Representatives of India’s two largest solar power off-takers, SECI and NTPC have said the central government’s plan to tender 17GW of solar PV before April next year is totally reliant on the willingness of states to buy power.
South Korea’s Ministry of Trade, Industry and Energy has said it would consider filing a complaint with the World Trade Organization (WTO) if the US brings in solar import restrictions, according to Reuters.
The Solar Energy Corporation of India (SECI) has cancelled 950MW worth of solar tenders as the extreme dive in solar tariffs across India continues to impact tenders, but it is expected to retender this capacity.
India’s first grid-scale solar-plus-storage tender has been held up by the extreme drop in the country’s solar PV prices this year, according to Rahul Walawalkar, executive director of the Indian Energy Storage Alliance.
At least 13.7GW of planned coal-fired power plants have been cancelled in India this month, while solar prices have tumbled to new lows, showing that India’s energy transformation is in full swing, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
India needs to pick up the pace of its solar tendering to stay in touch with its ambitious targets, but recent low bids have caused widespread reworking of state tenders, according to consultancy firm Mercom Capital Group.
The Massachusetts Department of Energy Resources (DOER) has decided to put its new solar incentive programme – the Solar Massachusetts Renewable Energy Target (SMART) – on hold in favour of extending its Renewable Energy Credit programme (SREC) indefinitely.
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.