gujarat

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Adani Green’s Q1 FY 2025 Revenue Rises 24% on Higher Capacity

Renewable energy company Adani Green Energy (AGEL) reported that its revenue surged by 24% year-over-year to ₹25.28 billion (~$301 million) in the first quarter of...

July 26, 2024

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Arshreet Singh

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Finance and M&A

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Renewable Energy
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BluPine Secures ₹4.36 Billion for a 120 MW Solar Project in Gujarat

Renewable energy company BluPine Energy has secured ₹4.36 billion ($52.85 million) in financing from the State Bank of India for its 120 MW solar project in Panshina and...

July 22, 2024

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Staff

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Finance and M&A

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Solar
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CERC Allows KPS1 Transmission to Evacuate 3 GW Renewable Energy

The Central Electricity Regulatory Commission (CERC) granted KPS1 Transmission a license to implement a transmission line for the injection of 3 GW renewable energy at...

July 10, 2024

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Arjun Joshi

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Grid

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Market & Policy
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ENGIE Signs ₹14.6 Billion Loan Agreement with ADB for 400 MW Solar Project

ENGIE group has signed a loan agreement with the Asian Development Bank (ADB) for a 400 MW solar photovoltaic power project in Surendranagar District, Gujarat. ADB was...

July 4, 2024

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Staff

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Finance and M&A

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Solar
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Gujarat Commission Adopts Tariffs for 200 MW Wind-Solar Hybrid Projects

The Gujarat Electricity Regulatory Commission (GERC) has adopted the tariffs discovered under the competitive bidding process conducted by Gujarat Urja Vikas Nigam...

July 3, 2024

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Arjun Joshi

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Markets & Policy

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Solar

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Wind
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NTPC Subsidiary Invites Bids for 12.82 MW Solar Projects Across India

NTPC Vidyut Vyapar Nigam (NVVN), an NTPC subsidiary, has invited bids to develop ground-mounted and rooftop solar photovoltaic projects with a total capacity of 12.82 MW...

July 1, 2024

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Arshreet Singh

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Solar

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Tenders & Auctions
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Daily News Wrap-Up: SECI Tenders 400 MW Wind-Solar Hybrid Projects

The Solar Energy Corporation of India has invited bids to develop 400 MW of interstate transmission system-connected wind-solar hybrid power projects (Tranche IX). The...

July 1, 2024

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Mercom Staff

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Daily Wrap-up
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KPI Green Secures ₹6.86 Billion Funding for 200 MW Solar Project

Renewable energy solutions provider KPI Green Energy has secured a credit facility of ₹6.86 billion (~$82.1 million) to develop a 200 MW solar photovoltaic power project...

June 28, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Cabinet Approves ₹74 Billion VGF Program for Offshore Wind Projects

The Union Cabinet has approved a Viability Gap Funding (VGF) program with a total outlay of ₹74.53 billion (~$893.34 million) for offshore wind energy projects. The...

June 20, 2024

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Arjun Joshi

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Finance and M&A

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Wind
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Gujarat Regulator Approves Tariffs for 1.1 GW Projects at Khavda Solar Park

The Gujarat Electricity Regulatory Commission (GERC) has adopted the tariffs discovered under the competitive bidding process conducted by Gujarat Urja Vikas Nigam...

June 19, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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Vikram Solar Wins Module Supply Order for NLC India’s Khavda Solar Project

Solar module manufacturer Vikram Solar has secured a 393.9 MW supply order from NLC India for its Khavda Solar Project in Gujarat. NLC had invited bids for the supply...

June 18, 2024

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Arshreet Singh

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Manufacturing

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Solar
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GERC Approves Tariffs for Procuring 140 MW Wind Power

Gujarat Electricity Regulatory Commission (GERC) has adopted tariffs of ₹3.42 (~$0.04)/kWh for Alfanar Power’s 50 MW wind power and ₹3.44 (~$0.041)/kWh for Juniper...

June 14, 2024

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Arjun Joshi

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Markets & Policy

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Wind
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Gujarat Electricity Regulator Adopts Tariff for 1.2 GW Solar Projects

The Gujarat Electricity Regulatory Commission (GERC) has recently finalized tariffs for three solar power projects in the state with a cumulative capacity of 1,200 MW...

June 14, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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India’s Q1 2024 Rooftop Solar Installations Drop to 367 MW, Down 24% YoY

India installed 367 MW of rooftop solar capacity in the first quarter (Q1) of 2024. This accounts for a 10% quarter-over-quarter (QoQ) decrease from 406 MW and a 24%...

May 30, 2024

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Gautamee Hazarika

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Mercom Research Focus

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Rooftop

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Solar
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GERC Rules Power Entities Must Refund Excess Charges to Solar Developers

Gujarat Electricity Regulatory Commission (GERC) has mandated that the Uttar Gujarat Vij Company, Gujarat Energy Transmission Corporation, and the Energy and...

May 28, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar

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