Indian solar tariffs have reached a paradigm shifting new low after the final reverse auction round for 750MW capacity in Madhya Pradesh followed through into a nail biting second day.
PV manufacturing equipment specialist M10 Industries said its new ‘Kubus MTS 5000’ stringer tool has been installed and commissioned at Emmvee's Bangalore module assembly plant, providing a 340MW increase in capacity at its existing facility.
News in Brief: NRG commissions a 3.15MW Florida solar plant with Lakeland Electric, Power Africa reaches 30,000 new solar connections in Nigeria, PayGo solar company Azuri nets US$5 million for off-grid expansion in Africa, UPS will expand its solar capacity five-fold and India's BHEL bags its biggest single rooftop PV order.
The first round of bidding for the 750MW Rewa solar park in the Indian state of Madhya Pradesh has guaranteed that the highest tariff will be no more than 3.64 rupees per unit (US$0.054).
On its way to a targeted 175GW of renewable energy installations by 2022, India has now surpassed 50GW of deployment, according to data from the Ministry of New and Renewable energy (MNRE).
PV Tech’s preliminary analysis of global PV manufacturing capacity expansion announcements in January, 2017 have remained subdued and continue the trend set in the second-half of 2016.
Fears about India’s largest procurer of solar energy being unable to cope with payment defaults have been allayed by its inclusion in a payment security mechanism, according to the latest update from consultancy firm Bridge to India.
Major Indian firm Tata Power Solar, a subsidiary of the mammoth Tata Group, has become the first Indian manufacturer to achieve the 1GW milestone in terms of PV module shipments worldwide.
While there is no shortage of leading indicators in the PV industry that can be used to predict future trends in manufacturing and across the various companies involved in this space, one of the most pertinent ones relates to capital expenditure (or capex).
