Indian Railways to set up 3 GW solar plants on vacant land
The projects—to be developed in three phases of 1 GW each—are expected to be completed by year 2022-23. While the first and the third phases will be developed under public-private partnership basis, the second phase will be on the ownership model of REMCL and eligible for capital subsidy under the CPSE scheme.
Solar costs have fallen 82% since 2010
The levelized cost of energy generated by large scale solar plants is around $0.068/kWh, compared to $0.378 ten years ago and the price fell 13.1% between 2018 and last year alone, according to figures released by the International Renewable Energy Agency.
Bridge To India lowers renewable outlook for 2020-24
The Indian renewable energy market is poised for a significant contraction during the five-year period due to weakening power demand growth, deteriorating financial condition of Discoms and further constraints in debt financing.
The EV story in post-Covid India
The near-term outlook for electric vehicles (EVs) remains bleak owing to supply and demand headwinds coupled with the expectation of sluggish investment to scale up the support ecosystem.
Vikram Solar ranked ‘Top Performer’ module manufacturer again
The Kolkata-based manufacturer’s Somera monocrystalline silicon and Eldora polycrystalline silicon PV modules met and exceeded international quality and performance benchmarks in assessments by PV Evolution Labs.
Decelerating PV module prices may start increasing in fourth quarter
Market dynamics may again alter the global supply-demand picture for solar modules, leading to an increase in prices or price stabilization.
Sterling and Wilson commissions 125 MW (DC) solar plant in Oman
The plant—Oman’s first renewables-based independent power project—is also the world’s biggest single-unit solar park to use bifacial modules.
Covid delayed 63% of India’s utility-scale solar in first quarter
Covid-19-prompted disruption severely impacted solar installation during January-March, 2020 as the country added only 689 MW of utility-scale PV against 1,864 MW scheduled to be commissioned.
DST launches energy storage innovation challenge
October 31 is the last date to submit proposals for developing economically viable energy storage solutions that can be integrated with appropriate renewable energy sources to provide an uninterrupted power supply for rural households and enterprises.
NHPC mulling hybrid solar + hydro projects in Ladakh
The state-run hydropower producer has commissioned 89 MW hydropower projects in Leh and Kargil, and is eyeing another 155 MW hydro and a 50 MW solar project in the union territory.
