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JSW, Reliance Win SECI’s 1 GW/2 GWh Battery Energy Storage Auction

JSW Neo Energy and Reliance Power have won Solar Energy Corporation of India’s (SECI) auction to set up 1,000 MW/2,000 MWh standalone battery energy storage systems (BESS) under tariff-based global competitive bidding. Both the co...

September 16, 2024

Energy Storage

Renewable Energy Developers in Limbo as PPA-PSA Delays Mount

Amid surging demand for renewable energy in India, delays in finalizing Power Sale Agreements (PSA) and Power Purchase Agreements (PPA) are creating significant obstacles for developers and policymakers alike. In April 2023, the M...

September 16, 2024

Mercom Research Focus

Average Cost of Large-Scale Solar Projects Dropped by 26% YoY in Q2

The average cost of large-scale solar projects in India fell 2% quarter-over-quarter (QoQ) and 25.7% year-over-year (YoY) in the second quarter (Q2) of 2024. Since Q1 2023, large-scale solar project costs have dropped for six stra...

September 12, 2024

Mercom Research Focus

India’s Solar Cell and Module Imports Drop Sharply in Q2 2024

India imported solar cells and modules worth over $774.9 million (~₹64.6 billion) in the second quarter (Q2) of the calendar year 2024, down 16.4% year-over-year (YoY), according to data from the Department of Commerce. Solar modu...

September 10, 2024

Latest News

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Government Issues VGF Guidelines for 1 GW Offshore Wind Projects

The Ministry of New and Renewable Energy MNRE has issued guidelines to implement viability gap funding (VGF) for 1 GW offshore wind energy projects. The VGF program for 1 GW offshore wind projects to be commissioned until the financial year...

September 16, 2024

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UPNEDA Invites Bids for 320 MW Solar Projects on Lease Land

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids for 320 MW grid-connected ground-mounted solar power projects in eight locations in Jalaun, Uttar Pradesh. The last date to submit bids is October 4, 2024. Bids...

September 16, 2024

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Karnataka Regulator Clarifies Rooftop Solar Net Metering Arrangements

The Karnataka Electricity Regulatory Commission (KERC) has clarified that if a rooftop solar consumer switches from a net metering arrangement to a gross metering arrangement and carries out wiring modifications, the distribution companies (DISCOMs)...

September 16, 2024

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Jindal to Develop Green Hydrogen Facility for Use in its Steelworks

Jindal Steel & Power (JSPL) and Jindal Renewables will invest in green hydrogen production for steel making in Angul, Odisha. JSPL plans to incorporate green hydrogen into its Direct Reduced Iron units. In the first phase, Jindal Renewables will...

September 16, 2024

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GERC Asks Wind Developer to Share All Carbon Credit Benefits with Utility

The Gujarat Electricity Regulatory Commission (GERC) has ruled that wind power developers must share benefits from the sale of all types of carbon credits with Gujarat Urja Vikas Nigam (GUVNL) and not just credits from the Clean Development...

September 16, 2024

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SECI Invites Bids for 500 MW ISTS Offshore Wind Projects

Solar Energy Corporation of India (SECI) has invited bids to develop 500 MW Inter-State Transmission System (ISTS)-connected offshore wind power projects (Tranche-I). Bidders must pay a non-refundable document fee of ₹50,000 (~$596.08) and a bid...

September 16, 2024

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Adani Green to Supply 5 GW of Solar Power from Khavda to Maharashtra

Adani Green Energy has received a letter of intent (LoI) from the Maharashtra State Electricity Distribution Company (MSEDCL) to supply 5 GW of solar power from the Khavda Renewable Energy Park in Gujarat. The company will sign a long-term power...

September 16, 2024

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SJVN Tenders 1.2 GW Solar Projects with 600 MW/2,400 MWh Energy Storage

SJVN has invited bids to develop 1,200 MW Inter-State Transmission System (ISTS)-connected solar projects with 600 MW/2400 MWh energy storage systems (ESS) under tariff-based competitive bidding. The projects must be set up on a build-own-operate...

September 16, 2024

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Daily News Wrap-Up: APTEL Rejects Plea for Interim Relief in Tariff Dispute

The Appellate Tribunal for Electricity (APTEL) has rejected ReNew Naveen Urja’s petition for interim relief against the Central Electricity Regulatory Commission’s (CERC) order adopting the tariff for its wind project. ReNew Naveen Urja had...

September 16, 2024

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