The Taiwanese market research company said the effects of the 5/31 policy shift in China were less severe than expected, and in 2018 the global solar market grew 4.9%, with approximately 103 GW of new additions. This year, the solar demand is forecast to rise another 7.7%.
Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are reported to be among those eyeing the renewable energy assets of debt riddled Infrastructure Leasing and Financial Services.
Known as the “roof of the world,” the scenic Ladakh region of the Indian state of Jammu and Kashmir could soon host the world’s largest single-location PV plant.
India’s leading infrastructure finance company expects to generate up to $1.14bn from wind and solar asset sales.
Of that colossal sum, 350 GW would be for solar. India currently has installed renewable energy capacity of 75 GW with a further 46 GW under implementation.
Under the new Solar Policy 2018 announced on Thursday, Andhra Pradesh has set a minimum target of 5 GW of newly installed PV power capacity over the next five years.
India’s Solar Energy Corporation of India has invited solar power developers to construct 7.5 GW grid connected projects in Leh and Kargil Districts in the state of Jammu & Kashmir under a competitive bidding process. Bid submission deadline is April 30. Tenders will be opened on the same day. The date of reverse auction will be advised at a later date.
The Indian Government plans to tender 60 GW of solar and 20 GW of wind capacity by March 2020. This would complete the planned auctions for its targets of 100 GW solar and 60 GW wind installations by 2022, leaving two years for project execution, according to an year-end review by the Ministry of New and Renewable Energy (MNRE).
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