India has reached 42.3 GW of grid-interactive solar
India has installed 42.3 GW of cumulative grid-connected solar capacity, with additions led by Karnataka (7,409 MW), Rajasthan (6,581 MW), and Gujarat (5,132 MW).
‘Polysilicon shortage will continue through 2021’
The latest global PV industry outlook published by trade group SolarPower Europe, has indicated tight supply of the solar panel raw material is expected to persist this year but the trade body said it would be unlikely to drive further price rises.
CEO survey shows renewable energy industry in upbeat mood
A survey conducted among top executives in the renewable energy industry elicited positive feedback on most fronts, including government policies, demand for renewable power as well as land.
Sunseap announces 2.2 GW floating PV project at Indonesian water reservoir
If built, the project would be the world’s largest floating PV power plant and would reach the same capacity as the largest ground-mounted facility currently in operation.
NTPC wins 325 MW of solar projects in Madhya Pradesh
The state-run producer has secured two projects of 220 MW and 105 MW at the Shajapur Solar Park, at a tariff of INR 2.33/kWh (US$ 0.031/kWh) and INR 2.35/kWh (US$ 0.032/kWh), respectively.
GameChange Solar to set up India operations
The New York-headquartered solar racking solutions provider is opening an India office with an eye on business development, engineering, and manufacturing support. The company has more than 12 GW of projects either operating or under development across the world.
AIIB approves US$50 million for Enel Green’s 300 MW solar project
Italy’s Enel Green Power is developing the solar project in the Bikaner district of Rajasthan. The total project cost is approximately US$200 million.
One Nation, One Grid, One Price
The Indian power sector is set for a revolution with the proposed market-based economic dispatch (MBED) mechanism. MBED aims to establish a uniform pricing framework that prioritizes the least cost and most efficient generators while backing down more expensive ones, thereby creating a national merit order.
India’s renewable energy subsidies fell nearly 45% since their FY 2017 peak
A new report finds that renewable energy subsidies in India fell by 45% from INR 15,470 crore (US$2074 million) in the fiscal year (FY) 2017 to INR 8,577 crore (US$1150 million) in FY 2020.
Electricity demand in India to grow at 6% in FY2022
Ratings agency ICRA maintains a negative outlook for thermal power generation despite a rise in electricity demand. The thermal plant load factor will remain subdued at 57%. The gap between the average cost of supply and the average tariff for discoms is estimated at 70-75 paise per unit for FY2022.
