The Indian solar market is presently undergoing many challenges, including the GST effects, high module process and decelerating power demand. India’s utility sector is expected to stabilize at a much lower 5-6 GW growth rate per annum for the next two-three years, says Bridge to India.
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.
The Indian energy solution provider Jakson is making an INR 7 billion ($0.11 billion) investment to build 1 GW of solar module manufacturing capacity and a 250 MW solar cell manufacturing plant in Gujarat.
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.
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 500 kW floating solar plant in the Wayanad District of Kerala, commissioned by Adtech System Ltd, is the largest floating solar plant in India.
The Clean Energy Access Network (CLEAN) has requested lithium-ion battery OEMs to demonstrate the efficacy of mini grids in the range of 15-20 kW, based on a lithium-ion battery storage system.
The power developer has installed 40 MW in Gujarat and 100 MW in Maharashtra under VGF scheme and will receive power tariff of INR 4.43 ($0.07)/kWh for the next 25 years.
One of the most prominent solar developers in India, Azure Power has gained 100% of the total allocated capacity in an auction conducted by NVVN.
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