Falling rupee could threaten $3.84bn of Indian solar projects
As the currency continued to fall today, analysts are concerned developers will see any savings from lower module prices disappear, and lenders may get nervy, putting India’s national solar target in grave doubt.
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 research and rating agency ICRA Limited.
620 MW commissioned at India’s 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.
India’s Madhya Pradesh unveils historic low tariff, 1.5 GW project
With the announcement of a historic low tariff of Rs 1.38 ($0.019) per unit for a rooftop PV project and a new 1.5 GW solar project, the Indian state of Madhya Pradesh has upped its solar game plan.
New tenders totaling 1.2 GW announced in India
In Uttar Pradesh, another 500 MW of solar capacity is expected to be tendered by the end of October, while Gujarat has announced a 700 MW tender under Phase III of the Raghanesda Solar Park.
India’s SECI defers 10 GW solar auction, again
India’s much-hyped 10 GW solar auction has hit another roadblock. The state-run Solar Energy Corporation of India (SECI)’s tender bids for 10 GW of ISTS-connected solar PV power projects linked with 3 GW (per annum) solar man-ufacturing capacity, has now been extended to October 12.
International Solar Alliance boosted by EIB funds
The International Solar Alliance (ISA) received a significant boost at the New York One Planet Summit, with European Investment Bank (EIB) President, Werner Hoyer announcing a commitment to back the ISA in its expansion of India’s solar industry and the exchange of technology.
US Triton to manufacture solar batteries in India
U.S.-based Triton Solar, LLC has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to set up a solar battery manufacturing unit in the Indian state under a public-private-partnership (PPP) model.
Indian state of Tamil Nadu targets 400% jump in solar capacity by 2022
The state government is proposing a range of incentives and mandates to drive PV and solar thermal installations to almost 9 GW within four years. Under the proposed policy, 10% of the public fleet would be replaced by electric vehicles.
Indian state to tender for 1.4 GW of new solar
The 71% of capacity which was not taken up in a previous tendering exercise in Maharashtra has simply been rolled over into the new one by the state’s electric distribution company.
