Plenty of uncertainty surrounds the potential effects of India’s forthcoming Goods and Services Tax (GST) Bill, but the cost of solar could go up by as much as INR4.5 million/MW (US$67,000), according to a new study from the Council on Energy, Environment and Water (CEEW).
Japan’s Jera Co, a joint venture between Tokyo Electric Power Group (TEPCO) and the Chubu Electric Power Group, has acquired a 10% stake in Indian renewables firm ReNew Power Ventures Private Limited.
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.
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.
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.
The Minimum Import Price (MIP) agreement between the EU and Chinese solar manufacturers requires urgent reform as the 3 March extension deadline draws near.
Solar independent power producer Etrion has connected the first half of its new Aomori solar project in Japan that will be 9.5MW in capacity upon completion.
The first round of bidding for the 750MW Rewa solar park in the Indian state of Madhya Pradesh has guaranteed that the highest tariff will be no more than 3.64 rupees per unit (US$0.054).
On its way to a targeted 175GW of renewable energy installations by 2022, India has now surpassed 50GW of deployment, according to data from the Ministry of New and Renewable energy (MNRE).
