India launches second phase of solar production incentive scheme
Solar Energy Corp. of India (SECI) has started accepting applications from solar manufacturers under the second phase of the production-linked incentive (PLI) scheme, with an outlay of about $2.4 billion.
International Solar Alliance launches innovation challenge in Africa
SolarX Grand Challenge aims to promote entrepreneurship and innovation, in order to address the energy gap in Africa through solar energy solutions.
India offers import duty exemptions for 6 GW of PV
The Indian government is providing import duty exemptions for 6 GW of PV projects, which will result in higher tariffs awarded under several auction schemes for solar and renewables.
Ernst & Young ranks India, China, US as world’s most attractive solar markets
India is the top market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. Spain, Germany and the United States are the top three markets for corporate power purchase agreements (PPAs).
Indian developer enters solar panel business with 2 GW factory
ReNew Power plans to switch on 2 GW of solar cell and module production capacity by September 2023.
India’s hybrid wind-solar project pipeline continues to grow
Investors have been pouring money into hybrid wind-solar projects in the Indian state of Karnataka in recent weeks. PTC India has also launched an oversubscribed 1 GW tender.
KKR invests $400 million in India’s Serentica Renewables
Serentica Renewables is developing 1.5 GW of solar and wind power projects in India. Over the medium term, it aims to install 5 GW of clean energy capacity, coupled with different storage technologies. The investment by KKR will support its industrial decarbonization projects.
Solar dominates renewable corporate PPAs in Asia Pacific, says WoodMac
Corporations in the Asia-Pacific region are set to contract a record 7 GW of renewable capacity in 2022, according to a new report by Wood Mackenzie. Solar accounts for 57% of the region’s contracted corporate renewable power purchase agreements (PPAs) to date. India, Australia and Taiwan account for 89% of overall capacity in the region.
Indian steel manufacturer to set up 70 MW solar park for self-consumption
India’s ISMT has revealed plans to set up a 70 MW (DC) captive solar plant with an investment of up to $37.1 million.
KSolare unveils new three-phase solar inverters
KSolare’s 5G-Pro series grid-tie solar inverters are now available with power ranging from 3 kW to 60 kW.
