Odisha Invites Bids for the Sale of 500 MW Solar Power with Greenshoe Option
Grid Corporation of Odisha (GRIDCO) has invited bids from intra-state off-takers to buy 500 MW solar power through a tariff-based competitive bidding process with a greenshoe option. The last date for the submission of bids is January 16, 2024. Bids will be opened on January 17. GRIDCO foresees a significant increase in renewable energy (RE) […]
Read MoreRajasthan to Allow Annual Revision in Biomass Tariffs
The Rajasthan Electricity Regulatory Commission (RERC) has allowed the annual change in tariff for biomass projects in the state based on the increase or decrease in variable charges like fuel costs. Under the proposed “Rajasthan Electricity Regulatory Commission (Terms and Conditions for Tariff determination from Renewable Energy Sources) (Second Amendment) Regulations, 2023,” the tariff for […]
Read MoreKPI Green Raises ₹3 Billion Through Qualified Institutions Placement
KPI Green Energy, a renewable energy solutions provider, has raised ₹3 billion (~$36.08 million) through Qualified Institutions Placement (QIP). The company’s board approved the issuance and allotment of 2.54 million equity shares to qualified institutional buyers at the issue price of ₹1,183 (~$14.23) per equity share against the floor price of ₹1,245 (~$14.97). Post the […]
Read MoreOil India Floats Tender for 1 MW Green Hydrogen Project in Himachal Pradesh
Oil India (OIL) has invited bids to establish a 1 MW green hydrogen project in Himachal Pradesh, with a 17 Kg/hr generation capacity. The project must be commissioned within 18 months of receiving the award letter. The last day to submit the bids is January 15, 2024. Bids will be opened the same day. Bidders […]
Read MoreAustralia Invites Bids for 2.4 GWh Battery Storage under Capacity Investment Program
The Australian Department of Climate Change, Energy, the Environment and Water has invited bids to develop up to 600 MW of four-hour equivalent or 2,400 MWh energy storage projects in South Australia or Victoria. The Capacity Investment Scheme (CIS) South Australia-Victoria (SA-Vic) tender seeks to set up energy storage projects with a continuous discharge capability […]
Read MoreNTPC REL, ACME and Blupine Energy Win PFC’s 1.25 GW Solar Auction
NTPC Renewable Energy (NTPC REL), ACME Cleantech Solutions, and Solarcraft Power India 12 (Blupine Energy) won PFC Consulting’s auction to develop 1,250 MW of interstate transmission system (ISTS) connected solar power projects anywhere in India. NTPC REL and ACME quoted the lowest tariff at ₹2.53 (~$0.0304)/kWh to win 900 MW and 300 MW capacity, respectively. […]
Read MoreCERC Approves Compensation to Solar Developer in Change in Law Case
The Central Electricity Regulatory Commission (CERC) has approved a plea by ReNew Sun Waves (RSWPL) to receive compensation, both before and after the commercial operation date (COD), to offset the financial impact of safeguard duty on solar cells or modules and increased customs duty on solar inverters. The compensation will be disbursed at a discount rate […]
Read MoreWaaree to Build 5 GW Solar Module Manufacturing Facility in US
India-based solar module manufacturer Waaree Energies has announced it will build a 5 GW integrated solar cell and module manufacturing facility in Brookshire in the U.S. The facility is expected to produce 3 GW of solar modules annually by the end of 2024. The company plans to invest up to $1 billion over the next […]
Read MoreGermany’s KfW Loans $218 Million for Solar Capacity Expansion in India
German development bank Kreditanstalt für Wiederaufbau (KfW) has granted a Є130 million (~$142 million) loan to the Indian Ministry of Finance and a Є70 million (~$ 76 million) loan to the State Bank of India (SBI) recently. The funds will be used to expand solar generation capacity under the Indo-German solar partnership. SBI will use […]
Read MoreMinistry of External Affairs Notifies Rules for Leasing Offshore Wind Energy Sites
Leased areas for offshore wind energy projects will be valid for an initial three-year period for conducting resource measurements and surveys, according to the Offshore Wind Energy Lease Rules, 2023, issued by the Ministry of External Affairs. The lease period can be extended by an additional two years. All clearances will be revoked after the […]
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