UAE minister and OPEC chief says IRENA’s solar forecasts for Gulf nations will prove conservative
With the International Renewable Energy Agency’s number-crunchers predicting almost 5.4 GW of new solar across the six Gulf Cooperation Council nations today, Suhail Mohammed Faraj Al Mazroui said his nation alone would install 6-7 GW of new renewables capacity by 2024, as pv magazine editor-in-chief Jonathan Gifford reports.
Investment funds scramble to acquire Indian giant’s 1 GW assets
Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are reported to be among those eyeing the renewable energy assets of debt riddled Infrastructure Leasing and Financial Services.
Suzlon sells subsidiary to Canadian firm AMP Solar
Suzlon has sold its majority stake in Rudra Solarfarms for Rs 142.10 million. It had set up the subsidiary, in partnership with AMP Solar, in order to execute a 15 MW solar project in Telangana.
PV rooftop simulators may unlock solar growth in developing cities
IRENA says technologies for 3D rooftop footprint generation and solar irradiation modelling are becoming increasingly cheap, making them suitable for deployment anywhere in the world. Developing cities could access such technical resources to plan rooftop PV development.
BHEL wins 129 MW solar project in Telangana state
Government-owned Bharat Heavy Electricals Limited has won an EPC order for setting up the solar PV power plants across four locations.
Planned 5 GW Ladakh solar plant will be ‘the world’s largest’
Known as the “roof of the world,” the scenic Ladakh region in the Indian state of Jammu and Kashmir will soon host the world’s largest single-location PV plant.
China unveils an ambitious new push on grid parity solar
Beijing has outlined a series of policies mandating local and provincial authorities, state-owned banks and grid operators to pull out the stops to drive the rapid escalation of subsidy-free PV projects. The announcement has seen Chinese solar stocks on the rise.
Adani to build 5 GW data center parks in Andhra Pradesh
The Gujarati multinational will invest Rs700 billion to set up world’s first 100% renewable powered data center parks in the state.
Renewable capacity in India set to jump by 50% in 2019
India is set to add renewable energy capacity of 15,860 MW in 2019, a leap of 50% on the 10,560 MW installed last year. Around 70% – 10,902 MW – of the new capacity will come from utility-scale solar projects, according to Bridge To India analysts.
Macquarie, NTPC in race to buy IL&FS assets
India’s leading infrastructure finance company IL&FS expects up to Rs 80 billion from wind and solar asset sales.
