Top News

NTPC tenders 1.2 GW of grid connected solar capacity

The projects, in Maharashtra, will be commissioned through a reverse auction with technical bidding to close on December 19. The deadline for the submission of financial bids and the date for the reverse auction after the opening of financial bids, will be published in due course.
Markets & Policy

Extent of India’s new utility-scale solar has almost halved in six months

India added 1.2 GW of large-scale projects in the third quarter of 2018-19, taking new capacity in the first half to 1.9 GW. The numbers are down 43% and 44%, respectively, on the same periods of the previous year, according to Bridge to India’s quarte...
Climate Change

India’s energy demand will more than double by 2040 – IEA

The world is witnessing a major shift in energy demand from advanced to developing economies, with demand growing fastest in India - according to the International Energy Agency's (IEA's) latest World Energy Overview.
Announcements

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Markets & Policy

SECI hikes tariff ceiling to lure bidders

Reeling from a no-show from bidders at various auctions, the Solar Energy Corporation of India (SECI) has raised the ceiling price for two of its mega tenders by 10 paise (US$0.0014) each.
Markets & Policy

Tariff tussle grows over pricing of 970 MW project

The Solar Energy Corporation of India (SECI) and Karnataka Electricity Regulatory Commission (KERC) have locked horns over the power pricing of a 970 MW solar project.
Installations

India Power wins Albania’s large-scale solar tender

The Indian company will build a 100 MW solar park in the Akërni salt flats, near Vlorë. A 50 MW section of the plant will sell power to the local distributor at €59.9 per MWh over a 15-year period, while the remaining portion will sell electricity at...
Energy Storage

The weekend read: Getting rolling

The first companies are demonstrating that today it can be worthwhile commercially to back electric vehicles in combination with solar generation and storage. Particularly in the case of public charging stations, solar power used for electric vehicle cha...
Markets & Policy

Solar sector to add 552 GW by 2027 led by China

The leading trio - China, the United States and India - will comprise 70% of the projected 552 GW of solar capacity, which will be added between end-2017 and 2027, finds Fitch Solutions, which has revised down its original forecast for solar capacity gro...
Markets & Policy

India-Taiwan safeguard duty talks hit an impasse

India and Taiwan have failed to reach an agreement at the World Trade Organisation (WTO) over the 25% safeguard duties imposed by India on solar imports. The talks, however, will continue.

Markets & Policy

Featured

Indian PV procurement leapt to 3 GW in October figures

Developers gave short shrift to gloomy predictions about depreciation, protectionism and tax headwinds as tendering and auction figures soared, but they shied away from the tough price caps set for SECI's procurement exercises.

Hits and misses among latest 10 GW solar tender amendments

While the timelines for PV power plant execution and completion of manufacturing facilities are now more realistic, production obligations – especially for capacity utilization – need to be revisited.

SECI director floats idea of further large-scale reservoir PV

With the Solar Energy Corporation of India having already proposed 10 GW of solar be located on artificial bodies of water over the next three years, Shailesh Mishra has mooted ambitious plans at four more locations.

China may raise 2020 solar target to over 200 GW

The target of 105 GW of cumulative installed photovoltaic power, which was originally planned to be achieved by the end of the decade, has already been surpassed. PV Info Link now reports that the 2020 solar target may be revised upwards to between 210 GW and 270 GW.

Solar still gaining as coal’s share of national capacity falls

India saw an increase in PV’s share of national generation capacity in the third quarter, as 2 GW more solar was added despite worries buffeting the industry.

Azure Power agrees Rs2.59 tariff for latest 300 MW project

The developer will supply energy to the NTPC under a 25-year PPA and can build the project anywhere in India, with construction slated to finish in early 2021.

Installations

Featured

Azure commissions 95 MW in Gujarat 5 months ahead of schedule

The 95 MW project is part of a broader 260 MW generation capacity allocation the IPP received from Gujarat Urja Vikas Nigam Ltd. Generated electricity will be sold through a PPA between Azure Power and Gujarat Urja Vikas Nigam Ltd., at a rate of INR 2.67, for a 25-year duration.

