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Indian electricity commission cuts price of Renewable Energy Certificates

The Central Electricity Regulatory Commission has proposed to lower the price of solar Renewable Energy Certificates in wake of plunging PV costs.


ArcelorMittal eyes 600 MW Indian solar farm approval

The Luxembourg-based steel and mining multinational looks to turn to solar power after securing permission to develop acquired in the state of Karnataka.

India: solar park target should not be limited to 40 GW if demand is there, says Mercom

The recently doubled capacity for solar parks in India from 20 GW to 40 GW has been welcomed by Mercom Capital Group, which says that government should not be too rigid with individual targets if there is demand for more.

Confirmed: India to double solar park 2020 capacity goal to 40 GW

Target expanded to 50 solar parks, up from previous number of 34. Solar Energy Corporation of India will execute the projects in collaboration with state governments across the country.


Analysis: India’s domestic solar manufacturers facing tough climate, says Mercom

Assessment of the country’s PV manufacturing landscape by Mercom Capital Group finds series of challenges for domestic firms, including sustained low-cost competition from China, lack of scale and inconsistent support from government.


Azure Power quarterly results show 49% EBITDA increase

Indian solar developers post strong financial results for quarter ending 31st December 2016, with 49% EBITDA increase and 46% increase in revenue compared to the same period in the previous year.

Japanese venture snaps up 10% of ReNew Power for $200 million

Jera — jointly owned by Japanese utilities Tokyo Electric Power (Tepco) and Chubu Electric Power — will acquire an equity stake in the Indian independent power producer via a subscription to newly issued shares.

Analysis: India’s record-low solar tariff product of unique circumstances, says Mercom

Price of INR 3.30/kWh recorded at Rewa Solar Park auction in Madhya Pradesh among lowest in the world, and marks continuation of downward trend. Many factors played a role in bringing down the price in this particular auction, says Mercom Capital Group.


India’s Madhya Pradesh auctions nation’s lowest-priced solar

Today’s reverse auction for capacity at the 750 MW Rewa solar farm in the Indian state attracts record-low bid of just INR 3.59/kWh ($0.053/kWh).


M10 Industries Kubus tabber stringer passes Emmvee Solar stress tests

The first two high performance tabber stringers made by the Freiburg based equipment manufacturer have successfully passed a 72 hour site acceptance test at Emmvee Solar’s production facility in Bangalore, India.

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