mudit jain

India has given the option to solar power procurers to extend the timelines for land acquisition, financial close and PV project commissioning, which should help developers working on interstate transmission system (ISTS)-connected plants.

Maharashtra’s latest 1GW auction has attracted winning bids of between INR 2.71-2.72/kWh (US$.0.04), staying almost flat with India’s most recent PV auction in Andhra Pradesh.

India’s large-scale solar space, which has been dominated by Solar Parks in the last two years, now has standalone projects firmly back on the map with multi-Gigawatts of capacity up for grabs and a chance for higher risk-taking players.

The prices were INR0.35-0.40/kWh higher than the last PV tender issued by the same authority, GUVNL, last year.

Mudit Jain, consultant at Bridge to India, looks at how the share of string inverters in the Indian solar market is increasing rapidly.

UPDATED: The first 600MW phase of the world’s largest solar park, standing at 2GW(AC) capacity at the Pavagada Solar Park in the Indian state of Karnataka, will be inaugurated today, successfully demonstrating a unique lease structure.

There were no takers for roughly 55% of the capacity up for grabs in India’s 500MW government buildings rooftop tender, however the final installed capacities could still rise again.

India may be falling short of its aspirational renewable energy targets, but strong installation progress and rates of growth, particularly in solar, are buoying the sector.

The Indian state of Karnataka is planning to increase its solar energy targets to 6GW, up from the 2GW set in 2014.

Solar capacity auctioned last night in the Indian state of Jharkhand saw significant contrasts in bids received for the smaller-scale sub-25MW category when compared to the larger utility-scale segment, with indian developer Renew Power winning big.