India’s Ministry of New and Renewable Energy (MNRE) has nearly finished approving all sanctions for rooftop solar subsidies and the sanctioning process will be reviewed in November, according to Hiren Borah, who heads Solar City, Green Building, grid-connected roof top programmes at MNRE.
A 500MW solar auction in the Indian state of Gujarat, held by Gujarat Urja Vikas Nigam Ltd. (GUNVL) has seen a winning low bid of INR2.65/kWh (US$0.041), despite several uncertainties for the wider Indian solar sector.
Indian rooftop solar specialist CleanMax Solar and technology engineering institute IIT (BHU), Varanasi, have commissioned a 1.5MW rooftop PV project across multiple building rooftops the IIT campus in Uttar Pradesh.
India will hold its second RE-INVEST event on 7-9 December 2017 to take stock of its renewable energy progress in the last three years and show off the progress of the International Solar Alliance (ISA) that it brought to the world stage at COP21.
While India will hit 20GW of installed solar PV capacity this year, its annual deployment is expected to slow down to 5GW, according to consultancy firm Bridge to India, which released its latest ‘India Solar Map 2017’ today.
Vietnam’s final solar power purchase agreement (PPA) has to a large extent ignored recommended changes from a group of international Chambers of Commerce and therefore its attractiveness to foreign investors remains in doubt, according to representatives from law and finance sectors.
The Asian Development Bank (ADB) has approved two loans, adding up to US$1.1 billion, that will help strengthen and round out Indonesia’s energy sector — spurring growth within the country and increasing access to renewable-energy sources.
Filipino power firm Phinma Energy Corporation, the energy arm of Philippine Investment Management, has been granted rights by the Philippines Department of Energy (DOE) to develop a 45MW solar PV project in the Province of Batangas, according to an SCE filing.
Australia-based renewables firm Windlab has bagged a 10-year power purchase agreement (PPA) with Queensland government owned corporation, CS Energy, to offtake power from and purchase some of the large-scale generation certificates (LGCs) from a major hybrid 60.5MW solar, storage and wind park.
Mitsui & Co., a major Japanese industrial conglomerate, has formed a Joint Venture (JV) with leading India mini-grid developer OMC Power to expand their mini-grid business into Africa. The new JV is part of a ¥1 billion (US$9 million) equity investment by Mitsui in OMC Power.