Utility Scale PV

The German EPC player has hit the 1 GWp milestone of installed PV capacity in India with the delivery of a 250 MW solar plant for Fortum. Around 40% of the plant is equipped with high-performance bifacial modules.   

At COP26 Summit in Glasgow, prime minister Narendra Modi also announced India’s pledge to increase its non-fossil energy capacity to 500 GW by 2030. The nation would also increase renewable energy’s share in its overall energy generation mix to 50% by 2030.

The Chinese inverter company has shipped more than 10 GW of solar inverters in India since it began its operations in the market in 2014.

Developers have until December 6 to bid for setting up a cumulative 1.2 GW of wind-solar hybrid capacity on a build-own-operate basis anywhere in India.  

The Indian multinational has elevated Shilpa Urhekar to the position of national head-India for its solar EPC business.

After the ravages of Covid-19, electricity shortages in China have now raised costs for its solar manufacturers, with knock-on effects for developers in India too, again highlighting the dangers of relying on a single solar supply chain.

Foreign direct investment’s role in bringing in finance, superior technology and other resources is undoubtedly a critical one. The Indian government has tried to create a conducive environment for enabling flow of foreign investments into the solar energy sector in the country, but the norms need to be eased further to really push the industry to its maximum growth potential.

The 145 MW Cirata floating PV project achieved financial close in August. The developers claim that the array, which covers 200 hectares of the water’s surface, is an example of transferring new technology that will pave the way for Indonesia’s solar industry and enable the setting of new policies.

The integrated power producer’s revenue from operations increased 18% to INR 9,810 crore from INR 8,290 crore in the same period last fiscal year.

The renewable energy developer’s operational capacity increased to 5,410 MW (4,763 MW solar and 647 MW wind) as of September 30, 2021, a 93% growth from 2,800 MW in September last year. Much of this capacity addition during the year was through the acquisition of operational solar assets.