SoftBank and Essel to develop 500 MW solar park

A failed association with IL&FS has failed to deter SoftBank from its plan to invest a staggering $1tn in Indian solar by 2030. Now the Japanese funding giant is working with Essel Infraprojects on a 500 MW plant, with further details yet to be revealed.

Falling rupee could threaten Rs28,000 crore of solar projects

As the currency continued to fall today, analysts are concerned developers will see any savings from falling module prices disappear, and lenders may get nervy, putting the national solar target in grave doubt.

Azure Power raises $400 million in debt and equity

Azure Power has raised the capital since June 30th, and says it is “the largest amount of financing raised by a solar power company in India during this period”. Azure says the fund leaves it well positioned to deliver a 2 GW project pipeline.

Solar City Initiative phase two launched in Delhi

The programme allows the installation of solar roof atop apartment blocks, which otherwise could not install such systems. Potential in the area is around 15 MW, of which 6 MW have been signed up for already. Another 5 MW should be developed in this second phase of the project.

India powers ahead as Asia set for 355 GW of PV by 2023

Despite political hurdles in key markets including China and Japan, Asia remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.

Technology

Featured

Just 16 countries on track for climate goals

New research from institutes at the London School of Economics has found a significant gap between what countries declared they would be doing in compliance with the Paris Agreement, and what they have translated into national law three years later. As officials from around the world will flock to Poland next month to negotiate the implementation pathway of the Paris Agreement, this and other new studies draw a dark picture of current performance.

Video: Future PV Roundtable REI 2018

Innovation continues to be a driver of the global PV industry. India is no exception as the sector continues to pursue the ambitious goal of 100 GW by 2022. But what is the latest status of innovative PV power plant componentry, design and execution in India in 2018? And what are key drivers and constraints […]

The long read: Let’s get digital

As price pressure continues to exert its strong grip on the inverter market, digital services make their way into the offerings of manufacturers. The new technologies create the possibility to steadily generate profits, and thus create resilience to market fluctuations. But they also allow the installation of more solar assets, as they cater to the need to improve grid resilience to compensate for intermittent renewable energy.

‘We have proven that software is the essential link on grids’ – Greensmith interview

Following the launch of Greensmith Energy’s new Gridsolv standardized storage solution, which integrates software helpers and standardized architecture for easy installation, pv magazine caught up with CEO John Jung to discuss the state of the storage market and the role of digital services.

‘SECI’s 10 GW solar tender will not attract big developers’

Big players such as Acme, ReNew, Adani, Azure, Hero Future and Aditya Birla Solar are likely to stay away from procurement which requires 3 GW annual manufacturing commitment, says industry insider Gopal Lal Somani.

Hitting 76% of its solar ambition would still be some achievement for India

Analysts are weighing into the debate over the MNRE’s big solar plans, but pointing out that even a partial victory would set the foundation for future solar triumphs.

Manufacturing

The long read: “The potential gain from bifacial easily outweighs the risks”

An unexpectedly large gathering of international bifacial PV experts convened in Denver, USA in early September, at the 2018 bifiPV Workshop to trade notes on the performance of bifacial PV modules, lauded by some as the most promising advance in solar for a decade. pv magazine was in attendance.

India added world’s second largest PV capacity in first half of 2018

The nation installed 4.9 GW of solar, surpassing the USA – which installed 4.7 GW – to become the second largest solar market in the first half of the year, second only to China’s 24.3 GW.

SECI defers ‘world’s biggest’ solar auction until mid November

The bid submission deadline for the national 10 GW, inter-state PV project plus manufacturing tender is now November 12. According to officials, there are amendments to be made in the tender requirements, for which it is awaiting a ministerial mandate.

TOPCon: The next big thing after PERC

TOPCon technologies could further increase solar cell efficiencies, said Guangyao Jin, chief scientist, DuPont Photovoltaic Solutions, at this year’s Energy Taiwan, held in September. He added that metallization paste is crucial.

