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Free Electricity Programs a Disincentive for PM Surya Ghar Rooftop Solar Adoption

At a time when the government is pushing for greater adoption of solar through the PM Surya Ghar: Muft Bijli Yojana, which aims to make households energy-independent, free electricity programs have proved to be an impediment to ro...

March 21, 2025

Energy Storage

Bondada, Oriana and Pace Win Telangana’s 250 MW/500 MWh BESS Auction

Bondada Engineering, Oriana Power, and Pace Digitek have won Telangana Power Generation Corporation’s (TGGENCO) auction to set up 250 MW/500 MWh standalone battery energy storage systems (BESS) in Telangana. Bondada Engineering an...

March 25, 2025

C&I

Open Access Hybrid Projects Can Meet Up to 90% of Energy Cost of C&I Units

Wind-solar hybrid open access power projects can meet 85-90% of the power requirements of big commercial and industrial (C&I) consumers in Tamil Nadu, according to industry experts. At the recent C&I Clean Energy Meet host...

March 20, 2025

Solar

Solar Generation Sees Sudden Dips in North India Due to Cloud Cover

Solar power generation experienced sudden dips between December 2024 and February 2025 due to cloud cover over large swathes of northern India, resulting in demand-supply gaps that led to low frequency and localized high voltages ...

March 26, 2025

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Jaipur DISCOM Tenders 112 MW Solar Projects Under PM KUSUM

Jaipur Vidyut Vitran Nigam (JVVNL) has issued an expression of interest for implementing 112.6 MW of decentralized solar projects in Rajasthan under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM). Bids must...

March 26, 2025

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BluPine Energy Secures ₹17.87 Billion from NaBFID for Renewables Expansion

Gurugram-based renewable energy services company BluPine Energy has secured ₹17.87 billion (~$210 million) in structured financing from the National Bank for Financing Infrastructure and Development (NaBFID). The transaction is structured around...

March 26, 2025

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AMPIN Energy Secures $50 Million Investment from Siemens Financial Services

Independent power producer AMPIN Energy Transition has secured an investment of $50 million (~₹4.28 billion) from Siemens Financial Services, the financing arm of Siemens AG. The investment will strengthen AMPIN’s position in India’s renewable...

March 26, 2025

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Project Finance Brief: ACCIONA Energía Secures $288 Million for Solar Project

From: Mercom Capital Group ACCIONA Energía, a renewable energy company, secured an AUD$453 million (~$287.85 million) syndicated loan facility to construct its 480 MWp Aldoga solar project on the central Queensland coast in Australia. The company...

March 26, 2025

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Daily News Wrap-Up: TGGENCO Announces 250 MW/500 MWh BESS Auction Results

Bondada Engineering, Oriana Power, and Pace Digitek won Telangana Power Generation Corporation’s auction to set up 250 MW/500 MWh standalone battery energy storage systems in Telangana. Bondada Engineering and Oriana Power won 50 MW/100 MWh each at...

March 26, 2025

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Funding and M&A Roundup: TRENDE Secures $7.2 Million

From: Mercom Capital Group TRENDE, a provider of renewable energy solutions in Japan, announced the completion of a JPY1.07 billion (~$7.2 million) funding round through third-party allocation. The investment round was led by four new shareholders:...

March 26, 2025

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IREDA Raises ₹9.1 Billion Through Privately Placed Tier-II Bonds

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has raised ₹9.1 billion (~$106.16 million) by issuing privately placed subordinated Tier II bonds. This financing is for a 10-year tenure at an annual coupon rate of 7.74%....

March 26, 2025

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CERC Approves Tariffs for NTPC’s 1 GW Wind-Solar Hybrid Projects

The Central Electricity Regulatory Commission (CERC) has approved tariffs ranging from ₹3.43 (~$0.04)/kWh to ₹3.46 (~$0.04)/kWh for NTPC’s 1 GW interstate transmission system (ISTS)-connected wind-solar hybrid power projects. The Commission rejected...

March 25, 2025

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CERC Sets Interim Tariff for DVC’s 8 MW Solar Project at ₹3.62/kWh

The Central Electricity Regulatory Commission (CERC) has determined an interim tariff of ₹3.62 (~$0.042)/kWh for Damodar Valley Corporation’s (DVC) 8 MW solar project at Panchet, West Bengal. DVC had requested approval for a tariff of ₹3.92 (~$0....

March 25, 2025

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