, behind-the-meter solar carport at the Tata Motors car plant in Chikhali, Pune. The 6.2 MWp solar carport deployed by Tata Power will generate 86.4 lakh kWh of electricity per year and is estimated to reduce 7,000 tons of carbon emissions annually and 1.6 lakh tons […]

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US Solar Capacity Surpasses 100 GWs with 58% Electricity Generation

The US solar market has surpassed the 100 gigawatts (GWs) of installed electricity generation capacity, which marks the doubled size of the industry over the past 3.5 years, says a report entitled ‘U.S. Solar Market Insight Q2 2021’. According to the report released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the solar […]

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AP High Court Throws Out 6.4 GW State Solar Auctions

The Andhra Pradesh High Court declared yesterday that the state government’s  6.4 GW solar project auctions were bad in law, and  quashed the request for selection (RfS) and power purchase agreement (PPA)  for the same. The move follows a petition filed by Tata Power Renewable Energy in January this year, where it was contended that the […]

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Azure Q4 Results. Firm Expects Tariff Markdown for 4 GW Manufacturing Tender Win

Azure Power Global Limited announced its consolidated results under United States Generally Accepted Accounting Principles (“GAAP”) for the fiscal fourth quarter 2021, period ended March 31, 2021 yesterday. The firm is listed at the New York Stock Exchange, the first power firm from India to achieve the same. Key Operating Highlights: Megawatts (“MW”) Operating* were 1,990 MWs, […]

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15 MW Nangal Floating Solar Bid Deadline Gets 12th Extension From SECI

SECI has extended the bid submission deadlines for the 15 MW floating solar plant at Nangal Pond, In Himachal Pradesh’s Bilaspur District, by a further period to July 19, 2021. This should make this the 12th extension for the project now. The tender had first been released in July last year. Power from the project […]

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Potential for 600 ‘Shovel-ready’ Projects in Clean Energy, 1.5 M New Jobs- EY Report

Multinational professional services network Ernst & Young Global Limited, in collaboration with Federation of Indian Chambers of Commerce & Industry (FICCI), has released a report entitled “Accelerating post-pandemic economic recovery with clean energy infrastructure and jobs in India”, which highlights concrete policy recommendations for balancing economic recovery and climate neutrality goals in the post COVID […]

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Sale of Electricity in Futures Market will Benefit RE Investors: IEEFA

The introduction of derivatives to India’s short-term power market will make it easier for renewable project developers to enter into offtake arrangements with state-owned distribution companies (discoms), finds a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). “The launch of new financial instruments will enable developers to hedge their offtaker […]

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