Rahul Gupta, founder and MD of Indian solar developer Rays Experts tells pv magazine that the anti-dumping case lodged against Chinese, Taiwanese and Malaysian solar companies could deliver temporary blow to India’s solar momentum, but in the longer-term it might be best for the sector.
The infrastructure fund of IDFC Alternatives has signed an agreement to purchase 190 MW worth of solar PV assets from First Solar Power India, an affiliate of First Solar Group. The projects are located om the states of Andhra Pradesh and Telangana.
The green bond offering will be the first of its kind to be issued in India, and comes via Azure Power’s stated aim to continue promoting and investing in renewable energy in the country.
The Ministry of New and Renewable Energy has initiated the second phase of its CPSU program to provide installation capacity totaling 7.5 GW of solar projects made using domestically manufactured solar cells and modules.
As India’s energy needs are rising fast, the increased use of renewables in 2030 could save the economy 12 times the installation costs, when reduced environmental and health damage are taken into account, shows International Renewable Energy Agency’s roadmap to 2030, ranking solar as the country’s second largest source of renewable energy.
Growth in the booming Indian solar market, heavily reliant on Chinese modules, could slow as strong Q3 demand for panels in China and the U.S. push up prices and impact Indian firms’ financial modelling.
Opinion: One of the main challenges for investors in India is to meet competitive pricing while achieving acceptable quality. Prakash Vora, senior director – Operations at Terraform Global India, explains how to ensure quality in India.
The Swiss developer of power electronics and storage solutions for the clean energy sector will install a 2 MW battery to support the 90 MW Burbo Bank offshore wind farm in the U.K., and has also secured a supply contract to install its solar inverters at 750 Indian railway stations.
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