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.
Solar Energy Corporation of India (SECI) has invited bids for selection of solar power developers for setting up of 3 GW Interstate Transmission System (ISTS) connected solar power projects under global competitive bidding. Out of its 20 GW tender plan for the 2017-18 fiscal year, approximately 11 GW has already been tendered.
Although the development of rooftop solar is not progressing in India as planned by the government, a group of international experts is suggesting to use municipal financing to raise debt availability, and to reduce PV system costs.
On the sixth meeting of ISA’s International Steering Committee (ISC), Tata Power Delhi Distribution Ltd made a presentation showcasing their offerings to install solar rooftop projects and key service terms proposing to reach 1 MW capacity in each country.
A tender for 1 kW to 1,000 kW grid-connected rooftop solar power plants at various locations in Telangana state has been released by Telangana Renewable Energy Development Corporation Ltd (TSREDCO).
Solar tops the installation list in 2017-18 with 264 MW of capacity commissioned to surpass wind for the period. Wind power remains leading renewable resource, as of January 31, 2018.
MNRE has sanctioned around $1 billion for the development of 60 solar cities in India. The government has also conferred the development of 52 green campuses.
The Bihar Renewable Energy Development Agency (BREDA) has issued a 40 MW tender for grid-connected rooftop solar PV.
India’s solar sector witnessed a huge growth in 2017. The country is close to 20 GW cumulative solar installation at the end of January 2018. Bridge to India has released several charts comparing renewable installations, tariff rates, and upcoming projects. The data shows India installed 8.5 GW utility-scale and 1.4 GW rooftop solar in 2017.
The upcoming 2 MW project is the first ever rooftop solar project for Udaipur Smart City Limited, which is located in the state of Rajasthan.
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