Of the total 9,538 MW of solar capacity commissioned between October 2017 and September 2018, Adani bagged the lion’s share at 11%, followed by Acme (7.5%) and Renew Power (7.3%), finds Bridge to India. The analyst company also tracks tariff trends between 2016 and now.
By adopting resource efficiency measures, the Indian PV solar manufacturing sector can reduce its material requirement from an estimated 12 million tons to 8.2 million tons by 2030. The resource-efficient approach will also increase efficiency to more than 30% from 6% in 2018, according to a study conducted under the European Union’s Resource Efficiency Initiative (EU-REI) Project.
After a pre-bid meeting with solar power developers on September 6, India’s Solar Energy Corporation of India (SECI) is looking to amend the tender document, which it hopes to upload to its website in the coming days, following approval from the ministry, according to a SECI spokesperson.
CLP India will acquire a 49% stake in Suzlon’s 50 MW and 20 MW solar projects in Dhule, Maharashtra. These two projects were won by Suzlon through competitive bidding in auctions by the Solar Energy Corporation of India Limited (SECI). As per the power purchase agreement signed, the tariff rate is fixed for 25 years at 4.115 INR/kWh for 20 MW and 3.66 INR/kWh for 50 MW.
Following hot on the heels of Exide Industries, lead acid battery maker, Indian-based Amara Raja Batteries Limited has said it will set up a 100 MWh lithium ion assembly plant in Andhra Pradesh. The company aims to establish a foothold in the energy storage market for electric vehicles.
To ensure their continued viability, nearly 8 GW of solar PV projects have been granted an extension by the Ministry of New and renewable Energy (MNRE).
A time-bound process would eliminate financial uncertainties for stakeholders – be it developers, lenders or the DISCOMs. It is a particularly big relief to solar PV power developers seeking pass-through for the impact of goods and services tax (GST) on project costs.
With a rapid reduction in costs, solar plus storage can be an effective alternative for customers buying peak power from the grid. At the same time, utilities can avoid investments in peak capacity or eliminate load shedding by utilizing these resources.
Hyderabad based Cygni Energy plans to utilize the capital to triple its solar DC solutions production capacity from 4,000 units to 12,000 by H1 2019, develop new technology-enabled products and streamline the product lifecycle, as well as expand nationally and internationally.
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