The share of renewables, excluding hydropower, in India’s energy mix has reached 5.7% as of February this year, up from 4.97% in 2012/13, according to data released by the Central Electricity Authority.
India’s Ministry of new and Renewable Energy (MNRE) is moving forward with its off-grid solar programme, as part of the National Solar Mission (NSM), after a year of the utility-scale sector stealing the limelight.
India-based companies have dominated the latest solar auction for 350MW in the state of Telangana with winning tariffs ranging between INR4.66-4.77/kWh (~US$0.07).
India-based solar EPC firm Sterling & Wilson (S&W) has been awarded EPC and O&M contracts for 350MW of solar projects in India by Canada-based developer SkyPower.
Solar Mosaic, a former crowdfunding start-up that has emerged as a major provider of residential solar financing solutions, said on Wednesday that it had secured US$200 million in funding that will support at least 5,000 rooftop PV installations.
Abengoa, which entered insolvency proceedings last November, has been granted bankruptcy protection under Chapter 15 over the objections of a group of insurance companies who claimed the Spanish renewables company’s talks to restructure billions in debt was unfair to US creditors.
