Ernst & Young ranks India as world’s most attractive solar market
India achieved the highest score of 62.7 for solar in the latest edition of Ernst & Young’s renewables attractiveness index. It ranked third for overall renewable energy investment.
India’s utility-scale solar installations fell by 39% in fiscal 2021
In the 2020-21 fiscal year, India installed 3.5 GW of utility-scale solar projects, down about 39% year on year.
India’s largest floating PV project comes online
The 14.7 MW project, developed for Southern Petrochemical Industries Corporation (SPIC) Limited, relies on 37,632 390W PV panels occupies an area of 15.6 hectares.
ReNew Power to build 2 GW mono PERC PV factory in western India
ReNew Power has revealed plans to build a vertically integrated factory in the Indian state of Gujarat that will eventually produce 2 GW of mono PERC solar cells and modules per year. Production is expected to start from the next fiscal year.
India launches anti-dumping probe for PV cells from China, Thailand, Vietnam
India’s Directorate General of Trade Remedies, an entity under the Ministry of Commerce and Industry, has said that domestic manufacturers have provided sufficient evidence to warrant an investigation into the alleged dumping of solar cells.
Indian states must start planning for utility-scale battery storage
A new IEEFA report says that state governments across India need to start developing plans to incentivize investments in utility-scale battery storage – just as they did for solar.
Indian government approves scheme to support storage
India’s production-linked incentive scheme for battery storage is designed to facilitate the construction of 50 GWh of cumulative advanced chemistry cell (ACC) capacity and 5 GWh of “niche” ACC production facilities in India.
Indian state tenders 500 MW of solar capacity under farming support scheme
With the national KUSUM program offering farmers the chance to develop projects or lease their land, developers in Odisha will have until June 22 to bid for projects. The state utility will buy the power generated under a 25-year PPA for a maximum INR3.08/kWh ($0.04).
Indian incentives to support up to 13% of 240 GW of panel demand by fiscal 2030
India is targeting 280 GW of solar by 2030, of which 240 GW has yet to be built, but India Ratings says the country’s production-linked incentives will only cover up to 13% of future deployments.
Indian utility tenders 500 MW of hybrid wind-solar projects
The selected bidders in a new Indian tender will set up wind-solar hybrid power projects to supply power under 25-year PPAs. Bidding closes on June 8.
