Green Climate Fund signs $100 million pact for India’s rooftop solar

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.

Auroville search engine will crowdfund solar power for 100 villages in Tamil Nadu

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.

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India could generate all of its power from renewables by 2050

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.

Enhancing energy trading in South Asia

The Indian Ministries of External Affairs and Power, in collaboration with the Confederation of Indian Industry (CII), organized the South Asia Power Summit 2018, held recently in New Delhi. The daylong conference highlighted that diversity of energy resources in South Asian countries brings the opportunity to provide affordable, low-carbon energy in the region. The business case for enhanced energy trading in the region, and challenges faced in inter-country electricity trading were important elements of this discussion.

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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.

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.

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.

ReNew Power to develop 3 MW floating PV project in Andhra Pradesh

SECI has opened up to 10 GW of floating PV for expressions of interest to accelerate adoption of the solar platform. The potential generation capacity for the technology in India is enormous, with 700 GW possible if just one-third of the country’s water reservoirs are exploited.

‘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.

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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.

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