Prime minister Narendra Modi announces National Hydrogen Mission
The prime minister said green hydrogen would play a significant role in achieving India’s decarbonization goals. He also announced the nation’s ambitions to become a global hub for green hydrogen production and export.
Scatec enters Indian solar market
The Norwegian renewables business has acquired a 50% stake in Acme’s 900 MW solar project in Rajasthan. The project will benefit from a 25-year PPA with the Solar Energy Corporation of India.
Maharashtra’s 1 GW tender oversubscribed to the tune of 1.9 GW
Avaada Power and Adani lead the way with each bidding for half the 1 GW of capacity available, after the state distribution company raised the maximum tariff and extended the bid deadline.
Renewable capacity in India set to jump by 50% in 2019
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.
Extent of India’s new utility-scale solar has almost halved in six months
India added 1.2 GW of large-scale projects in the third quarter of 2018-19, taking new capacity in the first half to 1.9 GW. The numbers are down 43% and 44%, respectively, on the same periods of the previous year, according to Bridge to India’s quarterly India Solar Compass.
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.
620 MW commissioned at Bhadla Solar Park
With the commissioning of 620 MW by three companies, the total capacity of Rajasthan’s Bhadla Solar Park has reached 1,365 MW, Rajasthan Renewable Energy Corporation Ltd (RRECL) announced.
Top 3 developers commissioned one-fourth of utility-scale PV projects
Of the total 9,538 MW of solar capacity commissioned between October 2017 and September 2018, Adani bagged the lion’s share at 11%, followed by Acme (7.5%) and Renew Power (7.3%), finds Bridge to India. The analyst company also tracks tariff trends between 2016 and now.
India’s solar energy capacity is growing
India’s electricity sector is transforming rapidly. A 50% decline in wind and solar tariffs since 2016 means renewable energy is now the lowest cost source of new generation. This has turned the established order in India on its head.
Azure Power wins 300 MW project to surpass 3 GW portfolio
The independent power producer has continuously expanded its project pipeline, routinely winning multimegawatt tenders. The latest winning bid relates to a pending PPA at Rs2.64 per kWh.
