Finance

The winning bid, for 300 MW of generation capacity by Spanish developer Solarpack in a 2 GW auction is 3.3% lower than the previous record of Rs2.44.

A 2 GW tender conducted by the Solar Energy Corporation of India has reportedly concluded with prices of Rs2.36-2.38/kWh, according to a tweet which emerged this afternoon.

The Directorate-General of Trade Remedies has called a meeting of concerned parties as it considers whether to extend the duty on solar cells.

The country—aiming for a renewable power target of 450 GW by 2030—has emerged as the world’s largest and most competitive clean energy auction market. 

The levy on modules will then almost double to 40% within a year and cells will see a similar rise, from an initial rate of 15%.

After a 285 MW award from Togo, this is the second such overseas contract for the state-owned power producer which aims to anchor 10 GW of solar parks in ISA member countries over two years.

Vaibhav Pratap Singh, senior analyst at the CEEW Centre for Energy Finance, tells pv magazine about the impact of the Covid-19 pandemic on the Indian solar sector, green finance and investment down the line.

The commercial and industrial solar developer, which commands a significant share in the Indian market, will use the amount to fund rooftop PV installations for corporates across Southeast Asia.

India is running the world’s largest renewable energy expansion program with a mind-boggling target of 450 GW by 2030. Can the country with a growing energy demand do more than this? Can it do what developed countries should have done years ago?

The industry needs to cut a dependence on electric vehicle battery imports from China, according to the road transport minister, who said the government is looking to support research into alternatives to lithium-ion technology.