An Indian court has issued a nearly US$16 million arbitral award to Chinese PV company LDK Solar Hi-Tech following its dispute with Indian renewable energy company, Hindustan Clean Energy (formerly Moser Bear Clean Energy) over a solar panel supply agreement. The amount is to be paid within 30 days from the date of the award, and includes the balance of purchase price, liquidated damages and legal fees.
India’s government must create a complete ecosystem to ensure the effective on-ground execution of its ambitious solar program, says Chakradhar Byreddy, Director–Renewable Energy, UL, Asia Pacific, during an interview with pv magazine. This includes investing in laboratory infrastructure, and skills for technical due diligence, energy yield assessment and forecasting.
More than 80% of India’s solar equipment requirements are met through imports from China. Against this backdrop, industry analysts see the predicted 30% lower module pricing, following China’s revised policy, as a good news for Indian PV projects.
Madhya Pradesh recently floated a tender for the implementation of grid connected rooftop solar PV projects under the RESCO (renewable energy service company) Model. Manu Srivastava, principal secretary and commissioner, New and Renewable Energy Department, Government of Madhya Pradesh, and managing director of Madhya Pradesh Urja Vikas Nigam (MPUVNL), speaks to pv magazine about the tender and initiatives taken by the state government.
On the sidelines of the Renewable Energy Dialogue 2018, organized by Council on Energy, Environment and Water (CEEW) in New Delhi recently, pv magazine spoke to the Counil’s founder and CEO, Arunabha Ghosh, senior programme lead, Kanika Chawla, and Hero Future Energies CEO, Sunil Jain about the performance of India’s renewable sector over the past year, the reasons for the deferral of solar PV project auctions, and the poor uptake of rooftop solar in India.
Israel-based Ecoppia has partnered with SB Energy, a wholly-owned subsidiary of SoftBank Group Corp., to deploy 2,000 robots across its five sites in the Bhadla Phase III and IV Solar Park Project in Rajasthan, India. This announcement follows its recent completion of large-scale deployments with ENGIE and Ostro Power (Actis Group) in the Bhadla park. pv magazine speaks to Ecoppia CEO Eran Meller about the project.
Despite this, at least half the companies among the top 10 – in terms of shares of projects sanctioned – changed every year between 2014 and 2017. International independent power producers (IPPs) accounted for around 45% of the sanctioned projects in solar parks. Around 35% of the park projects were awarded to IPPs registered in Mauritius, where companies benefit from preferential taxation.
The projects are to be developed on a build-own-operate basis for an aggregate capacity of 2,500 MW. The eligible bid capacity is 200-500 MW, with a project capacity of at least 50 MW at one project site. The maximum tariff payable to each project developer is fixed at Rs 2.93/kWh for the entire term of 25 years.
India saw 1.8 GW of corporate solar power purchase agreements in place by the end of 2017. There was a rush of installations for PV projects due to open access waivers. The market is expected to contract slightly this year as waivers are rolled back, but there will be sustained market growth through 2023.
Waaree Energies has set up a 1 GW solar PV panel plant in Vapi, which is in addition to its existing 500 MW plant in Surat, Gujarat. The company intends to further increase capacity to 2 GW. Among other key developments, it has partnered with third-party equipment suppliers to manufacture batteries
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