Even as the industry is trying to make sense of the Rs. 2.62/kWh(more here) solar tariff, it has dropped further to Rs. 2.44/kWh in the just concluded auction for 500 MW of solar projects in Bhadla Solar Park. According to reports, ACME Solar and SBG Cleantech have won the projects. The details are as follows. […]
MNRE released the official renewable energy installation numbers, and for the first time since 2012, the annual Solar installed capacity was higher than the Wind installed capacity, despite 2016-17 being a record year for the wind sector. In 2016-17, a total of 5,502 MW of wind capacity was added, which is the highest ever in
Annual Solar Installations overtake Wind Installations for the first time – MNRE Read More »
Following the steep downward revision of REC prices and the removal of vintage multiplier by the Central Electricity Regulatory Commission(CERC) (details of the CERC order here), several REC-generator filed petitions in Supreme Court seeking relief. Based on the petition, Supreme Court has stayed the new price regime and also stayed the trading. According to Business
The race to the bottom continues at a furious pace, thanks to Solar Parks. Within a span of 3 months, Solar tariff quoted by winning bidders has dropped by more than 25%. From Rs. 3.29/kWh(Rewa Solar Park, Madhya Pradesh) in February 2017, the tariff has reduced to Rs. 2.62 in May 2017(Bhadla Solar Park, Rajasthan), touching
Bhadla Solar Park – Solar Tariff hits another low of Rs. 2.62/kWh Read More »
Solairedirect has once again done it. After shocking the solar sector in 2011 when it won a solar project at the then lowest tariff of Rs. 7.49/kWh, Solairedirect has quoted the lowest tariff(so far) of Rs. 3.15/kWh in the bid for a 250 MW plan in Kadapa Solar Park in Andhra Pradesh.(The list of solar
Kadapa Solar Park – Solar Tariff Touches a new low of Rs. 3.15/kWh Read More »
The Ministry of Power has announced on April 2, 2017 that Mizoram became the 27th State to join UDAY(Ujwal DISCOM Assurance Yojana). Mizoram follows 3 states – Kerala, Arunachal Pradesh and Tripura that joined UDAY at the end of March 2017. UDAY (Ujwal DISCOM Assurance Yojana) was launched in November 2015 with the objective of financial turnaround
4 More States join UDAY Scheme – Total Number of States in UDAY increases to 27 Read More »
The Central Electricity Regulatory Commission(CERC) has released the final order on the REC forbearance and floor prices for Solar and non-Solar RECs. This follows the draft order released earlier in March 2017(more here) and the subsequent feedback from the industry stakeholders. The new price range, effective from 1st April 2017 till further notice, is as
Renewable Energy Certificates – Final price band released by CERC Read More »
Tamil Nadu Energy Development Agency(TEDA) has invited EOI for setting up a 500 MW Solar Park in Tamil Nadu. It may be recalled that Solar Parks are going to play a very crucial role in India achieving its target of 100 GW of Solar Installed capacity by 2022. Following the successful auction(successful from Government perspective)
Tamil Nadu invites Expression of Interest(EOI) for setting up of a 500 MW Solar Park Read More »
MNRE has released the benchmark cost for “Grid Connected Rooftop and Small Solar Plants Programme” for the year 2017-18. The revised costs are as follows. Upto 10 kWp – Rs. 70/Wp >10 kWp – 100 kWp – Rs. 65/Wp >100 kWp – 500 kWp – Rs. 60/Wp The details can be accessed here. _____________________________________________________________________________________________ Subscribe
MNRE’s Benchmark Cost for “Grid Connected Rooftop and Small Solar Plants Programme” Read More »
Forbearance price of Solar RECs is proposed to fall below that of Wind RECs in the revised tariff range for RECs with effect from April 1, 2017 as announced by the Central Electricity Regulatory Commission(CERC). Forbearance price of Solar RECs will be Rs.2500/MWh whereas the forbearance of non-Solar RECs will be Rs. 2900/MWh. The floor price
Renewable Energy Certificates – Solar REC prices proposed to be dropped by more than 50% Read More »
