India added just 853 MW of solar capacity in third quarter
The solar installation in India is making a slower-than-expected recovery as Covid-related disruption continues to hurt construction progress. Safeguard duty extension and module price increase have added to the pain.
India added 438 MW of solar capacity in Q3 2020
The 438 MW of new solar capacity added during the three months ending September includes 283 MW from large-scale installations and 155 MW rooftop.
Rooftop solar addition increased 112% y-o-y in second quarter
India added rooftop solar capacity of 399 MW in the second quarter (July-Sept) of FY 2020-21, compared to 188 MW installed in the corresponding period last year.
Rooftop solar market in 2020
It has been a rocky year for installers with issues like availability of modules from Chinese suppliers, restricted construction due to local lockdowns, and uncertainty over import duties. Going forward, the market could see a dramatic rebound if net-metering is allowed with a current cap of 1 MW and re-introduced in the states that have shifted to gross-metering.
Wood Mackenzie expects Indian solar installations to drop 42% this year
The global newly installed PV capacity for this year would be around 115 GW–5% more than that of 2019 despite the Covid-19 crisis. India will add just 4.9 GW due to strong Covid measures taken.
India added 883 MW of rooftop solar in nine months despite Covid-19
With 380 MW of generation capacity, Gujarat accounted for 43% of new rooftop solar installations during the January-to-September period.
Rockefeller Foundation commits US$1 billion to catalyze a green recovery from pandemic
The new billion-dollar investment is aimed at scaling distributed renewable energy across developing countries in Africa, Asia and Latin America.
Corporate funding for battery storage up 75%
Analysts at Mercom Capital Group have tallied up corporate funding, venture capital and debt and public market investment for battery storage, smart grids and energy efficiency companies. From a financial perspective, the industry appears resilient to the Covid-19 crisis and ready to grow further.
Fall in off-grid solar sales deprives 5m people of access to clean power
The latest edition of the Global Off-grid Solar Market Report by the World Bank and GOGLA has called for regulatory and financial support to help off-grid distributors create jobs lost to the Covid-19 pandemic.
Mitigating supply chain risks
Rajendra Khandalkar, group head of supply chain management at infrastructure EPC services company Sterling and Wilson, speaks to pv magazine about learning from the Covid-19 crisis and the importance of smart supplier management to bolster company resilience.
