India is set to add renewable energy capacity of 15,860 MW in 2019, a leap of 50% on the 10,560 MW installed last year. Around 70% – 10,902 MW – of the new capacity will come from utility-scale solar projects, according to Bridge To India analysts.
The state has withdrawn its transmission charges waiver for solar projects bigger than 500 MW in capacity. While unhappy developers are protesting, industry experts deem it sensible for the government to apply a limit to – and possibly plan a phased withdrawal of – incentives for the solar sector.
With yellow marigolds in large terracotta pots, colorful metal swans pinned to the walls, speakers in natty pin stripes and swarms of eager visitors, the 10th Intersolar India began a tad late, but on a high note at the Bangalore International Exhibition Centre (BIEC) in Bengaluru, often dubbed the Silicon Valley of India. Karnataka’s successes were a key talking point, while the importance of EVs and storage was underlined.
The Solar Energy Corporation of India (SECI) and Karnataka Electricity Regulatory Commission (KERC) have locked horns over the power pricing of a 970 MW solar project.
Azure Power has announced the early closing of a financing deal worth INR 4 billion (around US$58 million) for a 100 MW solar plant in the Indian state of Karnataka; and INR 6 billion (around $88 million) for a 200 MW solar power plant in Rajasthan. It also signed 415 rooftop solar PPAs in Madhya Pradesh.
Owing to a rapid scaling up of solar capacity, Karnataka has overtaken Tamil Nadu to become India’s top state in terms of installed renewable energy capacity. The state installed 5 GW of new PV capacity in 2017-18 alone—according to a report by the US-based Institute for Energy Economics and Financial Analysis (IEEFA).
The Chinese solar PV inverter manufacturer officially opened its first non-domestic fab today: a 3 GW central and string inverter factory in Bengaluru, Karnataka. It is targeting a 50% market share in India in 2019, and mulling setting up an R&D center in the country. pv magazine attended the inauguration.
ACME Solar has bagged a 600 MW solar PV project in a reverse auction conducted by the Solar Energy Corporation of India (SECI) at a tariff of Rs 2.44 (US$0.036) per unit.
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