Covid-19 weekly round-up: Residential systems in Italy will get a 110% tax rebate and UK consumers are being paid to turn appliances on as coronavirus turns the energy world upside down
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.
Indian renewables-plus-storage tender secures power for $0.038/kWh
Winning developer Renew Power can opt for solar, wind or hybrid plants along with energy storage systems to ensure round-the-clock power supply.
India mulls alternatives to bank guarantees for PV projects
Lobby group the National Solar Energy Federation of India has welcomed the move and asked the Ministry of New and Renewable Energy to extend any such measures to existing contracts to help developers meet working capital requirements.
India concludes world’s largest renewables-plus-storage tender at $0.0566595/kWh
Pumped hydro and battery projects, coupled with renewables, offer the world’s lowest peak clean electricity tariff. The tender, which received bids for for 1.62 GW of capacity against the 1.2 GW sought, saw Greenko secure 900 MW of pumped storage capacity and Renew Power 300 MW of battery storage.
India tenders for another 1.2 GW of solar capacity
Bidders can pitch for up to 300 MW of generation capacity per project with the deadline for proposals on February 4. The eighth tranche of inter-state transmission system program capacity offered by the Solar Energy Corporation of India comes with an energy price ceiling of $0.039/kWh.
Solar-plus-storage will start to make big inroads in the year ahead
By this time next year we may be able to wave goodbye to that old chestnut about renewables endangering security of supply. Elsewhere, the price of lithium – and the products it goes into – could go either way after tanking this year.
Indian developer Azure Power secures 2 GW solar project through much-criticized manufacturing-linked tender
The NYSE-listed developer must establish a total 500 MW of annual cell and module manufacturing capacity as part of the deal and has agreed with an Indian panel producer to jointly develop the production lines with Azure holding a majority stake in the enterprise. The developer has an option to double up to 4 GW of project capacity within the next four days.
Troubled Indian manufacturing-linked solar tender now reportedly oversubscribed
A series of new amendments by the Solar Energy Corporation of India appear to have paid off, as the organization’s ambitious manufacturing-linked solar tender has reportedly ended up oversubscribed by 1 GW – of the capacity offered as an incentive at least.
India’s manufacturing-linked mega tender set for more tweaks
Bidders interested in competing for a tender which will allocate 6 GW of solar capacity linked, pro rata, with 2 GW of manufacturing output now have until September 11 to register their bid as administrator the Solar Energy Corporation of India will amend the exercise to incorporate developer feedback.
Second procurement announcement will make for 2.4 GW of new solar in India
Unlike the other, India-wide 1.2 GW tender rolled out simultaneously yesterday, the delivery point for a second wave of projects will be designated inter-state transmission system substations in the state of Madhya Pradesh.
