India: solar park target should not be limited to 40 GW if demand is there, says Mercom
The recently doubled capacity for solar parks in India from 20 GW to 40 GW has been welcomed by Mercom Capital Group, which says that government should not be too rigid with individual targets if there is demand for more.
Confirmed: India to double solar park 2020 capacity goal to 40 GW
Target expanded to 50 solar parks, up from previous number of 34. Solar Energy Corporation of India will execute the projects in collaboration with state governments across the country.
Analysis: India’s domestic solar manufacturers facing tough climate, says Mercom
Assessment of the country’s PV manufacturing landscape by Mercom Capital Group finds series of challenges for domestic firms, including sustained low-cost competition from China, lack of scale and inconsistent support from government.
Azure Power quarterly results show 49% EBITDA increase
Indian solar developers post strong financial results for quarter ending 31st December 2016, with 49% EBITDA increase and 46% increase in revenue compared to the same period in the previous year.
Japanese venture snaps up 10% of ReNew Power for $200 million
Jera — jointly owned by Japanese utilities Tokyo Electric Power (Tepco) and Chubu Electric Power — will acquire an equity stake in the Indian independent power producer via a subscription to newly issued shares.
Analysis: India’s record-low solar tariff product of unique circumstances, says Mercom
Price of INR 3.30/kWh recorded at Rewa Solar Park auction in Madhya Pradesh among lowest in the world, and marks continuation of downward trend. Many factors played a role in bringing down the price in this particular auction, says Mercom Capital Group.
India’s Madhya Pradesh auctions nation’s lowest-priced solar
Today’s reverse auction for capacity at the 750 MW Rewa solar farm in the Indian state attracts record-low bid of just INR 3.59/kWh ($0.053/kWh).
M10 Industries Kubus tabber stringer passes Emmvee Solar stress tests
The first two high performance tabber stringers made by the Freiburg based equipment manufacturer have successfully passed a 72 hour site acceptance test at Emmvee Solar’s production facility in Bangalore, India.
India’s installed renewable energy capacity surpasses 50 GW
Data from the Ministry of New and Renewable Energy analyzed by Mercom Capital Group shows India’s renewable energy installations have crossed 50 GW, setting the country on course to meet its 2022 goal.
Tata Power Solar reaches 1 GW module shipment milestone
The solar arm of the industrial giant becomes the first Indian company to surpass 1 GW of global PV module shipments, shipping 60% of that figure over the past five years.
