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viability gap funding

Will Hydrogen Contribute Toward Energy Transition Of India?

The first few days of CoP27 have shown quite an enthusiasm for the potential of hydrogen to the energy transition. Government and private leaders have endorsed hydrogen as an opportunity and solution to decarbonise the economy. While the countries in the Middle East and North Africa (MENA) region are eager to exploit the potential of […]

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NHPC Hopes To Commission 1 GW Solar Power Projects in 2023 With Recent Contracts

India’s largest hydropower generation firm NHPC Ltd expects that three contracts recently awarded to Adani Infra, Tata Power Solar and Sri Sai would commission the 1 gigawatt solar power project by November 2023. Adani Infra, Tata Power Solar and a joint venture of Sri Sai had bagged the contract for producing 600 MW, 300 MW […]

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NHPC Awards Contracts For CPSU 1000 MW Solar Projects

Hydro energy major NHPC (National Hydroelectric Power Corporation), which had been allotted a 1000 MW Capacity Solar Power Project  in the Phase II, Tranche III auction back in September 2021, has finally completed the award of contracts for the project. NHPC had won with a Viability Gap Funding (VGF) of Rs. 44.90 Lakh/MW in the […]

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Tata Power bags EPC Contract For 1000 MW Solar Project From SJVN

State owned renewable energy developer SJVN has awarded the development of a 1000 MW solar power project in Bikaner district of Rajasthan to Tata Power. SJVN has issued a Letter of Award (LoA) for engineering, procurement and construction (EPC) contract to Tata Power Solar Systems Limited. The upcoming 1000 MW solar power project will be […]

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SECI pays Rs 4.2 billion for Solar and Wind Procurement for December Month

Solar Energy Corporation of India (SECI) has released a payments of about Rs 490 crores to just solar and wind power generators. This disbursement is meant for the renewable energy procured from the two power sources for the month of December 2021. As far as the total amount released by SECI for the said month […]

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Highlights from Economic Survey for RE Sector in 2021

The Economic Survey, which receded the annual budget of the government, is a widely anticipated document, seen more as a sort of white paper on what the government of the day considers its key achievements, and indications of the way ahead. To that extent, the latest Economic Survey document, all 442 pages of it in […]

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5 GW CPSU Tender Results- NTPC, SJVN, NHPC Grab 1GW Each

The 5 GW CPSU tender managed by Indian Renewable Energy Development Agency Ltd. (IREDA), the agency appointed by Ministry of New & Renewable Energy (MNRE) for the implementation of the CPSU Scheme Phase II, finally has a winners list. The tender, part of the 12 GW CPSU scheme, has been hanging for a while, and […]

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IREDA Releases List of Tentative Bidders for 5 GW CPSU Scheme

The Indian Renewable Energy Development Agency Ltd. (IREDA), the agency appointed by Ministry of New & Renewable Energy (MNRE) for the implementation of the CPSU Scheme Phase II, has released a tentative list of bidders for building 5000 MW capacity of renewable energy. Under the Central Public Sector Undertaking (CPSU) scheme phase-II, 12,000 MW grid-connected […]

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65% Of Aspiring Developers Choose To Exit PPA’s in GUVNL Projects In Gujarat

The Gujarat Urja Vikas Nigam Limited (GUVNL) has received 2605 applications from aspiring solar developers to exit their project commitments, after the utlity offered a one time exit option to developers from the signed PPA’s. The development followed the decision by the state government to offer zero subsidy for these smaller projects, at a fixed […]

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