Markets

A new report stresses on rebooting the renewable energy certificate (REC) trading for a balanced energy transition in India. It proposes measures to make RECs more appealing to stakeholders and prepare the market for the possible supply crunch in the future.

The Directorate General of Trade Remedies (DGTR) under the commerce ministry stated the Indian manufacturers provided sufficient evidence to warrant the initiation of an investigation into the alleged dumping of solar cells. The investigation will aim to determine the existence, degree and effect of the dumping and recommend an amount of anti-dumping duty to offset the material injury to domestic manufacturers.

A new report states decentralized solar installations in climate-vulnerable regions of Assam, Jharkhand, and Rajasthan lacked design to deal with future climate risks. The report authors, based on their study, outline considerations for policymakers, implementing agencies, vendors, and funding agencies to build resilient structures.

Bolivia has launched a second international call, after a first attempt failed in 2019, to seek potential investors for its huge lithium resources.

The federal government will provide INR968 crore of soft loans for a INR1307 crore, 100 MW solar park near the Jamuna river in Bangladesh’s Jamalpur district, where a second park of a similar size is being planned by Dhaka and a Chinese partner.

Italian start-up Genius Watter has developed a solar desalination solution that is claimed to be particularly suitable for remote areas with no connection to grid electricity. The system is able to produce up to 1,000 cubic meters of potable water per day at an opex of €0.20 per cubic meter.

The company believes introducing its ATUM solar roof (PV panels integrated on cement boards) would be a gamechanger for South Africa. The product, which can directly be used as a roof, will enable distributed microgrids in the region to address the energy requirements of the unelectrified.

The 1.5 GW Sudair Project is Saudi Arabia’s largest solar plant with power purchase agreement signed. It is also one of the world’s largest PV plants.

The offtaker’s creditworthiness, the ease of land acquisition, infrastructure readiness, policy consistency and clarity, and access to low-cost funds are among the key determinants for the success of large-scale PV auctions in India, writes Uma Gupta in New Delhi.

The record low price was offered for the 600 MW Al Shuaiba PV IP project, which competed in the second round of the country’s procurement scheme for renewable energies.