‘Silicon Module Super League’ (SMSL) member Canadian Solar reported first quarter 2018 financial results that were better than expected as revenue and shipments were higher than guided with further PV power plant sales completed in the quarter.
Bidding in the Indian solar industry has been deemed irrationally aggressive by 70% of CEOs responding to a survey from consultancy firm Bridge to India, however, sentiment remains upbeat about growth prospects and the overall industry.
Indian solar developer Azure Power has surpassed 1GW of operating solar capacity, with the completion of a 50MW project in the state of Andhra Pradesh.
UPDATED: India’s Ministry of New & Renewable Energy has released its ‘National Wind-Solar Hybrid Policy’ seeking to encourage hybridisation of projects due to the benefits they offer for grid integration.
Armenia’s Ministry of Energy Infrastructure and Natural Resources has issued a letter of award (LoA) to a consortium of Fotowatio Renewable Venture (FRV) and FSL Solar to help bring a 55MW solar project closer to reality.
Maharashtra’s latest 1GW auction has attracted winning bids of between INR 2.71-2.72/kWh (US$.0.04), staying almost flat with India’s most recent PV auction in Andhra Pradesh.
