MNRE Launches 500 MW Pilot CfD Program to Boost Market-Based RE
⚡ Quick Read What happened: The MNRE has approved a 500 MW pilot Contracts for Difference (CfD) program, managed by SECI, to supply 1,500 MWh of power daily during non-solar hours. Why it matters: This mechanism offers developers revenue certainty through a strike price while allowing participation in power exchanges, reducing reliance on traditional long-term…