India’s Ministry of New and Renewable Energy (MNRE) has nearly finished approving all sanctions for rooftop solar subsidies and the sanctioning process will be reviewed in November, according to Hiren Borah, who heads Solar City, Green Building, grid-connected roof top programmes at MNRE.
MRC Allied, a property and mining firm that is diversifying into the energy market, has acquired a stake in an operational PV project in the Philippines.
Renewables and storage investment platform Constant Energy has acquired 17.5MW of operating ground-mount solar PV assets, a team of developers and operators, and a pipeline of development in Thailand from Sonnedix.
A 500MW solar auction in the Indian state of Gujarat, held by Gujarat Urja Vikas Nigam Ltd. (GUNVL) has seen a winning low bid of INR2.65/kWh (US$0.041), despite several uncertainties for the wider Indian solar sector.
While India will hit 20GW of installed solar PV capacity this year, its annual deployment is expected to slow down to 5GW, according to consultancy firm Bridge to India, which released its latest ‘India Solar Map 2017’ today.
Once upon a time, it was relatively easy to verify a PV module manufacturer’s shipment claims and therefore any market share gains or shipment milestone claims as the majority of leading companies were public listed entities.
