India sets new record low solar tariff of $0.0486/kWh
Winning bid for 250 MW solar project in NTPC-tendererd auction in Andhra Pradesh by Solairedirect is 4.5% lower than previous record price of $0.0494/kWh set earlier this year at the Rewa auction.
Solar corporate funding activity increases by 100% in Q1, finds Mercom Capital
Total corporate funding across the global solar industry reached $3.2bn in the first quarter of the year, which is a 100% increase on Q4 2016. This rise is largely due to increased debt financing activity, said Mercom Capital Group CEO Raj Prabhu.
India: Azure Power commissions 130 MW of solar in Karnataka
The Indian independent power producer takes a giant step in building up its presence in the Indian state of Karnataka with a 130 MW project.
India: Further 250 MW of solar capacity retendered by NTPC in Karnataka
National Thermal Power Corporation addresses concerns regarding infrastructure issues at the Pavagada Solar Park in the retendering of five, 50 MW blocks of capacity.
Analysis: India’s record-low solar tariff product of unique circumstances, says Mercom
Price of INR 3.30/kWh recorded at Rewa Solar Park auction in Madhya Pradesh among lowest in the world, and marks continuation of downward trend. Many factors played a role in bringing down the price in this particular auction, says Mercom Capital Group.
Another 100 MW of grid-connected rooftop solar being tendered in India
Government enterprise Central Electronics Limited (CEL) is tendering the new rooftop capacity using the RESCO model for projects nationwide, with bidders given until March to apply, according to market analyst Mercom Capital.
Solar lending rates continue to fall in India
Mercom Capital says the fall in rates is now making projects with lower prices viable, and that demonetization could further bring down rates.
Mercom: US$736 million invested in India’s solar sector in Q4 2016
The nation saw substantial debt, public markets and project funding during the final quarter of 2016, including the first Indian solar developer to go public.
PVMA figures show 75 GW of solar PV was installed in 2016
The PV Market Alliance has released its official solar installation figures for 2016, which, with a total of 75 GW installed, show a 50% growth from 2015, mainly driven by a mammoth year of installations in China, although the future would seem less auspicious as the two biggest markets show signs of retraction.
Mercom: India falls behind on installation targets
With 25 of India’s states falling behind on Renewable Purchase Obligation targets, the country’s Ministry of New and Renewable Energy (MNRE) is now requesting that the individual states take action to ensure compliance.
