The world added a record 295 gigawatts (GW) of new renewable power capacity in 2021, overcoming supply chain challenges, construction delays and high raw material prices, said the International Energy Agency (IEA’s) latest Renewable Energy Market Update. Capacity additions in renewables electricity generation are expected to break another record this year, continuing last year’s trend […]
Karnataka has discovered solar tariff of RS 2.36 perunit in an auction conducted by the Solar Energy Corporation of India (SECI). The tariff is higher than the Rs 2.17 a unit discovered in December 2021 for auctions conducted by SECI for power supply in Rajasthan. Although location plays a role in tariff determination, the higher […]
India is expected to add renewable energy (RE)generating capacity of 12.5 gigawatt (GW) in the year ended March 2022 and another 16GW in the year thereafter amid ongoing project pipelines of up to 55GW, estimates rating agency ICRA. Girishkumar Kadam, senior vice president and co-group head for corporate ratings at ICRA said that the capacity […]
The Maharashtra State Electricity Distribution Company (MSEDCL) has issued separate tenders to procure 342 megawatts (MW) of energy from grid-connected intrastate wind projects and 300 MW from interstate and intrastate wind projects. The projects will be selected through e-bidding followed by an e-reverse auction process. The last date to submit online bids is December 16, […]
India added 8,811 megawatts (MW) solar capacity and 1,246 MW of wind capacity in the first 9 months of 2021. In total 10 gigawatts (GW) of solar and wind capacity were added from January 2021 till September 2021, according to a report by JMK Research. This is about 280 percent and 101 percent respectively, higher […]
India’s western state Gujarat has been making rapid inroads into the renewable energy (RE) sector with a slew of mega green energy projects. The state’s mega-projects not only pertains to electricity generation but also to equipment manufacturing and they are backed by policy initiatives and strong investor support. According to the state government’s estimates, the renewable power […]
Tata Power plans to increase its renewable energy portfolio in order to become a 15 gigawatts (GW) company in the coming years, the company’s chairperson Natarajan Chandrasekaran said in the Annual General Meeting. The company plans to focus on building scale in its rooftop solar, solar pumps, electric vehicle charging systems, and home automation businesses. […]
The Solar Energy Corporation of India (SECI), under the umbrella of New and Renewable Energy (MNRE), has paid nearly Rs 4.91 billion to solar and wind developers for the power it purchased in May 2021, according to the data released by the nodal agency. These disbursements together account for 94 percent of the total amount […]
The Supreme Court has sought response from various renewable energy generators in Maharashtra as to why open access and banking facilities for excess energy should be given to them. A Bench led by Justices Indira Banerjee and MR Shah, while issuing notice to four wind generators in Maharashtra — Arvind Cotsyn, Roha Dyechem, Jsons Foundry […]
India’s wind energy installations for the first quarter of 2021 (Q1 2021) has gone up by 25 percent quarter-over-quarter (QoQ), with 623 megawatts (MW) added compared to 500 MW installed in the previous quarter. Based on the Ministry of New and Renewable Energy (MNRE) released data, year-over-year (YoY) installations have seen a 230 percent jump, […]
