Domestic developers triumphed in Karnataka’s 500MW solar auction, maintaining the market’s fiercely competitive tariff levels with winning bids between INR4.78-4.8/kWh (US$0.072) for capacity in the Pavagada Solar Park in Tumkur District.
Canadian PV company SkyPower is searching for partners for its projects in India and will begin constructing them in Fall 2016 and has denied a report suggesting it could exit the country, according to Reuters.
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Indian developer Mytrah energy has received a direct loan facility of up to US$175 million from the Asian Development Bank (ADB) to help fund the development of solar and wind projects in Mytrah’s pipeline.
The Indian state of Gujarat has introduced a subsidy for residential grid-connected rooftop solar systems on top of any benefits provided by India’s Central government.
Chile’s energy regulator CNE has delayed its power auction to 25 July this year, in a move that should benefit renewable energy companies looking for certainty over transmission rules.
The Federal Network Agency (FNA), the German national energy regulator, today launched its fourth successful PV tender, totalling 128MW of PV across 21 bids.
Former integrated PV manufacturer LDK Solar has entered liquidation proceedings in the Cayman Islands, while its mainland China assets undergo restructuring.
