The Chinese manufacturer will provide Indian developer SunSource Energy with its Vertex panels. Shipments will be made in the fourth quarter.
The public body responsible for expanding access to electricity is seeking consultants to prepare a tender for rural PV mini-grids.
In March alone, 368 MW of new PV capacity was deployed, representing an increase of just 18 MW from the same month a year earlier.
In terms of new solar installations, China was the world’s largest PV market for the third year in a row with 30.1 GW of fresh capacity in the 12 months to the end of December, followed by the United States with 13.3 GW and Japan with 7.7 GW.
Chinese solar manufacturers Seraphim and Lu’An Solar will invest around $565 million in the new factory.
The country’s cumulative installed rooftop solar capacity reached 5.4 GW by the end of December. The Indian government now aims to deploy 40 GW of rooftop PV by the end of 2023.
Solar and wind are expected to account for a growing share of the electricity mix in the years ahead, rising from around 3% at present to 23% by 2030. Over the following two decades after that, however, this share will likely remain unchanged, as the national regulator expects the country to deploy more coal-fired generation capacity.
The Australian Energy Market Operator (AEMO) claims that the country already has the technical ability to safely operate a system in which three-quarters of the electricity comes from wind and solar. However, it needs to get the regulations right in order to do so.
Developers have until June 30 to lodge bids to develop plots of solar capacity across the national rail network which offer a maximum INR2.71/kWh ($0.036) for the electricity generated under a 25-year contract.
Analysts at Bloomberg New Energy Finance say the lowest-cost projects financed in Australia, China, Chile and the UAE in the last six months hit a levelized cost of energy of just $23-29/MWh and the best solar and wind projects will produce electricity for less than $20/MWh by 2030.
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