India’s 175GW by 2022 renewable energy target could create up to 330,000 jobs in the next five years, predominantly in the rooftop PV sector, according to a report from India's CEEW and NRDC.
Larsen & Toubro, also known as L&T Construction, has won an EPC and O&M contract from State-run hydro power giant NHPC for a 50MW solar PV project in the Indian state of Tamil Nadu.
India has put forward two separate policies that both promote and mandate rooftop solar for certain buildings – complementing the economic benefits of rooftop PV.
Mumbai, Maharashtra-based engineering firm has won both the EPC and O&M contract for the world’s single largest solar PV plant – the 1,177MW Noor Abu Dhabi plant in Sweihan.
Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.
Although Tamil Nadu’s latest 1.5GW solar tender has seen significant oversubscription with 3,774.5MW of submissions, most of the key solar players in India have not participated.
Anything from duties to a minimum import price (MIP) on solar imports are being sought by India’s anti-dumping petitioners, but there are concerns around circumvention of an MIP if introduced, according to a person close to the issue.
