Investment opportunities in India’s solar sector
India, with 750 GW of solar potential, has also one of the highest transmission and distribution losses in the world. So, while there is immense scope in PV deployment, there is a need for greater investment in grid related projects also to help the country best utilise its renewable energy potential, says the latest report by SolarPower Europe and National Solar Energy Federation of India (NSEFI) which also makes recommendations to help accelerate investments in the solar sector.
Uttar Pradesh will become the hub of solar energy, says State’s energy minister
15 GW of utility scale and 8.5 GW grid-connected rooftop solar by year 2030 is the new target set for the state which is currently chasing year 2022 target of 6.4 GW and 4.3 GW, respectively.
Gujarat to provide Rs 912 crore subsidy for rooftop solar this fiscal
The state budget for 2020-21 has also allocated Rs 125 crore under Pradhan Mantri KUSUM Yojana to solarize 18,500 grid-connected pumps and for standalone offgrid solar power agriculture pumps.
Raising crops in PV facades
An international research group has analyzed the visual impact of PV facades on buildings which include crop cultivation. Architects, PV specialists and farmers were surveyed and the results showed broad acceptance of such projects.
Large scale storage still some way off
Consultancy Bridge to India has looked into its crystal ball to predict India will add 10 GW of solar capacity this year and the same next year before deployment slows to 7 GW per year in 2022 and 2023, dogged by hurdles such as an inexplicable ongoing demand for new coal-fired power plants.
KPI Global bags 2.66 MW captive solar projects from textile customers
Having bagged 2.250 MW capacity in January, the Gujarat-based power generator has won four more solar projects—900 KW for JPB Fibers, 675 KW for N.J. Textile Industries, 135 KW for N.J. Texturisers and 950 KW for Sailaxmi Tex—aggregating to a capacity of 2.66 MW.
3 GW Indian solar projects at risk due to Coronavirus, says CRISIL
Delay in sourcing of PV modules from China can cause project cost and time overruns, inviting penalties for missing the commissioning date.
SunAlpha Energy to solarise Flair Group’s manufacturing plant in Daman
The 150 KW rooftop solar plant in Daman will cover an area of 1858 square metre (20,000 square feet) and generate 210,000 units of electricity per annum.
Renewable energy: 7,592 MW commissioned in first nine months of the fiscal year
Capacity additions for the current fiscal year are set to exceed the previous accounting period’s 8,532 MW. With Rs405 billion invested in clean energy in the last fiscal year, spending in the first nine months of 2019-20 has been estimated at Rs367 billion.
Chennai Metro tenders for renewable power purchase from group captive projects
The Chennai Metro Rail Limited seeks to procure 90 million units/annum of solar or solar-wind hybrid power, or 72 million units/annum of wind power through tariff based competitive bidding. Tariff ceiling is fixed at Rs 3.50/KWh for 25 years. Bidding closes on February 13.
