Module price increases to moderate PV project returns in India
PV module prices have risen by 15% to 20% over the last four to five months. PV modules account for about 50% to 55% of overall project costs, so such price increases could moderate debt service coverage metrics for developers.
Indian PV manufacturer expands output capacity to 2.5 GW
Goldi Solar is setting up a 2 GW factory in the Indian state of Gujarat, increasing its manufacturing capacity to 2.5 GW. The new facility will use micro-gap module technology to produce mono-facial and bifacial modules with peak power outputs exceeding 600 W.
Indian utility seeks electrolyzer pilot projects
State-run power company NTPC wants to explore the feasibility of using hydrogen instead of diesel for back-up power and micro-grid application.
Upscaling PV-powered irrigation in India
India’s PV-powered irrigation mission has had a sluggish run, even though the PM-KUSUM scheme provides flexibility and budgetary support for system implementation. An IEEFA report highlights the need to address key challenges at state level to increase deployment.
Electricity derivatives to offer power offtake certainty for investors in India
An Institute for Energy Economics and Financial Analysis (IEEFA) report says that the sale of power in the futures market will benefit renewable energy developers and distribution companies alike.
Universal electricity access by 2030 remains a distant dream
Energy efficiency, electrification of heating and transport, and the provision of clean cooking facilities are all going in the wrong direction as the Covid crisis deprived millions in sub-Saharan Africa of electricity use, according to a report by the IEA, IRENA, WHO, World Bank and UN Statistics Division.
Indian Railways tenders 740 MW of solar on its vacant land
The capacity will be set up on a build, own, operate basis and bidding in the tender closes on August 26.
Indian highway to host 250 MW solar plant
The Global Green Growth Institute (GGGI) has helped to secure finance for the development of a 250 MW solar plant on a highway in India. The project will support electric vehicle charging and other energy requirements along the roadway.
Solar-powered cold storage service
Small farmers in the Indian state of Bihar are making productive use of solar energy to reduce their losses and increase their income, thanks to an innovative pay-per-use cooling service for perishable produce.
Indian manufacturer orders 1.2 GW solar production line
Gujarat-based solar panel maker Solex Energy will buy the production equipment from China’s Jinchen Machinery. The company also has plans for a cell line.
