A net feed-in tariff could offer a solution for consumers, developers, and distribution companies.
The development lender’s private-sector arm helped Indian commercial clean power company Continuum Green Energy raise $561 million to refinance its debts through the bond, on the Singapore exchange.
The state electricity regulator has passed the order in Gujarat Urja Vikas Nigam Ltd’s favor, allowing it to retender the 700 MW capacity to seek lower tariffs than the INR 2.78-2.81/kWh levels awarded to developers. Developers’ body says the move will impact investors’ sentiment as arranging finance starts soon after developers win a capacity.
India’s Ministry of New and Renewable Energy is funding the research to develop high-efficiency crystalline silicon solar cells, including those with passivated emitter and rear contact structure, and perovskites.
The renewable energy infrastructure investment trust (InvIT) proposed to be launched by KKR-backed Virescent Infrastructure aims to achieve approximately 1.5 GW of assets in the next three years. Its initial portfolio will comprise nine solar energy projects with an aggregate capacity of about 400 MWp.
Under a production-linked incentive scheme, the government will reward manufacturers for building vertically integrated PV production lines. The scheme aims to attract 10 GW of production capacity by April 2023.
The Gujarat-based solar developer has signed power supply agreements with nine different industrial customers for PV projects aggregating to 13.15 MW.
India is set to see the largest increase in energy demand of any country over next 20 years, a new International Energy Agency (IEA) report says, highlighting potential for policies and investment to accelerate clean energy transition.
Austrian solar manufacturer Energetica aims to commercialize gapless PV modules by the fourth quarter.
Despite big ambitions and even bigger projects being built across the region, PV manufacturing in the Middle East has never got off the ground. In Saudi Arabia, however, one manufacturer is realizing plans for a gigawatt-scale module factory. Over the next five years, Desert Technologies plans to bring 3 GW of heterojunction production to the Kingdom. pv magazine takes a look at the challenges facing PV manufacturers in Saudi Arabia, and the opportunities the nation may hold.
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