Azure Power, one of India’s leading independent solar power producers, announced that the underwriters of its previously announced follow-on public offering of equity shares have exercised their option to purchase 115,542 additional equity shares.
leading energy utilities firm SP Group revealed the launch of a blockchain-powered renewable energy certificates marketplace.
Fourth Partner Energy has commissioned a 980-kWp carport for Škoda Auto India at their manufacturing facility in Aurangabad, Maharashtra.
- 86% of Azure Power’s 2 GW+ contracted pipeline is with counterparties that have A to AAA domestic debt ratings
- Over 1 GW of the contracted pipeline are with sovereign counterparties
Unless India does not make any policy changes, it will not realize the ambitious target of installation of 175 gigawatt of renewable energy capacity by 2022, says GlobalData, a leading data and analytics company.
Tata Power, India’s largest integrated power utility hosted the 2nd Annual Distribution Utility Meet, 2018 today in Mumbai. The event was inaugurated by Mr. Arvind Singh, Principal Secretary – Energy, Government of Maharashtra in the presence of Mr. Praveer Sinha, CEO & MD, Tata Power and Mr. Reji Kumar Pillai, President, India Smart Grid Forum.
- Azure Power has one of the largest solar portfolios in IndiaAzure Power has one of the largest solar portfolios in India
- The Company’s 2GW+ pipeline has a weighted average tariff ~17% higher than the lowest solar bid in the market
- With the recent equity and debt financings, Azure Power is one of the best capitalized solar companies in India
In July this year, KREDL had floated a tender for the allotment of 150 MWAC (50 MWAC x 3 Blocks) Grid-Connected Ground Mounted Solar Photovoltaic Projects to be implemented in Pavagada Solar Park in the state of Karnataka on “Build-Own-Operate” basis for the procurement of solar power by BESCOM for a period of 25 years.
Giriraj Renewables has bagged all the 3 available blocks, 3 X 50MW project capacities at a tariff of INR 2.92/ unit.
As per the tender, the Bidder could quote for a minimum capacity of 50MW and in multiples of 50 MWAC for multiple projects (“Projects”), for a maximum capacity of 150 MW, subject to the Bidder meeting the Technical Capacity and Financial Capacity as mentioned in the RFP. The maximum allowable capacity to be developed in a Block was limited to 50 MWAC only.
The Projects will now be developed by Giriraj Renewables on a pre-identified land parcel inside the Pavagada Solar Park, i.e. blocks B22, B39 and B40A. The maximum solar power output from a project at the delivery point will be limited to a maximum of 50 MW at any time block of the day that can be scheduled.
Fourth Partner Energy, India’s leading distributed solar energy company has commissioned a 980-kWp carport for ŠKODA AUTO India Private Ltd. at their manufacturing facility in Aurangabad, Maharashtra.
In order to promote use of renewable energy and to increase income of farmers, the Central Government has contemplated a scheme called ‘Kisan Urja Suraksha evam Utthaan Mahabhiyan’ (KUSUM).
In addition to KUSUM scheme of the Central Government and in order to achieve multiple objectives of addressing the energy requirement of farmers, empowering rural economy and to reduce financial stress on DISCOMs, the Gujarat State Government had decided to utilize solar resources available in the State for the benefit of the farmers and accordingly notified the Scheme “Suryashakti Kisan Yojna (SKY)” to be implemented on pilot basis.
The scheme is to be implemented on pilot basis, on 137 numbers of agriculture feeders covering 12400 numbers of agriculture connections having aggregate load of 1,42,000 HP in 33 Districts of the State. Under Pilot scheme, it is estimated that solar PV panels of aggregate capacity of 175 MW will be installed in the field of farmers with estimated cost of Rs. 900 Crore.
The commission decided to support the implementation of “Suryashakti Kisan Yojna” (SKY) as a pilot project. As submitted by the petitioner, DISCOMs, that the scheme is being implemented on 137 number of agricultural feeders covering 1,24,000 numbers of agricultural connections in 33 district of the State with a proposed investment of Rs. 900 crores. Since this scheme is being implemented for the first time and as a pilot project, the Commission has advised the licensee to go in for lower number of feeders say, 50 feeders or so and conduct cost benefits analysis after the results of two quarters and then implement the scheme based on the results.
The Commission said that this scheme is being implemented in the interest of farmers and therefore the Commission is also concerned that the farmers must get the benefit of this scheme. Accordingly, the Commission allowed 4 State owned DISCOMs to implement the scheme as a pilot project subject to compliance of the following directions:
- This scheme will be optional for participation by the farmers.
- Information booklet covering all the details regarding the scheme in simple Gujarati language should be provided to all participating farmers/ consumers.
