Delhi power minister is aiming to have 15% renewable energy by 2019. Delhi government will buy solar power from plants to be installed across the country in next one and half years.
Acme Solar regret bidding the lowest ever solar tariff of INR 2.44 ($0.037)/kWh achieved in May for Bhadla Solar Park amidst solar costs increase.
Power and MNRE Minister, Raj Kumar Singh chairs the 4th Foundation Day celebrations of National Institute of Solar Energy (NISE), Gurugram on October 27
The two organizations will collaborate on areas broadly including grid-connected solar rooftops, energy storage systems, electric vehicles, smart grid initiatives and energy efficiency measures.
The Singapore-based renewable energy developer has agreed to be sold to investment fund Global Infrastructure Partners. China Investment Corp, Canada’s PSP Investments and other co-investors are also involved in the deal, which is the largest yet seen for the renewable energy industry.
The Indian solar market is presently undergoing many challenges, including the GST effects, high module process and decelerating power demand. India’s utility sector is expected to stabilize at a much lower 5-6 GW growth rate per annum for the next two-three years, says Bridge to India.
The Finnish utility has reiterated its commitment for the Indian PV market, after a media article had reported that the company is seeking to sell its solar assets in the country.
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