Indian renewable energy developers raise over INR 26,300 crore through green bonds in first half of 2021
Since 2014, Indian renewable energy developers have raised more than INR 78,200 crore through green bonds in global markets.
Unsigned PPAs halting India’s renewable energy growth
Nearly 19 GW of renewable energy capacity tendered by the Solar Energy Corporation of India (SECI) is on hold due to electric distribution companies’ unwillingness to sign the power purchase agreements. Manufacturing-linked solar projects alone account for a 63% share of the capacity in limbo.
Greenko, NTPC sign MoU for round-the-clock power supply
Hyderabad-based RE developer Greenko Energies, which is developing over 40 GWh of pumped hydro storage projects in India, has partnered with NTPC to develop round-the-clock power supply solutions by integrating renewable energy sources and pumped storage.
SECI concludes world’s largest renewables-plus-storage tender at Rs4.04/kWh
Pumped hydro and battery projects, coupled with renewables, offer the world’s lowest peak clean electricity tariff. The tender, which received bids for for 1.62 GW of capacity against the 1.2 GW sought, saw Greenko secure 900 MW of pumped storage capacity and Renew Power 300 MW of battery storage.
State can’t curtail solar power at convenience, says Tamil Nadu electricity regulator
Following a petition by National Solar Energy Federation of India (NSEFI), Tamil Nadu Electricity Regulatory Commission (TNERC) stated that the State Load Dispatch Centre (SLDC) cannot curtail renewable power at convenience.
Greenko raises fresh $550 million from Singapore and Abu Dhabi investors
This is the third round of Greenko investment by Singapore’s sovereign wealth fund GIC Holdings and Abu Dhabi Investment Authority (ADIA), taking their total in the Indian renewable energy firm to $2 billion.
Actis calls off plans to buy Essel Infra’s solar assets
Earlier, UK-based private equity investor had reportedly agreed to buy 685 MW of Essel’s solar power projects (including installed and under-construction) for around Rs 4,700 crore.
Top 3 developers commissioned one-fourth of utility-scale PV projects
Of the total 9,538 MW of solar capacity commissioned between October 2017 and September 2018, Adani bagged the lion’s share at 11%, followed by Acme (7.5%) and Renew Power (7.3%), finds Bridge to India. The analyst company also tracks tariff trends between 2016 and now.
India’s solar energy capacity is growing
India’s electricity sector is transforming rapidly. A 50% decline in wind and solar tariffs since 2016 means renewable energy is now the lowest cost source of new generation. This has turned the established order in India on its head.
Greenko calls off plan to buy Orange Renewable
Hyderabad-based renewable energy major Greenko Group has abandoned plans to buy AT Capital-backed Orange Renewable.
