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1.Green mega power projects on the anvil

The government is planning large renewable energy projects like the coal-based ultra-mega power projects (UMPPs) through the public private-partnership route.

2.MNRE directs the release of PBGs within 45 days after project completion

Reportedly, the Ministry of New and Renewable Energy (MNRE) has instructed NTPC and Solar Energy Corporation of India (SECI) to release performance bank guarantees (PBGs) for all the commissioned wind and solar power projects. The PBGs can be released in the span of 45 days from the commercial operation date (COD), on the condition that all required submission of necessary documents is fulfilled.

3.NHPC signs MoU with Assam to develop 2 GW hydroelectric project

In a bid to develop the Subansiri lower hydroelectric project, the Government of Assam and the National Hydro Power Corporation (NHPC) have come together to sign a Memorandum of Understanding (MoU).

4.Power discoms owe dues worth Rs 68 billion to renewable energy developers

Central Electricity Authority (CEA) stated that power distribution firms throughout the country owed dues amounting to approximately Rs 68.72 billion to renewable energy developers

5.MNRE’s launches State Rooftop Solar Attractiveness Index; Karnataka ranks 1st

RK Singh, Union Minister of State for Power and New & Renewable Energy (IC) and Skill Development & Entrepreneurship, has launched the State Rooftop Solar Attractiveness Index – SARAL

6.MNRE approves 12 GW solar scheme for PSU

The Ministry of New & Renewable Energy (MNRE) has sanctioned the second phase of the Central Public Sector Undertakings Scheme, which aims to drive 12 GW of solar capacity to generate power.

7.1.2 GW renewable energy storage tender issued, encourages solar energy mission

In a bid to boost Prime Minister Narendra Modi’s enterprising goal of achieving up to 175 GW of energy – relying solely on renewable sources – the government has yet again floated a renewable energy storage tender. A major chunk of the goal, amounting to 100 GW is dedicated to solar power.

8.Boost for capital availability for infra projects

SBI, NIIF join hands to provide greater thrust to infra financing

9.Powerful Lead!

ReNew Power’s corporate office in Gurugram—ReNew.Hub—has been conferred the LEED Gold Certification by USGBC.

10.Renewable energy to be a separate segment?

The Ministry of New and Renewable Energy (MNRE) has reportedly made a decision, to request the Reserve Bank of India (RBI) to categorise renewable energy into a separate segment from power, and remove the priority sector lending limit for the sector to ensure higher financing.