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 This decision has now been rescinded, according to The Economic Times, with the affected parties having reached a compromise.
India needs to create around 330,000 jobs over the next five years if it is to achieve its ambitious renewable energy goals, according to a new report by the World Resources Institute. Several methods have been recommended for boosting jobs in the sector, while also tackling poverty eradication.
There is potential for solar PV and storage to snap a significant share of the distributed energy industry in frontier markets, says BNEF. Both telecoms and agriculture present interesting opportunities; SE Asia is an emerging micro grid hotspot; pay-as-you-go solar is seeing strong growth; and China is recording substantial business.
Renewable developers, mainly solar firms, are now looking abroad, especially in Southeast Asia, the Middle East and Africa to diversify their assets and business portfolio, finds report.
CPI has summarized the present rooftop sector of India, its economics, and the financial facilities to the industry from government and banks. The analyst and advisory firm has presented the solutions for the current financial obstacles to the growth of rooftop solar. The team has advised two Indo-U.S. collaborative initiatives, USICEF and USICFP, with which these solutions can be implemented.
Vikalp Mundra, Joint MD and promoter of Ujaas Energy Ltd, speaks to pv magazine about the solar manufacturing and quality importance for India. The company has installed more than 200 MW of solar at utility-scale, rooftop, and residential. He also defended the Renewable Energy Certificate, but explained its drawbacks.
Greenko and Renew Power both companies are in talks with Canadian developer SkyPower to buy its stake in Indian solar projects.
Panel consisting of government officials and industrialists organized discussion on ‘Innovative Financing and Market Evolution to achieve 175 GW renewables by 2022’ at the India pavilion at COP23 in Bonn. The government remains ambitious to meet its target and to follow sustainable development.
Indian renewable analyst firm notes that anti-dumping comes at inopportune time with the industry already reeling from a slowdown in new project procurement, extra costs due to GST, import duties and increased module prices. It is expected to come by October 2018 and may affect all stakeholders and projects in the pipeline as well as those awaiting auction.
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