Victoria’s parliament has passed new laws that make solar feed-in tariff (FiT) rates take into account the avoided social cost of carbon and avoided human health costs attributable to a reduction in air pollution.
Asia Clean Capital has signed a power purchase agreement with the largest food and beverage producer in China, the Wahaha Group, for 3.5MW of solar energy.
Indian infrastructure development firm SPML Infra has secured a INR220 million (US$3.24 million) order from Solar Energy Corporation of India (SECI) for EPC of rooftop solar installations in four Indian states, according to a Bombay Stock Exchange filing.
India has proposed providing a grant of up to INR3.75 million per MW (US$54,100) to encourage distribution companies to support net metering of rooftop solar on their networks.
Even though monkeys were allegedly wreaking havoc on India’s solar rooftop systems last year, 2016 was remarkable for the Indian PV sector. With solar taking 1% the nation’s electricity share and India set to become the world’s third largest market in 2017 , Bloomberg New Energy Finance has proclaimed that ‘solar is king of Indian renewables’. Add the completion of the world’s largest solar plant to these accolades and you have a good indicator of the South Asian giant’s ambitions. Even India’s biggest oil, steel and mining companies are getting on board the solar rush.
Indian minister for energy and mines Piyush Goyal has said that the whole world laughed at India when it announced its plans to reach 100GW of solar power by 2022. Azure Power progresses on 14MW rooftop for Delhi Metro. Fonroche divests from India to focus on Latin America.
Renewable energy company Welink has announced a joint venture with Your Housing Group – claimed to be valued at £2.5 billion – which could see the development of 25,000 solar-powered homes using BIPV in the UK each year by 2022.
Indian rooftop solar tariffs are expected to reach an all-time low under Solar Energy Corporation of India’s (SECI’s) latest 1GW rooftop tender, according to forecasts from consultancy firm Bridge to India.
Major global food company Nestle Group has agreed to have a rooftop solar system installed at one of its facilities in China by Goldman Sachs-backed rooftop PV specialist Asia Clean Capital (ACC).
