vgf

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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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Ministry Issues Viability Gap Funding Guidelines for Battery Storage

The Ministry of Power (MoP) has issued the operational guidelines for the ₹94 billion (~$1.1 billion) program to provide viability gap funding (VGF) of up to 40% to...

March 20, 2024

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Arshreet Singh

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Energy Storage

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Market & Policy
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SECI Releases ₹1.73 Billion Subsidy Under Solar Park Program in January 2024

The Solar Energy Corporation of India (SECI) paid solar and wind power producers ₹9.39 billion (~$113.3 million) for the energy purchased in January 2024. Disbursements...

March 15, 2024

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Arjun Joshi

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Other

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Renewable Energy
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SECI Releases ₹2.3 Billion Subsidy Under Solar Park Program in October 2023

The Solar Energy Corporation of India (SECI) paid solar and wind power producers ₹10 billion (~$119.9 million) for the energy purchased in October 2023. The payment...

December 13, 2023

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Arjun Joshi

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Other

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Renewable Energy
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MNRE Outlines Strategy for Developing Offshore Wind Projects

The Ministry of New and Renewable Energy (MNRE) has formulated three models for developing offshore wind energy projects, especially along the extreme southern and...

August 22, 2023

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Rakesh Ranjan

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Other

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Wind
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Focus on Green Energy Transition at the Core of Union Budget 2023

The Union Finance Minister Nirmala Sitharaman laid out an expansive budgetary outlay for expediting green transition as she identified ‘Green Growth’ as one of the seven...

February 1, 2023

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Rakesh Ranjan

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Markets & Policy

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Other

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Renewable Energy
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SECI Pays ₹7.91 Billion to Solar and Wind Developers in November

The Solar Energy Corporation of India (SECI) has released ₹7.91 billion (~$96.6 million) in payments to solar and wind power generators for the power purchased in...

February 1, 2023

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Arjun Joshi

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Other

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Renewable Energy
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SECI’s Payment to Solar and Wind Developers Down 10% to ₹8.04 Billion in October

The Solar Energy Corporation of India (SECI) released ₹8.04 billion (~$98.6 million) in payments to solar and wind power generators for the power purchased in October...

December 6, 2022

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Rakesh Ranjan

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Other

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Renewable Energy
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SECI Released ₹9.54 Billion for Wind and Solar Power Purchased in July 2022

The Solar Energy Corporation of India (SECI) released ₹9.54 billion (~$119.6 million) in payments to solar and wind power generators for the power purchased in July 2022....

August 29, 2022

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Rakesh Ranjan

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Markets & Policy

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Solar
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Ceiling Usage Charge of ₹3.50/kWh for 1,692 MW of Solar Projects Under CPSU Program Approved

The Central Electricity Regulatory Commission (CERC), in a recent order, adopted the ceiling usage charge of ₹3.50 (~$0.046)/kWh for 1,692 MW of solar power projects...

December 15, 2021

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Rakesh Ranjan

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Markets & Policy

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Solar
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SECI Pays ₹4.91 Billion to Solar and Wind Developers for Power Purchase in May

The Solar Energy Corporation of India (SECI) paid around ₹4.91 billion (~$66 million) to solar and wind developers for the power it purchased in May 2021, according to...

June 28, 2021

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Rakesh Ranjan

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Markets & Policy

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Solar
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IREDA Amends 5 GW CPSU Solar Tender, Raises Tariff Cap to ₹2.45/kWh

The Indian Renewable Energy Development Agency (IREDA) has extended the deadline for the 5 GW grid-connected solar projects (Tranche-III) under the central public sector...

May 18, 2021

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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CPSU Program for 12 GW of Solar Amended, VGF Capped at ₹5.5 Million

The Ministry of New and Renewable Energy (MNRE) has issued amendments for setting up 12 GW of solar projects with viability gap funding (VGF) by central public sector...

May 11, 2021

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Rahul Nair

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Markets & Policy

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Solar
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IREDA’s 5 GW Solar Projects Under the CPSU Program Comes With a ₹2.20/kWh Tariff Cap

The Indian Renewable Energy Development Agency (IREDA) has capped the tariff for the 5 GW of grid-connected solar power projects (Tranche III) under the central public...

February 1, 2021

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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IREDA Floats 5 GW Tender For Grid-Connected Solar Power Projects Under CPSU Program

The Indian Renewable Energy Development Agency (IREDA) has floated a tender for the setting up of 5 GW of grid-connected solar power projects in India (Tranche III)...

January 29, 2021

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Rakesh Ranjan

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Solar

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Tenders & Auctions

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