⚡ Quick Read What happened: The MNRE has approved a 500 MW pilot Contracts for Difference (CfD) program, while the CERC finalized the ‘X’ value for the 2024 Deviation Settlement Mechanism (DSM) regulations effective April 2026. Why it matters: The CfD pilot introduces a new revenue stability model for developers, and the DSM updates clarify…
⚡ Quick Read What happened: TrueRE Oriana Power signed a 10-year agreement with SECI to supply 60,000 tonnes of green ammonia annually at INR 52.25 per kg, totaling INR 3,135 crore. Why it matters: This deal validates the SIGHT programme’s effectiveness in providing long-term revenue certainty for green hydrogen and derivative projects in India. Watch:…
⚡ 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…
⚡ Quick Read What happened: SECI has signed six agreements to supply 670,000 TPA of green ammonia to fertilizer units, part of a 724,000 TPA allocation, with tariffs ranging from ₹49.75 to ₹64.74 per kg. Why it matters: These 10-year agreements provide the long-term demand certainty required for developers to achieve financial closure for large-scale…
⚡ Quick Read What happened: ACME Group signed a 10-year, INR 20,000 crore green ammonia purchase agreement with SECI for 370,000 tpa capacity. Why it matters: This deal validates the commercial viability of the SIGHT scheme and provides long-term demand certainty for large-scale green hydrogen projects. Watch: The operational progress of the Odisha facility and…
⚡ Quick Read What happened: NTPC Renewable Energy has signed a Green Ammonia Purchase Agreement (GAPA) with SECI to supply 70,000 tonnes per annum to Krishna Phoschem in Madhya Pradesh at a cost of INR 51.80 per kg. Why it matters: The deal marks a significant milestone for the SIGHT scheme, validating the commercial viability…
⚡ Quick Read What happened: Potaliya Petrochemicals and Kishan Infrastructure Industries secured 17.77 MW of rooftop solar capacity in Puducherry at a tariff of ₹4.11/kWh. Why it matters: The tariff discovery and ongoing regulatory shifts in Maharashtra, Madhya Pradesh, and Jharkhand signal evolving cost structures for C&I and utility-scale developers. Watch: The upcoming April 13…
⚡ Quick Read What happened: Potaliya Petrochemicals and Kishan Infrastructure Industries won a SECI auction to install 17.77 MW of rooftop solar on government buildings in Puducherry at a tariff of ₹4.11/kWh. Why it matters: This project highlights the continued push for rooftop solar integration in government infrastructure, offering specific EPC opportunities for design, engineering,…
⚡ Quick Read What happened: JSW New Energy has commissioned a 3,600 TPA green hydrogen facility at the Vijayanagar Steel complex in Ballari, Karnataka, powered by 27 MW of renewable energy. Why it matters: This is the first project commissioned under the National Green Hydrogen Mission (NGHM) Mode-1, Tranche-I, marking a critical milestone for industrial…
⚡ Quick Read What happened: The CERC has officially adopted a tariff of ₹2.45/kWh for SECI’s 1,200 MW solar capacity under the CPSU program, rejecting SECI’s request for a higher ₹2.57/kWh rate. Why it matters: The ruling reinforces the sanctity of competitive bidding processes and sets a precedent for how ‘change-in-law’ claims regarding GST must…