A subsidiary of Adani Green Energy has received a contract to build a 600MW solar-wind hybrid project in India after posting a winning bid in an auction carried out last month by the Solar Energy Corporation of India (SECI).
Indian utility Gujarat Urja Vikas Nigam Limited has auctioned 500MW of PV capacity, with winning bids setting a record for the lowest solar tariff seen in India.
Generating capacity from solar projects in developing economies reached 325GW in 2019, with China and India the biggest emerging markets for clean energy investment, according to new findings from BloombergNEF.
Rising demand for green projects in investor portfolios is "broadening the geographic base" of the solar market, with 36 nations set to install more than 1GW of solar by 2029.
India will provide additional support for domestic solar equipment manufacturers to help meet the country’s soaring renewable energy generation capacity, Prime Minister Narendra Modi has said.
Solar tariffs in India hit a record low of INR2/kWh (US$0.0270/kWh) following an auction this week for 1,070MW of PV projects that are set to be developed in the state of Rajasthan.
India’s government has agreed on a financing package that includes INR 45 billion (US$603 million) of investment over five years to support the domestic development of high-efficiency PV modules.
Despite recording a 70% year-on-year reduction in utility-scale solar installations in the first nine months of 2020, India’s renewable energy market is beginning to show signs of improvement, figures from JMK Research & Analytics reveal.
Total solar installations are to hit 115GWdc this year as the sector continues to record a robust recovery from the COVID-19 pandemic, analysis by Wood Mackenzie claims.
‘Solar Module Super League’ (SMSL) member First Solar is undertaking capacity expansions at its two existing manufacturing plants in Ohio, while evaluating several new international locations to grow its global module sales business as initial Series 6 CdTe thin film module expansion plans come to an end, effectively becoming capacity constrained again from 2021, onwards.
