Solar module price increases to affect returns on 4.4 GW of solar
Solar cell and module prices have increased by more than 40% over the last 18 months, driven by polysilicon prices. However, bid tariffs has remained lower than what is needed to mitigate the rise in module prices. The risk of lower returns is significant for 4.4 GW of projects that have been awarded over the past 18 months, with tariffs below INR 2.2 ($0.028)/kWh.
Women salt pan workers in Gujarat to be trained as solar technicians
ReNew Power, United Nations Environment Programme, and Self-Employed Women’s Association of India (SEWA) have launched a program to train women salt pan workers in Gujarat as solar technicians. Under the initiative, 1,000 women salt pan workers will be trained as solar panel and solar pump technicians.
Prozeal Infra wins 131 MW solar EPC contract in Gujarat
Prozeal Infra has secured an engineering, procurement and construction contract for 131 MW (AC) of solar from Gujarat State Electricity Corp. Ltd. (GSECL).
New pricing mechanism for pumped-hydro storage in India
A new report recommends a differential pricing mechanism for pumped-hydro energy storage (PHES) projects in pumping (off-peak operation) and generating mode (peak operation). The pricing mechanism for PHES should be based on specific use cases like peak load shaving and the smoothing of renewable energy generation.
Discom dues liquidation to help realize INR 9,000 crore receivables for renewables sector
The receivables period for leading renewable energy generators can reduce by 40-50 days from the current 180 days, by March 31, 2024.
India needs $223 billion to meet 2030 wind, solar goals
India requires $223 billion of investment over the next eight years to reach nearly 280 GW of solar and 140 GW of wind capacity by 2030.
Solar auctions in India to attract large developers
A new report shows that renewable energy companies will continue to compete in upcoming auctions in India, undeterred by challenges such as rising materials costs and surging interest rates.
Spanish court orders Iberdrola to dismantle 60% of 500 MW operational PV plant
A Spanish court has ruled that Spain’s largest operational PV project – the 500 MW Nuñez de Balboa solar plant – occupies a piece of land that was illegally expropriated. Project owner Iberdrola must now shut down a large portion of the installation.
Gujarat tenders 500 MW of renewables with storage
The selected developers shall set up grid-connected solar, wind or hybrid wind-solar projects on a ‘build-own-operate’ basis along with required energy storage systems for assured peak power supply. Bidding closes on July 30.
NHPC signs 600 MW solar EPC contract with Adani Infra
NHPC has awarded an engineering, procurement and construction contract to Adani Infra for 600 MW of solar. The capacity is part of 1 GW of grid-connected solar projects won by NHPC under the third tranche of the Central Public Sector Undertaking Program (Phase-II).
