The selection of solar project developers will be carried out through a competitive bidding process followed by a reverse auction. The deadline for bid submissions is January 30.
Kolkata based Emami Group has transferred the solar power division of its cement unit to Emami Power, which aims to build over 300 MW of solar power capacity over the next three years.
The state has withdrawn its transmission charges waiver for solar projects bigger than 500 MW in capacity. While unhappy developers are protesting, industry experts deem it sensible for the government to apply a limit to – and possibly plan a phased withdrawal of – incentives for the solar sector.
The Indian Government has mandated that preference be given to domestically manufactured renewable energy products in public procurement. As per the order, 100% of the solar modules for grid-connected solar power projects must be domestically manufactured.
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 Green Climate Fund (GCF) and the National Bank for Agriculture and Rural Development (NABARD) have signed an agreement to infuse US$100 million into an ambitious $250 million project designed to unlock private sector initiatives for the creation of rooftop solar power capacity across India.
Maharashtra (473 MW), Tamil Nadu (312 MW), Karnataka (272 MW), Rajasthan (270 MW) and Uttar Pradesh (223 MW) are the top five states accounting for 54% of the total market—according to Bridge To India’s latest India Solar Rooftop Map report
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.
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.
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