Jasmeet Khurana, associate director, consulting, Bridge to India, shares his views on what the record breaking tariffs for 750MW solar in Madhya Pradesh mean for India's entire power sector.
After 33 hours of bidding, Mahindra Renewables, Acme Solar and Solenergi Power have emerged triumphant in the 750MW solar auction in Madhya Pradesh, with the lowest price smashing records at just INR2.97/kWh (US$0.044) in year one before an annual escalation kicks in.
Integrated PV manufacturer SolarWorld is to shift its production focus to monocrystalline PERC (Passivated Emitter Rear Contact) cells and modules and away from multicrystalline to build economies of scale with high-efficiency only products. With the realignment of production to mono PERC products, including bifacial modules, around 400 jobs would be lost by the end of 2019.
Jacob Zuma, the South African president, announced on Thursday that the country’s biggest utility Eskom will indeed sign the outstanding PPAs won in the fourth round of the successful Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
This week's Movers & Shakers segment features a company rebrand, a global expansion for India's Adani and good news for US solar, which has experienced 25% jobs growth year-on-year.
International PV developer Sonnedix, via its Japanese operator Nippon Solar Services (NSS), has partnered with solar investor firm GSSG Solar to develop 170MW of PV plants in Japan.
Indian solar tariffs have reached a paradigm shifting new low after the final reverse auction round for 750MW capacity in Madhya Pradesh followed through into a nail biting second day.
Former US President Jimmy Carter said Wednesday that Donald Trump can secure millions of new jobs in the country if he embraces renewable-energy sources such as solar and wind power.
The Minimum Import Price (MIP) agreement between the EU and Chinese solar manufacturers requires urgent reform as the 3 March extension deadline draws near.
Despite an aggressive rollback of climate and renewable energy regulations and initiatives, the solar investment tax credit (ITC) should remain safe from Trump’s reach, finance experts have said.
