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As against the all-time low of Rs 2.44 per unit recorded in July last year, the latest SECI auction saw the lowest winning tariff of Rs 2.55 per unit offered by ReNew Power. Other winners included Azure Power, Eden Renewable and SoftBank-backed SB Energy.

The higher the cost of a technology, the greater the potential impact concessional finance can make. For a lithium-ion battery project, reducing capital costs by even one percentage point can reduce energy generation costs by $10/MWh.

Following a petition by domestic manufacturers seeking legal protection under anti-dumping laws, the Directorate General of Trade Remedies has recommended the imposition of duties ranging from $537-1,559/metric ton on solar ethylene vinyl acetate sheets imported from China, Malaysia, Saudi Arabia and Thailand.

The Gurugram-based independent power producer has secured fresh debt financing of up to US$ 350 million from the US government-owned Overseas Private Investment Corporation (OPIC). This follows an earlier round of financing in March 2016 when OPIC had granted a loan of US$ 250 million to ReNew Power.

The oldest solar organization in the world, the International Solar Energy Society, dates back to 1954. President David Renné tells pv magazine about India’s solar dreams, the next best thing in solar technology and what renewables hold for the world’s future.

This is the third round of Greenko investment by Singapore’s sovereign wealth fund GIC Holdings and Abu Dhabi Investment Authority (ADIA), taking their total in the Indian renewable energy firm to $2 billion.

The Chinese solar PV inverter manufacturer expects to touch 3.5-3.6 GW of sales by March 2019 in the country. Expanding its lineup, it plans to launch inverters for residential sector too in the second half of the current year.

The government of India has approved central financial support of more than Rs46,000 crore by 2022 to promote solar among farmers and in the residential sector. The KUSUM scheme for farmers has been allocated Rs34,422 crore and the rooftop solar program Rs11,814 crore.

India’s utility-scale solar capacity addition during October-December 2018 went down 46 per cent over the corresponding period of 2017. In contrast, rooftop solar grew strongly at 47 per cent.

The plant, situated in district Anatapuramu of Andhra Pradesh, is segregated into two blocks of 100 MW each for better management and higher efficiency. It is expected to power nearly 150,000 homes once connected to the grid.