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renewable energy

New Era of Generic Renewable Energy Tariffs in Maharashtra Starts

Generic Renewable Energy Tariffs, which, until now declared by the respective state regulatory commissions have just entered into a new era of market determined mechanism, starting with Maharashtra. In its Generic Renewable Energy Tariff order for FY 2020-21 under MERC (Renewable Energy Tariff) Regulations, 2019 act, MERC (Maharashtra Electricity Regulatory Commission) has declared that projects […]

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REC Board Approves Incorporation of 7 SPVs for Evacuating Renewable Energy

The board members of India’s power sector lender REC Ltd have provided their consent for a proposal to incorporate 7 project-specific special purpose vehicles (SPVs). These SPVs will facilitate the evacuation of renewable energy from Maharashtra, Madhya Pradesh, Karnataka and Rajasthan. REC said that “The board of directors of REC Ltd in its meeting held on March 25, 2020, inter-alia […]

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MNRE Continues To Bat For Renewable Energy. Will It Be Enough?

Continuing with its quick moves, after every such incident, the Ministry of New and Renewable Energy has clarified again that distribution companies that do not honour their power purchase agreements will be charged for ‘deemed generation.’ In other words, if they happen to curtail power from RE producers despite the instructions to treat them as ‘must […]

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Yinson Forays into Renewable Energy via Buying 37.5% Stake in Indian IPP

Malaysian company Yinson, via its arm Yinson Renewables (S) Pte Ltd, has forayed into the renewable energy segment and bought 37.5 percent stake in the Indian Independent Power Producer (IPP) Rising Sun Energy Pvt Ltd (RSE). The company said that it has signed “multiple agreements to acquire a 37.5 percent equity interest in RSE, a […]

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MNRE Offers Solutions for Invoicing for Renewable Energy Supplied During Lockdown

MNRE has issued a new notification, offering viable solutions for invoicing for renewable energy (RE) supplied during the ongoing lockdown The Ministry of New and Renewable Energy (MNRE) has issued a new notification to offer relief to stakeholders as the renewable energy industry grapples with the ongoing lockdown imposed to combat the spread of the […]

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NTPC, SECI to Set Up 10GW Renewable Energy Parks in Rajasthan

With an aim to achieve the target of 175 GW of renewable energy by 2022, the government has ramped up its process of tendering of renewable energy projects across the country. In line with this, India’s largest power generation utility NTPC and state-owned Solar Energy Corporation of India (SECI) will soon be signing an agreement with […]

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MNRE to Issue Uniform Guidelines for Renewable Energy Procurement

In a further step to provide relief to the ailing renewable energy sector in the country, the Ministry of New and Renewable Energy (MNRE) is mulling to issue uniform combined guidelines for the procurement of renewable energy i.e. solar, wind, and hybrid energy including storage. The government’s motive behind issuing uniform guidelines is to boost […]

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Renewable Energy Gets A Curfew Pass For Lockdown, Gives Guarded Welcome

The notification by the MNRE (Ministry of New and Renewable Energy) that requested states to consider renewable energy as an essential service has come as a reassuring show of support for the sector. The MNRE notification, issued yesterday, told states to allow movement of material and personnel to ensure continuous renewable power generation. “Power generation […]

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Renewable Energy Supply Chain Disruptions to be Treated as Force Majeure

MNRE has directed its implementing agencies to treat delay on account of disruption of the supply chains due to the spread of coronavirus as Force Majeure. The Ministry of New and Renewable Energy (MNRE) has announced that all Renewable Energy implementing agencies of the MNRE have been directed to treat delay on account of disruption […]

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