Gujarat cancels 700 MW auction due to ‘high tariff’
Prices ranging from Rs2.84-2.89 have been deemed too costly by the state as the foreign developers who posted the lowest bids blamed high charges at the Raghanesda Solar Park where the projects had to be based.
Maharashtra’s 1 GW tender oversubscribed to the tune of 1.9 GW
Avaada Power and Adani lead the way with each bidding for half the 1 GW of capacity available, after the state distribution company raised the maximum tariff and extended the bid deadline.
Stable policy, varied financing options on solar industry’s budget wishlist
The solar industry seeks tailor-made financing options for end consumers, especially small and medium-sized enterprises (SMEs) and micro SMEs (MSMEs), in addition to supportive and stable government policies to ensure speedier progress.
Power outlook gloomy amid coal and solar woes
India Ratings and Research has maintained a stable-to-negative outlook on India’s power sector for FY2019-20 owing to issues such as slower resolution of the stressed [coal based thermal] capacity, domestic coal unavailability, and reluctance of DISCOMs to sign long-term power purchase agreements. The outlook is not sunny for solar either.
China ready to set 3 GW quota for residential solar in 2019
Sources have told pv magazine the authorities are ready to restart the nation’s residential rooftop segment and have also agreed upon subsidy payments for other distributed generation and utility-scale projects.
Lone bid for 10 GW solar tender rejected
Delhi-based solar developer Azure Power had bid for a 2 GW project on a single site, as well as 600 MW of manufacturing capacity. According to reports, the government has rejected the bid, however, stating that the quoted price is unreasonable.
This year could see a reckoning for ultra-mega PV projects
The fate of the clutch of 500 MW-plus projects due to break ground this year could determine whether such ambitious schemes have a viable future, says Wood Mackenzie in its solar 2019 forecast. And the Indian market should brace for consolidation, add the analysts, because of aggressive reverse-auction tariff pricing.
Swiss firm Talesun and EnergyX to set up 4 GW solar projects in India
Talesun Solar Switzerland is a subsidiary of Zhongli Talesun Solar, which has module manufacturing capacity of 2.8 GW per annum and over 6 GW solar assets across the globe.
175 GW renewable unlikely if policy remains inconsistent, says CSE
India may not meet its 175 GW of renewables by 2022 target if the sector continues to be plagued by policy inconsistency, DISCOM problems and other issues, say Centre for Science and Environment (CSE) analysts.
Vikram Solar commissions 20 MW solar projects for WBSEDCL
The plants at Patni and Lalgarh in West Bengal are expected to generate 1.55 million units of electricity per megawatt (MW) annually.
