The Indian power ministry has released notice preventing any renegotiation of signed PPAs in the solar PV sector, calculated at a potential $7.5bn worth of solar projects.
In order to meet its 10.5 % renewable purchase obligation by FY 2021-22, the government of the Indian state of Mizoram has adopted a solar power policy that envisages deployment of 80 MW of solar projects in 2017.
The Solar Energy Corporation of India has scrapped large amounts of solar+storage tenders at both the Pavagada and Kadapa solar parks as it seeks to renegotiate with states for lower tariffs.
Country’s Directorate General of Anti-Dumping states that it has identified a causal link between dumping and injury of Indian firms, enough to warrant the initiation of the investigation.
Rahul Gupta, founder and MD of Indian solar developer Rays Experts tells pv magazine that the anti-dumping case lodged against Chinese, Taiwanese and Malaysian solar companies could deliver temporary blow to India’s solar momentum, but in the longer-term it might be best for the sector.
The infrastructure fund of IDFC Alternatives has signed an agreement to purchase 190 MW worth of solar PV assets from First Solar Power India, an affiliate of First Solar Group. The projects are located om the states of Andhra Pradesh and Telangana.
The green bond offering will be the first of its kind to be issued in India, and comes via Azure Power’s stated aim to continue promoting and investing in renewable energy in the country.
The Ministry of New and Renewable Energy has initiated the second phase of its CPSU program to provide installation capacity totaling 7.5 GW of solar projects made using domestically manufactured solar cells and modules.
As India’s energy needs are rising fast, the increased use of renewables in 2030 could save the economy 12 times the installation costs, when reduced environmental and health damage are taken into account, shows International Renewable Energy Agency’s roadmap to 2030, ranking solar as the country’s second largest source of renewable energy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.