- For redressal of any grievance arising out of this scheme, a nodal officer shall be designated by the DISCOMs at the Division level. If the grievances are not addressed by the nodal officer within 30 days, the grievances shall be transferred to CGRF for necessary speedy resolution as per the Regulations.
- The licensee shall submit details of number of feeders, number of farmers who opted for the scheme, energy purchased from farmers, amount paid to farmers, losses in selected feeders, cost and benefit of the scheme etc. to the Commission after the end of the current financial year.
- After receiving the above details, the Commission shall take a final view on the proposal of the petitioner to charge a tariff of Rs. 3.50/Unit for net energy consumed by the farmers, in order to protect the interest of farmers. Till such time the Commission decides, the licensee shall charge the regular tariff as applicable to relevant category.
As per the Scheme, DISCOMs will purchase surplus power at fixed tariff of Rs. 3.50/Unit applicable for 25 years. Further, the Government will provide Evacuation Based Incentive (EBI) at Rs. 3.50/Unit during initial loan repayment period of 7 years. Thus, after completion of 7 years, farmers will get Rs. 3.50/Unit.
The DISCOMs had petitioned that in the State of Gujarat, the share of supply of electricity to agriculture sector accounts for about 27% of total electricity supplied by four State owned Distribution Licensees against which revenue contribution from agriculture sector is about 3% of total revenue of four State owned Distribution Licensees towards supply of power to all categories of consumers.
As of now there are around 15 Lakh agriculture consumers connected with the grid and around 2.11 Lakh applications for agriculture connections are pending for new connections. DISCOMs are making concerted efforts for release of agriculture connections by setting target for release of more than 1 Lakh connections every year. Despite achieving the target of release of agriculture connections, large number of applications are still pending due to addition of fresh applications every year.
Also the power supply to agriculture connections is highly subsidized at Rs. 0.60/Unit as against Average Cost of Supply of Rs. 6.00/Unit. The difference between recovery from agriculture consumers and Cost of Supply is mainly met from Government Subsidy and Cross subsidization by other consumers.
SECI has extended the bid deadline for setting up of 750 MW Grid-connected Solar PV Power Projects in the State of Rajasthan. The tender was issued on 3 Aug 2018. The bidding deadline has now been extended to 22 Nov 2018.
As part of the Government of India’s target to achieve a cumulative capacity of 100GW Solar PV installation by the year 2022, SECI had invited proposals for setting up of grid connected Solar PV projects in the State of Rajasthan on “Build Own Operate” (B-O-O) basis for an aggregate capacity of 750 MW.
The PPA was to be signed by SECI for a period of 25 years. Power procured by SECI from the above Project will be sold to the State Buying Entity, i.e. Rajasthan Urja Vikas Nigam Limited (RUVNL).
The maximum tariff payable to the Project Developer is fixed at INR 2.93/ kWh for 25 years.
The developer has to mention the expected capacity utility factor (CUF) during bidding. The CUF for the Project shall remain unchanged for the entire term of the PPA. The declared annual CUF shall in no case be less than 17%. The developers will have to maintain generation so as to achieve annual CUF within + 10% and -15% of the declared value till the end of 10 years from COD, subject to the annual CUF remaining minimum of 15%, and within +10% and -20% of the declared value of the annual CUF thereafter till the end of the PPA duration of 25 years.
If for any contract year, the developer fails to generate minimum energy corresponding to the value of annual CUF within the permissible lower limit of CUF declared by the developer, on account of reasons solely attributable to the SPD, such shortfall in performance shall make the solar project developer (SPD) liable to pay the compensation provided in the PSA (Power Sale Agreement) as payable by SECI to Buying Utility(ies) or the Discoms and shall duly pay such compensation to SECI to enable SECI to remit the amount to them.
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given ex-post facto approval for moving a Resolution in the first Assembly of the International Solar Alliance for amending the Framework Agreement of the ISA for opening up the ISA membership to all countries that are members of the United Nations.
Opening the membership of the ISA will put solar energy in global agenda with the universal appeal for developing and deploying solar energy. It will make ISA inclusive, whereby all member countries that are members of the United Nations could become member. Expanding membership will lead to ISA initiative benefitting the world at large.
Delhi Power Minister Inaugurates Next Phase of BSES Solar City Initiative
- Delhi Power Minister Inaugurates Next Phase of BSES Solar City Initiative– ‘Solarise Shakur Basti’ Launched after extra ordinary success of Phase one in Dwarka.
- Shakur Basti area is home to important colonies like Paschim Vihar & many apartment complexes. Area has a solar roof top potential of around 15 MWp
- BSES is targeting around 5 MWp roof top solar by 2019-2020 in Shakur Basti area.
