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.
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.
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.
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.
Ratings agency ICRA expects the solar boost based on the backlog of PV projects awarded by central and state electric utilities.
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.
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.
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.
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.
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.
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