In a Memorandum of Understanding (MoU) signed on October 8, two coal companies formed a joint venture (JV) to install 3 GW of solar and 2 GW of thermal power. More details have now emerged on the partnership.
Factors including the ability to reach less credit worthy clients, standardised regulatory support and a rating mechanism for developers could promote rooftop solar uptake in India.
The World Energy Council, in partnership with PwC, has interviewed 39 top level management energy leaders to find out if blockchain is driving an evolution or a revolution in the energy ecosystem.
The global installation of photovoltaics is expected to reach the terawatt level within just five years, according to Bloomberg NEF. And with more than 99.1 GW of grid-connected solar installed in 2017, switching on to the importance of storage is key.
The bid submission deadline for the national 10 GW, inter-state PV project plus manufacturing tender is now November 12. According to officials, there are amendments to be made in the tender requirements, for which it is awaiting a ministerial mandate.
Ratings agency adds to pessimistic predictions about Indian solar with MNRE ambition of 34 GW of solar auctions next year at real risk. The news follows similar warnings about India’s 100 GW solar target.
The lowest solar tariff, of Rs3.17 per unit, was quoted by the NTPC utility and Maheshwari Mining and Energy, for 140 MW and 20 MW of grid connected PV capacity, respectively.
Sterling and Wilson wants to construct 200 MW of PV in Kazakhstan in the next two years and says it is eager to get a slice of the Uzbek market too.
The Solar Corporation of India (SECI) has extended bids for a 150 MW floating solar tender in Uttar Pradesh; and for a 2 MW PV plant coupled with 1 MW of storage in Himachal Pradesh.
The agency’s base case expects relatively flat growth in solar deployment over the next six years, but for solar to still dominate growth among renewable technologies. The agency’s estimates are again below those of major market analysts.
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