All the winning bids in the latest 170MW Indian state solar auction in Uttarakhand have remained below the INR6/kWh (US$0.09) tariff, despite several bankers commenting on previous auctions that only prices of INR6-6.5 per unit would be workable given India’s market conditions.
India’s energy ministry has amended its invitation for state-owned corporations (CPSUs) to set up 1GW of solar PV plants across India, by bringing forward its funding timelines.
The largest polysilicon producer GCL-Poly Energy Holdings has secured approximately US$110 million from a new corporate bond from qualified investors in China.
UK developer British Solar Renewables (BSR) and module supplier Vikram Solar have announced a supply agreement the two parties signed at this year’s Solar Energy UK exhibition.
Bangalore-based real estate developer Embassy Group is planning a 200MW solar PV plant in the Indian state of Karnataka, according to Embassy Energy chief executive Anshul Singhal.
The European Commission is expected shortly to reject a request to exclude Chinese prices from the benchmarking index used to the set the price at which Chinese cells and modules must be sold in the EU.
The viability of PV projects coming out of the three latest state solar auctions in India is “quite low”, according to an initial examination from consultancy firm Bridge to India, but industry opinions differ over the quality of project returns.
L&T Construction, the power transmission and distribution arm of Indian multinational Larsen & Toubro, has won contracts for the EPC of 115MW of solar power projects in southern India.
PV developer SkyPower has entered into a power purchase agreement (PPA) with the government of Madhya Pradesh to develop 150MW solar power projects in the Indian state.
