For developers to close the emerging gap as the market becomes more competitive – and, crucially, build projects that perform to investors’ expectations in the long term – they need to not only develop better understanding of the factors influencing project performance but also take steps to adopt advances made in other established solar markets worldwide in the use of solar data.
An analysis by India Ratings and Research (Ind-Ra) says improvements in PV panel designs and costs, lower financing costs, and state-specific sectors such as the location’s solar potential and certain waivers have driven the decline in Indian solar tariffs.
The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline a second time.
Bidders now have until November 27 to submit bids for developing the ground-mounted, grid-connected project in turnkey mode.
Mitesh Patel, Renewables Director-Asia, US-headquartered EPC player Black & Veatch, speaks to pv magazine about the key trends driving the solar market, especially in Southeast Asia, and strategies to improve the bankability of PV projects.
The PV plant—the EPC provider’s largest in USA—will use bifacial modules and likely be commissioned by November 2021.
A study by Germany’s Fraunhofer Institute for Solar Energy Systems has evaluated the feasibility of horticulture PV at the site of Paras in Akola district of Maharashtra, where the state utility Maharashtra State Power Generation Co. Ltd (Mahagenco) is considering to install a ground-mounted solar system on more than 100 hectare (ha) of arable land.
Solar installations in year 2020 are set to exceed 10 GW after a year hit by political uncertainties, module price increases associated with safeguard duty and a fewer number of awarded tenders. The outlook for battery energy storage installations for solar projects, however, is bleak as such combinations in India can cost 3-5 times more in 2020 than standalone renewable projects.
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