Fossil fuel global grip being loosened by holy trinity of affordable PV, wind and storage, finds BNEF
‘Unprecedented challenge’ for fossil fuels as low LCOE for solar and wind power, allied to tumbling storage costs, sees renewables claim a larger share of bulk and dispatchable generation while adding vital flexibility to the global energy mix.
Azure Power wins 130 MW worth solar projects
The New Delhi-based solar energy firm has won 100 MW at Pavagada solar park in Karnataka and 30 MW solar rooftop projects with Indian railways across 12 states in India.
Waaree Energies’ launches Pronto, a do-it-yourself rooftop solar kit
The first of its kind solar kit will make clean energy available across the country. The kit can be installed in 30 minutes and is available in the range of 1-5 KW. Pronto benefits to also extend to small-scale industries. It aims to revolutionize rooftop solar in India.
Diu India’s first union territory to run 100% on solar
The Union Territory of Diu, located in the western part of India is reportedly generating up to 13 MW of solar every day, which is more than its daily electricity demand.
The recent trade conflicts will reduce India’s total solar installed capacity to 6 GW in 2018
According to the Bridge to India’s ‘India Solar Compass’ report, the total capacity addition in 2017 was 9,255 MW, up 94% over 2016. However, Q4 2017 was slow in terms of project commissioning with only 1,503 MW of utility scale projects being commissioned. Moreover, the execution costs have shot up by about 18% in just six months.
Microsoft to power its new Bengaluru office using solar
Microsoft has purchased 3 MW of solar generation capacity from a solar developer, Atria Power. This will cover 80% of the projected electricity requires at the new facility.
GCF grants $100 million to NABARD for rooftop solar in India
Green Climate Fund (GCF) has approved the National Bank for Agriculture and Rural Development (NABARD)’s proposal of Line of credit for solar rooftop segment for commercial, industrial and residential housing sectors in India. This is the first ever project in India approved by GCF.
Avaada Power to develop 500 MW solar, investing $526 million in Andhra Pradesh
In a recent investor summit of Andhra Pradesh, Avaada Power has inked a $526 million contract with the state government of Andhra Pradesh to develop 500 MW solar capacities in the state.
SECI tenders 3 GW ISTS connected solar power projects
Solar Energy Corporation of India (SECI) has invited bids for selection of solar power developers for setting up of 3 GW Interstate Transmission System (ISTS) connected solar power projects under global competitive bidding. Out of its 20 GW tender plan for the 2017-18 fiscal year, approximately 11 GW has already been tendered.
Odisha: 1,415 acres of suitable land identified for 400 MW solar park
Keeping in sight the plan of Renewable Energy policy 2016, government of Odisha is putting efforts for solar development and has identified land for 400MW solar park.
