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Markets & Policy

GGGI supporting 250 MW solar plant along Mumbai-Nagpur highway

The Global Green Growth Institute (GGGI), technical partner for the project, has also helped mobilize finance. The plant will help meet electric vehicle charging and other energy requirements on the highway.

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Cheaper renewable energy will leave new coal assets stranded

A new Ieefa report discusses the viability of under-construction coal-fired power plants and evaluates the associated stranded asset risk in building additional coal-fired capacity in India’s electricity system.

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Hitachi ABB Power Grids to switch to 100% fossil-free electricity by year end

The company is working on electrified, reliable, and decarbonized operations and products to get closer toward a carbon-neutral future.

Scatec enters Indian solar market

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.

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Solar developers approach Centre as Uttar Pradesh cancels 500 MW auction 

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.     

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Covid adds to solar manufacturer woes

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.

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Rising hardware costs slow Covid recovery for off-grid solar sales

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.

ISA, MNRE, and World Bank conduct inception workshop for ‘One Sun One World One Grid’ program 

‘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.

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Applications open for solar manufacturing incentives  

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.

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India could have 2.95bn tons of solar waste by 2047

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.

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