An Indian clean energy firm hopes to bring down the cost of lithium-ion cell manufacturing below INR15,000 (US$222) / kWh and create batteries for rooftop solar with a 25-year lifespan, by setting up a manufacturing facility in the southern state of Tamil Nadu.
Tata Power Renewable Energy (TPREL), a subsidiary of Indian power giant Tata Power, has signed power purchase agreement (PPA) with GE to provide solar rooftop solutions for six manufacturing and services sites in India.
SirajPower to build 2.1MW rooftop plant for Landmark Group’s Dubai warehouse, Solar Steel provides 10MW mounts for Colombia solar project, Uttar Pradesh EoI for 100MW solar canals.
Assam Power Distribution Company Ltd (APDCL) has awarded 85MW of solar capacity to be built in the Northeast Indian state via a reverse auction held last month.
Finland’s Fortum has signed an agreement to sell a 54% share of its solar power company that operates four solar plants in India, with an aggregate capacity of 185MW, to UK Climate Investments (UKCI) (40%) and Elite Alfred Berg (14%).
Indian developer Acme Solar has won a 50MW solar PV project in the state of Uttar Pradesh with a tariff of INR3.38/kWh (US$0.05) via an auction held by Solar Energy Corporation of India (SECI).
India has approved implementation of Phase-Ill of its ‘Off-grid and Decentralised Solar PV Application Programme’, which targets an additional 118MW off-grid solar PV capacity by 2020, in street lights, study lamps and home systems.
According to Bloomberg New Energy Finance (BNEF), the global average selling price (ASP) of solar modules is expected to decline by 35% in 2018, compared to previous forecasts of a 20% to 27% decline, due to the Chinese government curtailing solar growth through new policies initiated last Friday.
