A project developer has bid for solar capacity in the Indian state of Andhra Pradesh for a game-changing INR 4.79/kWh (US$0.073), which takes solar to grid parity with other major sources of power generation in India, sources have confirmed to PV Tech.
A heterojunction c-Si solar cell with a conversion efficiency of 25.1% has been showcased by its maker at an event hosted by the Japanese government to exhibit technological innovations in “new energy”.
India-based project developer ACME Solar Holdings has won the highest capacity of projects in yesterday’s solar auction in Uttarakhand with four projects totalling 50MW combined out of the 171MW awarded.
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.
