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Installations

Hits and misses among latest 10 GW solar tender amendments

While the timelines for PV power plant execution and completion of manufacturing facilities are now more realistic, production obligations – especially for capacity utilization – need to be revisited.

Azure commissions 95 MW in Gujarat 5 months ahead of schedule

The 95 MW project is part of a broader 260 MW generation capacity allocation the IPP received from Gujarat Urja Vikas Nigam Ltd. Generated electricity will be sold through a PPA between Azure Power and Gujarat Urja Vikas Nigam Ltd., at a rate of INR 2.67, for a 25-year duration.

China may raise 2020 solar target to over 200 GW

The target of 105 GW of cumulative installed photovoltaic power, which was originally planned to be achieved by the end of the decade, has already been surpassed. PV Info Link now reports that the 2020 solar target may be revised upwards to between 210 GW and 270 GW.

Solar still gaining as coal’s share of national capacity falls

India saw an increase in PV’s share of national generation capacity in the third quarter, as 2 GW more solar was added despite worries buffeting the industry.

Azure Power agrees Rs2.59 tariff for latest 300 MW project

The developer will supply energy to the NTPC under a 25-year PPA and can build the project anywhere in India, with construction slated to finish in early 2021.

SoftBank and Essel to develop 500 MW solar park

A failed association with IL&FS has failed to deter SoftBank from its plan to invest a staggering $1tn in Indian solar by 2030. Now the Japanese funding giant is working with Essel Infraprojects on a 500 MW plant, with further details yet to be revealed.

Falling rupee could threaten Rs28,000 crore of solar projects

As the currency continued to fall today, analysts are concerned developers will see any savings from falling module prices disappear, and lenders may get nervy, putting the national solar target in grave doubt.

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Azure Power raises $400 million in debt and equity

Azure Power has raised the capital since June 30th, and says it is “the largest amount of financing raised by a solar power company in India during this period”. Azure says the fund leaves it well positioned to deliver a 2 GW project pipeline.

Solar City Initiative phase two launched in Delhi

The programme allows the installation of solar roof atop apartment blocks, which otherwise could not install such systems. Potential in the area is around 15 MW, of which 6 MW have been signed up for already. Another 5 MW should be developed in this second phase of the project.

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India powers ahead as Asia set for 355 GW of PV by 2023

Despite political hurdles in key markets including China and Japan, Asia remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.

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