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.
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).
Oriental Renewable Solutions, a subsidiary of the Oriental Group has formed a 50:50 equity partnership with GreenWish Partners to co-develop a 50MW solar PV project in Jigawa State, Nigeria.
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.
Mainstream Renewable Power has received environmental approval to develop a 245MW solar plant in Chile, from the South American country’s Environmental Assessment Service.
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.
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.
