India installed 5.5GW of utility-scale solar capacity in the last fiscal year and the country is expected to add another 8GW in the coming year, according to consultancy firm Bridge to India’s ‘India Solar Map’.
India’s biggest utility, NTPC (National Thermal Power Corporation) is seeking bidders to add a 6MW / 24MWh battery energy storage system (BESS) to a 17MW PV plant in Manglutan, South Andaman.
Indian solar tariffs reached yet another new low yesterday with the Indian arm of French clean energy firm Solairedirect winning 250MW(ac) of capacity in Andhra Pradesh with a record bid of INR 3.15/kWh (US$0.0494).
Finnish firm Fortum has commissioned a 70MW solar PV plant in the Indian state of Rajasthan, which it won last year at what was then a record low tariff of INR4.34/kWh (US$0.067).
The Asian Development Bank (ADB) has approved a US$175 million loan to India’s major network operator and utility Power Grid Corporation of India (Powergrid) relating to solar park transmission.
Indian utility NTPC has retendered 250MW of PV at a solar park in Karnataka after infrastructural issues at the park dampened the interest of developers to participate.
NTPC targets 32GW of renewable energy deployment by 2032, The European Investment Bank (EIB) has signed an MOU with Mexican development bank NAFIN over renewables in Mexico, TEDA has invited expressions of interest for a 500MW solar park in Tamil Nadu.
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.
India’s largest utility NTPC has invited bids for the development of 750MW of solar capacity at the Pavagada Solar Park in the southern state of Karnataka.
Zambia plans another 500MW of renewables auctions, NTPC installs robot cleaners, aleo and DC Solar install commercial system in US, GE Renewable Energy equips first US commercial solar-wind hybrid project and Soltage brings a 3.7MW solar project online in Massachusetts.
Last week saw solar prices in India blast the Asian giant’s energy sector into a new era, but what happened to all the fears about project viability and unrealistic bidding? PV Tech caught up with financiers and analysts to discuss a new financial environment.
