The Indian solar producer has also increased its cell manufacturing capacity at its Bengaluru facility to 300 MW as it responds to the government’s Make in India program.
The Chinese solar firm has finalized power purchase agreements with the Solar Energy Corporation of India for 80 MW of solar PV capacity awarded to the company under the recent Maharashtra tender.
Tweet by Indian power minister Piyush Goyal confirms that cumulative solar PV capacity in India has now risen beyond 10 GW, with a further 14 GW pipeline knocking at the door, and an additional 6 GW to be auctioned soon.
The Indian capital’s 2016-2020 solar policy lays out detailed guidelines to increase the city’s solar footprint, including making it mandatory for all large government buildings to adopt PV.
Brookfield has agreed to acquire a 51% stake in yieldco TerraForm Power and plans to become the company’s sponsor, as well as acquiring TerraForm Global outright.
The Central Electricity Regulatory Commission has proposed to lower the price of solar Renewable Energy Certificates in wake of plunging PV costs.
The Luxembourg-based steel and mining multinational looks to turn to solar power after securing permission to develop acquired in the state of Karnataka.
The recently doubled capacity for solar parks in India from 20 GW to 40 GW has been welcomed by Mercom Capital Group, which says that government should not be too rigid with individual targets if there is demand for more.
Target expanded to 50 solar parks, up from previous number of 34. Solar Energy Corporation of India will execute the projects in collaboration with state governments across the country.
Assessment of the country’s PV manufacturing landscape by Mercom Capital Group finds series of challenges for domestic firms, including sustained low-cost competition from China, lack of scale and inconsistent support from government.
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