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.
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.
The deployment of wind-solar hybrid projects could play a key role in India meeting its renewable energy targets while also reducing intermittency problems, a new report says.
A strong rebound of utility-scale solar installations in India is not expected until 2021, with just 2.5GW expected to be deployed in the second half of this year, research from JMK Research & Analytics has found.
