India

Jera — jointly owned by Japanese utilities Tokyo Electric Power (Tepco) and Chubu Electric Power — will acquire an equity stake in the Indian independent power producer via a subscription to newly issued shares.

Price of INR 3.30/kWh recorded at Rewa Solar Park auction in Madhya Pradesh among lowest in the world, and marks continuation of downward trend. Many factors played a role in bringing down the price in this particular auction, says Mercom Capital Group.

Today’s reverse auction for capacity at the 750 MW Rewa solar farm in the Indian state attracts record-low bid of just INR 3.59/kWh ($0.053/kWh).

The first two high performance tabber stringers made by the Freiburg based equipment manufacturer have successfully passed a 72 hour site acceptance test at Emmvee Solar’s production facility in Bangalore, India.

Data from the Ministry of New and Renewable Energy analyzed by Mercom Capital Group shows India’s renewable energy installations have crossed 50 GW, setting the country on course to meet its 2022 goal.

The solar arm of the industrial giant becomes the first Indian company to surpass 1 GW of global PV module shipments, shipping 60% of that figure over the past five years.

The move is a step toward regaining regulatory compliance, in advance of a potential purchase by Brookfield.

The value of the country’s solar imports and exports hit US$1.22 billion (R83.1 billion) from the start of the current fiscal year in April to the end of October 2016, up nearly $1 billion from the same period a year earlier, according to Mercom Capital.

Government enterprise Central Electronics Limited (CEL) is tendering the new rooftop capacity using the RESCO model for projects nationwide, with bidders given until March to apply, according to market analyst Mercom Capital.

German PV inverter supplier SMA Solar Technology shipped over 1 GW of solar inverters to the Indian utility-scale PV market in 2016, which accounted for 26% of the entire market, of which SMA is the second largest inverter supplier.