Europe announces plans for battery gigafactories
In news that will add urgency to Indian government efforts to establish a domestic storage industry, funding has apparently been secured for 16 GWh-plus production lines in Sweden and Germany. Is India at risk of being left in the starting blocks?
Bifacial beats Trump’s tariffs
Federal trade authorities in the U.S. have ruled bifacial solar modules will no longer be subject to the Section 201 ruling which applies a 25% tariff to solar panel imports.
Azure Power turns a profit
The NYSE-listed developer appears to have turned the corner after reporting a full year profit of Rs138,493 after a Rs10 lakh loss a year ago. Borrowings are on the rise though, as the company plans to drum up an ever larger project portfolio.
Lithium gigafactory target is raised to 50 GW, tender likely soon
The government is considering financial incentives such as import and export duty waivers to woo battery manufacturers to set up a globally competitive manufacturing base in India.
Power minister seeks removal of priority sector lending limit for renewable energy sector
Easy access to finance topped the agenda of the minister’s meeting with various stakeholders, wherein issues related to land acquisition and Goods and Services Tax (GST) were also discussed.
Telangana pitches for 5 GW lithium-ion battery plant
Following the Indian government’s 40 GW plan for the states, Telangana has pitched for setting up a 5 GW lithium ion plant by announcing the ready availability of 200 acres of land and power and water for the fab at a concessional rate.
NTPC mulling solar power project without a power purchase agreement
With continuous decline in costs of solar power generation, the chorus for shortening the 25-year power purchase agreement (PPA) period is growing louder.
India added 2.5 GW in Q1, 18.4 GW in pipeline: Bridge to India
Solar installations picked up significantly in the January-March period, with 1.89 GW of utility-scale PV projects providing 76% of the quarterly total. Rooftop PV accounted for the remaining 590 MW of new capacity additions. Looking ahead, Bridge to India expects the uptrend to continue, as the first quarter ended with a record amount of capacity in the national pipeline.
Waaree Energies commissions 49.5 MW in Vietnam
The Mumbai-based EPC contractor and module manufacturer expects its international business to account for more than 15% of its overall revenue. The company’s latest installation, in Vietnam, marks the completion of over 600 MW of solar EPC projects, with an additional 100 MW in its international pipeline.
India’s growth slows as developers add 1.7 GW in Q1
Solar installations fell 49% year-on-year in the first three months of 2019, with rooftop PV additions plunging as installers struggled to secure approval for projects immediately before the general election, according to new statistics from Mercom India Research.