PM Modi: 40% electricity generation from non-fossils by 2030, up to $80 billion for PV manufacturing

India’s Prime Minister kick started the first Assembly of the ISA, the second IORA Renewable Energy Ministerial Meeting, and the 2nd Global RE-Invest yesterday in Greater Noida. The agenda of the day? Universal access to solar energy at affordable rates; securing 40% of India’s electricity generation from non-fossil fuels by 2030, and allocating up to US$80 billion to boost domestic PV manufacturing.

The long read: Backsheets to the future

As backsheet manufacturers aim to keep up with cost reductions up and down the PV supply chain, new processes and materials are appearing, with claims to offer better performance as a moisture barrier, as well as better acetic acid permeability and higher reflectivity, among other features. pv magazine examines the state of the market for PV backsheets, and takes a look at some of the new material innovations that are gaining ground with module manufacturers.

Energy Storage

Featured

2035: The renewable energy tipping point

The tipping point, where the world shifts from oil and gas to renewables, will be the year 2035, says Wood Mackenzie. This is when renewables and electric-based technologies converge, with around 20% of global power needs being met by solar or wind, and roughly 20% of miles traveled by cars, trucks, buses and bikes using electricity. Will the transition come soon enough, however?

Rural India a $50 billion market for clean energy innovations

The farming sector offers the largest green energy innovation opportunity, with rice transplanting, pesticide spraying and grain harvesting together having a market potential worth $40 billion – says the Council on Energy, Environment and Water.

The long read: Storing up the future

The global installation of photovoltaics is expected to reach the terawatt level within just five years, according to Bloomberg NEF. And with more than 99.1 GW of grid-connected solar installed in 2017, switching on to the importance of storage is key.

Gujarat will soon tender 250 MW solar+storage capacity

Saurabhbhai Patel, Minister of Energy, Government of Gujarat, has announced that the state will soon issue a 250 MW grid-connected solar tender linked with storage. He also said that Gujarat will add more than 5 GW of new PV capacity in the next three years.

Frost & Sullivan forecasts strong 2018 for solar, despite China’s policy setback

A new report published by business consultants Frost & Sullivan expects around 90 GW of new solar installations by the end of 2018, in line with the predictions of other leading analysts. It further notes that PV remains the world leader in renewable energy capacity, and that markets are moving away from feed-in tariffs to make increasing use of auction models and private PPAs.

International research group develops solar cell with storage properties

Although the “solar flow battery” is currently considered too expensive by its own creators, a further improvement of its design and the use of emerging solar materials and new electrochemistry may open new opportunities for this kind of technology.

Opinion & Analysis

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 […]

New budget brings path-breaking change for farmers

Budget 2018-19 has been watched with a lot of expectations and addressed three critical issues, agricultural distress being foremost, followed by employment opportunities for youth, and ways to kickstart manufacturing with large-scale private investments. ‘Saubhagya’ is one of the powerful tools that was at the top of the budget’s agenda, which Prime Minister Modi  launched […]

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Press Releases

Proinso looks to increase profitability of PV assets with distinctive monitoring offer in India

Customers can make financial gains from their free introductory membership year before choosing whether to continue with the subscription at a discounted rate.

Tailor made solar power plants financial solutions for SME’s

Ino-Solar Energy Pvt. Ltd, one of the emerging company in India’s solar industry sector specialising in the Solar Rooftop EPC for Commercial and Industrial customers, is launching a Zero or Minimal upfront cost, 10 to 15-year fixed monthly lease financing options for Solar Rooftop Systems.

Orb Energy appoints Gerald Kok as its Chief Financial Officer (CFO)

Orb Energy (“Orb”) is happy to announce the appointment of Gerald Kok as its CFO (Chief Financial Officer) at this critical point in Orb’s growth.

A hall of their own for 2019: Production technologies benefit from solar power and storage boom

The solar market is thriving, and demand for batteries is also rising steadily. Market researchers have predicted photovoltaics (PV) deployment of roughly 100 gigawatts (GW) for 2018.