Wood Mackenzie says the levelized cost of electricity (LCOE) in the Asia-Pacific region hit an all-time low in 2023, as utility-scale PV beat coal to become the cheapest power source. It predicts a further drop in costs for new-build solar projects, driven by falling module prices and oversupply from China.
Austrian manufacturer Aerocompact has developed the SN2 Q PLUS solar mounting system, which can support PV modules measuring up to 1,310 mm x 2,500 mm. It has an installation angle of between 5 degrees and 10 degrees.
The 360 MW DC solar plant, connected to the inter-state transmission system, will supply power to commercial and industrial customers nationwide.
Jakson Green will develop a utility-scale solar project for power supply to Solar Energy Corp. of India (SECI) under a 25-year power purchase agreement. The power procured by SECI has been provisioned to be sold to different discom entities in India.
The residential rooftop solar scheme provides a central financial assistance (CFA) of 60% of the system cost for 2 kW systems and 40% of the additional system cost for systems between 2 to 3 kW capacity. The CFA will be capped at 3 kW. At current benchmark prices, this will mean INR 30,000 subsidy for 1 kW system, INR 60,000 for 2 kW systems, and INR 78,000 for 3 kW systems or higher.
Perovskite technology, with its potential for large-scale deployment and local production, presents a compelling pathway towards a more secure and sustainable energy future.
The Indonesian government has ended net metering for rooftop solar installations. The Jakarta-based Institute for Essential Services Reform says this could make it harder for the country to meet its solar deployment targets, as PV installations will become more expensive for households and small businesses.
NTPC Green Energy Ltd and Maharashtra State Power Generation Co. Ltd have agreed to form a joint venture for the development of gigawatt-scale renewable energy parks in Maharashtra.
The 100 MW solar project will supply electricity to Gujarat Urja Vikas Nigam Ltd (GUVNL) under a 25-year power purchase agreement.
The Solar Energy Corp. of India (SECI) has invited bids to build 1.2 GW of wind-solar hybrid power projects on a build-own-operate basis anywhere in India. The projects must connect to the interstate transmission grid. Bidding closes on March 29.
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