Commercial & Industrial PV

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.

The Indian solar PV market saw 10.4 GW of new capacity added in the 2017-18 financial year, says Bridge to India, thus bringing cumulative installations to 24.4 GW as of this March. Leading the charge is the state of Karnataka. Concerns over the industry’s development remain, however.

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.

Underlining India’s commitment to becoming the global renewable energy leader, Shri Anand Kumar, secretary of the Ministry of New and Renewable Energy, said the country plans 500 GW of capacity by 2030. He also underlined plans to become a solar and storage manufacturing hub; and said the International Solar Alliance needs to widen its membership.

There was incredulity in some quarters as the federal government raised its renewables ambition another 22%, but the stellar performance of the past four years points to the new target being a realizable one.

Global newly installed capacity for 2018 is forecast to reach 102.6 GW, of which “only” 39 GW are expected to come from China. Fourteen countries are expected to cross the GW threshold this year.

Global solar PV demand this year will be less than in 2017, on the back of China’s latest policy decision, says TrendForce. Overall, it sees new installs dropping 40% in China to 31.6 GW. The protectionist measures taken by the U.S. will also be weakened by the resulting falling module prices.

According to Mercom India, the Indian solar PV industry has recorded its strongest quarter since the launch of the National Solar Mission. In addition to declining module prices, both rooftop and utility-scale installations saw strong growth. Clarity is needed, however, on the ongoing safeguard duty saga, to drive the industry forward.

The Indian Ministry of New and Renewable Energy (MNRE) says the nation will exceed 175 GW of installed renewable energy capacity as plans for bidding for 115 GW of renewable power projects to March 2020 were announced. The target for PV parks has been increased from 20 GW to 40 GW with some 41 parks in 21 states – with aggregate capacity of more than 26 GW – already sanctioned.

Located in Hosapet, Bengaluru, this solar PV power plant will be the largest Enphase microinverter-based solar installation globally. Occupying 72,843 sq.m (18 acres) and powered by 13,235 microinverters, it will provide more than 7500 MWh of clean power annually to businesses in the state of Karnataka through a mix of short- and long-term power purchase agreements