Germany-based PV firm IBC solar has signed an EPC contract with Indian conglomerate LN Bangur Group for a 22.5MW solar PV system in near Phalodi in Rajasthan, India.
Indian corporates are taking a significant share of the domestic solar PV market with Indian conglomerate Adani taking top spot in terms of capacity additions in the last year, according to consultancy firm Bridge to India.
Third party financing could support more than half of India’s solar rooftop segment by 2022, but several policy initiatives must be introduced to make this model attractive to consumers, according to a report from advisory organisation the Climate Policy Initiative (CPI).
Tamil Nadu Electricity Regulatory Commission (TNERC) has approved plans for the state utility to procure another 500MW of solar power to make up for a projected shortfall in reaching its solar Renewable Purchase Obligations (RPO).
Solar Energy Corporation of India (SECI) has awarded 40MW of solar PV capacity to Renew Solar Power and 25MW to Mahindra Renewables in the state of Gujarat under open category.
Solar Energy Corporation of India (SECI) has issued a request for selection (RfS) document for the tendering of 200MW of grid-connected solar PV to be deployed alongside utility-scale battery storage in the state of Karnataka.
Despite most international and domestic module suppliers increasing their sales volumes in India over the last year, Chinese firms have significantly increased their share of the market from 50% to 75%, according to the latest update from consultancy firm Bridge to India.
