The developer won 9 MW under RESCO mode. Other major winners include SunSource with 8 MW, Ampsolar and Varp (5 MW each), and Hero Future and HFM Solar Power (4.075 MW each).
Increased funding under the KUSUM Scheme to create further markets in farmland solar, viability gap funding to promote installation of grid-connected battery storage, and R&D support to zero-carbon technologies for cement and steel sectors would take India ahead on the green path—says the sustainability thinktank.
The first Indian power plant, with a capacity of 5.5 MWp, was inaugurated in 2017 in the state of Uttarakhand. With the just commissioned photovoltaic power plant of 27 MWp, the developer claims to offer the lowest price of solar electricity in the Indian state of Maharashtra.
India needs to look at a diverse set of flexibility options such as natural gas capacity, variable renewables themselves, energy storage, demand-side response and power grids, to ensure successful integration of wind and and solar PV, says an International Energy Agency (IEA) report.
The project—valued at Rs 15,050 million—is to be set up using only domestically manufactured cells and modules. Completion period is 20 months.
Ratings may be downgraded if there is a persistent delay in resolving the tariff related dispute or any adverse revision in the tariffs by the state regulator and/or continued delays in receipt of payments from DISCOMs.
The emerging startup has become the second Indian module manufacturer to launch AC panels integrated with Enphase microinverters, after Waaree announced its partnership with Enphase in 2007.
Startups looking for an equity investment from the state-owned gas utility can submit proposals online till January 24.
Norwegian analyst Rystad Energy has predicted the stop on PV tenders in Karnataka will see Rajasthan become India’s leading solar state this year. The market research firm expects India to add only 10 GW new solar in 2020, however, and the same figure in 2021.
The annual global outlook report for solar published by IHS Markit notes there was no real uptick in the amount of new capacity added last year, compared with the returns seen in 2018. That is likely to kill any hope India has of overtaking the U.S. as the world’s second biggest solar market in 2020.
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