India largest market for off-grid solar products: report
Cornering 44% of the total global sales for 3.66 million off-grid solar products in the first half (H1) of 2018, India has emerged as the world’s largest cash market for such products, according to the latest report by Global Off-Grid Lighting Association (GOGLA).
India to add up to 8.5 GW of RE in FY19
India is likely to add between 8-8.5 GW of renewable energy generation capacity in the current financial year ending March 2019, according to ICRA Limited.
Historic tariffs could be revised to reflect GST costs
Developers have successfully secured relief from the federal government to mitigate the effects of GST on PV projects. One-off compensation will be paid and tariffs may be adjusted to reflect any ongoing rise in maintenance expenses.
Saudi Arabia and BP Group betting big on India
Two of the world’s biggest players in the oil industry have backed the nation’s ambitious solar target – and are putting their money where their mouth is.
Fall in rupee against the dollar will see solar targets missed, predict analysts
Ratings agency adds to pessimistic predictions about Indian solar with MNRE ambition of 34 GW of solar auctions next year at real risk. The news follows similar warnings about India’s 100 GW solar target.
620 MW commissioned at Bhadla Solar Park
With the commissioning of 620 MW by three companies, the total capacity of Rajasthan’s Bhadla Solar Park has reached 1,365 MW, Rajasthan Renewable Energy Corporation Ltd (RRECL) announced.
Madhya Pradesh: Historic low tariff, 1.5 GW project
With the announcement of a historic low tariff of Rs 1.38 ($0.019) per unit for a rooftop PV project and a new 1.5 GW solar project, Madhya Pradesh has upped its solar game plan.
Gujarat tenders 700 MW without capping tariff
Gujarat Urja Vikas Nigam Limited (GUVNL) has tendered 700 MW of grid-connected solar PV power projects to be set up under Phase III of the Raghanesda Solar Park, located in the state. No upper tariff limit has been set.
Delhi Cabinet approves rooftop solar scheme
The Delhi state government has approved the Mukhyamantri Solar Power Scheme, which offers five-year subsidies on electricity bills for group housing societies and individual consumers installing rooftop solar panels.
No priority lending for RE projects
India’s cash-strapped solar industry was in for a rude awakening after the Ministry of New & Renewable Energy (MNRE) has refused to write to the Reserve Bank of India (RBI) to accord priority sector lending (PSL) status to renewable energy projects.
