Tamil Nadu government has unveiled a new solar energy policy 2019 that aims at generating 9 GW for the state by 2022. The policy would be applicable to projects, programmes and installations relating to both solar PV and thermal energy, including utility as well as consumer categories.
For the purchase, the government of Tamil Nadu is seeking a loan from German state-owned development bank KfW, at an interest rate of 2%, according to reports.
Union Minister for Science & Technology, Dr Harsh Vardhan will launch the solar technology centre at IIT Madras on January 25, 2019. The Centre will focus on a wide range of research and development activities such as silicon solar cells that promise high efficiency and are suited for Indian conditions.
The nation still managed to attract around $11.1 billion for renewable energy in 2018, to be the world’s fifth most attractive destination for funds, according to new figures compiled by BloombergNEF.
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.
Sustainable development expert Auroville Consulting has launched the Solar Village Search Engine to help fund its Solar Village Initiative, which aims to power 100 villages in Tamil Nadu with solar by the year 2030.
Waaree Energies has set up a 1 GW solar PV panel plant in Vapi, which is in addition to its existing 500 MW plant in Surat, Gujarat. The company intends to further increase capacity to 2 GW. Among other key developments, it has partnered with third-party equipment suppliers to manufacture batteries
The EV manufacturer will develop a complete system encompassing electric vehicles (EVs), smart parking, charging infrastructure and software integration platform NEMO for the experimental township of Auroville in Tamil Nadu. Mahindra has also unveiled an energy storage solution for EVs and will help harness renewable power.
In an exclusive interview, Adani Green Energy Ltd (AGEL) CEO, Jayant Parimal, tells pv magazine the renewable energy company is looking to to expand both its module and cell manufacturing facility to 2 GW capacity. Moreover, it is also looking to develop floating solar PV projects in its home market, India, in addition to continuing its focus on the utility-scale solar and wind sectors.
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