Waaree obtains ALMM approval for 4.75 GW of solar module capacity
Waaree, a Mumbai-headquartered solar manufacturer, has obtained government approval for 4.75 GW of annual PV module capacity. It is also the only manufacturer to secure approval for 650 Wp modules in government-backed projects.
India installed 1.9 GW of ‘open-access’ renewables in FY 2021-22
India has surpassed 10 GW of overall renewables capacity installed for offtake through open access.
Solar module price increases to affect returns on 4.4 GW of solar
Solar cell and module prices have increased by more than 40% over the last 18 months, driven by polysilicon prices. However, bid tariffs has remained lower than what is needed to mitigate the rise in module prices. The risk of lower returns is significant for 4.4 GW of projects that have been awarded over the past 18 months, with tariffs below INR 2.2 ($0.028)/kWh.
DVC seeks EPC contractors for 30 MW of floating solar
State-owned Damodar Valley Corp. (DVC) is seeking contractors to install and commission 30 MW of grid-connected floating solar capacity at its thermal power stations in Jharkhand and West Bengal. Bidding closes on Aug. 1.
Solar tariffs to rise 21% over the next 12 months
Solar tariffs will likely increase to INR 2.95 ($0.039)/kWh in the next 12 months, mainly due to the 40% basic customs duty on imported solar modules.
Higher solar module prices: rainy days ahead for developers?
CareEdge Ratings has analyzed the key drivers of rising PV module prices and the impact on projects in India. It has also assessed the tariffs expected in upcoming bids, to ensure that developers get the same returns they were previously getting.
GSECL tenders EPC contract for 59 MW of solar
Gujarat State Electricity Corp. Ltd. (GSECL) is seeking contractors to install and commission 45 MW of grid-connected solar capacity in Bhavnagar district and 14 MW in Morbi, Gujarat.
Solar module prices increased 38% in the last 20 months
Supply demand mismatch is the most crucial factor which is directly or indirectly leading to an increase in module prices. At present, demand (especially for poly-Si) far outstrips the supply. A balance between the supply and demand is essential for stabilization of solar module prices.
ALMM policy deferment, a much awaited but temporary relief to the solar market
While ALMM does support domestic manufacturers, this is not a sustained solution considering the wide demand-supply gap. Disincentivising imports could be a workable strategy when there is enough capacity back home.
Durgapur Projects tenders 20MW solar EPC at its thermal power plant
The state-owned integrated power utility has invited bids to install and commission a cumulative 20MW of ground-mounted, grid-connected solar capacity at its thermal power plant in Durgapur, West Bengal. Bidding closes on May 14.
