Solar installation surged in the first quarter of 2021, with developers completing their delayed projects from last year.
State-owned hydropower producer NHPC Ltd has awarded the engineering, procurement, and construction work for a 40 MW PV project to Tata Power Solar Systems. The project—to be located in the Ganjam District of Odisha—is scheduled to be commissioned within 12 months.
Researchers led by the Indian Institute of Technology Delhi have projected the waste expected from end-of-life solar panels and related components. They assumed 347.5 GW of total installed solar generation capacity would be reached this decade. The academics said the waste would include critical metals worth around $645 trillion, 70% of which could be recovered.
The sheer volume of new power lines which will be required to accommodate the rising tide of solar installations ensures copper has been included by the International Energy Agency on its list of minerals which must keep flowing if the energy transition is to stay on course. And it’s not production that’s the potential bottleneck.
The State-owned hydropower producer will sell the electricity generated from the solar project to Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) under a 25-year power purchase agreement. Tariff is fixed at INR 2.68/kWh (US$0.037/kWh).
The nation maintained the highest score of 62.7 for solar in the latest edition of Ernst & Young’s renewables attractiveness index. It ranked third for overall renewable energy investment.
The Indian Renewable Energy Development Agency has extended the bidding to May 31 and amended the ceiling tariff, maximum viability gap funding, and commissioning timeline for the solar projects.
Spanish PV project developer Gransolar is planning to build a large-scale green hydrogen production plant in the Port of Almería, in southern Spain.
During the fiscal year 2020-21, India installed utility-scale solar projects amounting to 3.5 GW, about 39% less year-on-year.
The Indian developer has agreed to acquire a 100% interest in SB Energy’s India renewable portfolio for approximately US$3.5 billion (INR 26,000 crore). The assets, totaling 4,954 MW, are spread across four Indian states.
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