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.
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.
The iSTAR-C program of India’s International Solar Alliance (ISA) was adjudged an outstanding project during the Paris Peace Forum this month. The program is one of many ISA initiatives to develop solar resources in member countries. After the first assembly of the ISA, interim Director-General Upendra Tripathy tells pv magazine about the organization’s achievements and plans.
Solar and/or wind are said to be the cheapest source of new energy generation in all major economies, apart from Japan, finds BloombergNEF. It adds that China’s utility-scale PV market has contracted by over a third this year; and that battery costs are set to drop a further 66% by 2030, driven by EV adoption.
State is struggling to hit an ambitious distributed generation target that calls for another 1.6 GW of rooftop capacity within four years.
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.
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.
The farming sector offers the largest green energy innovation opportunity, with rice transplanting, pesticide spraying and grain harvesting together having a market potential worth $40 billion – says the Council on Energy, Environment and Water.
The nation installed 4.9 GW of solar, surpassing the USA – which installed 4.7 GW – to become the second largest solar market in the first half of the year, second only to China’s 24.3 GW.
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