BHEL wins 75 MW solar project in Indian state of Gujarat
Bharat Heavy Electricals Ltd has won an EPC order for a 75 MW solar PV plant, to be installed at the solar park in Charanka, Gujarat. The company has also increased its annual manufacturing capacity to 105 MW for solar cells, and 226 MW for modules.
India’s NTPC tenders 2.75 GW of solar projects
NTPC Ltd has released two solar tenders totaling 2.75 GW. The first will see 750 MW tendered in the state of Andhra Pradesh, while the second is tendering 2 GW for interstate transmission system (ISTS) PV to be installed anywhere across in India. Out of the Indian government’s 20 GW tender plan for the 2017-18 fiscal year, around 15 GW has already been tendered
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.
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.
The weekend read: Foggy days ahead for Indian solar
India is planning to impose a safeguard duty this year to protect its domestic solar manufacturing sector. Many in the industry earnestly believe that if such duties were to be imposed, then a slowing down in market growth would be inevitable. However, the Indian Solar Manufacturers Association (ISMA) believes this will not be the case. Either way, this duty has created unwanted uncertainty in the market.
Longi to triple wafer capacity to 45 GW by 2020
The Chinese vertically integrated solar manufacturer has set out a three-year roadmap, aiming for 28 GW monocrystalline wafer capacity by end of this year, 36 GW by the end of 2019, and 45 GW by 2020.
Siemens Gamesa bags two Indian solar projects with combined 160 MW capacity
The renewable energy developer will build a 100 MW solar farm in India’s Tamil Nadu for a major utility, and an additional 60 MW solar plant in Karnataka for an independent power producer.
Indian gas utility connects country’s second-largest rooftop solar plant
GAIL, which is a state-owned provider of gas, commissioned a 5.76 MW rooftop PV array at its Pata petrochemicals plant in Uttar Pradesh at the end of 2017.
India: ReNew Power mulls purchase of Waaree Energies solar portfolio – reports
ReNew Power Ventures, which is backed by Goldman Sachs, is exploring an opportunity to acquire the solar assets of Waaree Energies ahead of a planned IPO, reports Mint.
EIB partners with YES Bank to offer $400m funding boost to Indian renewables
Both the European Investment Bank and India’s YES Bank will provide $200 million investment to co-finance a series of solar and wind power projects across India.
