India’s PV industry has experienced an eventful year, with record lows in both new capacity additions and tariffs.
The Solar Energy Corporation of India has issued a call for expressions of interest to supply clean energy to isolated off-grid communities and warned components will probably have to be transported manually.
The state, which is aiming to hit 2.2 GW of solar within two years, has received a Solar Energy Corporation of India proposal for 500 MW of floating project capacity even as it approves a 40 MW water-borne array put forward by the national solar body. The 500 MW suggested comes on top of a similar scale of floating PV planned across the state by public hydropower company NHPC.
The Italian utility, fresh from securing its first 300 MW of PV generation capacity in the country in a recent, record-setting tender, has teamed up with the state-owned Norwegian Investment Fund to commit to further clean energy facilities in India.
The Spanish developer, which will sell solar energy at an Indian record low tariff of €0.028/kWh under a 25-year deal has spoken to pv magazine about the specifics of the landmark PV plant.
Developers from France and Germany and investors with access to cheap U.S. and U.K. finance were among the winners in a 2 GW procurement round which saw Spanish company Solarpack lodge a record-low price for Indian solar power of $0.031/kWh.
Almost 10 GW of hybrid generation capacity is already under implementation despite the nation having only 100 MW of combined wind and PV projects at present, according to analyst Crisil.
Adani Green Energy is reported to have exercised an option to double the 4 GW of solar generation capacity and 1 GW of cell and module production facilities it secured in a manufacturing-linked solar tender carried out by the Solar Energy Corporation of India in November.
Plus, Australia’s Greens want renewables front and center of the post Covid-19 economy and Mexican plant owners are overturning a politically-motivated ban on clean energy, however, Indian developer Acme solar says pandemic delays warrant it reneging on the terms of the record-low solar price agreement it signed.
Winning developer Renew Power can opt for solar, wind or hybrid plants along with energy storage systems to ensure round-the-clock power supply.
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