India’s current template for solar power procurement is up for review. Record low tariffs in Rewa have inspired this re-examination. Jasmeet Khurana, associate director, consulting, Bridge to India, looks at how different states and utilities are reacting to the new procurement landscape.
The eastern Indian state of Jharkhand has awarded letters of intent (LOIs) to the winners of projects of more than 25MW capacity each from its 1.2GW solar PV auction, in what was seen as a positive step for developers.
Grid curtailment of solar power is already affecting Germany and China despite billions being spent on grid projects. With a target of 100GW, India is hoping to get 8% of its power requirements from solar PV by 2022, which is a higher penetration than both Germany and China today. Jasmeet Khurana, associate director, consulting, Bridge to India, investigates the potential for future curtailment of solar power in India and its consequences while identifying which states might be most affected.
The financial woes of US developer SunEdison would only have a small impact on India’s overall solar deployment targets and any incomplete PV projects would be retendered immediately, Tarun Kapoor, joint secretary of India’s Ministry of New and Renewable Energy (MNRE) has told PV Tech.
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.