India commissioned 7,592 MW of new renewables in first nine months of the fiscal year
Capacity additions for the current fiscal year are set to exceed the previous accounting period’s 8,532 MW. With $5.69 billion invested in clean energy in the last fiscal year, spending in the first nine months of 2019-20 has been estimated at $5.16 billion.
India concludes world’s largest renewables-plus-storage tender at $0.0566595/kWh
Pumped hydro and battery projects, coupled with renewables, offer the world’s lowest peak clean electricity tariff. The tender, which received bids for for 1.62 GW of capacity against the 1.2 GW sought, saw Greenko secure 900 MW of pumped storage capacity and Renew Power 300 MW of battery storage.
Indian companies to partner on EV charging infrastructure
State-owned Energy Efficiency Services and New Delhi-based Bharat Heavy Electricals have agreed to set up public charging stations for electric vehicles on highways across India.
India’s solar cell and module exports grow 157% in eight months
Following a dip in the last fiscal year, the value of cell exports saw a massive surge to an estimated INR13.3 billion from April to November. Exports to the U.S. tripled during the eight-month period as shipments to Turkey and Belgium rebounded to become the next two biggest export markets.
Tata Power Solar bags 250 MW PV project from Indian utility NTPC
The project will be built with Indian-made cells and modules. It will likely be completed within the next 20 months.
India tenders for another 1.2 GW of solar capacity
Bidders can pitch for up to 300 MW of generation capacity per project with the deadline for proposals on February 4. The eighth tranche of inter-state transmission system program capacity offered by the Solar Energy Corporation of India comes with an energy price ceiling of $0.039/kWh.
Suzuki-led JV to invest $517m in second phase of Indian lithium-ion factory
A joint venture with Japanese peers Toshiba and Denso will make the investment in the Gujarat plant over the 2021-25 period, having pumped $174 million into the first phase of development.
Indian PV to take off after gloomy 2019
India’s annual solar installations are set to exceed 10 GW in 2020, following a year marked by political uncertainty, module price increases associated with safeguard duties, and a lower number of awarded tenders. The outlook for battery energy storage installations for solar projects is particularly bleak, however, as such combinations in India can cost three to five times more than standalone renewable projects.
Indian developer Azure Power secures 2 GW solar project through much-criticized manufacturing-linked tender
The NYSE-listed developer must establish a total 500 MW of annual cell and module manufacturing capacity as part of the deal and has agreed with an Indian panel producer to jointly develop the production lines with Azure holding a majority stake in the enterprise. The developer has an option to double up to 4 GW of project capacity within the next four days.
ReNew Power, South Korea’s GS E&C to build 300 MW of PV in India
The Indian developer will hold a 51% stake in the venture, with Seoul-based GS E&C taking the remainder. The capacity was awarded under Solar Energy Corp. of India’s tranche-IV auction earlier this year.
