India’s government has agreed on a financing package that includes INR 45 billion (US$603 million) of investment over five years to support the domestic development of high-efficiency PV modules.
Starting with a 250MW first phase factory by July next year, the director of Pakistan-based conglomerate ACT Group has said it should be able to sell PV modules to the customer's doorstep at equal to or cheaper than Chinese import prices.
EDF Renewables has commissioned five solar PV projects in Israel with a combined capacity of 101MW, including four projects with what is said to be the lowest-ever tariff agreed in Israel.
India’s Ministry of New and Renewable Energy (MNRE) has written to the Solar Energy Corporation of India (SECI) directing it to hold a one-off smaller 1.2GW solar tender with a significantly lower ceiling tariff, with the hope of driving tariffs down further.
Madhya Pradesh Urja Vikas Nigam Limited’s (MPUVNL) 35MW rooftop solar auction has drawn bids as low as INR1.58/kWh (US$0.022), however the tariffs include an escalator and are heavily subsidised.
China has requested consultations with the US over its decision to apply a safeguard measure on imports of crystalline silicon photovoltaic cells, according to a WTO filing from Tuesday 6 February.
Kulachi Solar Power Project (Private) Limited is tendering for EPC services on a 50MW solar PV project near Kulachi, in the Khyber Pakhtunkhwa (KP) Province of Pakistan.
Azure Power has submitted the lowest bid of INR3.14 (US$0.048) in a 250MW solar auction under the Domestic Content Requirement (DCR) held by Indian utility NTPC.
Yesterday’s record-breaking bid opening in Saudi Arabia for 300MW of solar has grabbed headlines, including on PV Tech, but while the exact parameters of the RfP remain covert, the bid levels have sparked debate about whether such low prices can be possible without some kind of escalating tariff mechanism or other distortion.
UPDATED: Saudi Arabia’s 300MW solar tender has seen opening bids go lower than two US cents, setting the tone for a new global solar power tariff record if awarded.
