Terrawatt Initiative and International Solar Alliance announce taskforce to lower cost of PV finance
The Common Risk Mitigation Mechanism for solar generation assets is intended to identify ways to scale up investment in solar to $1 trillion, and will be supported by members of the International Solar Alliance, the World Bank Group, and the Terrawatt Initiative.
India: TANGEDCO announces 1.5 GW solar tender
A total of 1.5 GW of solar in the Indian state of Tamil Nadu is due to be tendered with the upper tariff limit set at INR 4 ($ 0.062)/kWh.
Indian government issues draft quality order on solar modules
The Indian Ministry of New and Renewable Energy (MNRE) has forwarded to the World Trade Organization a draft quality order on solar modules announced by Energy Minister Piyush Goyal a week earlier.
Indian solar imports surge, while exports plummet
New data highlight a major discrepancy between India’s solar import and export numbers in the first 11 months of the financial year 2016-17.
Solar to attract more investment than coal, gas and nuclear combined this year, says Frost & Sullivan
Analysts expect global renewable power investment to reach $243bn this year, with solar PV the fastest-growing segment and non-hydro renewables to account for 65% of all global power investment by 2020.
Solar tariffs in India tumble to another new record low
The latest 500 MW tender by the Solar Corporation of India (SECI) drove the tariffs under INR 2.50 ($ 0.038), making solar cheaper than fossil fuel-generated power.
China key to growth of green bond market in 2016
Global issuance soared 60% year on year to $113 billion in 2016, with Chinese and Indian banks playing a critical role in driving growth by issuing debt securities to back the development of PV projects and other climate-related initiatives, Fitch Ratings said in a recent report. The total value of outstanding green bonds had reached $280 billion by the end of March 2017.
Solarpack secures financing for 135 MW of solar in Chile and India
The Spanish developer has raised $104 million in financing for nine large-scale PV projects spread across India and Chile.
India’s tariffs sink lower
A downward trend for the solar tariffs in India continues, with a new record low produced in a tender for a 50 MW solar power plant in Rajasthan.
India misses 2016 renewable target by 5 GW
Despite installing record capacities of solar power, India’s renewable energy additions for financial year 2016-17 were 11,319.17 MW – some 5,340 MW below the targeted capacity, data shows.
