As rooftop solar racks up records in Australia, price cannibalization has resulted in a “struggling” large-scale market segment. Bruce Mountain, head of the University of Victoria’s Energy Policy Centre, says that increasingly depressed wholesale electricity prices during the day are squeezing out big PV.
High-efficiency bifacial PV modules manufactured in India will be installed for the 300 MW Barsingsar solar project in Rajasthan. The project is set for commissioning by September this year.
Spread over 1550 acres in the Bikaner district of Rajasthan, the project is being executed under the CPSU Scheme (Phase-II) with an investment of INR 1,803 crore to ensure green power to the state of Telangana.
The investment is required in building capacities across solar, hydro, wind, and waste-to-energy sectors, green hydrogen (including electrolyzers), batteries, and transmission.
NTPC has invited bids to set up 1.5 GW of solar power projects on a build-own-operate basis anywhere in India.
Under PM KUSUM Scheme, farmers can set up solar plants on their barren or uncultivable agriculture land and benefit from selling the electricity generated to the local Discom.
BloombergNEF says in a new report that corporations publicly announced 46 GW of solar and wind power purchase agreements (PPAs) in 2023, up 12% year on year. It says the increase was driven by a surge of activity in Europe.
The PM Surya Ghar Muft Bijli Yojana offers a subsidy of INR 30,000 ($361) per kW up to 2 kW for residential rooftop solar systems, and INR 18,000 per kW for additional capacity up to 3 kW. The total subsidy for systems larger than 3 kW is capped at INR 78,000.
Chief Minister of Odisha, Naveen Patnaik, laid the foundation stone for Acme Cleantech’s 1.1 mmtpa green ammonia plant and Avaada Green’s 0.5 mtpa green hydrogen/ammonia facility at Gopalpur Industrial Park.
The solar projects will supply power to customers across automotive, pharmaceutical, cement, industrial equipment, and chemical sectors.
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