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Gujarat will soon tender 250 MW solar+storage capacity

Saurabhbhai Patel, Minister of Energy, Government of Gujarat, has announced that the state will soon issue a 250 MW grid-connected solar tender linked with storage. He also said that Gujarat will add more than 5 GW of new PV capacity in the next three years.

Uttar Pradesh will tender another 500 MW solar capacity by end of October

The recent 500 MW grid-connected solar capacity tendered by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) was oversubscribed by 250 MW. A reverse auction will now be held on October 9. The capacity is part of the previous 1 GW tendered capacity, which was oversubscribed by around 800 MW, but cancelled due to high tariffs

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PM Modi: 40% electricity generation from non-fossils by 2030, up to $80 billion for PV manufacturing

India’s Prime Minister kick started the first Assembly of the ISA, the second IORA Renewable Energy Ministerial Meeting, and the 2nd Global RE-Invest yesterday in Greater Noida. The agenda of the day? Universal access to solar energy at affordable rates; securing 40% of India’s electricity generation from non-fossil fuels by 2030, and allocating up to US$80 billion to boost domestic PV manufacturing.

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Opening green windows for an inclusive clean energy transition: Future financing tools

In recent years, the Ministry of New and Renewable Energy (MNRE) has laid the foundation for a clean energy expansion through robust policies and initiatives. India’s solar energy capacity has jumped a thousand-fold from a mere 17 MW in 2010, to more than 23 GW in 2018. Similarly, the wind market has more than doubled in recent years, from around 13 GW of installed power in 2010, to 34 GW by June 2018. These developments help move India closer to its ambitious clean energy goal of 175 GW installed capacity by 2022. However, in spite of several public financial institutions, private banks, and non-banking financial companies (NBFCs) providing capital, financing remains a key barrier in scaling India’s clean energy markets further.

Taiwan takes India to WTO over safeguard tariffs

Taiwan has joined Malaysia in requesting consultations with India under the safeguard agreement of the World Trade Organization (WTO), following India’s decision to impose 25% safeguard duties on imports of solar cells, whether or not assembled in modules.

No priority lending for RE projects

India’s cash-strapped solar industry was in for a rude awakening after the Ministry of New & Renewable Energy (MNRE) has refused to write to the Reserve Bank of India (RBI) to accord priority sector lending (PSL) status to renewable energy projects.

International Solar Alliance boosted by EIB funds

The International Solar Alliance (ISA) received a significant boost at the New York One Planet Summit, with European Investment Bank (EIB) President, Werner Hoyer announcing a commitment to back the ISA in its expansion of India’s solar industry and the exchange of technology.

Solar PV to grow 65-fold by 2050, 2°C target will be missed by a long shot – report

DNV GL has issued its annual Energy Transition Outlook. It reports that global electricity demand is set to grow by a factor of 2.5. Over half of this demand is expected to be met with renewable energy by 2050, while storage will play a key role. It adds that grid infrastructure expenditures are less related to variable renewable energy assets than to increasing energy demand. In the current scenario, meanwhile, global warming is likely to reach 2.6°C.

pv magazine Quality Roundtable, REI: Innovation, investment and improving PV installs

pv magazine’s Quality Roundtable at the 2018 Renewable Energy India (REI) Expo, took place in front of a packed audience. It discussed current problem areas; how solar developers and solution providers can improve the quality of Indian solar PV installations; and innovative financial instruments to reduce the cost of debt and scale up infrastructure investment.

Rs2.44 solar bid equalled in Gujarat – but is it viable?

The state’s second attempt to tender for 500 MW of capacity has made a mockery of predictions of rising PV electricity prices and exonerated utility for cancelling previous procurement round. But the absence of India’s cheapest solar energy generator from the latest exercise could be telling.

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