Known as the “roof of the world,” the scenic Ladakh region in the Indian state of Jammu and Kashmir will soon host the world’s largest single-location PV plant.
Beijing has outlined a series of policies mandating local and provincial authorities, state-owned banks and grid operators to pull out the stops to drive the rapid escalation of subsidy-free PV projects. The announcement has seen Chinese solar stocks on the rise.
India is set to add renewable energy capacity of 15,860 MW in 2019, a leap of 50% on the 10,560 MW installed last year. Around 70% – 10,902 MW – of the new capacity will come from utility-scale solar projects, according to Bridge To India analysts.
India’s leading infrastructure finance company IL&FS expects up to Rs 80 billion from wind and solar asset sales.
Of the colossal sum, 350 GW would be for solar. India currently has installed renewable energy capacity of 75 GW with a further 46 GW under implementation.
The state, which plans to add 3 GW of renewable capacity annually, will host the ninth edition of the Vibrant Gujarat Global Summit, which opens in 11 days’ time.
Under the new Solar Policy 2018 announced on Thursday, Andhra Pradesh has set a minimum target of 5 GW of newly installed PV power capacity over the next five years.
India’s Solar Energy Corporation of India has invited solar power developers to construct 7.5 GW grid connected projects in Leh and Kargil Districts in the state of Jammu & Kashmir under a competitive bidding process. Bid submission deadline is April 30. Tenders will be opened on the same day. The date of reverse auction will be advised at a later date.
The Indian PV module manufacturer and EPC solutions provider will commission the NTPC project at Bilhaur, Kanpur in the state of Uttar Pradesh.
The selection of solar project developers will be carried out through a competitive bidding process followed by a reverse auction. The deadline for bid submissions is January 30.
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