Hitting 76% of its solar ambition would still be some achievement for India
Analysts are weighing into the debate over the MNRE’s big solar plans, but pointing out that even a partial victory would set the foundation for future solar triumphs.
India to add up to 8.5 GW of RE in FY19
India is likely to add between 8-8.5 GW of renewable energy generation capacity in the current financial year ending March 2019, according to ICRA Limited.
CDPQ increases Azure Power stake to 40%
Through a US$100 million contribution, La Caisse de dépôt et placement du Québec (CDPQ) has increased its stake in Azure Power Global Ltd to 40%.
Historic tariffs could be revised to reflect GST costs
Developers have successfully secured relief from the federal government to mitigate the effects of GST on PV projects. One-off compensation will be paid and tariffs may be adjusted to reflect any ongoing rise in maintenance expenses.
Rural India a $50 billion market for clean energy innovations
The farming sector offers the largest green energy innovation opportunity, with rice transplanting, pesticide spraying and grain harvesting together having a market potential worth $40 billion – says the Council on Energy, Environment and Water.
Saudi Arabia and BP Group betting big on India
Two of the world’s biggest players in the oil industry have backed the nation’s ambitious solar target – and are putting their money where their mouth is.
India added world’s second largest PV capacity in first half of 2018
The nation installed 4.9 GW of solar, surpassing the USA – which installed 4.7 GW – to become the second largest solar market in the first half of the year, second only to China’s 24.3 GW.
NTPC tenders 70 MW floating solar PV project in Kerala
November is the deadline for interested bidders, who will be permitted to use cells and modules with any origin in the plant, which is planned for Kayamkulam.
More details emerge on coal JVs 3 GW solar plans
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.
India’s 40 GW rooftop solar aim hit by high costs, net metering caps
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.
