The German EPC contractor is also building a 250 MW AC ground-mounted solar farm in Karnataka. Overall, with an already installed capacity of more than 370 MWp and other projects under implementation, it expects to cross 1 GW of installed capacity in India by the year end.
India’s leading solar region has been forced to apply the brakes to new solar with its power distribution companies having fulfilled their renewable purchase obligations for the next two years. Projects driven by federal agencies will continue, however.
As the nation aims for 100 GW of solar capacity by 2022 it is staring at up to 1.8 million tons of PV waste by 2050. A solar waste management seminar organized by consultancy Bridge To India in New Delhi brought stakeholders together to discuss how a PV waste management system could help.
KKR has also applied to become a co-sponsor of the power infrastructure investment trust and plans to acquire additional 15% stake in it. The deal marks KKR’s first infrastructure investment in Asia.
The company has identified renewables, transmission and distribution, and value-added businesses such as rooftop solar, smart metering, electric vehicle (EV) charging stations and micro grids in rural areas as key growth areas.
Reduction in solar park charges was not enough to attract developers in the same numbers that flocked to a separate 500 MW exercise two months earlier. The Raghanesda Solar Park continues to be a headache after a previous attempt was cancelled because the tariffs were deemed too costly.
Spanish-German renewable energy developer Siemens Gamesa—which developed India’s first wind/solar hybrid plant—has commissioned over 400 MW solar capacity in India.
The Beijing authorities have confirmed the payment levels to be made according to type of project and region from July onwards but an auction process will be involved so the figures are for guidance only. No decision has yet been made on the 30 GW of capacity added since the end of May.
The private-sector integrated power company will cease to build new coal-fired capacity. Instead, it eyes 70% of new capacity additions coming from solar, wind and hydro through to year 2025.
Given the existing trajectory of wind, solar and other renewable sources, India will reach 144 GW renewable energy capacity by FY2021-22—not far from the aspirational 175 GW target set back in 2015. This places India on track for exceeding its 275 GW target in 2027.
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