⚡ Quick Read What happened: The Supreme Court dismissed an appeal by Andhra Pradesh DISCOMs, ruling that Generation-Based Incentives (GBI) for wind power must be paid in addition to the tariff and cannot be adjusted by regulators to reduce payouts. Why it matters: This verdict prevents state regulators from clawing back central government incentives, securing…
⚡ Quick Read What happened: The CERC has granted TEQ Green Power XI (O2 Power) a one-month extension to commission the remaining 10.8 MW of its 151.2 MW wind project and inject infirm power. Why it matters: This ruling highlights the regulatory flexibility available to developers facing project delays due to external factors like right-of-way…
⚡ Quick Read What happened: ACEN India has secured ₹7.52 billion (~$80.15 million) from MUFG and SMBC to finance a 100 MW wind power project in Bijapur, Karnataka. Why it matters: The project, which has a PPA with SJVN, highlights the continued appetite of international banking institutions for large-scale wind infrastructure in India. Watch: Construction…
⚡ Quick Read What happened: Dalmia Cement (Bharat) has invested ₹44.2 million to acquire a 26.6% stake in Ventora Energy, an SPV of Ultra Mega Power, to source 8.1 MW of captive wind power in Tamil Nadu. Why it matters: This move highlights the growing trend of large industrial consumers utilizing the group captive model…
⚡ Quick Read What happened: Terra Clean, an IOCL subsidiary, has issued a tender for a 100 MW intrastate-connected wind project in Gujarat, requiring a 10-year O&M contract and 23-month completion timeline. Why it matters: This turnkey project offers a significant opportunity for experienced wind EPC contractors to expand their portfolio in the high-potential Gujarat…