Deal to supply PV power at tariffs of around US$38/MWh for 25 years will see firm deploy colossal fleet by 2025, together with 2GW worth of solar factories by 2022.
Projects can stay money-making for cost-savvy developers and investors but tariffs below INR 2.5/kWh (3.47 US dollar cents per kWh) are ‘unviable’, say IEEFA experts.
Investor KKR has picked up a 317MW portfolio of solar assets in India from Shapoorji Pallonji Infrastructure Capital (SP Infra) in a deal valued at US$204 million.
Sungrow is backing a long-term strategy for the Indian solar market, targeting growth in the rooftop segment while lining up more deals with independent power producers in the country.
The PV inverter rooftop solar market in India was dominated by three China-based manufacturers last year, led by Growatt, according to JMK Research & Analytics.
Government asks states to set aside land for new factories in busy week for Indian renewables, featuring the results of 2GW solar auction and the granting of new deadline extensions.
The sourcing of PV cells and modules from authorised providers was due to become mandatory for certain projects in April but the country is granting a six-month extension to help with COVID-19.
Virus impact beyond three months would 'seriously' affect many local PV players given industry's reliance on KSEB's 500MW rooftop programme, KREEPA secretaries tell PV Tech.
