Moody’s Investor Services and its Indian affiliate, ICRA Limited have announced that India’s power sector will see stability over the next 12 to 18 months, reflecting the government’s policy initiatives and established industry.
Ministry of Power and New & Renewable Energy has finalized the resolution for several future roadmaps designed to reform the power sector and ensure 24×7 power for all with other states and union territories.
This week’s Intersolar India 2017 in Mumbai, which ran from Tuesday to Thursday at the Bombay Exhibition Centre (BEC), highlighted both the potential and the challenges of India’s vast residential PV market. Everything from policy to unique environmental challenges and installation processes was discussed.
The conclave happened the day after ISA became a recognized legal intergovernmental body based in India. The event observed some intense discussions on the ISA’s ambitious programs. The main topic was the finance, where ISA aims to ease the process, with CEEW supporting via common risk mitigation study.
The state’s Karnataka Renewable Energy Development Limited (KREDL) announces tender for 43 individual solar plants located in taluks – small districts dotted across the state of Karnataka.
Under the new policy, the government of India’s smallest state is aiming to install around 150 MW of PV capacity by 2022.
175,000 households of Manipur will receive 24×7 electricity supply. The scheme is scheduled to be completed by March 2019. The electricity will be produced through various sources – including renewable resources like solar micro and mini-grid applications. However, BNEF says that the 24×7 energy supply seems far away.
The threat of India’s government imposing anti-dumping duties (ADD) against solar cells and modules from China, Taiwan and Malaysia is very real, and runs counter to its own ambitions of hitting 100 GW of solar by 2022. Or does it? Could duties help to boost India’s solar industry in other ways? And does the ongoing political uncertainty create opportunity or trepidation for industry?
The anti-dumping hearing was scheduled to be held on November 30. It has, however, been postponed to December 12, 2017. The India Solar Manufacturers Association (ISMA) still expects a result in its favor.
Despite the 250 MW solar project securing a record low bid of INR 3.15 ($ 0.05)/kWh in April, Andhra Pradesh refused to buy the generated power, after tariffs fell further in subsequent auctions. This decision has now been rescinded, according to The Economic Times, with the affected parties having reached a compromise.
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