India powers ahead as Asia set for 355 GW of PV by 2023
Despite political hurdles in key markets including China and Japan, Asia remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.
ReNew Power to develop 3 MW floating PV project in Andhra Pradesh
SECI has opened up to 10 GW of floating PV for expressions of interest to accelerate adoption of the solar platform. The potential generation capacity for the technology in India is enormous, with 700 GW possible if just one-third of the country’s water reservoirs are exploited.
‘SECI’s 10 GW solar tender will not attract big developers’
Big players such as Acme, ReNew, Adani, Azure, Hero Future and Aditya Birla Solar are likely to stay away from procurement which requires 3 GW annual manufacturing commitment, says industry insider Gopal Lal Somani.
Uttar Pradesh prepares to procure another 550 MW of solar
The state has set an electricity price ceiling of Rs3.10/kWh and reserved the right to cancel the auction if it doesn’t fancy the resulting tariff. Bidders can go for projects ranging in size from 5 MW up to the whole capacity on offer.
Hitting 76% of its solar ambition would still be some achievement for India
Analysts are weighing into the debate over the MNRE’s big solar plans, but pointing out that even a partial victory would set the foundation for future solar triumphs.
India to add up to 8.5 GW of RE in FY19
India is likely to add between 8-8.5 GW of renewable energy generation capacity in the current financial year ending March 2019, according to ICRA Limited.
Historic tariffs could be revised to reflect GST costs
Developers have successfully secured relief from the federal government to mitigate the effects of GST on PV projects. One-off compensation will be paid and tariffs may be adjusted to reflect any ongoing rise in maintenance expenses.
Saudi Arabia and BP Group betting big on India
Two of the world’s biggest players in the oil industry have backed the nation’s ambitious solar target – and are putting their money where their mouth is.
India added world’s second largest PV capacity in first half of 2018
The nation installed 4.9 GW of solar, surpassing the USA – which installed 4.7 GW – to become the second largest solar market in the first half of the year, second only to China’s 24.3 GW.
NTPC tenders 70 MW floating solar PV project in Kerala
November is the deadline for interested bidders, who will be permitted to use cells and modules with any origin in the plant, which is planned for Kayamkulam.
