Top News

Lakshadweep’s renewable with storage tender set for January 31

India’s Solar Energy Corporation of India (SECI) will float a global tender to develop renewable energy projects coupled with battery energy storage system across the 11 islands of the union territory of Lakshadweep.
Installations

Hyper low costs ensure clean energy investment fell in India last year

The nation still managed to attract around $11.1 billion for renewable energy in 2018, to be the world's fifth most attractive destination for funds, according to new figures compiled by BloombergNEF.
Installations

SECI tenders 1.2 GW with upper tariff cap of Rs 2.65/kWh

SECI has issued a 1.2 GW solar tender for ISTS-connected projects with an upper tariff ceiling of Rs 2.65 ($0.038)/kWh.
Energy Storage

Tecchren joins the race to make lithium ion batteries in India

Tecchren Batteries will establish a 200 MWh LiFePO4 battery manufacturing unit at Sri City in the state of Andhra Pradesh. Set up after an investment of Rs446 crore, the unit will produce approximately 700,000 li ion batteries per year.
Installations

Indian solar is coming up on the rails of China and the US

Taiwanese market research company EnergyTrend says the 5/31 policy change in China last year had a less dramatic effect on global demand than expected and, with the Modi government introducing solar-friendly policies, India – and Japan – will close t...
Installations

UAE minister and OPEC chief says IRENA’s solar forecasts for Gulf nations will prove conservative

With the International Renewable Energy Agency’s number-crunchers predicting almost 5.4 GW of new solar across the six Gulf Cooperation Council nations today, Suhail Mohammed Faraj Al Mazroui said his nation alone would install 6-7 GW of new renewables...
Markets & Policy

Investment funds scramble to acquire Indian giant’s 1 GW assets

Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are reported to be among those eyeing the renewable energy assets of debt riddled Infrastructure Leasing and Financial Services.
Markets & Policy

Suzlon sells subsidiary to Canadian firm AMP Solar

Suzlon has sold its majority stake in Rudra Solarfarms for Rs 142.10 million. It had set up the subsidiary, in partnership with AMP Solar, in order to execute a 15 MW solar project in Telangana.

Markets & Policy

Featured

BHEL wins 129 MW solar project in Telangana state

Government-owned Bharat Heavy Electricals Limited has won an EPC order for setting up the solar PV power plants across four locations.

PV rooftop simulators may unlock solar growth in developing cities

IRENA says technologies for 3D rooftop footprint generation and solar irradiation modelling are becoming increasingly cheap, making them suitable for deployment anywhere in the world. Developing cities could access such technical resources to plan rooftop PV development.

Planned 5 GW Ladakh solar plant will be ‘the world’s largest’

Known as the “roof of the world,” the scenic Ladakh region in the Indian state of Jammu and Kashmir will soon host the world’s largest single-location PV plant.

China unveils an ambitious new push on grid parity solar

Beijing has outlined a series of policies mandating local and provincial authorities, state-owned banks and grid operators to pull out the stops to drive the rapid escalation of subsidy-free PV projects. The announcement has seen Chinese solar stocks on the rise.

Sodium-nickel-chloride battery could fit the bill for India

The new ‘cerenergy’ system that has been developed in Germany can operate without air conditioning by using vacuum insulation even in extreme temperatures. With no rare earths required for manufacture, the product’s basic material is salt.

Adani to build 5 GW data center parks in Andhra Pradesh

The Gujarati multinational will invest Rs700 billion to set up world’s first 100% renewable powered data center parks in the state.

Installations

Featured

Renewable capacity in India set to jump by 50% in 2019

India is set to add renewable energy capacity of 15,860 MW in 2019, a leap of 50% on the 10,560 MW installed last year. Around 70% – 10,902 MW – of the new capacity will come from utility-scale solar projects, according to Bridge To India analysts.

Macquarie, NTPC in race to buy IL&FS assets

India’s leading infrastructure finance company IL&FS expects up to Rs 80 billion from wind and solar asset sales.

Gujarat expects Rs500 billion worth of renewables MoUs

The state, which plans to add 3 GW of renewable capacity annually, will host the ninth edition of the Vibrant Gujarat Global Summit, which opens in 11 days’ time.

India will tender 500 GW renewable capacity by 2028

Of the colossal sum, 350 GW would be for solar. India currently has installed renewable energy capacity of 75 GW with a further 46 GW under implementation.

