A solar auction in the Indian state of Rajasthan has seen the lowest bids so far in the Domestic Content Requirement (DCR) category, which requires project developers to source solar equipment from local manufacturers.
Solar capacity auctioned last night in the Indian state of Jharkhand saw significant contrasts in bids received for the smaller-scale sub-25MW category when compared to the larger utility-scale segment, with indian developer Renew Power winning big.
With a business as usual approach, India is set to reach just one third of its 40GW by 2022 rooftop solar target, according to a new report from the Solar Rooftop Policy Coalition, launched formally by energy minister Piyush Goyal.
French developer SolaireDirect has won a 75MW solar project in the Indian state of Uttar Pradesh quoting viability gap funding (VGF) of INR7.435 million/MW (US$110,527).
Devona Power Systems, a subsidiary of Indian conglomerate RattanIndia Power, has been awarded a 50MW PV project in Allahabad in the Indian state of Uttar Pradesh by the Solar Energy Corporation of India (SECI).
Montreal-based fund manager Caisse de dépôt et placement du Québec (CDPQ) plans to make a US$150 million investment in renewable energy in India by targeting hydro, solar, wind and geothermal power assets.
