Victoria’s parliament has passed new laws that make solar feed-in tariff (FiT) rates take into account the avoided social cost of carbon and avoided human health costs attributable to a reduction in air pollution.
Colombian developer Celsia will start constructing the first utility-scale solar PV project in Colombia in March this year, with operations to start in Q3.
The first round of bidding for the 750MW Rewa solar park in the Indian state of Madhya Pradesh has guaranteed that the highest tariff will be no more than 3.64 rupees per unit (US$0.054).
On its way to a targeted 175GW of renewable energy installations by 2022, India has now surpassed 50GW of deployment, according to data from the Ministry of New and Renewable energy (MNRE).
Andre E. Susanto, senior vice president and founder, PT Inovasi Dinamika Pratama, explains how the new regulation requires all renewable energy-based power plants to sell electricity at or below the state-owned utility PLN’s prevailing generation cost.
Fears about India’s largest procurer of solar energy being unable to cope with payment defaults have been allayed by its inclusion in a payment security mechanism, according to the latest update from consultancy firm Bridge to India.
Major Indian firm Tata Power Solar, a subsidiary of the mammoth Tata Group, has become the first Indian manufacturer to achieve the 1GW milestone in terms of PV module shipments worldwide.
Major power firm EnergyAustralia has signed a 13-year power purchase agreement (PPA) to take 80% of the energy produced by a 142MW solar PV plant near Townsville in Queensland, Australia.
Plenty of naysayers have warned about unrealistic bidding and various delays damaging the Indian solar sector, but the head of ACME Solar, one of the largest developers India, approaching 1GW of installed capacity, has a very positive outlook on the industry's future. PV Tech caught up Manoj Kumar Upadhyay, the founder, chairman and managing director of ACME Group at the company offices in Gurgaon, New Delhi, to discuss delayed PPAs, transmission infrastructure, the approaching Goods and Services Tax (GST) Bill and a unique point of view on India's Ultra Mega solar power parks.