- Around 100 CGHS/ apartment complexes have signed-up in Phase one (Solarise Dwarka)•BSES has energised over 1000 (~ 45 MWp) roof top solar net metering connections
After the extraordinary success of BSES Rajdhani Power Limited’ (BRPL) Solar City Initiative –‘Solarise Dwarka’, which has seen around 100 societies / apartment complex in Dwarka showing interest and signing-up for the initiative, the discom has now launched next Phase ( phase two) of the program.
The phase two-of BRPL’ Solar City Initiative – ‘Solarise Shakur Basti’ was launched by Delhi’s Hon’blePower Minister Mr Satyendar Jain, today. Other important dignitaries present on the occasion,included senior officials from Delhi Government, EE&REM (Energy Efficiency and Renewable Energy Management Centre), TERI (The Energy and Resources Institute), Deutsche Gesellschaft fürInternationale Zusammenarbeit (GIZ) GmbH, along with West Delhi residents. BRPL team was led byits CEO Mr Amal Sinha.
Commenting on the launch of phase-two, BRPL CEO Mr Amal Sinha said, “Solar energy is emerging asCommenting on the launch of phase-two, BRPL CEO Mr Amal Sinha said, “Solar energy is emerging asan important tool in our quest for sustainable growth. In a bid to realise its full potential, BSES isleading the efforts for its wide-spread and accelerated adoption in the national capital. Our Solar Cityinitiative is promising to be a game-changer. Besides promoting adoption of solar, the initiative is awin-win proposition for both the consumers and the discom alike. The huge response to Phase one andthe launch of phase-two of the initiative is a testament to this.”
“The program also aims to educate consumers about the benefits of solar energy while ensuring strictquality compliance of the systems being installed. It is also facilitating various finance options availableto the consumers”- added Mr Sinha.
Phase two: Solarise Shakur Basti
Apart from JJ Clusters, the Shakur Basti area is home to several colonies like Paschim Vihar andapartment complexes like IFCI, Saakshara, Matriyi, Navbharat, Pragati, Priyadarshani, DDA Flats andhas a substantial roof-top solar potential of around 15 MWp. BRPL is targeting to realise around 5MWp of roof-top net metering from the area by FY 2019-2020.
Phase one: Solarise Dwarka Phase one: Solarise DwarkaThe extra ordinary response of the Phase one of the Solar City Initiative – ‘Solarise Dwarka’ is thetrigger for phase two. Under Phase one, around 100 societies have shown interest and signed-up forthe initiative for installing solar capacities of ~ 6 MWp. Of these, around 25 societies having installedsolar capacity of ~1.5 MWp – have already been energised / or are about to be energised. The work atthe remaining societies is at different stages.
Benefits (Consumers): Roof-top solar is helping consumers, not only to reduce their electricity bills, but also do-their bit forthe environment. Moreover, consumers opting for the RESCO business model don’t have to incur anycapital expenditure, as the model entails providing electricity as a service at a cost identified throughcompetitive bidding, which in the case of Dwarka residents was Rs. 2.66/kWh net of generation basedincentive and is around Rs.2.50/kWh less than the electricity tariff. The bidding in the above case wasadministered by SECI (Solar Energy Corporation of India) and Indraprastha Power Generation CompanyLimited.
Benefits (Discom):Besides helping BRPL in meeting its renewable purchase obligation (RPO), the pioneering initiative willhelp the discom minimise overloading issues in congested areas during the peak summer months. Itwill also help us in achieving CAPEX deferment for line replacement and unplanned grid up-gradationintermittently.
BSES is at the forefront of leading the solar revolution in the city and sees unique benefits of addingBSES is at the forefront of leading the solar revolution in the city and sees unique benefits of addingdistributed generation in its network. In a short span, BSES has energised a record of over 1000 rooftopsolar connections – with a sanctioned solar capacity of around 45,000 KWp (~ 45 MWp).
Moreover, thisblazing pace is likely to continue in BSES’ area and by the end-of-year, the total number is roof topsolar net metering connections is likely to cross 2,000 with a sanctioned solar load of around 80 MWp.
BRPL’ Solar City Initiative is India’s 1st utility anchored solar rooftop consumer aggregation program for residential consumers. Solar City Initiative is a path breaking initiative that aims to maximize the utilisation of solar roof toppotential. Unlike conventional methods, under this program, roof top solar installations are provided at a single point for the entire apartment complex. BRPL & BYPL are premier distribution companies and Joint Ventures between Reliance Infrastructure Limited and GoNCT.