CERC Adopts Tariffs for Hybrid Projects

30 Jul 2024 CW Team

The Central Electricity Regulatory Commission (CERC) has recently adopted new tariff guidelines for hybrid energy projects in India, marking a significant step towards promoting the integration of renewable energy sources. These new tariffs are designed to enhance the feasibility and financial viability of hybrid projects, which combine multiple renewable sources like solar and wind to generate electricity more efficiently.

Under the updated tariff structure, hybrid projects will benefit from a more streamlined process and potentially better financial terms. This move is part of India?s broader strategy to accelerate the transition to renewable energy and achieve its ambitious clean energy targets. By adopting these tariffs, CERC aims to make hybrid energy projects more attractive to investors and developers, thereby increasing their deployment across the country.

Hybrid energy systems offer several advantages, including improved reliability and consistency of power supply by combining different energy sources. This helps to address the intermittency issues associated with individual renewable sources. The new tariff structure is expected to incentivize the development of these systems, contributing to a more stable and resilient energy grid.

The guidelines also align with India?s commitment to scaling up its renewable energy capacity and reducing greenhouse gas emissions. By setting clear tariff rates, CERC is providing greater clarity and support for stakeholders in the renewable energy sector, which is crucial for meeting the country?s sustainability goals.

Overall, the adoption of these tariffs is a positive development for the renewable energy sector, fostering growth and investment in hybrid projects and supporting India?s transition towards a cleaner energy future.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..