India can lead the way in distributed solar – GOGLA interview

India contributed to one-third of the global sales of distributed solar products during January-June 2018. Indian manufacturers can further leverage the International Solar Alliance (ISA) platform to engage with the global market, says Viraj Gada, GOGLA’s India regional representative and spokesperson for The India Distributed Energy Forum and Expo (IDEF), in an interview with pv magazine ahead of the event on January 30 and 31 in New Delhi.

Oakridge raises residential solar rooftop funding from Dutch investor

Dutch lender Oikocredit has extended India’s first residential solar rooftop line of credit through its Indian subsidiary Maanaveeya Development & Finance

Technology

Featured

Indian panel data could transform PV monitoring processes

Researchers say the use of clustering-based computation could remove the need for on-site inspections of panels by instead enabling real-time monitoring of degradation using only meteorological data.

Focus on scalability of energy storage – minister Suresh Prabhu

In his keynote address at a Make in India session at the Energy Storage India 2019 event in New Delhi, the minister for commerce and industry urged the storage sector to make products that are useful in an Indian context.

India would gain from differential electricity tariffs

More flexible prices during peak periods would incentivize the use of energy during times of lower demand and reduce the burden on the grid, according to a report by IEEFA. Day-ahead market pricing would better incentivize variable generation to ‘kick in’ at times of peak demand.

Energy Storage: 2019 will be a year of opportunities

With the announcement of a National Energy Storage Mission expected this month, 2019 is set to be a year of manufacturing and research and development opportunities in India’s storage sector

The long read: New technologies move to the back

The tension between the cost cutting and performance boosting opportunities presented by new technologies and the tendency for risk aversion is never more evident than in PV module materials. This applies nowhere more than in backsheets, where new innovations are big on promise, but must convince manufacturers and the market of their long-term performance.

India floats mega tender of 7.5 GW for Jammu & Kashmir

India’s Solar Energy Corporation of India has invited solar power developers to construct 7.5 GW grid connected projects in Leh and Kargil Districts in the state of Jammu & Kashmir under a competitive bidding process. Bid submission deadline is April 30. Tenders will be opened on the same day. The date of reverse auction will be advised at a later date.

Manufacturing

Featured

NSEFI proposes renewable energy export body

The National Solar Energy Federation of India submitted the proposal to the Commerce Ministry in December and expects approval for a Renewable Energy Export Promotion Council in the next few months.

Government moots list of approved PV models and manufacturers

Products and companies which fail to make the list will be excluded from a wide range of government-backed projects. The list is set to apply from the end of March 2020 but new tenders will incorporate listing requirements from now on.

The long read: Fit for the 21st century

Co-extruded backsheets are opening up novel circular possibilities for the solar industry, as well as driving durability and lowering costs, writes Netherlands-based materials specialist DSM.

Auroville search engine will crowdfund solar power for 100 villages in Tamil Nadu

Sustainable development expert Auroville Consulting has launched the Solar Village Search Engine to help fund its Solar Village Initiative, which aims to power 100 villages in Tamil Nadu with solar by the year 2030.

Exide Industries JV partner gets debt restructuring lift

Swiss battery maker that intends to bring production lines to Gujarat has been helped along in a planned reduction of its debt pile by its domestic authorities. The way is now clear for a shareholder vote next Tuesday.

Exide Industries JV partner prepares for debt restructuring

Historic Swiss brand Leclanché is on an expansionist trail, notably in India and low-carbon shipping, but restructuring its debts will involve ceding even more control of the venerable company to institutional investors.

Energy Storage

Featured

Innovation and Make in India at heart of Energy Storage India 2019

The sixth international conference and exhibition on energy storage, electric vehicles and microgrids in India kicked off today in New Delhi. Innovation and Make in India were the central themes.

14 PV trends for 2019

Having reflected on the year gone by, it is time to turn attention to the coming year. Many predictions may not fully, or even partially, bear the fruit they promise – and the unexpected is always lurking in the background – however they can be a useful indicator of certain pathways and growth areas. With this in mind, the pv magazine team has compiled a list of the top 14 solar PV and energy storage trends expected to characterize 2019. What do you think? Have we missed anything?

Intersolar India: EV program must be accelerated, storage on everyone’s lips

For India to achieve its 2030 dreams of fully electrifying its passenger vehicle market, and growing a leading manufacturing industry, its electric vehicle program must be accelerated. Meanwhile, if Intersolar India 2018 had to nominate the most-repeated word at the event, “storage” would win hands down.

India will auction 80 GW of solar, wind capacity by March 2020

The Indian Government plans to tender 60 GW of solar and 20 GW of wind capacity by March 2020. This would complete the planned auctions for its targets of 100 GW solar and 60 GW wind installations by 2022, leaving two years for project execution, according to an year-end review by the Ministry of New and Renewable Energy (MNRE).

