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Tariff adoption has become a huge challenge: Azure Power CEO

By : Sustainability ..., Mar 18, 2020

No longer can renewable energy developers take for granted that the tariffs at which they won projects in auctions will actually be adopted, which is proving a big hurdle for the sector, according to Ranjit Gupta, CEO of leading solar developer Azure Power. The company, which...

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SECI Scores 9 Bids Worth 3.5 GW in Response to 1.2 GW Solar Tender

By : Sustainability ..., Feb 21, 2020

The Solar Energy Corporation of India (SECI) has reported a list of nine bidders who have submitted prospective bids against the nodal agencies 1.2 GW solar tender (ISTS-VIII) which was issued in January. The nine firms that have submitted bids are ReNew Power, Softbank,...

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Coronavirus outbreak may impact 3GW Indian solar projects worth ₹16,000 crore

By : Sustainability ..., Feb 18, 2020

In what may impact India’ green energy trajectory, around 3 giga watt (GW) of solar projects, worth ₹16,000 crore, could be at risk of penalties for missing their project completion deadline if the coronavirus impact prolongs, according to CRISIL. “As per the standard terms...

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MNRE opens facilitation centre for renewable energy investors

By : Sustainability ..., Feb 12, 2020

The Union Ministry of New and Renewable Energy (MNRE) has opened an Industry and Investors’ Facilitation Centre in the Ministry. This will work as a focal point to provide correct and timely information on policies and programmes of the Government and also resolve issues of...

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India will have 225 GW of renewable energy capacity by 2022, including large hydro: MNRE Secy

By : Sustainability ..., Jan 20, 2020

India will have an installed renewable energy generation capacity of 225 Gigawatt (GW) by 2022, including large hydro projects, Anand Kumar, Secretary at the Ministry of New and Renewable Energy (MNRE), said today. Speaking at an industry event here, Kumar said the ministry...

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Govt plans to restrict coal supply to Andhra Pradesh

By : Sustainability ..., Jan 13, 2020

The Centre is considering restriction of coal supplies and all sanctioned loans and funding to Andhra Pradesh from central public sector units (PSUs) such as Power Finance Corp. Ltd (PFC) and REC Ltd, if the state government refuses to reconsider its decision to revise...

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UP: PCL to buy 200 MW solar power

By : Sustainability ..., Dec 11, 2019

The UP Electricity Regulatory Commission (UPERC) on Monday approved procurement of 200 MW solar power by UPPCL from Solar Energy Corporation of India (SECI). The tariff for it will be Rs 2.89 per unit, including a trading margin of Rs 0.07 per unit. The trading margin is like...

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Andhra govt yet to reach a deal on green energy contracts

By : Sustainability ..., Dec 9, 2019

The hard-found compromise reached last month to end the impasse over Andhra Pradesh’s decision to relook at renewable energy contracts has floundered, said several Union and state government officials. The government led by chief minister Y.S. Jagan Mohan Reddy has upped the...

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Re-negotiation of contracts with renewable energy players discourages investment in sector: WWF-India report

By : Sustainability ..., Dec 5, 2019

The renegotiation of contracts with renewable energy players is impacting the viability of investments in the sector according to a report by WWF-India. The report titled, “The Rise of Renewables: Are You REDE?” said, “The fall in Renewable Energy (RE) prices, as a result of...

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Hero Future files petition against Andhra discoms

By : Sustainability ..., Nov 14, 2019

In the continuing face-off between the Andhra Pradesh government and renewable energy developers, Hero Future Energies has filed a contempt petition with the Andhra Pradesh electricity power regulator for recovery of dues from the state’s discoms, which have not been paid...

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