The days of naming financing as one of the major hurdles for Indian solar appear to be coming to an end in 2017 as record low tariffs were enabled by a newly-attractive fiscal environment. PV Tech caught up with Kuljit Singh, partner, Transaction Advisory Services at EY, to discuss a potential spate of Indian solar IPOs, pension fund interest, Masala bonds and the future of the market.
The Asian Development Bank (ADB) has enlarged its support of clean energy transmission projects in India by obtaining co-financing from multilateral development bank Asian Infrastructure Investment Bank (AIIB).
India’s Ministry of New and Renewable Energy (MNRE) has released a document clarifying the rules for state government offtake of solar park capacity, while the World Bank plans to provide US$100 million for solar park infrastructure.
India may soon review its Renewable Purchase Obligation (RPO) mechanism to give targets more suited to the environment of each state and offer more flexibility, according to energy minister Piyush Goyal.
Consultancy firm Bridge to India explains how southern India represents a test case for grid integration of variable renewable energy, accounting for 45% of the country’s total wind and solar power capacity.
As part of India’s Green Energy Corridor scheme, the Ministry of Power has proposed setting up a host of Renewable Energy Management Centres (REMCs) across the country to help integrate renewables as their penetration increases.
Despite India tripling solar deployments to reach 10GW in less than three years, the country's ultimate target of 100GW by 2022 will be extremely difficult without better enforcement of the Renewable Purchase Obligation (RPO), according to Mercom Capital Group’s latest market intelligence report.
All eyes are on India after the historic solar bids seen in Madhya Pradesh earlier this month, but headline prices won’t solve the more entrenched problems of the sector. PV Tech caught up with Ashish Khanna, executive director and CEO, Tata Power Solar, at the firm’s Noida offices near New Delhi to garner a rational viewpoint from one of the world's pioneering solar manufacturers and India's top solar rooftop EPC player.
Plenty of naysayers have warned about unrealistic bidding and various delays damaging the Indian solar sector, but the head of ACME Solar, one of the largest developers India, approaching 1GW of installed capacity, has a very positive outlook on the industry's future. PV Tech caught up Manoj Kumar Upadhyay, the founder, chairman and managing director of ACME Group at the company offices in Gurgaon, New Delhi, to discuss delayed PPAs, transmission infrastructure, the approaching Goods and Services Tax (GST) Bill and a unique point of view on India's Ultra Mega solar power parks.