The pan-Asian renewable energy development platform, owned by Australian investment bank Macquarie’s Green Investment Group (GIG), has acquired a majority stake in Hyderabad-based commercial solar developer Vibrant Energy.
The solar installation in India is making a slower-than-expected recovery as Covid-related disruption continues to hurt construction progress. Safeguard duty extension and module price increase have added to the pain.
The 438 MW of new solar capacity added during the three months ending September includes 283 MW from large-scale installations and 155 MW rooftop.
India added rooftop solar capacity of 399 MW in the second quarter (July-Sept) of FY 2020-21, compared to 188 MW installed in the corresponding period last year.
The Climate Group has reported that just 33 members of its global EP100 initiative avoided carbon dioxide emission by one billion metric tonnes purely through energy efficiency measures. Of this, 360 million metric tonnes—comparable to taking 77 million cars off the road for a year—was avoided in the last year alone.
The Airports Authority of India Limited has invited bids to set up a 330 kWp (DC) grid-connected solar power system at Deoghar Airport in Jharkhand. Bidding closes on December 1.
With the International Energy Agency publishing its latest five-year clean energy forecast today, pv magazine takes a look at the solar content of the 162-page document.
Bids are invited from government-owned entities to set up a ground-mounted, grid-connected solar plant at the university’s campus in Bihar. The plant is to be installed in EPC mode. Bidding closes on November 27.
Initially, solar plants shall be set up at airports in Tamil Nadu and Rajasthan, which require a PV capacity of around 55 MW and 8 MW, respectively, to become 100% solar-powered.
It has been a rocky year for installers with issues like availability of modules from Chinese suppliers, restricted construction due to local lockdowns, and uncertainty over import duties. Going forward, the market could see a dramatic rebound if net-metering is allowed with a current cap of 1 MW and re-introduced in the states that have shifted to gross-metering.
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