The Asian Development Bank (ADB) will provide a US$260 million loan to the Government of Pakistan to improve the country’s power transmission network and help offtake of power from new and renewable energy power projects.
The Solar Energy Corporation of India (SECI) has tendered another 3GW of inter-state transmission system (ISTS)-connected solar projects to be set up anywhere in India, adding to the 2GW of similar projects tendered in January.
The European Union will provide €578 million to build a major power link running through the Bay of Biscay to export Spain’s excess renewable energy to France, in a move that has been welcomed by France, Spain and Portugal.
Karnataka’s 860MW solar tender has been oversubscribed by four times and the state has released another 1.2GW tender, to the surprise of a top analyst firm that foresees grid integration troubles ahead.
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.