Utility Scale PV

The Uttar Pradesh government will lease out 165 acres of land to NTPC Renewable Energy Ltd to develop the solar project. The power generated will be purchased by Uttar Pradesh Power Corp. Ltd at a fixed price.

Wood Mackenzie expects 270 GW of new global PV capacity in 2023, up 33% year on year. However, the annual growth rate is anticipated to fall to 1% in 2024 and to increase again by 5% in 2025.

Sterling and Wilson Renewable Energy has won around 1 GW of EPC projects in the first four months of FY 2023-24. The projects are located in the Indian states of Rajasthan, Uttar Pradesh and Gujarat.

The International Solar Alliance said that securing financing for renewable energy projects in Pacific Island Countries (PIC) may be complex due to the need for stand-alone solar energy systems and mini-grids, which to be viable for larger investments would require aggregation at a sectoral or programmatic level to become feasible. In its monthly column for pv magazine, the organization describes the types of finance required to scale technologies.

The projects are part of the evacuation scheme for 20 GW of renewable energy generation in Rajasthan to the national grid.

Since July, the solar market has seen a stark drop in module prices. Forecasts indicate a price increase in the coming months. This uncertainty has cast a shadow on the growth of renewable energy assets in India.   

Tata Power Renewable Energy Ltd will develop 200 MW and 150 MW solar projects for power supply to Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). The projects will be located in Maharashtra.          

Solar Energy Corp. of India Ltd has launched a tender to select developers for 1.5 GW of firm and dispatchable power from renewable power projects with energy storage systems. Bidding closes on September 15.

The nation is also set to emerge as one of the largest solar module manufacturers. It has considerable existing solar manufacturing capacity and is constructing even larger capacities, including polysilicon.

Juniper Green Energy has crossed 1.2 GW of renewable energy generation capacity (800 MW operating and 435 MW under construction) with power purchase agreements and letters of award secured in recent months.