India

A standout year for solar installation in India has seen solar PV increase its share of total electricity generated in the country and its share of the renewable energy generated in the country, which now stands at 13%, with this expected to dramatically rise again in 2017.

Project comprises three 50 MW solar plants commissioned with an average weighted tariff of US 8.5 cents/kWh.

The Solar Energy Corporation of India (SECI) has released a list of the winners for projects within the eagerly observed 500 MW rooftop auction, with prices falling to record lows, although full capacity details of the projects have not been included within the list.

Pace of Indian solar growth to accelerate this year as the nation is set to more than double 2016’s 4 GW capacity; however, headwinds regarding transmission and evacuation issues could slow expansion, Mercom says.

Data from the analysts reveals that a total of 1,776 MW of new solar capacity was tendered in the final month of 2016, with the Solar Energy Corporation of India responsible for more than 1 GW.

As part of the green corridor project, the Power Grid Corp. of India will build power lines to transmit 20 GW of power capacity across 34 individual solar power plants. Project cost to run to $1.8 billion.

Bullish ten-year energy blueprint suggests India will surpass renewable targets outlined in Paris Agreement by more than 50% and three years ahead of schedule.

The Solar Energy Corporation of India’s 100 MW solar PV auction in the Indian state of Andhra Pradesh, issued under the domestic content requirement category, sees Adani and Azure Power win 50 MW each.

The Indian renewables developer has finished phase one of the rooftop project at the Delhi Metro Rail Corporation’s Sultanpur facility at a tariff of $0.083/kWh.

U.S. Overseas Private Investment Corporation partners with India’s Ministry for New and Renewable Energy to launch USICEF – a fund designed to spur wider public and private financing for renewable power generation in the country.