Installations

$23 billion rooftop PV opportunity in India, but 40 GW targets ‘unachievable’ – BNEF

India’s rooftop PV ambitions present a US$23 billion investment opportunity, says Bloomberg New Energy Finance (BNEF). However, despite the sub-sector being the fastest growing, its 40 GW targets are “unachievable”.

India’s bold 2018 solar plans to boost domestic manufacturing, jobs

“Huge demand” will be created in the Indian solar market in 2018 on the back of the government’s plans to auction off 20 GW worth of projects, says IHS Markit. Companies will only be permitted to take part in the auctions, it says, if they set up manufacturing facilites in the country. Jobs will also be created.

PPAs signed for 750 MW Bhadla solar projects

The Solar Energy Corporation of India has signed power purchase agreements for the five solar projects totaling 750 MW. At auction, the Bhadla projects attracted the country’s lowest bids at INR 2.44 ($0.037)/kWh.

Solar developers not following DCR policy may face government action

India plans to take action against solar power companies using imported equipment for projects, which were awarded under the country’s domestic content requirement scheme, according to local media.

Jammu and Kashmir: 14 MW solar tender postponed

SECI has postponed the uploading of a tender document for 14 MW worth of grid-connected solar plants, including 42 MWh battery storage systems, for the Leh and Kargil districts of J&K.

MNRE releases roadmap for achieving 100 GW solar by 2022

The Indian government has finally clearly stated its solar objectives, and unveiled its plans for speeding up the work required to achieve them. The government is confident of achieving its 100 GW solar goal by 2022. The issue of rooftop solar is still to be addressed, however.

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Turnaround as Andhra Pradesh agrees to buy power from Kadapa solar plant

Despite the 250 MW solar project securing a record low bid of INR 3.15 ($ 0.05)/kWh in April, Andhra Pradesh refused to buy the generated power, after tariffs fell further in subsequent auctions. This decision has now been rescinded, according to The Economic Times, with the affected parties having reached a compromise.

India solar installs hit 2.2GW in Q3

Record growth continues as India installed 2,247 MW of solar projects in Q3 2017, up 15% from Q2 2017. The total installation at the end of 2017 is expected to range from 9.5 GW to 10 GW. The 7 GW solar installation in first nine months covered more than one-third of total new power capacity addition in 2017.

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Sunsure Energy look at $30.8 million revenue in FY2018

The New Delhi based solar developer is marking its second consecutive year of growth. Sunsure Energy founded in 2014, until now, has commissioned 6+ MW and is executing 25+ MW solar installation across India.

India-World Bank signs $100 million loan agreement for Solar Parks

India signs loan agreement with the World Bank for $100 million for large-scale solar power projects named as “Shared Infrastructure for Solar Parks Project”.

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