New and Renewable Energy Development Corporation of Andhra Pradesh Ltd has issued a rooftop solar installations tender for 15 MW on government buildings, and 20 MW for residential, commercial and industrial sectors. The single project size should be in the range of 1 kW to 500 kW.
Latest Global Solar Demand Monitor from GTM Research forecasts 6% annual increase in PV installation growth although current largest markets will register 7% contraction while geographic diversification poised to grow.
New quarterly figures from Bloomberg New Energy Finance (BNEF) show that investments in solar PV arrays of less than 1 MW hit US$14.3 billion worldwide in Q1 against 10% year-on-year contraction in global renewable investments.
With 11 GW, India is set to become the second largest solar PV market in 2018, usurping the U.S., as global demand reaches 113 GW, says IHS Markit. It adds that Q4 will be the biggest quarter in history for installations, with 34 GW expected.
Dr. Frank Rijsberman, Director-General, Global Green Growth Institute (GGGI), South Korea, speaks to pv magazine about its ventures in the Indian solar and storage market. Rijsberman outlines that the country’s growing and diversifying economy, with its ambitious renewable targets, can help to capitalize on the demographic dividend. As a result, it can become the world’s primary consumer sustainable growth market.
Testing from TÜV Rheinland has revealed that PV inverters and battery storage systems are vulnerable to hacking. By changing system parameters, a hacker could potentially cause a battery system to corrode, “making it like a ‘bomb’.”
‘Unprecedented challenge’ for fossil fuels as low LCOE for solar and wind power, allied to tumbling storage costs, sees renewables claim a larger share of bulk and dispatchable generation while adding vital flexibility to the global energy mix.
The first of its kind solar kit will make clean energy available across the country. The kit can be installed in 30 minutes and is available in the range of 1-5 KW. Pronto benefits to also extend to small-scale industries. It aims to revolutionize rooftop solar in India.
The Union Territory of Diu, located in the western part of India is reportedly generating up to 13 MW of solar every day, which is more than its daily electricity demand.
Green Climate Fund (GCF) has approved the National Bank for Agriculture and Rural Development (NABARD)’s proposal of Line of credit for solar rooftop segment for commercial, industrial and residential housing sectors in India. This is the first ever project in India approved by GCF.