Ministry of New and Renewable Energy makes decision to extend the exemption of solar power projects from the charge in order to make PV more price competitive with coal power.
The French energy utility has snapped up a controlling share of the Pirapora II solar project from Chinese firm Canadian Solar. Plant is due to be commissioned in the first half of 2018.
The scheme, which provides investment support for residential and commercial PV systems, now includes the possibility of expanding projects developed under the program’s previous phases.
The decree implementing the auction was published in the country’s official journal on Saturday. Solar seems to have more options compared to the previous 3 GW auction, in which only 1.5 MW of PV was contracted.
Government “highly unlikely” to disrupt soaring solar market by acquiescing to demands to introduce anti-dumping tariffs on solar modules and cells from China, Taiwan and Malaysia, says Mercom Capital, but others argue duties are only way to ensure survival of domestic industry.
The Dutch specialty group believes its sand-resistant coating for solar panels will be particularly suitable for desert areas. The new technology is currently being tested at a solar plant in China’s Gobi Desert.
Vietnamese conglomerate TTC Group is now seeking investors for 10 to 20 projects, with plans to connect them to the grid by next year, according to recent media reports.
The FIT program, which is being developed with the support of the UNDP, is expected to encourage grid-connected renewable energy projects as well as off-grid generation.
In its New Energy Outlook 2017 report (NEO), published earlier this week, Bloomberg New Energy Finance (BNEF) outlines its expectations for energy in the Americas between now and 2040. The report predicts big for the key regional markets Brazil, Chile and Mexico.
As expected, TANGEDCO’s new tender has attracted unprecedented attention, despite the utility’s previous unpopularity among developers.
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