With the current equity investment, Avaada—which has secured power purchase agreements of about 1,700 MW—is well funded to exceed capacity of 2 GW.
State-run utility Indraprastha Power Generation Company Limited will install solar rooftop plants at 30 school buildings, with capacity of one megawatt in all.
The state has decided to withdraw almost all incentives available to open access solar, including exemption from electricity duty and distribution losses for projects injecting power at 33 kV or below. The policy reversal—clearly to appease state discoms—is likely to impact capacity addition.
The Ministry of New and Renewable Energy has addressed complaints by solar developers about a lack of power evacuation infrastructure by changing its solar park guidelines. Under the new rules, though, developers are likely to incur higher costs.
The deadline for SECI’s latest attempt to incentivize Indian solar manufacturing by offering generation capacity has come and gone. The government body’s attempts to kick-start domestic production have thus far made little headway.
As part of the viability gap funding scheme for 12 GW of new solar, SECI has invited bids for setting up of 2 GW of grid-connected solar PV projects. The projects, to be developed on ‘build, own, operate’ basis, can be located anywhere in India for self-use or use by government entities at maximum fixed tariffs of Rs 3.50/kWh. The deadline for bid submission is May 3.
Tata Power Delhi Distribution Limited (Tata Power-DDL) has partnered with European firms Enedis, Schneider Electric, Odit-e and VaasaETT to implement a 1MW smart grid pilot in India, which would be insulated from any blackout in the main grid.
The latest government initiative that offers central financial assistance for Group Housing Societies and Residential Welfare Associations would help better adoption of rooftop solar among residential power consumers, which account for only around 9% of the total rooftop solar systems installed in the country (against almost 70% by industrial and commercial users).
Utility-scale solar power capacity will grow by double digits globally in 2019 and 2020, driven by expansions in the United States, Europe, Middle East and China.
The municipal council of Karimnagar has mandated rooftop solar on new buildings of a certain size as part of the Ministry of New & Renewable Energy’s Smart City Mission, which requires 10% of municipal energy to be generated from solar.
GE Renewable Energy will implement, in the state of Rajasthan, an advanced grid management project that will provide real-time data monitoring to better understand current and future energy usage and enable transmission of renewable energy based on demand.
The old system of regulating frequency on electricity grids with the help of the inertia provided by large spinning masses is under threat from wind, solar and batteries. But what will replace inertia-based control, and how will the transition work?
Brussels-based SolarPower Europe and the National Solar Energy Federation of India (NSEFI) have signed a Memorandum of Understanding (MoU) for cooperation on operation & maintenance (O&M), installation quality, digitalisation and storage.
Aiming to localize production across the electric vehicle value chain, the government will support battery manufacturing at a gigawatt-scale. The initial focus will be on large-scale module and pack assembly plants by the next fiscal year, followed by integrated cell manufacturing by 2021-22.
The chief executive of Britain’s Proinso suggested slashing the length of power supply contracts from 25 to just five years could be a significant setback for Indian solar, and said the solution could be a hybrid agreement incorporating fixed and spot prices.
India needs a manufacturing policy that is scalable, secure, strategical and supportive and promotes both the growth and spread of solar while protecting the interests of domestic manufacturers.
In a move to promote indigenous manufacturing, the government has doubled the basic import duty on lithium ion cells—used in manufacturing of lithium ion accumulator for EVs—to 10 per cent from April 2021. Battery packs used in manufacturing electric vehicles face tripled import duty of 15 per cent as against the current 5 per cent.
The revenues of Switzerland-based Leclanché have increased more than 2.5 times to exceed CHF 47 million in 2018 compared to CHF 18 million in 2017.
Following New Delhi based Urja Global, Singapore-based Ojovati and another Delhi-based company Avanze Inventive have signed memorandums of understanding (MoUs) for manufacturing of Lithium-ion cells and batteries in the state, respectively.
The president of India has approved the Rs 8580 crore viability gap funding (VGF) support for state-run generators to set up 12 GW of solar projects using domestically-made equipment over the next four years.
The German giant – which manufactures central inverters near Mumbai – announced plans last week to acquire Kaco and start a new smart infrastructure business from April 1. In light of those moves, pv magazine spoke to IHS Markit’s Cormac Gilligan about the new kid, albeit huge, on the block.
The organization responsible for coordinating India’s push for 100 GW of new solar capacity by 2022 has had a busy week. But, as last year illustrated, tenders alone are not always a guarantee of new generation assets.
State-owned Bharat Heavy Electricals Limited (BHEL) has installed the first solar electric vehicle (EV) charging station in the upcoming network on Delhi-Chandigarh Highway.
The German powerhouse – which makes central inverters for PV projects in India – wants to complete the acquisition by July. Indian employees will be hoping target company Kaco’s disposal of its central inverter operation last month will avert job losses by removing any potential overlap between the manufacturers.
New Delhi based Urja Global will set up an integrated plant for electric vehicles and Lithium-ion batteries at an investment of Rs 200 crore. The announcement comes hot on the heels of US-based Tecchren Batteries’ Lithium-ion venture in the state.
The last 10 years have seen India emerge as a solar superpower, setting an example from which many emerging countries in Africa and Southeast Asia are eager to learn.
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.
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.
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 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.
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