Markets & Policy

The Finnish utility has reiterated its commitment for the Indian PV market, after a media article had reported that the company is seeking to sell its solar assets in the country.

Fortum will collaborate with NBCC, India to develop 150 electric vehicle (EV) charging stations in India over the next 18 months, while ABB has bid for the tender to provide 4,500 charging stations across the country.

The latest report by GTM Research puts numbers on the increase in H2 2017 system prices and analyzes the potential damage from a range of scenarios.

According to the latest briefing from Asia Europe Clean Energy Consultants (AECEA), China is likely to install more than 50 GW of PV in 2017, a second consecutive record breaking year for the world’s leading market.

The program will be launched during RE-INVEST 2017, India on December 8. The event will hold several other sessions, including the launch of International Solar Alliance (ISA). Indian Prime Minister Narendra Modi and French President Emmanuel Macron are likely to attend the ISA Founding Ceremony.

Addressing the gathering, R K Singh, Minister for MNRE, said, “by 2030, 40% of India’s energy needs would be met by Renewable Energy.” Also, at the event Kiribati signed the ISA framework, becoming the 41st country to do so.

The guarantee is a unique initiative by the state government of Madhya Pradesh for its Payment Security Mechanism, which had a role to play in the phenomenally low tariff achieved for the Rewa solar project.

Reliance Money has announced that it will receive INR 3bn ($46 million) from IREDA for financing renewable projects across India.

The EIB has also confirmed that it will provide $940 million in financial support for Indian renewable Energy.

The Ministry of New and Renewable Energy (MNRE) has confirmed that renewable energy in Tamil Nadu should have “must run” status and there should not be any more backdowns in solar power.