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RE developers

Has Punjab Scored A Self Goal With Its Talk Of Renegotiating Solar tariffs?

News Reports of the government of Punjab contemplating renegotiation of solar power rates for pre 2016 projects paint a strange picture. While the reports quote the view of Punjab government sources that the difference in rates between then and now is too high to be allowed, they don’t mention the fate of the other state […]

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Aker Offshore, Ocean Winds and Statkraft Team Up For Offshore Wind in Norway

Aker Offshore Wind, Ocean Winds, and Statkraft have signed a collaboration agreement to bid for, develop, construct, and operate offshore wind and associated infrastructure for the Utsira Nord license area in Norway. While Akers and StatKraft are Norway based firms, Ocean Winds is the result of a 50-50 joint venture by EDP Renewables (EDPR) and ENGIE […]

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Nextracker First To Reach 50 GW Solar Tracker Shipments Globally

Nextracker™ has announced the crossing of the 50 gigawatts (GW) in global shipments for it. The achievement makes it the first solar tracker firm to get there, and marks the relevance of a technology that is on the ascendance once more, as more efficient modules hit the market. The 50 GW figure is equivalent to […]

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Inverter Major Sungrow Hits 10 GW Shipment Record In India

Sungrow, the global leading inverter solution supplier for renewables, has breached a new milestone for PV inverter shipments in India – 10 GW. Gratifyingly for the firm, it has not been even one year since the last 7 GW record, announced in January 2021. The company has clearly done well from the sharp recovery of […]

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Proposed Amendment by Power Ministry To Power Corporate and Industrial RE Development

With 4 stakeholder consultations already held, the proposal by the power ministry to amend the Energy Conservation Act, 2001 is moving ahead. The amendments will have the twin objectives of enhancing demand for renewable energy at the end- use sectors such as Industry, buildings, transport etc, and also support the climate goals commitments of the […]

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IREDA Opens PLI Bids. Solar Manufacturing Likely To Get Some New Names

The Solar PLI manufacturing bids have finally been opened by the Indian Renewable Energy Development Agency (IREDA). And the results are really interesting. Not only have relatively new players bid more aggressively making it tougher for incumbents to qualify, but it also sets the stage for a really interesting domestic market. The Solar PLI scheme […]

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Azure Power Wins its First 120 MW ISTS Wind Project with SECI

Azure Power, one of the leading solar power developers in the country, has announced that it has received the letter of award (LOA) for its first wind project, 120 MW ISTS project with Solar Energy Corporation of India (SECI) to supply power for 25 years at a tariff of INR 2.70 per kWh. Azure Power’s […]

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MoP Notifies Rules for Timely Recovery of Costs due to ‘Change in Law’

The Ministry of Power (MoP) has notified a new rule for the sustainability of the electricity sector and promotion of clean energy to meet the India’s commitment towards climate change, states a press release. MoP said that investors and other stakeholders in the power sector were concerned about the timely recovery of the cost due […]

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