Rays Power signs MoU for INR 500-crore solar investment in Rajasthan
Director Nidhi Gupta told pv magazine that the company had signed the agreement to invest INR 500 crore (US$67.2 million) in building a 120 MW solar park in the Bikaner district of the State. The solar park will provide plug-and-play infrastructure for captive solar projects.
MNRE expands ALMM requirement to open-access and net-metering solar projects
Only the solar products and manufacturers making to the Approved List of Models and Manufacturers (ALMM) will now be eligible for open access and net-metering projects—in addition to government-backed projects—installed in the country. These include projects set up for sale of electricity to the Government under Section 63 of Electricity Act, 2003. The amendment shall apply to renewable energy projects which apply for open access or net-metering facility from April 1, 2022.
India has installed more than 49.3GW of solar
The nation reached a cumulative 151GW of renewable energy generation capacity – including large hydro – by December 31, although a large volume of off-grid equipment is not included in that figure.
Asia Pacific solar supply chain trouble to ease this year, according to analyst
Wood Mackenzie has predicted solar equipment cost increases will ease back after last year saw the average cost of solar electricity rise for the first time in the Asia-Pacific region.
India may add 12.5GW of solar in 2022-23
Ratings agency ICRA expects the solar boost based on the backlog of PV projects awarded by central and state electric utilities.
Rystad: Residential solar soars past C&I in 2021 globally
Renewable energy and battery storage has racked up another banner year in 2021, according to end-of-year analysis from Rystad Energy. While there was growth across segments, residential solar has seen the most impressive gains, surpassing the commercial and industrial (C&I) segment for the year.
India added 935MW of private-contract backed solar in first nine months of 2021
That meant the nation reached a cumulative 4.8GW of “open-access” solar generation capacity by the end of September. At that point, there were also more than 1.1GW of open access projects in the development pipeline, according to analyst Mercom India Solar.
Amp Energy India commissions 30 MW open-access solar project for Bosch Limited
The open-access solar facility, located in the Raichur district of Karnataka, shall supply electricity under a 25-year power purchase agreement (PPA) with Bosch Limited.
2021: A year of ascent for solar PV
The solar sector in India bounced back to make 2021 the best year in new PV capacity addition. The year also witnessed a massive response to PLI tender for solar manufacturing and launch of 50 GWh battery cell tender and green hydrogen mission.
Growatt nearing 1 GW of solar inverter shipments in India this year
The Chinese inverter maker has expanded its offerings in India beyond commercial and residential solar sector by launching 250 and 253 kW inverters for the utility segment. It also plans to bring its offgrid solutions to the Indian market in 2022.