The long read: Refreshing blend or toxic technology cocktail?

Battery storage is racing even faster than the PV market did a few years ago. Costs are plummeting and new production lines are popping up all around the world. Smart people with smart ideas are leveraging venture capital and research funds. M&A activity is also accelerating with a new range of investors taking interest. But the technology battle is far from over, says Ragna Schmidt-Haupt, Partner at Energy Consultancy Everoze.

India could generate all of its power from renewables by 2050

A renewable energy system in 2050 is technically possible and economically viable for India, with the levelized cost of electricity falling from the current €58/MWh (Rs4,626) to €52 under one scenario in a recent report, and to €46 in another that included demand for power, water desalination and non-energy industrial gas sectors.

Opinion & Analysis

Featured

Flexing India’s energy system

India has set exceptionally ambitious renewable energy targets including 175 gigawatts (GW) of renewables by 2022, 275GW by 2027, and to achieve 40% of electric power installed capacity from non-fossil fuels by 2030. India seeks to tender another 80GW of renewables in total over the coming two years.

Opening green windows for an inclusive clean energy transition: Future financing tools

In recent years, the Ministry of New and Renewable Energy (MNRE) has laid the foundation for a clean energy expansion through robust policies and initiatives. India’s solar energy capacity has jumped a thousand-fold from a mere 17 MW in 2010, to more than 23 GW in 2018. Similarly, the wind market has more than doubled in recent years, from around 13 GW of installed power in 2010, to 34 GW by June 2018. These developments help move India closer to its ambitious clean energy goal of 175 GW installed capacity by 2022. However, in spite of several public financial institutions, private banks, and non-banking financial companies (NBFCs) providing capital, financing remains a key barrier in scaling India’s clean energy markets further.

Renewables 2.0: Preparing for the new complexity of renewable energy in a post-subsidy world

As the deployment of renewable energy continues to expand around the world, driven by various inputs, such as capital allocation and investment, falling capital costs, competitive LCOE and various policy mechanisms, we are now moving towards a new era for renewable energy. ‘Renewables 2.0’ will have significant, wide-ranging consequences for all market players, as regulators reduce their support and power producers seek new revenue models. In this article, Duncan Ritchie, partner at Apricum – The Cleantech Advisory, will look at the key market developments for renewables, explode the myth of grid parity, highlight the need for flexibility and explain the importance of new financing solutions that are capable of meeting the new complexities brought about by ‘Renewables 2.0’.

India’s trade war will have global repercussions

India is currently the second largest market in the world for PV module demand. With China’s domestic demand frozen since the 31/5 notification, the country’s total module demand in 2018 will likely only achieve 32-34 GW. This will allow India, which may surpass 10 GW in annual demand, to reach 13% of global PV demand this year. As a result, the future of India’s trade war has become an influential factor in the global PV industry.

The sun shines brighter if the risks don’t cloud it

Finance in developing countries: Economics teaches that capital flows from where it is in surplus to where it is in demand. But that is not the case with renewable energy. The biggest pots of institutional capital in advanced economies are not shifting to developing ones. It is time to take a hard look and develop solutions that resolve this anomaly.

Greening India for a sustainable tomorrow

Actions taken today in the pursuit of environmentally sustainable and socially inclusive growth path in India stand to benefit more than 17 percent of the world’s population. A sustainable future for India carries an impact for the subcontinent and the entire world. At GGGI – the Global Green Growth Institute – our attention is captured […]

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Press Releases

Magenta Power launches new AC charger series for EVs

Magenta Power has launched an end-to-end AC charging platform for electric vehicles under “ChargeGrid Pro” series. Claimed to be an innovative solution to the EV charging infrastructural problems in India, the new chargers are designed for easy installation.

Exicom wins IESA’s EV Infrastructure Company of the Year Award

Exicom has been adjudged as 'EV Infrastructure Company of the Year' at India Energy Storage Alliance (IESA) Industry Excellence Awards 2019 held at 6th Energy Storage India conference and expo.

REC Group doubles solar panel warranty duration

Applicable to all deliveries since October 1, 2018, REC has doubled the solar panel warranty duration from 10 to 20 years across the TwinPeak and N-Peak high performance range, and reduced the annual power degradation of the panels.

Tata Power wins ICSI CSR Excellence Award for the year 2018

The company was recognised for its outstanding contribution in fueling inclusive growth in community development and empowerment.