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.
India installed 5.5GW of utility-scale solar capacity in the last fiscal year and the country is expected to add another 8GW in the coming year, according to consultancy firm Bridge to India’s ‘India Solar Map’.
India-based solar equipment manufacturer Renewsys India, part of international conglomerate Enpee Group, has launched production of 5-busbar (BB) solar PV cells at a Hyderabad facility in the Indian state of Telangana.
SB Energy, a joint venture between Japanese tech firm Softbank, Bharti Enterprises and Foxconn Technology Group, has started operations at a 455MW solar project in the Indian state of Andhra Pradesh, according to a release from the module supplier Trina Solar.
India’s first grid-scale solar-plus-storage tender has been held up by the extreme drop in the country’s solar PV prices this year, according to Rahul Walawalkar, executive director of the Indian Energy Storage Alliance.
