The GCL System chief executive made comments that fly in the face of an expected solar gold rush in China that analysts predict will start this month. Though rising overseas demand will address overcapacity fears, according to Luo, the soundbite is sure to chill PV boardrooms across the world’s biggest solar market.
October 16 is the bidding deadline for rooftop and ground-mounted solar plants that are to set up in various sizes—10 KWp or smaller, 11-100 KWp, above 100 kWp and combinations thereof—within consumer premises across the state.
Two related challenges have become barriers to increasing penetration levels for rooftop solar: the hosting capacity of the grid, and the need to maintain stability during periods of peak demand. The Future PV Roundtable, held alongside The smarter E event in Munich, looked at how distributed energy resources such as PV and battery storage, along with demand-side flexibility, can help to meet these challenges – all thanks to VPPs.
The state—which had 8.5 GW of renewables capacity (2 GW solar, 6 GW wind and 0.8 GW biomass) operational as of March—is expected to add a staggering 46 GW to reach 55 GW mark by 2029-30.
New incentive scheme will see state government offering up to 40% subsidy towards cost of residential solar systems with the aim of adding 8 lakh of new arrays by 2022.
The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.
RK Singh told the upper house of the Indian parliament yesterday the nation had added 780 MW of new generation capacity in the last two years. The share of renewables in India’s power mix is rising too, but not fast enough to ensure electricity supply for all.
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