The world had more than half a terawatt of PV generation capacity at the end of last year as emerging solar markets picked up the slack caused by Beijing’s subsidy about-turn to the tune of a 20% rise in installations outside China.
ACME Solar installed the largest utility-scale solar capacity in 2018. It also had the largest project pipeline at the end of 2018, closely followed by SB Energy and Azure Power. While modules from China’s ZnShine were used the most, the imposition of the safeguard duty helped domestic manufacturers to capture a larger share of the market compared to 2017, according to clean energy consulting firm Mercom Communications.
Infrastructure finance provider PTC India Financial Services (PFS) has partnered with U.S.-India Clean Energy Finance (USICEF) initiative to fund the most promising, investment-ready distributed solar projects in India.
Independent solar power producer Azure Power’s operational rooftop capacity has a levelized weighted average tariff of Rs 5.82 (US 8.4 cents) per kWh—139% higher than the lowest solar power bid in India.
The Democratic Republic of the Congo will use the amount for installation of three solar PV power projects with a total capacity of 35 MW in the three provinces of Karawa, Mbandaka and Lusambo.
State-run utility Indraprastha Power Generation Company Limited will install solar rooftop plants at 30 school buildings, with capacity of one megawatt in all.
The municipal council of Karimnagar has mandated rooftop solar on new buildings of a certain size as part of the Ministry of New & Renewable Energy’s Smart City Mission, which requires 10% of municipal energy to be generated from solar.
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