Recent trade conflicts to reduce India’s total solar installed capacity to 6 GW in 2018
According to Bridge to India’s ‘India Solar Compass’ report, new capacity additions in 2017 totaled 9,255 MW, up 94% on 2016. However, Q4 2017 was slow in terms of project commissioning with just 1,503 MW of utility-scale projects commissioned. Moreover, execution costs have increased by around 18% in just six months.
Enphase shows turnaround in Q4 results
The struggling microinverter maker narrowed its losses considerably in Q4, as it unveils new products and expands in new markets.
Municipal bonds may help India achieve its 40 GW rooftop solar target
Although the development of rooftop solar is not progressing in India as planned by the government, a group of international experts is suggesting using municipal financing to raise debt availability, and reduce PV system costs.
India: EESL to invest over $500 million in Andhra Pradesh in 4 clean energy projects
MOUs for four projects signed at the CII Partnership Summit 2018, held in Andhra Pradesh, India, are valued at more than US$500 million, and are expected to create jobs, alongside bringing in revenue and saving money.
Adani to build 1 GW+ renewable energy in India
Adani Group has signed an MOU with the Andhra Pradesh state government for the development of more than 1 GW of renewable energy in the state.
India: Shell may acquire majority stake in Fourth Partner Energy
Shell is rumored to be interested in acquiring a majority stake in Fourth Partner Energy, a rooftop solar power firm based in Hyderabad, India.
India: Avaada Power to develop 1.6 GW of solar in Uttar Pradesh
Avaada Power Pvt Ltd has committed US$1.55 billion to develop solar PV projects in the state of Uttar Pradesh in India.
India: Topaz Solar plans 1.2 GW solar module, 500 MW cell manufacturing fab
As a first phase, Topaz Solar Private Limited has said it will set up a 500 MW solar PV module manufacturing facility in India’s northeastern state of Odisha. Production begin is aimed for 2019. It will seek to increase this capacity by another 700 MW, and add 500 MW of cell manufacturing under a second phase.
Indian government makes surprising u-turn on electric vehicle policy
Minister for road transport, Nitin Gadkari drops plans to introduce national policy to support growth of electric vehicles in surprising reversal on earlier ambitions.
Chinese companies lead global solar developer rankings
State Power Investment Corporation (SPIC) and GCL New Energy have taken the top spots for installed capacity, but Canadian Solar and First Solar are showing impressive pipelines.
