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Home2021March

Month: March 2021

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Company Release

Solar tariffs likely to rise in near term, though remaining cost competitive for the off-takers; further, timely signing of PPAs and PSAs remains critical: ICRA

March 25, 2021

·   The outlook for the renewable energy sector is ‘Stable’ supported by policy push, large growth potential, tariff competitiveness and the presence of creditworthy central nodal agencies as intermediary procurers ICRA Ratings has said that […]

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Company Release

JICA signs loan agreement for JPY 10 billion with TCCL for Climate Change Management Project in India

March 25, 2021

Mumbai, March 25, 2021: Japan International Cooperation Agency (JICA) signed a Loan Agreement for a maximum amount of JPY 10 billion with Indian Non-Banking Financial Company, Tata Cleantech Capital Limited (TCCL) to support the company […]

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Company Release

PXIL launches Green Term Ahead Market (GTAM)

March 25, 2021

GTAM to further strengthen PXIL’s market leadership in the TAM segment Holds above 60% market share in Term Ahead Market segment   Mumbai/New Delhi, 25th March2021: After attaining success and market leadership in the Term […]

Miscellaneous

TERI and Shell map out a pathway for India’s domestic energy system to move towards net-zero emissions by 2050

March 24, 2021

The Energy and Resources Institute (TERI) and Shell has launched a report, “India: Transforming to a net-zero emissions energy system” that has assessed India’s technology and policy options if it were to accelerate its transition […]

Projects

GUVNL’s 500 MW solar tender that was oversubscribed discovers lowest tariff of Rs 2.20 per kWh

March 24, 2021

Gujarat UrjaVikas Nigam Limited (GUVNL) conducted the solar auction for 500 MW of capacity. This is the first solar auction after the basic customs duty announcement on cells and modules by the Ministry of New […]

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Company Release

Net Zero Emissions in India’s Energy System by 2050 Technologically Possible but Highly Challenging

March 23, 2021

A recent modelling report jointly undertaken by TERI and Shell maps out an illustrative technological pathway for India’s domestic energy system to move towards net-zero emissions by 2050, while delivering sustainable economic growth.  National, March […]

Company Release

Ginlong Solis honoured with the Top Brand PV 2021 Award for inverter manufacturers

March 22, 2021

Bonn. Ginlong (Solis) Technologies (Stock Code: 300763.SZ), a global leader in photovoltaic string inverter manufacturer  has been awarded with the Top Brand PV 2021 seal in the Netherlands. This is based on a survey of […]

Financings

AC Energy and UPC Solar secures funding for 100 MW solar farm in Rajasthan

March 19, 2021

The Philippines-based AC Energy and its partner UPC Solar Asia Pacific have announced financial closure for their 100 MW Sitara Solar Farm in Rajasthan. The project has an estimated cost of $67 million and it […]

Financings

Adani Green Energy raises $1.35 billion in debt financing for its renewable energy portfolio

March 19, 2021

Adani Green Energy Limited (AGEL) has announced that it raised a $1.35 billion debt package for its renewable asset portfolio which is currently under construction. Further, the company has signed definitive agreements with international lenders. […]

Projects

REIL floats tender for purchase of 290,000 multicrystalline solar cells under DCR category

March 19, 2021

Rajasthan Electronics and Instruments Limited (REIL) has issued two tenders for the supply of multicrystalline solar cells. The first tender is for the rate contract supply of 150,000 multicrystalline silicon solar cells with 4.5 W […]

Projects

TCIL floats tender to develop 5 GW of solar projects under CPSU program

March 19, 2021

Telecommunications Consultants India Limited (TCIL) has floated an expression of interest to select partners to develop 5 GW grid-connected solar projects in India under the Central Public Sector Undertaking (CPSU) program.  The announcement applies to […]

Projects

GUVNL reissues tenders for 800 MW of solar projects in Gujarat

March 19, 2021

Gujarat Urja Vikas Nigam Limited (GUVNL) has reissued two tenders for the development of 800 MW of solar power from grid-connected solar projects at the Dholera and RaghanesdaSolar Parks. Under the first tender, 700 MW […]

Projects

SECI’s 1.2 GW wind auction discovers lowest tariff of Rs 2.77 per kWh

March 19, 2021

In the Solar Energy Corporation of India’s (SECI) latest auction for developing 1.2 GW of interstate transmission system (ISTS)-connected wind projects (Tranche X) in India, Adani Renewable Energy, Ayana Renewable Power, Evergreen Power and JSW […]

Regulations

Chhattisgarh announces draft renewable purchase obligations regulations for 2021-26

March 19, 2021

The Chhattisgarh State Electricity Regulatory Commission (CSERC) has released a draft notification for the state’s renewable purchase obligation (RPO) and renewable energy certificates (REC) framework regulations for 2021-26. The regulations will apply to all discoms, […]

Policies and Programmes

Haryana plans to develop 93 MW of solar projects

March 19, 2021

In its budget for the year 2021-22, the Haryana state government has announced its plan to develop 93 MW of solar power projects in the state. Of this, 77 MW of capacity will be installed […]

Company Release

30k Crore Hybrid Project to Brighten the Nights of Rajasthan

March 17, 2021

India’s first of its kind integrated project of 3600 MW Solar and 900 MW wind and 2520 MW Pump Hydro Storage Plant Solar and wind Project will be set up in Pali and Jaisalmer; and […]

Company Release

FIMER POWERS ‘MILESTONE’ 10MW SOLAR PROJECT IN NEPAL

March 17, 2021

FIMER has supplied its inverters to Nepal’s largest private solar project, which was recently commissioned in Dhalbekar region through Kushal Projects Nepal Pvt Ltd. The prestigious 10MW project will feature FIMER’s central inverter PVS980-58 5MVA […]

Emerging Segments

Battery Energy: Strong business case for storage technologies

March 17, 2021

India has committed to an ambitious target of developing 175 GW of renewable electricity capacity by 2022, of which it had already installed 90.39 GW  by November 2020. Currently, environmentally conscious governments have instituted policies […]

Financings

Orix Corporation acquires a 21.8 per cent stake in Greenko

March 12, 2021

Japanese financial services company, Orix Corporation reported the completion of the acquisition of a 21.8 per cent stake in Greenko Energy Holdings for about $961 million. As per the agreement, Orix will also add 873 […]

Projects

BGR Energy partners with Ireland’s Fusion Fuel Green for the green hydrogen project

March 12, 2021

Ireland’s Fusion Fuel Green, an Ireland-headquartered green hydrogen technology company, will be setting up a demonstrator plant for Indian engineering, procurement, and construction contractor, BGR Energy to generate green hydrogen cost-effectively. The plant will be […]

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Solar Module Manufacturers in India

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