PV prices have plummeted in recent years but predicting the exact costs in the future seems like an impossible task. KT Tan of Viridian Solar presents one equation that would appear to be able to do just that.
At least 13.7GW of planned coal-fired power plants have been cancelled in India this month, while solar prices have tumbled to new lows, showing that India’s energy transformation is in full swing, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
High-efficiency module manufacturer Ten K Solar, has announced that it will be “discontinuing” its current operation – but has claimed it is not because of any product performance issues, contrary to media reports.
India solar prices have continued their downward spiral, this time with record low bids of INR2.62/kWh (US$~0.04) from Phelan Energy Group and Avaada Power in the state of Rajasthan.
India will add 9,812MW of solar PV this year, according to the latest quarterly market update from Mercom Capital Group, which is significantly up from the 9,020MW that the consultancy previously forecast in January this year.
The price of Chinese module imports to India has dropped 8% over the last quarter and 29% year-on-year, according to new price indices calculated by consultancy firm Bridge to India.
India is expected to double its installed solar PV capacity from 10GW to 20GW within 15 months, according to energy and mines minister Piyush Goyal, who is also encouraging manufacturers to locate in India.
Indian solar developers have been more aggressive than their international counterparts in solar tenders and their risk pricing appears to have been inadequate, according to a new report from consultancy firm Bridge to India.
Pakistan is set to adopt competitive bidding for new solar PV projects, according to an order published by the National Electric Power Regulatory Authority (NEPRA).
Global solar PV capacity could increase six-fold by 2030 and account for as much as 7% of worldwide power generation, according to the International Renewable Energy Association (IRENA).
