Difficulties in financing Indian solar projects with extremely low tariffs and the wobbling of major solar player SunEdison will not impact the long-term prospects of India’s PV market, according to two senior banking and finance representatives.
The US Trade Representative has spoken out about the next steps for the US in light of India preparing to file additional cases against the US over violation of World Trade Organisation (WTO) norms.
The New Development Bank (NDB), a China-led multilateral development bank formed by the BRICS nations, has sanctioned a US$250 million loan for a renewable energy scheme in India, according to a senior government figure.
Indian state-owned power equipment manufacturer Bharat Heavy Electricals Limited (BHEL) has been advised to step up its activities in solar energy by minister of heavy industries and public enterprises Anant Geete.
Domestic developers triumphed in Karnataka’s 500MW solar auction, maintaining the market’s fiercely competitive tariff levels with winning bids between INR4.78-4.8/kWh (US$0.072) for capacity in the Pavagada Solar Park in Tumkur District.
Canadian PV company SkyPower is searching for partners for its projects in India and will begin constructing them in Fall 2016 and has denied a report suggesting it could exit the country, according to Reuters.
Indian developer Mytrah energy has received a direct loan facility of up to US$175 million from the Asian Development Bank (ADB) to help fund the development of solar and wind projects in Mytrah’s pipeline.
The Indian state of Gujarat has introduced a subsidy for residential grid-connected rooftop solar systems on top of any benefits provided by India’s Central government.
India could file trade cases against the US over violation of World Trade Organisation (WTO) norms related to the protection of solar panel producers in various US states, says energy minister.
