Coal India Ltd, the world’s largest coal producer company, has set the target of 20 GW solar PV installations in the next 10 years. To achieve the ambitious goal, the fossil fuel run firm will require an investment of approximately INR 900 billion ($13.8 billion).
Solar Energy Corporation of India has revealed the winners of the Bhadla solar park 500MW Phase-III, and 250 MW Phase-IV solar projects. Azure Power, Hero, and SBE Four came up as the big winners.
Dr. Frank Rijsberman, Director-General, Global Green Growth Institute (GGGI), South Korea, speaks to pv magazine about his recent participation in the International Solar Alliance founding ceremony held on March 11, 2018. He mentioned that in ISA member countries, correct energy policies, and risks in the investment are critical and need to be addressed.
Dr. Frank Rijsberman, Director-General, Global Green Growth Institute (GGGI), South Korea, speaks to pv magazine about its ventures in the Indian solar and storage market. Rijsberman outlines that the country’s growing and diversifying economy, with its ambitious renewable targets, can help to capitalize on the demographic dividend. As a result, it can become the world’s primary consumer sustainable growth market.
In a recent auction of 500 MW solar PV in the state of Gujarat, solar tariffs have increased to INR 2.98 ($0.046)/kWh, as quoted by state-owned Gujarat State Electricity Corporation (GSEC) Ltd. The reason for the increased tariff rate is cited as pertaining to the uncertainties created by upcoming duties.
One of the largest renewable energy companies in Asia, Equis Energy has commissioned a 100 MW (135MWp) solar PV project in the state of Karnataka. The company has nearly 1 GW of renewable projects under operation, construction and advanced development across India.
‘Unprecedented challenge’ for fossil fuels as low LCOE for solar and wind power, allied to tumbling storage costs, sees renewables claim a larger share of bulk and dispatchable generation while adding vital flexibility to the global energy mix.
Bharat Heavy Electricals Ltd has won an EPC order for a 75 MW solar PV plant to be installed at solar park in Charanka, Gujarat. The company also has manufacturing capacity of solar cells to 105 MW and solar modules to 226 MW annually.
World’s second-largest EPC, a Mumbai-headquartered company will base their U.S. operations in Arizona. It launches with a 50 MW portfolio as EPC and/or co-development service provider.
Annual solar installations grew almost 20% year over year in 2017, and the solar industry is also edging within 100 gigawatts, a milestone the industry will reach this year, according to IHS Markit, a world leader in critical information, analytics and solutions.
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