Markets

While Solar Energy Corporation of India and NTPC fare better on tariff payment obligations than directly selling to discoms, all other obligations need to be met by them only to the extent they are met on a back-to-back basis by discoms.

After High Court’s stay on tariff revision, the state government has resorted to unprecedented curtailment of wind and solar power projects.

The Palo Alto company says it has improved its large scale battery offering with the new product in the wake of the success of its Powerpack-driven big battery in Australia. The Megapack can be deployed at a 250 MW/1 GWh clean energy plant four times faster than a fossil fuel alternative, claimed the business in a blogpost.

The plan, announced in parliament, is an extension to the bid to install 1 GW of solar generation capacity during the current fiscal year and hit 5 GW in 2025. The emphasis will be on trackside and static rooftop installations rather than solar train roofs, said the minister for railways.

The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.

With this win, the company’s capacity under implementation would become 650 MW, which is in addition to the operating capacity of 2,476 MW (comprising 932 MW wind and 1544 MW solar capacity at utility scale).

The projects—to be set up in capacities of 100 KW and 5000 KW on the barren and uncultivatable lands—will generate an estimated 148.85 MW of solar power.

India needs special institutional structures within leading public financial institutions to cater to market segments that do not attract commercial capital at competitive terms.

The $500k order follows the delivery of two high-volume quantum-dot production systems—valued at $1 million—to support roll-to-roll printing of thin-film solar cells at Assam facility.

According to the latest market forecast published by Wood Mackenzie, it seems that global PV installation figures will rise to 125 GW per year from 2020. Continued global capacity expansion will come in through a growing gigawatts-club.