The Indian solar industry expressed shock recently when it emerged that multiple Chinese PV manufacturers had been reneging on supply contracts to India, but it seems this strategy may have been a comeuppance for historic behaviour on the part of some Indian developers.
The projects in Kerala and Andhra Pradesh will use crystalline silicon cells and the modules will be 310Wp output with the floating structure and anchoring designed by Arka.
India’s largest utility NTPC has issued a tender for the development of a 15MW ground-mount solar PV project at its own Kayamkulam thermal power plant in the state of Kerala using local content rules.
Major Indian solar developer Azure Power has won a 1.3MW rooftop solar project from an NTPC subsidiary to provide power for 25 years to both Government of India and Ministry of Health and Family Welfare facilities in the states and union territories of Delhi, Puducherry, Uttar Pradesh, West Bengal and Assam.
The Indian Renewable Energy Development Agency (IREDA), a state-run financier, has launched its first Green (Masala) Bond on the London Stock Exchange (LSE), raising US$300 million (INR19.5 billion) in the process.
Indian solar and storage developer Acme Solar Holdings has filed for an IPO in India of up to INR22 billion (US$336 million), according to the Press Trust of India (PTI).
The Asian Development Bank (ADB) has enlarged its support of clean energy transmission projects in India by obtaining co-financing from multilateral development bank Asian Infrastructure Investment Bank (AIIB).
Some of the industry is at loggerheads and many feel local manufacturing must be intrinsic to the 100GW by 2022 solar target, but the value of trade duties is under dispute.
