Markets & Policy

The Norwegian renewables business has acquired a 50% stake in Acme’s 900 MW solar project in Rajasthan. The project will benefit from a 25-year PPA with the Solar Energy Corporation of India.

The 500 MW solar auction cancellation by Uttar Pradesh comes as the latest blow to developers after a similar experience in Gujarat recently. Industry body NSEFI wants the central government to direct the state government to stop cancellation and issue the capacity to winning developers.     

A pandemic-related sales slump has dealt another blow to domestic panel makers already faced with rising input costs and an expected surge in imports due to the scheduled wind down of safeguarding duties on foreign products from late July.

The global off-grid solar appliance market began an uneven recovery from the worst ravages of the global pandemic in the second half of last year, according to market body GOGLA, but more finance and policy support must be made available to have any chance of achieving universal electricity access this decade.

‘One Sun One World One Grid’ is a global supergrid project proposed by India for seamless sharing of renewable energy resources among countries. The inception workshop was attended by more than 160 experts and discussed the roadmap of the project.

Manufacturers can apply for incentives to set up gigawatt-scale solar factories in India. Applications can be submitted until June 30 and the list of successful recipients will be announced on July 26, with letters of award to be issued four days later.

Researchers led by the Indian Institute of Technology Delhi have projected the waste expected from end-of-life solar panels and related components. They assumed 347.5 GW of total installed solar generation capacity would be reached this decade. The academics said the waste would include critical metals worth around $645 trillion, 70% of which could be recovered.

The sheer volume of new power lines which will be required to accommodate the rising tide of solar installations ensures copper has been included by the International Energy Agency on its list of minerals which must keep flowing if the energy transition is to stay on course. And it’s not production that’s the potential bottleneck.

Adani Enterprises, which already controls Mundra Solar PV, has acquired a 74% stake in PV cells and modules manufacturing business Mundra Solar Energy through its subsidiary. The move will bring synergy in the company’s solar manufacturing operations and solidify its position in this space.

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.